Marine coatings are surface protectants used for commercial and military ships against fouling and corrosion. Marine coatings can be either epoxy based or polyurethane based. The commercially available varieties of marine coatings include anti-corrosive coatings, anti-fouling coatings, foul releasing, self-cleansing and self-polishing. They find application in coastal, containers, offshore vessels, deep sea boats and ice-breakers.
Epoxy based marine coatings are the leading segment in the global marine coatings market. They serve as strong anti-corrosives. However, self-cleansing and self- polishing marine coatings are expected to now come up. Coastal applications are the largest end-users of the global marine coatings market as attributed to dry-docking followed by deep sea applications.
The expansion of oil and gas market is one of the key factors driving the growth of the global marine coatings market. Moreover there is sustained demand of marine coatings from commercial and military ships for their surface repair and maintenance. However, consolidation of shipping companies is a serious market constraint. Besides, the fluctuating prices of oil and gas can result in an inconsistent growth of the market. Stringent environmental norms are also expected to hamper the market growth. But to battle this, companies are now coming up with metal-free eco-friendly marine coatings. This step can help the global marine coatings market overcome the persisting constraints.
Asia Pacific leads the global marine coatings market followed by Europe, Middle East & Africa and North America in the mentioned order. Huge numbers of new shipbuilding and dry-docking in Asia Pacific has made it the global leader of the marine coatings market. The key players in global marine coatings market include AkzoNobel NV, Chugoku Marine Paints Ltd, Hempel A/S, Jotun A/S, KCC Corporation, Kansai Paint Co. Ltd, Nippon Paint, PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Company.
Decision Databases is involved in providing research reports and company profiles of the global marine coatings market in terms of revenue and output/volume. Market drivers, opportunities and restraints, which influence this market are thoroughly studied. This study is further utilized for the overall analysis of the market. The marine coatings market is segmented based on the global applications, geographic presence, by-products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our marine coatings profiles.
SEGMENTATION IN THE REPORT:
Marine Coatings By Product Types:
1. INTRODUCTION TO THE MARINE COATINGS MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF MARINE COATINGS
4. MARINE COATINGS MARKET ANALYSIS BY PRODUCT TYPES
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