Marine Coatings Market to hit USD 8.53 Bn and Emergent at Growth Rate of 6.24 percent by 2029: Competitive Landscape, New Market Opportunities, Growth Hubs and Segmentation

Pune 21 Feb 2023: The report expects the Marine Coatings market to grow from USD 5.25 Bn in 2021 to USD 8.53 Bn by 2029 at a CAGR of 6.24 percent during the forecast period from 2022 to 2029. Maximize Market Research is a leading Material & Chemical research firm that has delivered a detailed analysis of the "Marine Coatings Market".

Marine Coatings Market Report Scope and Research Methodology

The report forecasts Marine Coatings Market on the global, regional and national levels. The report forecasts the Marine Coatings market size and growth rate along with existing and future trends in the Marine Coatings industry. The report focuses on the major leading industry players and provides company profiles, applications, revenue, product portfolio and market share. The report analyzes the qualitative insights and historical data to represent the marine coatings industry size. The report contains the value chain analysis for the segmentation of the product.

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The qualitative and quantitative data are used to explain the drivers, market restraints and upcoming opportunities of the Marine Coatings Market. The competitive structure and pricing analysis are included in the report for the Marine Coatings Market's market penetration. The bottom method was used in the report. Product, Application and End Users are the segments used to analyze the Marine Coatings market in order to determine the aspects that both favorably and unfavorably affect the growth of the market. The report gives the SWOT, PORTER and PESTLE analysis with the potential impact of macro-economic factors on the Marine Coatings Market.

Development in the shipbuilding Sector drive the Marine Coatings market over the forecast period

The growth in the production of new ships and maintenance of the old ships helps to drive the development of the shipbuilding sector. The increasing demand for the Offshoring engineering industries is the key factor driving the Marine Coatings market growth.

Over the forecast period, the market is expected to be driven by the rise in use of the anti-corrosion coatings and the increasing need for low fuel consumption and low emissions coatings. An increase in shipbuilding operations is the expected lucrative opportunity for the growth of the Marine Coatings market. The market growth is expected to be restrained by strict environmental regulations related to the marine coatings.

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North America dominates the global Marine Coatings Market throughout the forecast period

North American region is expected to grow at a significant growth rate in the Marine Coatings Market over the forecast period. The regional Marine Coatings Market growth is expected to be driven by the presence of the limited scale of the marine industry and government agencies to shipbuilding the building sector.

During the forecast period, the Asia Pacific region is expected to grow at a high growth rate. Expansion of the marine coating industry, growth of shipbuilding and increase in the consumption of marine coatings are the expected regional growth drivers for the Marine Coating Market. Europe is also expected to grow at the fastest growth rate due to the huge presence of renowned boat manufacturers.

Marine Coatings Market Segmentation

By Product

Anti-fouling coatings
Anti-corrosion coatings
Foul release coatings
Others

By Application

Coastal
Containers
Deep sea
Leisure boats
Offshore vessels
Others

By End Users

New Ships
Repair Work

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Marine Coatings Market Key Players include:

PPG Industries, Inc. (US)
Axalta Coating Systems, LLC (US)
Cabot Corporation. (US)
Carboline Company (US)
General Coatings (US)
Progress Rail Services Corporation (US)
Mascoat (US)
The Sherwin-Williams Company (US)
Kop Coat (US)
RPM International, Inc. (US)
Delta T & Protective Products (Canada)
BASF SE (Germany)
Chemco International Ltd (UK)
Jotun (Norway)
Boero (Italy)
Hempel A/S (Denmark)
Akzo Nobel N.V. (Netherlands)
EXCEL India Protective Paints Pvt. Ltd (India)
Mathur Corr Tech Private Limited (India)
Chugoku Marine Paints, Ltd. (Japan)
Kansai Paint Co.,Ltd. (Japan)
Nippon Paint Holdings Co., Ltd. (Japan)
KCC Corporation (South Korea)
Sharpshell Engineering (South Africa)

Table of for Global Marine Coatings Market:

Global Marine Coatings Market: Research Methodology

Global Marine Coatings Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Marine Coatings Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

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Global Marine Coatings Market Segmentation

Global Market, by Product (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End Users (2021-2029)

Regional Global Marine Coatings Market(2021-2029)

Regional Market, by Product (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End Users (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of Product, Application, End Users and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

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