The Marine Coatings Market Research Report provides Industry analysis and evaluation of the current & prospective Market Size, Share, Trend and Growth during the study period 2016-2023. 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.
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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.
Major player assessed in the report are :
– AkzoNobel N.V.
– Chugoku Marine Paints Ltd.
– Hempel A/S
– Jotun A/S
– KCC Corporation
– Kansai Paint Co. Ltd.
– Nippon Paint
– PPG Industries Inc.
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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SEGMENTATIONS IN REPORT :
1. Marine Coatings By Product Types :
– Anti-Corrosive Coatings
– Anti-Fouling Coatings
2. Marine Coatings By Chemistry :
– Epoxy Based
– Polyurethane Based
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