Marine Coatings Market play a very important role in marine vessels, protecting them from surface abrasions and preventing damage due to corrosion. Marine Coatings Market do more than just provide protection, they add aesthetic value as well. Various coatings come in different colors and materials that may help make vessel look more stylish. Marine Coatings Market mainly have specific functionality to safeguard ships and other marine vessels below and above the waterline. Some of these coatings also serve to enhance the performance and efficiency of the vessels themselves.
Rising demand for coatings from ship repair and maintenance activities is a prime factor driving growth of the Marine Coatings Market market. Moreover, rising need for fuel-saving and low emission coatings is again expected to augment growth of the market.
On the other hand, fluctuating price of raw material is expected to hinder growth of the market.
Key features of the study:
- This report provides in-depth analysis of the Marine Coatings Market market, and provides market size (US$ Million and Kilo tons) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Marine Coatings Market market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include AkzoNobel N.V., Chugoku Marine Paints Ltd., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint, PPG Industries Inc, RPM International Inc., and The Sherwin-Williams Company
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global Marine Coatings Market market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Marine Coatings Market market
- Global Marine Coatings Market, By Product Type:
- Anti-fouling coatings
- Anti-corrosion coatings
- Foul release coatings
- Global Marine Coatings Market, By Application:
- Deep sea
- Leisure boats
- Offshore vessels
- Global Marine Coatings Market, By Region:
- North America
- By Country
- Rest of Europe
- Asia Pacific
- By Country
- Rest of Asia Pacific
- Rest of World.
- Company Profiles
- AkzoNobel N.V.
- Chugoku Marine Paints Ltd.
- Hempel A/S
- Jotun A/S
- Kansai Paint Co. Ltd.
- KCC Corporation
- Nippon Paint
- PPG Industries Inc
- RPM International Inc.
- The Sherwin-Williams Company