Marine coatings are mostly used as protective coatings that are applied on the surface of vessels, yachts, cruises, oil rigs and bridges, and among others. Marine coatings are applied to protect against corrosion and fouling to enhance the shelf life of the offshore structures and marine vessels. These coatings protect the surfaces from damage caused by UV radiation above the waterline along with corrosion and fouling below the waterline.
MARKET DYNAMICS
The marine coatings market has witnessed significant growth due to the growing demand from chemical industry. Moreover, ability of marine coatings in the prevention of corrosion also helps in the reduction of fuel consumption provides a huge market opportunity for the key players operating in the marine coatings market. However, relatively higher prices are projected to hamper the overall growth of the marine coatings market in the forecast period.
MARKET SCOPE
The "Global Marine Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the marine coatings market with detailed market segmentation resin type, product type, application, and geography. The global marine coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global marine coatings market is segmented on the basis of resin type, product type, and application. On the basis of resin type, the global marine coatings market is divided into epoxy, polyurethane, alkyd, and others. On the basis of product type, the global marine coatings market is divided into anti-corrosion coatings, antifouling coatings, and others. On the basis of end user, the global marine coatings market is divided into cargo ships, passenger ships, boats, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global marine coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The marine coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the marine coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the marine coatings market in these regions.
MARKET PLAYERS
The reports cover key developments in the marine coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as material type launches, material type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from marine coatings market is anticipated to lucrative growth opportunities in the future with the rising demand for marine coatings in the global market. Below mentioned is the list of few companies engaged in the marine coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the marine coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- PPG Industries
- AkzoNobel
- Hempel
- Sherwin-Williams
- Jotun
- Chugoku Marine Paints
- Nippon Paint
- Kansai Paint
- Axalta
- BASF SE
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