1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Paint and Coating Market Trends
Marine Coatings Market by Resin, Product Type, Applications And Region - Global Forecast to 2022

Marine Coatings Market by Resin, Product Type, Applications And Region - Global Forecast to 2022

  • March 2018
  • 144 pages
  • ID: 5300610
  • Format: PDF

Summary

Table of Contents

Search Inside

Increasing shipbuilding activities in emerging economies such as China, South Korea, and India are driving the growth of the marine coatings market across the globe.
The marine coatings market is estimated to be USD 4.45 billion in 2017 and is projected to reach USD 5.29 billion by 2022, at a CAGR of 3.50% from 2017 to 2022. The growth of the marine coatings market can be attributed to the continuous growth of the shipbuilding and offshore engineering industries in emerging economies. However, fluctuating prices of raw materials used for manufacturing marine coatings and increasing environmental regulations are the challenges for the growth of the marine coatings market.

Among product types, the anti-corrosion coatings segment is expected to lead the marine coatings market between 2017 and 2022, in terms of value.

Anti-corrosion coatings are the most widely used type of marine coatings as they enhance the life as well as quality of structures or surfaces, wherein they are applied.Anti-corrosion coatings are passive corrosion-resistant products.

These coatings isolate surfaces from aggressive corrosive agents such as moisture, salts, and acids.

Among resins, the epoxy segment is expected to lead the marine coatings market during the forecast period, in terms of value.
Epoxy marine coatings are widely used in the shipbuilding industry due to their anti-corrosion properties.These coatings prevent corrosion in those parts of ships that are continuously exposed to seawater and ultraviolet (UV) rays.

This results in an increased demand for epoxy marine coatings from the shipping industry, thereby leading to the growth of the epoxy segment of the marine coatings market.

The Asia Pacific region is expected to account for the largest share of the marine coatings market in 2016 and the marine coatings market in the region is also projected to grow at the highest CAGR between 2017 and 2022, in terms of both, value as well as volume.

The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is expected to lead the marine coatings market during the forecast period, owing to the increased consumption of marine coatings in emerging economies such as China, India, and South Korea.

The Asia Pacific marine coatings market is also projected to grow at the highest CAGR between 2017 and 2022, in terms of value.The demand for oil & gas is increasing in tandem with the ongoing urbanization and industrialization in the region.

This, in turn, has fueled the demand for large cargo vessels from the region, thereby increasing the demand for marine coatings in the Asia Pacific region.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to collect information related to the marine coatings market. The breakdown of primary interviews has been depicted below:
• By Company: Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
• By Designation: C-Level Executives - 21%, Directors - 23%, and Others - 56%
• By Region: North America – 30%, Europe - 18%, Asia Pacific - 41%, and RoW - 11%

Key companies supplying marine coatings are:
• PPG Industries (US)
• AkzoNobel (Netherlands)
• Hempel (Denmark)
• Sherwin-Williams (US)
• Jotun (Norway)
• Chugoku Marine Paints (Japan)
• Nippon Paint (Japan)
• Kansai Paint (Japan)
• Axalta (US)
• BASF Coatings (Germany)

Research Coverage
This report segments the marine coatings market based on resin, product type, application, and region.It provides estimations for the overall value of the marine coatings market and its subsegments across various regions.

A detailed analysis of the key players operating in the marine coatings market has been conducted to provide insights into their businesses, products & services offered by them, key growth strategies adopted by them, and recent developments such as expansions, new product launches, acquisitions, and partnerships undertaken by them.

Reasons to Buy the Report:

This report is expected to help leaders/new entrants in the marine coatings market in the following ways:
• Have an improved understanding of the marine coatings market
• Provide information on drivers, challenges, and opportunities influencing the growth of the marine coatings market
• Gain insights regarding competitors and their positions in the marine coatings market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Anti-Graffiti Coatings Market by Vehicle Type, End Use Industry And Region - Global Forecast to 2023

Anti-Graffiti Coatings Market by Vehicle Type, End Use Industry And Region - Global Forecast to 2023

  • $ 5650
  • March 2019

The increasing use of anti-graffiti coatings and films in various applications to drive the market.The anti-graffiti coatings market study covers both anti-graffiti coatings and anti-graffiti films market. ...

Polymer Emulsion Market by Type, Application and Region - Global forecast to 2023

Polymer Emulsion Market by Type, Application and Region - Global forecast to 2023

  • $ 5650
  • March 2019

The polymer emulsion market is projected to register a CAGR of 7.6% between 2018 and 2023.The polymer emulsion market size is projected to grow from USD 29.8 billion in 2018 to USD 42.9 billion by 2023, ...

Global Acrylic Resins Industry

Global Acrylic Resins Industry

  • $ 5600
  • January 2019

This report analyzes the worldwide markets for Acrylic Resins in Million Pounds by the following Product Segments: Acrylates, and Methacrylates. Further the market is also analyzed by the following End-Use ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on