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Global Leisure Anti Fouling Coatings Market By Type, Application, and Analysis
The Leisure Anti Fouling coating market forecast will surpass $2,099.6 million by 2027, increasing from $1,235 million in 2020, at a CAGR of 6.9%.
A type of specialized coating that is usually applied on ship or boat hulls to inhibit organism growth on the hull is called as Antifouling coating. It greatly affect its durability and performance due to the presence of organisms in this part of the vessel.
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Market Drivers
Leisure Antifouling coating became a crucial critical business as a result of the necessity to import and fare products, which was sparked by globalisation particularly for the plan and development of maritime vessels.
To satisfy increased demand from Application, producers are focusing on microorganisms, plants, or green growth accumulate in its structure which is further called biofouling.
Moreover, as a growing number of countries throughout the world open their borders to global trade, demand for Leisure antifouling coating market products is expected to rise in the coming years.
Market Restraints
The environment-friendly nature of coatings market, as well as new-age antifouling coatings contain special chemicals such as biocides, organotin compounds, copper, are consider to be main reasons limiting the market's growth.
For instance, usage of chemicals containing tributyltin has been banned due to high level of toxicity.
However, Growing economies in developing nations, an increase in the number of coppers, has negative impacts on maritime flora and fauna, thus companies in this area are looking for ways to limit its use in Leisure antifouling coatings.
Market Segmentation
Leisure Anti fouling Coatings Market sis segmented into major 3 categories. Based on Type, the market is segmented into copper-based, Self-Polishing Copolymer, Hybrid, Others. Based on Applications, the market is segmented into Towboats, Fishing Boats, Sailboats, Cabin Cruisers, Pontoon Boats, Yachts. Based on country, the market is segmented into UK, Japan, France, USA, Germany, Italy.
Regional Analysis
The Europe marine coatings market report provides an impartial and full analysis of the on-going European marine coatings market trends, high growth areas. Overall Europe Marine Coatings Market share, United Kingdom has accounted major share in 2018 and is anticipated to lead during the forecast period. Also, Spain and Belgium are likely to be the main revenue-generating countries over the coming years.
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Market Key Players
Some of the key players operating in Global Leisure Anti Fouling Coatings Market are Akzo Nobel N.V., BASF S.E., Nippon Paint Marine Coatings Co. Ltd., PPG Industries Inc, The Sherwin-Williams Company, Jotun, Hempel A/S, Chugoku Marine Paints Ltd., Boero Yacht coatings, Kop-Coat Marine Group (Pettit Marine Paint).
Industry development
In December 2020, AkzoNobel N.V. is expanding its foothold in the North American yacht coatings market by acquiring New Nautical Coatings, the owner of the premium Sea Hawk brand.
In June 2020, BASF's new virtual AUVOTs show automotive coatings in a digital environment. One of the most complicated colour themes is automotive paint. BASF's Coatings division designers created virtual "AUVOT" (Automotive Vehicles of Trends) shapes to gain a realistic impression of colours, effects, and surfaces on a complete car during the early design phase.
In February 2020, Boero Yachtcoatings announces their technical partnership with the prestigious Yacht Club Italiano. A partnership which will offer support and visibility to various events such as regattas, cultural events and educational activities for everybody who is passionate about the sea and sailing.
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Antifouling Coating Market Development, Segment by Type, Region, Current Situation Market Size, Market Industry Market Forecast 2030
Antifouling Coating Market 2022-2030
The Antifouling Coating Market report is latest report published by Fusion Market Research which provides comprehensive information, overview of the demands and describe Impact of Covid-19 on the market during the forecast period 2022–2030.
At the beginning of a recently published report on the global Antifouling Coating Market, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the global Antifouling Coating Market.
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The report offers detailed coverage of Antifouling Coating industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Antifouling Coating by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
First, this report covers the present status and the future prospects of the global Antifouling Coating market for 2016-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
At the same time, we classify Antifouling Coating according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Finally, the report provides detailed profile and data information analysis of leading Antifouling Coating company.
Leading players of Antifouling Coating including:
AkzoNobel (Netherlands)
Hempel (Denmark)
Jotun (Norway)
PPG Industries (U.S.)
Sherwin-Williams (U.S.)
Advanced Marine Coatings (U.S.)
BASF(Germany)
Chugoku Marine Paints (Japan)
DuPont (U.S.)
Kansai Paint (Japan)
Nippon Paint Holdings (Japan)
Antifouling Coating Market split by Type, can be divided into:
Conact Type
Dosage Form
Diffusion Type
Self Throwing Type
Antifouling Coating Market split by Application, can be divided into:
Drilling Rigs & Production Platforms
Constructions
Shipping Vessels
Others
Antifouling Coating Market Report Scope
Report AttributeDetails
Base year of estimation2021
Historical data2017 – 2020
Forecast period2022 – 2030
Quantitative unitsRevenue in USD million/billion and CAGR from 2022 to 2030
Segmentation
By Type
By Application
By Region/Country
By Type Conact Type, Dosage Form, Diffusion Type, Self Throwing Type
By Application Drilling Rigs & Production Platforms, Constructions, Shipping Vessels, Others
Report coverageRevenue forecast, company market share, competitive landscape, growth factors, and trends
Key companies profiledAkzoNobel (Netherlands), Hempel (Denmark), Jotun (Norway), PPG Industries (U.S.), Sherwin-Williams (U.S.), Advanced Marine Coatings (U.S.), BASF(Germany), Chugoku Marine Paints (Japan), DuPont (U.S.), Kansai Paint (Japan), Nippon Paint Holdings (Japan)
Regional scope
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2020, 2021, 2022, 2025, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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Marine Coatings Market 2021 To See Worldwide Massive Growth, COVID-19 Impact Analysis, Industry Trends, Forecast 2027
Marine Coatings Market Overview:
The competitive landscape is an important component that every crucial player should be aware of. The research illuminates the competitive landscape of the worldwide Marine Coatings market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. In addition, major parameters such as business size, market share, market growth, revenue, production volume, and profitability are examined in the report.
Marine Coatings consist of two or more rudiments from the same or different periodic table collections. They are created using a variety of deposition processes, including chemical vapor confession, atomic layer deposition, and others. To name a few, they have high malaise and heat resistance, augmented frequency, high magnetic sensitivity, faster operation, and optoelectronic topographies.
Marine Coatings Market Scope:
The research helps determine consumer preferences and purchasing habits, as well as how much your potential customers spend annually on the items or services you wish to offer and the size of your company's potential market. The MMR research also supports the knowledge of Marine Coatings Market dynamics and structure by examining market segments and determining market size. The research is an investor's guide because it clearly displays a competitive analysis of significant organizations in the Marine Coatings Market by kind, price, financial condition, product portfolio, growth strategies, and geographical presence.
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Key Players in 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)
• KCC
• Hempel
• Cabot Corporation.
• Carboline Company
• Delta T & Protective Products.
• EXCEL India Protective Paints Pvt. Ltd.
• General Coatings;
• Lincoln Industries
• Mascoat
• Mathur Corr Tech Private Limited.
To Get A Detailed Report Summary and Research Scope of Marine Coatings Market Click here: https://www.maximizemarketresearch.com/market-report/marine-coatings-market/2058/
Marine Coatingss Market Segmentation:
by Resin:
• Epoxy
• Alkyd
• Polyurethane
by Product Type:
• Anti-Corrosion Coatings
• Antifouling Coatings
by Application:
• Cargo Ships
• Passenger Ships
• Boats
The Impact of COVID-19 on the Marine Coatings Market:
Major Tier I and II players in the Marine Coatings market comprise Nichia, Samsung Electronics, Qorvo, and Skyworks. These companies have industrialised accommodations in the Asia Pacific, Europe, North America, and the rest of the world. COVID-19 has also had an impact on their productions. Due to the COVID-19 pandemic, Samsung Electronics postponed operations in South Korea in March 2020, as well as in India for nearly 45 days in March and April 2020. Qorvo proclaimed in March 2020 that it has reduced its leadership for the January to March 2020 quarter and expects revenue to fall as the COVID-19 outbreak has wedged smartphone supply and customer ultimatum more than expected.
About Maximize Market Research:
Maximize Market Research, a global market research firm with a dedicated team of experts and data, has conducted extensive research on the Marine Coatings market. Maximize Market Research is well-positioned to estimate and forecast market size while taking the competitive landscape of the sectors into account. Maximize Market Research has a strong unified team of industry professionals and analysts across sectors to ensure that the entire Industry ecosystem is taken into account, taking into account all current developments, newest trends, and futuristic technology influence of distinctively specific industries. The company's technique is specifically tailored to the agreed-upon scope and purpose of the study.
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Marine Coatings Market Revenue | Key Player profile, Trends, Size, Growth, Demand and Regional Outlook by 2030
Marine coatings are used in a wide range of applications owing to their excellent properties such as chemical resistance, corrosion resistance, and UV resistance, among others. The rising growth of the oil and gas and tourism industry across the globe is substantially affecting the growth of the marine coatings market.
The global marine coatings market has been driven by a range of application such as vessels, yachts, cruise liners, oil rigs, bridges, and other offshore structures. Moreover, it is estimated that the polyurethane resin segment is set to witness the highest growth due to its low VOC content, low-temperature flexibility, and high corrosion & abrasion resistance among others which makes it ideal for various marine coatings applications.
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Market Segmentation:
The global marine coatings market is segmented into resin type, product type, and application. On the basis of the product type, the market is segregated into anti-corrosion marine coatings, antifouling coatings, and others. On the basis of resin type, the market is bifurcated into epoxy, alkyd, polyurethane, and others. The market by application industry is further categorized into cargo ships, passenger ships, boats, and others.
Market Scenario:
The cargo ship application segment is anticipated to observe a higher CAGR during the forecast period. The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth.
Regional Analysis:
The global marine coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, has boosted the use of marine coatings in the oil and gas industry. Moreover, the development of Chabahar in Afghanistan is expected to increase the inflow and outflow of goods from India which in turn will substantially contribute to the growth of marine coatings market during the forecast years. Furthermore, the emergence of China has a major shipping hub coupled with the development of ports in the region are other factors contributing to the market growth.
The European region is estimated to witness a significant growth in the countries owing to burgeoning oil & gas and tourism industry. The growing shipping industry coupled with the increasing demand for cruise liners and yachts are other factors adding to the market growth.
The North American marine coatings market is mainly driven by the U.S. and Canada. The developed industries in the U.S has contributed to substantially to the inflow and outflow of goods from the region, in turn propelling the shipping trade which is another factor driving the market growth of marine coatings.
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Competitive Analysis:
Some of the prominent players operating in the global marine coatings market PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF SE (Germany) among others..
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More PCCs look to Nippon Paint Marine's Fastar hull coating
More PCCs look to Nippon Paint Marine’s Fastar hull coating
Nippon Paint Marine’s new antifouling system FASTAR has been applied to a 18,891dwt Pure Car Carrier (PCC), representing the fourth application of the novel nano domain coating to this ship type.
Since market introduction in January this year, the high-performing, self-polishing antifouling system has been applied to more than 60 vessels, including bulk carriers, chemical carriers, VLCCs,…
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Marine Coatings Market Shows Strong Growth with Leading Players
Marine coatings market will reach an estimated valuation of USD 7.92 billion by 2028, while registering this growth at a rate of 8.0% for the forecast period of 2021 to 2028.To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings.
Key Market Competitors:
Few of the major competitors currently working in marine coating market are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings Corporation, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr-Tech Private. Limited., Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions.
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They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.
Segmentation: Global Marine Coatings Market
· By Resin (Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, Fluoropolymer)
· By Product Type (Anti- Corrosion Coating, Antifouling Coating)
· By Applications (Cargo Ships, Passenger Ship, Boat)
· By Marine Segment (Dry Docking, New Shipbuilding)
· By End- Use (Marine, Oil & Gas, Industrial, Construction, Energy and Power, Transportation),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global marine coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Requirement for the repairing and maintenance of the ship is driving the growth of the market
· They are excellent oil, water, chemical and weather resistance.
Market Restraints:
· The strict environmental regulation on the production of the protective coating is restraining the growth of this market.
· Increasing cost of the raw materials is restraining market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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Opacifiers Market
Packaging Coatings Resins Market
#Marine Coatings Market#Marine Coatings#Marine Coatings Market Trends#Marine Coatings Market industry#Marine Coatings Market News
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Antifouling Coating Market Growth Analysis And Opportunities Forecast Report till 2022
September 17, 2021: Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.
Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth.
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Application Insights
In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.
Regional Outlook
In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs.
China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.
In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favourable government programs along with growing shipping sector in India is anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy.
In 2014, MEA antifouling coatings market was estimated at USD 22.3 million. With the capital expenditure on a rise majorly attributing to development of offshore vessels in Nigeria, Angola and the market is expected to escalate the usage of this product over the coming years.
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Competitive Insights
Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products.
GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future.
Research and Developments in the coatings market including the natural materials from palm oil for instance, may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.
Market Segment:
Application Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
• Shipping Vessels
• Drilling Rigs & Production Platforms
Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Latin America
• Brazil
• Middle East Africa (MEA)
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Marine Coatings Market Research Report with Outlook, Strategies, Challenges, Geography Trends
Marine coatings market will reach an estimated valuation of USD 7.92 billion by 2028, while registering this growth at a rate of 8.0% for the forecast period of 2021 to 2028.To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings.
Key Market Competitors:
Few of the major competitors currently working in marine coating market are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings Corporation, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr-Tech Private. Limited., Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions.
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They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.
Segmentation: Global Marine Coatings Market
· By Resin (Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, Fluoropolymer)
· By Product Type (Anti- Corrosion Coating, Antifouling Coating)
· By Applications (Cargo Ships, Passenger Ship, Boat)
· By Marine Segment (Dry Docking, New Shipbuilding)
· By End- Use (Marine, Oil & Gas, Industrial, Construction, Energy and Power, Transportation),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global marine coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Requirement for the repairing and maintenance of the ship is driving the growth of the market
· They are excellent oil, water, chemical and weather resistance.
Market Restraints:
· The strict environmental regulation on the production of the protective coating is restraining the growth of this market.
· Increasing cost of the raw materials is restraining market growth
Want Full Report? Enquire Here @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-marine-coatings-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Opacifiers Market
Packaging Coatings Resins Market
#Marine Coatings Market#marine coatings#Marine Coatings Market Trends#Marine Coatings Market Industry#Marine Coatings Market News#Marine Coatings Market research
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Marine Coatings Market is Booming Market to Rapidly Growing a Highest CAGR of 8.0% by 2028
Marine coatings market will reach an estimated valuation of USD 7.92 billion by 2028, while registering this growth at a rate of 8.0% for the forecast period of 2021 to 2028.To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings.
Key Market Competitors:
Few of the major competitors currently working in marine coating market are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings Corporation, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr-Tech Private. Limited., Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-marine-coatings-market
They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.
Segmentation: Global Marine Coatings Market
· By Resin (Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, Fluoropolymer)
· By Product Type (Anti- Corrosion Coating, Antifouling Coating)
· By Applications (Cargo Ships, Passenger Ship, Boat)
· By Marine Segment (Dry Docking, New Shipbuilding)
· By End- Use (Marine, Oil & Gas, Industrial, Construction, Energy and Power, Transportation),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global marine coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Requirement for the repairing and maintenance of the ship is driving the growth of the market
· They are excellent oil, water, chemical and weather resistance.
Market Restraints:
· The strict environmental regulation on the production of the protective coating is restraining the growth of this market.
· Increasing cost of the raw materials is restraining market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Opacifiers Market
Packaging Coatings Resins Market
#Marine Coatings Market#Marine Coatings#Marine Coatings Market Trends#Marine Coatings Market Industry#Marine Coatings Market News#Marine Coatings Market Research#Marine Coatings Market Analysis
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Antifouling Coating Market - Industry Size, Growth, Analysis, Applications, Opportunities and Forecasts to 2022
12th March 2021 – Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.
Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth. In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.
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In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs. China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.
In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favorable government programs along with growing shipping sector in India are anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy. In 2014, MEA antifouling coatings market was estimated at USD 22.3 million. With the capital expenditure on a rise majorly attributing to development of offshore vessels in Nigeria, Angola and the market is expected to escalate the usage of this product over the coming years.
Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products. GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future. Research and Developments in the coatings market including the natural materials from palm oil for instance, may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.
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Marine Coatings Industry Overview | Size, Share, Segments, Trends, Demand, Key Player profile and Regional Outlook by 2030
Marine coatings are used in a wide range of applications owing to their excellent properties such as chemical resistance, corrosion resistance, and UV resistance, among others. The rising growth of the oil and gas and tourism industry across the globe is substantially affecting the growth of the marine coatings market.
The global marine coatings market has been driven by a range of application such as vessels, yachts, cruise liners, oil rigs, bridges, and other offshore structures. Moreover, it is estimated that the polyurethane resin segment is set to witness the highest growth due to its low VOC content, low-temperature flexibility, and high corrosion & abrasion resistance among others which makes it ideal for various marine coatings applications.
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Market Segmentation:
The global marine coatings market is segmented into resin type, product type, and application. On the basis of the product type, the market is segregated into anti-corrosion marine coatings, antifouling coatings, and others. On the basis of resin type, the market is bifurcated into epoxy, alkyd, polyurethane, and others. The market by application industry is further categorized into cargo ships, passenger ships, boats, and others.
Market Scenario:
The cargo ship application segment is anticipated to observe a higher CAGR during the forecast period. The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth.
Regional Analysis:
The global marine coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, has boosted the use of marine coatings in the oil and gas industry. Moreover, the development of Chabahar in Afghanistan is expected to increase the inflow and outflow of goods from India which in turn will substantially contribute to the growth of marine coatings market during the forecast years. Furthermore, the emergence of China has a major shipping hub coupled with the development of ports in the region are other factors contributing to the market growth.
The European region is estimated to witness a significant growth in the countries owing to burgeoning oil & gas and tourism industry. The growing shipping industry coupled with the increasing demand for cruise liners and yachts are other factors adding to the market growth.
The North American marine coatings market is mainly driven by the U.S. and Canada. The developed industries in the U.S has contributed to substantially to the inflow and outflow of goods from the region, in turn propelling the shipping trade which is another factor driving the market growth of marine coatings.
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Competitive Analysis:
Some of the prominent players operating in the global marine coatings market PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF SE (Germany) among others..
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Nippon Marine Paint's Aquaterras wins environmental award
Nippon Marine Paint’s Aquaterras wins environmental award
Nippon Paint Marine Coatings revolutionary ships’ hull coating AQUATERRAS on Thursday won the Green4Sea Technology Award in an online-only event attended by the company’s President Seiichiro Shirahata.
The paint system, currently the world’s first and only completely biocide free, self-polishing (SPC) antifouling paint, came top in a global poll for making a “significant technological…
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Marine Coatings Market is Booming Market to Grow at Healthy CAGR forecast by 2028
Marine coatings market will reach an estimated valuation of USD 7.92 billion by 2028, while registering this growth at a rate of 8.0% for the forecast period of 2021 to 2028.To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings.
Key Market Competitors:
Few of the major competitors currently working in marine coating market are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings Corporation, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr-Tech Private. Limited., Nippon Paint Holdings Co., Ltd., NPP Engineering, Sharpshell Industrial Solutions.
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They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.
Segmentation: Global Marine Coatings Market
· By Resin (Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, Fluoropolymer)
· By Product Type (Anti- Corrosion Coating, Antifouling Coating)
· By Applications (Cargo Ships, Passenger Ship, Boat)
· By Marine Segment (Dry Docking, New Shipbuilding)
· By End- Use (Marine, Oil & Gas, Industrial, Construction, Energy and Power, Transportation),
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis:
Global marine coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of marine coating market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Drivers:
· Requirement for the repairing and maintenance of the ship is driving the growth of the market
· They are excellent oil, water, chemical and weather resistance.
Market Restraints:
· The strict environmental regulation on the production of the protective coating is restraining the growth of this market.
· Increasing cost of the raw materials is restraining market growth
Want Full Report? Enquire Here @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-marine-coatings-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key Market players involved in this industry
· Detailed analysis of the Market Segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Opacifiers Market
Packaging Coatings Resins Market
#Marine Coatings Market#Marine Coatings#Marine Coatings Market Trends#Marine Coatings Market Industry#Marine Coatings Market News#Marine Coatings Market Research#Marine Coatings Market analysis
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