Marine Coatings Market – Global Industry Analysis And Forecast (2019-2027)

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Marine Coatings Market was valued USD 8.84 Billion in 2019 and is expected to reach USD XX Billion by 2027 at a CAGR of XX %.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Marine coatings are waterproof protective layers that are applied to surfaces that are exposed to fresh or salt water to protect against corrosion, fouling and slimes thus increasing the durability and life of the marine vessels and offshore structures. Factors contributing to this market growth is the expansion of the oil and gas market. Marine coatings market has also been witnessing the growing consumer preference for eco-friendly products; however, strict environmental regulations could pose a challenge to the growth of this market.

Marine ...
... coatings market based on resin has been segmented into epoxy, alkyd, polyurethane, others. Epoxy segment is expected to be one of the major contributors for the market growth during the forecast period attributed to exceptional chemical and water-resistance offered by epoxy marine coatings with high durability and excellent adhesion to a several of substrates.

Marine coatings market based on product type has been segmented into anti-corrosion coatings, antifouling coatings and others. Antifouling coatings segment is expected to hold one of the largest shares of the market due to the ability of these coatings to reduce the growth of organisms on the underwater hull of the marine vessels and to reduce the fuel consumption by marine vessels.

Marine coatings market based on application has been categorized into cargo ships, passenger ships, boats and others. The boats segment of the marine coatings market is expected to grow at a high CAGR during the forecast period. Due to the increasing coastal and maritime tourism globally.

Geographically, the marine coatings market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia-Pacific represents the key market for marine coatings due to new shipbuilding industry and dry-dockings.

The objective of the report is to present comprehensive analysis of Marine Coatings market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Marine Coatings market dynamics, structure by analyzing the market segments, and project the Marine Coatings market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Marine Coatings market make the report investor’s guide.
Scope of the Marine Coatings Market Report:

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Marine Coatings Market, by Resin:

• Epoxy
• Alkyd
• Polyurethane
• Others
Marine Coatings Market, by Product Type

• Anti-Corrosion Coatings
• Antifouling Coatings
• Others
Marine Coatings Market, by Application

• Cargo Ships
• Passenger Ships
• Boats
• Others
Marine Coatings Market, by Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Marine Coatings Market:

• PPG Industries (US)
• Hempel (Denmark)
• AkzoNobel (Netherlands)
• Sherwin-Williams (US)
• Chugoku Marine Paints (Japan)
• Jotun (Norway)
• Nippon Paint (Japan)
• Axalta (US)
• Kansai Paint (Japan)
• BASF Coatings (Germany)

This Report Is Submitted By : Maximize Market Research Company

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