Press release
Antifouling marine coatings market to observe phenomenal global demand over 2016-2024, Asia Pacific to be a prominent revenue contributor
While development of new, modern, high tech ships are on a remarkable high, older ships are also being remodeled by means of minor repair and overhauling work. The aforementioned processes are significantly stimulating the demand for marine coatings globally. The strict norms regarding the usage of eco-friendly and high quality coatings will also favorably influence marine coatings industry trends. According to Global Market Insights, Inc., “Marine Coatings market is projected to collect a revenue of USD 15 billion by 2024 with a CAGR of 7% over the coming seven years.”
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1142
Taking into account the marine coatings application landscape, the industry is mainly divided into offshore vessels, deep sea, coastal, leisure boats, and containers. Leisure boats application segment collected a revenue of USD 1 billion in 2015 and is anticipated to register a CAGR of 7% over the period of 2016 to 2024, owing to the increased per capita income across regions such as Europe and North America.
Anticorrosion coatings market was worth USD 3 billion in 2015 and is predicted to witness an annual growth rate of more than 6% over the coming years of 2016 to 2024, driven by the product demand to prevent corrosion and rusting. Anti-fouling is another lucrative product segment of marine coatings market. In 2015, anti-fouling coatings covered more than 40% of the revenue share and will collect high revenue over the coming timeframe. Anti-fouling coatings are extensively applied on the outer surface of the vessels to avoid the unwanted growth of marine organisms, which reduces the overall performance of the ship. The surging use of this product for overhauling and repairing work will influence marine coatings industry size considerably.
North America and Europe have a huge demand for personal leisure boats as well as marine ships, which will ultimately boost marine coatings industry. With Japan, China, and South Korea being the chief contributors, Asia Pacific marine coatings market led the geographical landscape in 2015. The shipbuilding sector in these aforementioned countries is also on a lucrative growth path, thereby propelling the regional marine coatings industry. In fact, China led the worldwide shipbuilding sector with a contribution of more than 33% ship building industry share.
Make an inquiry for purchasing this report @ https://www.gminsights.com/request-sample/detail/1142
Market players are shifting their focus on new product development to maintain their business position. The key players in marine coatings market are Nippon Paint, Sherwin-Williams, Hempel Group, AkzoNobel, PPG Industries, Kansai Paint Co., Ltd, Jotun, RPM International Inc., CHUGOKU MARINE PAINTS, Ltd., BASF, DuPont, and KCC Corp.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.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 Antifouling marine coatings market to observe phenomenal global demand over 2016-2024, Asia Pacific to be a prominent revenue contributor here
News-ID: 794600 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for USD
Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements
Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and…
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand
The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious…
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope:
Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market
In-Depth Exploration of the global Biometrics…
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants.
As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to…
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
