Global Marine Coatings Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)
The global marine coating market has been estimated at USD XXX.X million in 2015 and is projected to reach USD XXXX.X million by 2020, at a CAGR of X.X% during the forecast period from 2015 to 2020. The global marine coatings market is a matured one. Marine coatings are applied to the surface of ship building materials ranging from fibers to metals for protecting them from exposure to harsh environment and to have fouling, corrosion, biocide and other properties.
Marine coatings have a wide variety of applications depending upon the type of resin and additives used. Various major companies around the world manufacture them. Marine coatings can be noticed in ships, sub-marines, boats, yachts, kayaks etc. as they are exposed to harsh sea water or fresh water depending on the usage.
Market Dynamics of the Global Marine Coatings Market:
Growing ship building industry in developing countries
Increasing usage of eco-friendly marine coatings
Developed regions of North America and Europe are regulating the marine emissions from coatings due to production of volatile organic compounds (VOC)
Market leaning towards ecofriendly coatings to meet the stricter regulations
The market has also been geographically segmented into APAC, North America, Europe, South America and MEA. In terms of consumption in 2015, APAC led the market, followed by Europe. This high production is driven by a rapid growth in transportation needs due to the active sea trading routes in developing countries of China and India.
Company profiles of the major marine coating manufacturers been discussed in this study, these include:
Chugoku Marine Pints
Wacker Chemie AG
Key Deliverables in the Study:
Market analysis for the global marine coating market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global marine coating market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.