Marine Coatings Market Trends, Share, Size, Growth, Supply and Manufacturers Analysis Research Report

Global Marine Coatings Market is valued approximately at USD 3.46 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.20% over the forecast period 2019-2026. Marine coating is a type of protective coatings which is mainly utilized in the marine environment in order to protect the tankers, ships, vessels and other material from fresh water or saline water. A marine coating is applied owing to its specific functional properties such as it provides protection against corrosion, fouling and slimes; thereby increasing the durability of the marine vessels and offshore structures. Increasing shipbuilding activities and projects, reduction in fuel consumption and rise in consumer preference for eco-friendly products are the few factors responsible for high CAGR of the market over the forecast period.

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For instance, As of October 2017, UNCTAD (United Nations Conference on Trade and Development) estimated that the world seaborne trade would rise by 2.8% in 2017 compared to an increase of 2.6% in 2016. Also, according to International Marine Organization (IMO), around $60 billion in fuel, 384 million tons reduction in CO2 and 3.6 million tons in SOx emissions can likely be prevented by using antifouling marine coatings thereby, accelerating the growth of the market. Moreover, increasing demand from oil & gas industries along with advancement in marine coating technologies are the major factors likely to create lucrative growth opportunities to the market growth in the forecasting years. However, fluctuations in raw material prices is the prime factor restraining the growth of global marine coatings market during the forecast period of 2019-2026.

The regional analysis of global Marine Coatings Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the wide presence of shipbuilding industries as well as increasing freight demands from e-commerce giants across the region. However, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.

Major market player included in this report are:
Akzo Nobel NV
Hempel A/S
Jotun Group
Chugoku Marine Paints
Nippon Paint
Axalta Coating Systems
BASF Coatings
Kansai Paint Co., Ltd.
DuPont de Nemours, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Resin:

By Product Type:
Anti-Corrosion Marine Coatings
Antifouling Coatings

By Application
Cargo Ships
Passenger Ships

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Marine Coatings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Marine Coatings Market, by Resin, 2017-2026 (USD Billion)
1.2.2. Marine Coatings Market, by Product Type, 2017-2026 (USD Billion)
1.2.3. Marine Coatings Market, by Application, 2017-2026 (USD Billion)
1.2.4. Marine Coatings Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Marine Coatings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Marine Coatings Market Dynamics
3.1. Marine Coatings Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Marine Coatings Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Marine Coatings Market, by Resin
5.1. Market Snapshot
5.2. Global Marine Coatings Market by Resin, Performance – Potential Analysis
5.3. Global Marine Coatings Market Estimates & Forecasts by Resin 2016-2026 (USD Billion)
5.4. Marine Coatings Market, Sub Segment Analysis
5.4.1. Epoxy
5.4.2. Alkyd
5.4.3. Polyurethane
5.4.4. Others
Chapter 6. Global Marine Coatings Market, by Product Type
6.1. Market Snapshot
6.2. Global Marine Coatings Market by Product Type, Performance – Potential Analysis
6.3. Global Marine Coatings Market Estimates & Forecasts by Product Type, 2016-2026 (USD Billion)
6.4. Marine Coatings Market, Sub Segment Analysis
6.4.1. Anti-Corrosion Marine Coatings
6.4.2. Antifouling Coatings
6.4.3. Others
Chapter 7. Global Marine Coatings Market, by Application
7.1. Market Snapshot
7.2. Global Marine Coatings Market by Application, Performance – Potential Analysis
7.3. Global Marine Coatings Market Estimates & Forecasts by Application, 2016-2026 (USD Billion)
7.4. Marine Coatings Market, Sub Segment Analysis
7.4.1. Cargo Ships
7.4.2. Passenger Ships
7.4.3. Boats
7.4.4. Others
Chapter 8. Global Marine Coatings Market, Regional Analysis
8.1. Marine Coatings Market, Regional Market Snapshot
8.2. North America Marine Coatings Market
8.2.1. U.S. Marine Coatings Market Resin breakdown estimates & forecasts, 2016-2026

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