Press Resease

Marine Coatings Market by Product Type (Anti-Fouling Coatings, Anti-Corrosive Coatings, and Others) and by Source Type (Epoxy-Based Marine Coatings, Polyurethane-Based Marine Coatings and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 26-Jul-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1495 Status : Published

Global marine coatings market expected to generate revenue of around USD 4.40 billion by the end of 2024, growing at a CAGR of around 3.74% between 2018 and 2024. The ascent in the international worldwide exchange and trade has brought about expanding utilization of sea and ocean routes for doing the different exchange and trade activities across the world.

Description

The report covers forecast and analysis for the marine coatings market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the marine coatings market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the marine coatings market on a global level.

In order to give the users of this report a comprehensive view of the marine coatings market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the product type segment and chemistry segment are benchmarked based on their market size, growth rate, and general attractiveness.

Global Marine Coatings Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.

The study provides a decisive view of the marine coatings market by segmenting the market based on product type, chemistry, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for marine coatings market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as AkzoNobel, Jotun, Kansai Paint, KCC Corp., RPM International, Chugoku, BASF, PPG, Hempel, Nippon Paint, Sherwin-Williams, and DuPont among others.    

This report segments the global Marine coatings market as follows:
Global Marine Coatings Market: Product Type Segment Analysis

  • Anti-Fouling Coatings
  • Anti-Corrosive Coatings 
  • Others

Global Marine Coatings Market: Chemistry Segment Analysis

  • Polyurethane-Based Marine Coatings
  • Epoxy-Based Marine Coatings
  • Others 

Global Marine Coatings Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Marine Coatings Market, 2016 - 2024 (USD Billion )
    • 2.2. Global Marine Coatings Market: snapshot
  •  
  • Chapter 3. Marine Coatings Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global marine coatings market drivers: impact analysis
      • 3.2.2. Reduction In Fuel Consumption
      • 3.2.3. Rising need to preserve flora and fauna that reside within water
      • 3.2.4. Increasing need to protect the marine vessels from weathering, corrosion, and fouling
    • 3.3. Market Restraints
      • 3.3.1. Global marine coatings market restraints: impact analysis
      • 3.3.2. Fluctuating raw material prices
      • 3.3.3. Environmental regulations
    • 3.4. Opportunities
      • 3.4.1. Rapid technological advancements in marine coating technology
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by material product type segment
      • 3.6.2. Market attractiveness analysis, by chemistry segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Marine Coatings Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global marine coatings market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Marine Coatings Market- Product Type Segment Analysis
    • 5.1. Global marine coatings market: product type overview
      • 5.1.1. Global marine coatings market revenue share, by product type, 2016 and 2024
    • 5.2. Anti-Fouling Coatings
      • 5.2.1. Global marine coatings market for anti-fouling coatings market, 2016 - 2024 (USD Billion )
    • 5.3. Anti-Corrosive Coatings
      • 5.3.1. Global marine coatings market for anti-corrosive coatings market, 2016 - 2024 (USD Billion )
    • 5.4. Others
      • 5.4.1. Global marine coatings market for others market, 2016- 2024 (USD Billion )
  •  
  • Chapter 6. Global Marine Coatings Market- Chemistry Segment Analysis
    • 6.1. Global Marine coatings market: chemistry overview
      • 6.1.1. Global marine coatings market revenue share, by chemistry, 2016 and 2024
    • 6.2. Epoxy-Based Marine Coatings
      • 6.2.1. Global marine coatings market for epoxy-based marine coatings market, 2016- 2024 (USD Billion )
    • 6.3. Polyurethane-Based Marine Coatings
      • 6.3.1. Global marine coatings market for polyurethane-based marine coatings market, 2016- 2024 (USD Billion )
    • 6.4. Others
      • 6.4.1. Global marine coatings market for others market, 2016- 2024 (USD Billion )
  •  
  • Chapter 7. Global Marine coatings Market- Regional Segment Analysis
    • 7.1. Global Marine coatings market: regional overview
      • 7.1.1. Global marine coatings market revenue share, by region, 2016 and 2024
    • 7.2. North America
      • 7.2.1. North America marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
      • 7.2.2. North America marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.2.3.2. U.S. marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.2.4. Canada
        • 7.2.4.1. Canada marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.2.4.2. Canada marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.2.5. Mexico
        • 7.2.5.1. Mexico marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.2.5.2. Mexico marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
    • 7.3. Europe
      • 7.3.1. Europe marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
      • 7.3.2. Europe marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.3. UK
        • 7.3.3.1. UK marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.3.2. UK marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.4. Germany
        • 7.3.4.1. Germany marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.4.2. Germany marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.5. France
        • 7.3.5.1. France marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.5.2. France marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.6. Spain
        • 7.3.6.1. Spain marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.6.2. Spain marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.7. Russia
        • 7.3.7.1. Russia marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.7.2. Russia marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.3.8. Italy
        • 7.3.8.1. Italy marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.3.8.2. Italy marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
      • 7.4.2. Asia Pacific marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.4.3. China
        • 7.4.3.1. China marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.3.2. China marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.4.4. Japan
        • 7.4.4.1. Japan marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.4.2. Japan marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.4.5. India
        • 7.4.5.1. India marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.5.2. India marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
        • 7.4.5.3. India marine coatings market revenue, by application, 2016- 2024 (USD Billion )
      • 7.4.6. Southeast Asia
        • 7.4.6.1. Southeast Asia marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.6.2. Southeast Asia marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.4.7. Australia
        • 7.4.7.1. Australia marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.7.2. Australia marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.4.8.2. South Korea marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
    • 7.5. Latin America
      • 7.5.1. Latin America marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
      • 7.5.2. Latin America marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.5.3.2. Brazil marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
      • 7.6.2. Middle East and Africa marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.6.3. GCC Countries
        • 7.6.3.1. GCC Countries marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.6.3.2. GCC Countries marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
      • 7.6.4. South Africa
        • 7.6.4.1. South Africa marine coatings market revenue, by product type , 2016- 2024 (USD Billion )
        • 7.6.4.2. South Africa marine coatings market revenue, by chemistry, 2016- 2024 (USD Billion )
  •  
  • Chapter 8. Company Profile
    • 8.1. AkzoNobel
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Jotun
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Kansai Paint
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. KCC Corp.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. RPM International
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Chugoku
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. BASF
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. PPG
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Hempel
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Nippon Paint
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Sherwin-Williams
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. DuPont
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments

Methodology

Free Analysis

A coating is a kind of layer of any substance that is spread over a surface to shield the substance from external damage and furthermore it used to enhance its appearance. Coatings contrast in their shape, measure, use, application, and functionalities as their assembling and creation strategies are not the same. Marine coatings are the exceptional sort of defensive coatings which are connected on the surface of the boats, travels, vessels, yachts, and other seaward structures, for example, oil apparatuses and spans that are generally presented to the ocean water conditions. The marine coatings assist the articles with protecting against consumption, fouling, and oozes. By applying marine coatings, the durability of object increases. The coatings hold fast to all intents and purposes any surface and make them impenetrable to water. Marine coatings likewise help in averting UV radiation harm for the items over the waterline. There are a couple of parameters influencing covering applications, for example, film thickness, strategy for an application, and natural controls, among others.
 
Marine coatings are encountering the most noteworthy development rate in developed and developing nations. The increasing requirement for dry-docking of load and ship vessels followed by new shipbuilding exercises and the development in offshore drilling is fueling the development of marine coatings market. As the shipping over the area is developing gradually, this lays a positive effect in the development of worldwide marine coatings market. The rising need and requirement for low fuel utilization will improve the interest for anti-fouling and anti-corrosive agents which additionally boosts the market development. Fuel utilization represents half of the general working expenses of the ship. Due to the essence of fouling development on the vessel body because of the settling of a few marine life forms and microscopic organisms, the general fuel utilization and carbon dioxide discharge may climb by up to 40%. With the advancement of technology and innovation, over the period the protective coatings can be said as a vital contributor to safeguarding the capital investment in the structure of a vessel. Also, rising customer preference for green, eco-friendly, and sustainable items is a vital driver in the growth of the marine market. The changing client inclination for sustainability is because of rising environmental norms and regulations. Consequently, the manufacturers ought to take part in the production of marine covering in such a way along these lines, to the point that they accomplish the needs of buyers and in compliance to government standards and controls. Based on product type, the marine coatings market is categorized into anti-corrosive coatings, anti-fouling coatings, and others. Based on chemistry, the market is categorized into polyurethane-based marine coatings, epoxy-based marine coatings, and others. 

In 2017, Asia Pacific held substantial revenue share in the marine coatings market and the region is anticipated to continue with its regional supremacy over the forecast period. The development of the market in the Asia Pacific geographic area can be accounted for the growing interest and demand for marine coatings from different countries such as China, India, and South Korea. New technological innovations will boost the development of the market. The expansion of global trade through sea and ocean courses has expanded the number of bulk carriers, container ships, and general freight ships. This has enlarged the extent of the marine coatings market in the Asia Pacific. Additionally, rising concern to maintain those vessels subjected to harsh external and environmental conditions, repairs at sea, and new shipbuilding activities are the elements that are impacting the development of the marine coatings market in Asia Pacific region. 

Global Marine Coatings Market

Some of the industry players operating in the marine coatings market include AkzoNobel, Jotun, Kansai Paint, KCC Corp., RPM International, Chugoku, BASF, PPG, Hempel, Nippon Paint, Sherwin-Williams, and DuPont. 

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