Press release
Marine Coatings Market would rocket up to USD 9.26 billion by 2030
Marine coatings are mostly used as protective coatings that are applied, among other items, to the surface of ships, cruises, yachts, oil rigs and bridges. To protect against corrosion and fouling, these coatings are used to increase the shelf life of offshore structures and marine vessels. Marine coatings protect the surfaces from damage caused by UV radiation above the waterline along with corrosion and fouling below the waterline.Data Bridge Market Research analyses that the marine coatings market which was USD 4.96 billion in 2022, would rocket up to USD 9.26 billion by 2030, and is expected to undergo a CAGR of 8.11% during the forecast period. "Epoxy" dominates the type of resins segment due to which has a variety of features including chemical and water resistance, high durability, and great adhesive property.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Access Full report: https://www.databridgemarketresearch.com/reports/global-marine-coatings-market
Drivers
Increasing Production Activities in the Marine Industry
Coatings on yachts and other leisure boats are used for interior and exterior purposes. A significant share of demand comes from the coatings used on yachts. There are different kinds of yacht coatings, like premium topcoats, high-build surfaces, different protective primers, finishing primers, and antifouling paints. Further, interior topcoats and wood coatings are used in yachts and other boats as well. Shipbuilding activities are increasing significantly across the globe, which in turn is expected to boost market growth during the forecast period. Also, the increased pressure on industries to reduce greenhouse gas emissions means that manufacturers have to do something. Because of this, the average amount of carbon dioxide released by new general cargo ships should go down by 40% by 2040. Thereby supporting the market's growth sustainably
Increasing Demand from the oil and Gas Industry
The expansion of the oil and gas industry and the increasing exploration activities are driving the overall growth of the marine coatings industry. The oil and gas exploration carried out in the seas is increasing, where the equipment taken to the seas requires protection as the life of this equipment is crucial as well. Such factors are considered as the major market drivers of the marine coatings industry. The increasing number of innovations and investment in the industry has led to the production of products that helps in improving performance and optimizing fuel consumption. The efficacy of the products in protecting from adverse effects such as corrosions, fouling, and UV radiations effects are considered as the major drivers of the marine coatings industry
Opportunities
Rise in Investment in Research and Development and Producing Novel Technologies
Friction and corrosion of the hull and other degradation issues are some of the crucial factors that propel ship manufacturers and key market players to invest in effective marine coatings. The degradation of the marine vessels might lead to severe loss to the marine industry and traders. Therefore the potential market players are increasing the investment in producing novel technologies and introducing new products into the industry, which is expected to boost the marine coatings market growth during the forecast period. The economic condition of the developed countries and the disposable income of the consumer make them invest in the manufacturing of the ships and soliciting yacht and cruise ships. In addition, the consumers are looking for way to add aesthetical elements to the marine vessels. Such factors are also expected to boost the marine coatings market growth during the forecast period
Restraint/Challenge
There is a Lack of Understanding and Acceptance of Marine Coatings
The construction industry is notorious for its resistance to change, particularly when it comes to embracing new materials and procedures. Some stakeholders find it difficult to migrate to marine coatings due to established habits and familiarity with previous building methods. Concerns about future interruptions, retraining of people, and uncertainty regarding marine coatings' effectiveness and long-term viability can all contribute to resistance to change. Building codes and regulations vary across regions and countries and may not always explicitly include or address marine coatings. Limited acceptance of LGSF within existing building codes can create barriers for its widespread adoption. Uncertainty or challenges in obtaining approvals and permits for LGSF projects can slow market growth and limit its use in certain areas
This global marine coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Marine coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth
Recent Developments
In January 2022, CRATE Modular Inc., a modular building component manufacturer located in the U.S., has introduced a new light gauge steel solution, a cold-formed steel technology. This new technology is distinct owing to its dimension flexibility and extra design alternatives. CRATE gained the capacity to provide more creative solutions to its clients with the introduction of its new cold-formed steel technology
In August 2021, Etex, a Belgian construction material producer, paid an unknown sum for SIgmat Limited. This purchase strengthens Etex's position and growth in the U.K. and Ireland offsite building markets. The purchase also aligns with Etex's ambition to become the worldwide leader in offsite construction. Sigmat Limited is a low gauge steel frame (LGSF) company situated in the U.K.
GET A PDF SAMPLE : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-marine-coatings-market
Some of the major players operating in the global marine coatings market are
PPG Industries, Inc., (U.S.)
Akzo Nobel N.V., (Netherlands)
Axalta Coating Systems, LLC (U.S.)
Cabot Corporation. (U.S.)
Carboline Company (U.S.)
Delta T & Protective Products. (Canada)
EXCEL India Protective Paints Pvt. Ltd. (India)
General Coatings (U.S.)
Jotun (Norway)
Kansai Paint Co.,Ltd. (Japan)
Lincoln Industries (U.S.)
Mascoat (U.S.)
Mathur Corr Tech Private Limited. (India)
Nippon Paint Holdings Co., Ltd. (Japan)
Sharpshell Engineering (South Africa)
The Sherwin-Williams Company (U.S.)
Chugoku Marine Paints, Ltd. (Japan)
BASF SE, (Germany)
BROWSE MORE REPORTS:
https://dbmrbuisness.blogspot.com/2023/12/halogen-free-flame-retardant-market.html
https://dbmrbuisness.blogspot.com/2023/12/folding-cartons-market-industry-trends.html
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Contact Us:-
Data Bridge Market research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Marine Coatings Market would rocket up to USD 9.26 billion by 2030 here
News-ID: 3331848 • Views: …
More Releases from Data Bridge Market Research

Cardiovascular Prosthetic Devices Market Size Trends and Forecast by Application …
The pouches market has emerged as a dynamic and rapidly evolving segment within the packaging industry. With increasing demand for flexible, lightweight, and sustainable packaging solutions, pouches have become a preferred choice for a wide range of industries, including food and beverage, pharmaceuticals, personal care, and household products. This guest post delves into the overview, scope, market trends, and key factors driving the growth of the pouches market.
Full report :…

Pouches Market 2024-2040 Revolutionary Insights into Trends, Dynamics, Growth, F …
Overview of the Pouches Market
Pouches are flexible packaging solutions made from materials such as plastic, aluminum, and paper. They come in various forms, including stand-up pouches, flat pouches, spouted pouches, and zipper pouches. Their lightweight design, cost-effectiveness, and ability to extend product shelf life have made them a popular alternative to traditional rigid packaging like bottles and cans.
The global pouches market has witnessed significant growth in recent years, driven by…

Retinal Disease Therapeutics Market: A Comprehensive Overview
Introduction
Retinal diseases, including conditions like age-related macular degeneration (AMD), diabetic retinopathy, and retinal vein occlusion, represent a major health concern worldwide. These diseases are leading causes of vision impairment and blindness, particularly among aging populations. The retinal disease therapeutics market encompasses the development, production, and distribution of drugs and treatments aimed at addressing these conditions. Therapeutic solutions can range from drug injections to laser therapies and surgical interventions, with a…

Cardiac Point of Care Testing Kits Market: An In-Depth Analysis
Introduction
Cardiac Point of Care Testing (POCT) kits are revolutionizing the way heart conditions are diagnosed and monitored. These diagnostic devices allow healthcare professionals to test patients' cardiac health quickly and efficiently at the point of care, such as in a doctor's office, emergency room, or even at home. Cardiac POCT kits are designed to detect key biomarkers that indicate heart conditions like myocardial infarction (heart attack), congestive heart failure, and…
More Releases for Marine
Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors.
Request Exclusive Free Sample PDF of This…
Marine Cranes Market Reviews and Statistics 2020 - DMW Marine, Heila Cranes, Eff …
An extensive study of the product application and services conducted by subject matter experts assessing the global Marine Cranes market will help product owners to make a wise decision.
The latest research report on Marine Cranes market for the forecast period, 2020 - 2025 is involved in screening the business environment and the companies operating in the Marine Cranes industry. Importantly, the research sheds a lot of light on their winning…
Marine Trailers Market by Key Players Insights - Owens & Sons Marine, EZ LOADER, …
Marine Trailers Market: Introduction
Marine Trailers are supportive equipment used to tow or carry personal, commercial or marine boats from one place to another. Marine trailers are prominently gaining demand in personal use due to the growing hiking and adventurous activity among millennials. Personal boats need to be carried from respective individual houses or residential places to the activity area. With the growing needs of urban population, the marine trailers market…
Marine Seats Market | Spreading Key players - Wise Seats, Moeller Marine Product …
Global Marine Seats Market, 2018-2023, is a market research report by KD Market Research that offers extensive and highly detailed current and future market trends in the global and regional/market. The report offers market size and structure of the overall industry based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Global Marine Seats Market was held at USD XXX Million in 2017 and is expected…
Marine Big Data Market - Information Provided by Marine Big Data Considered Indi …
Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence…
Global Ship Crane Market Forecast 2018-2025 Allied Marine Crane, Appleton Marine …
Recently added detailed market study "Global Ship Crane Market" examines the performance of the Ship Crane market 2018. It encloses an in-depth Research of the Ship Crane market state and the competitive landscape globally. This report analyzes the potential of Ship Crane market in the present and the future prospects from various angles in detail.
The Global Ship Crane Market 2018 report includes Ship Crane market Revenue, market Share, Ship Crane…