Global Marine Coatings Market research report offers you market size, industry growth, share, development trends, product demand, investment plans, business idea and forecasts to 2024. This report highlights exhaustive study of major market along with present and forecast market scenario with useful business decisions.
The global marine coatings market is expected to show a healthy growth, and the key driving factors responsible for the growth of marine coatings market are, the growth in the world trade, awareness among the consumers about hull protection, fuel efficiency of the vessel and the expansion of oil and gas sector in the off shore regions, new ship building facilities and the dry-docking activities tends to drive the market for marine coatings globally. The popularity of yacht and cruise ships among the people for leisure time is also contributing to the growth of marine coatings market. Somehow, the regulatory norms applied by the government for the use of VOC’s based marine coatings might pose as a restraint for the growth of global marine coatings market. To overcome the environmental restrains new technologies are being adopted by the manufacturers like more water based and less VOC’s content in the marine coatings which are trending in the global marine coatings market among the consumers. Faster drying marine coatings are also finding its popularity in the market.
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Marine coatings are the protective coatings applied on the surface of the ships, cruises, vessels, yachts and other offshore structures (oil rigs, bridges) exposed to the sea water and corrosive conditions. The marine coatings are applied on the above mentioned surfaces to protect against corrosion, fouling and slimes thus increasing the durability and life of the marine vessels and offshore structures. The need for dry-docking of vessels subsequently, new ship building activities and the growth in offshore drilling is propelling the growth of global marine coatings market. The shipping trade is also growing globally, which is one positive factor for the growth of global marine coatings market. The demand for VOC free and environment friendly marine coatings among the customers are gaining popularity, hence new trends are being employed by marine coatings manufacture to achieve this specifications of consumers and to comply with government norms. The global marine coatings market is expected to project a healthy CAGR over the period of forecast.
Top Companies covered in this report:
The Sherwin-Williams Company
Jotun A/S and more
Market Segment By Key Product Type:
Foul Release Coatings
Market Segment by Application Type:
New Build and Dry Dockings
Key questions answered in this report
What are the challenges to market growth?
Who are the key vendors in this market space?
What will the market size be in 2024 and what will the growth rate be?
What are the key market trends? What is driving this market?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents
Part 1 Market Overview
Part 2 Key Companies
Part 3 Global Market Status and Future Forecast
Part 4 Asia-Pacific Market Status and Future Forecast
Part 5 Europe Market Status and Future Forecast
Part 6 North America Market Status and Future Forecast
Part 7 South America Market Status and Future Forecast
Part 8 Middle East & Africa Market Status and Future Forecast
Part 9 Market Features
Part 10 Investment Opportunity
Part 11 Conclusion
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