Zion Market Research, the market research group announced the analysis report titled ‘Marine Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Marine Coatings Market: Overview
The increasing need to protect the marine vessels from weathering, corrosion, and fouling has increased the demand for marine coatings. The rise in the rate of sea trade and the use of vessels for the amusement and leisure purposes have increased the demand for marine coatings. In the recent years, the wide range of coatings is used for maintaining the yachts, sub-marines, kayak, boats, and ships among others. The factor that has contributed to the increased demand of marine coatings is the emerging interest in building waterways for transportation, trade, and commerce.
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Global Marine Coatings Market: Segmentation
The global marine coatings market is segmented into its product type, chemistry, and regions. On the basis of the product type, the global market is segregated into anti-fouling coatings, anti-corrosive coatings, and others. Based on the chemistry, the market is categorized into polyurethane-based marine coatings, epoxy-based marine coatings, and others. Region-wise, the global marine coatings market is diversified into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Global Marine Coatings Market: Growth Factors
The demand for the marine coatings is anticipated to increase in the coming years owing to the increasing importance of efficiently consuming the fuel and the impact that is caused due to corrosion of ships. Moreover, there is need to preserve and prevent flora and fauna that reside within the waters from getting disturbed thus augmenting the sales of various types of marine coatings available in the global market. There has been an outbreak of environment-friendly coatings in the global market which offers a chance to the end users to be socially responsible by taking care of the vessels. The various types of marine coatings that are available in the global market are anti-corrosion, anti-fouling, foul release, and other coatings. The anti-fouling coatings segment is projected to dominate the global market in the coming years owing to the increasing rate of building activities, ship repairing, and overhauling.
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Global Marine Coatings Market: Regional Analysis
The escalating shipbuilding industry in Japan, China, and South Korea anticipates keeping the Asia Pacific marine coatings market at the front position. Furthermore, the rapidly increasing logistics market in this region will also support the regional market growth in the coming years. North America and Europe are also important regional players in the global marine market as the countries from both the regions are showing a keen interest in upgrading their naval fleets and cargo. Furthermore, other factors that are contributing to the growth of the marine coatings market include the inroads made by yachts and personal leisure boats enhance the overall marine transportation, which in turn increases the demand for the marine coatings.
Global Marine Coatings Market: Competitive Players
Some of the key market players that are involved in the marine coatings market are AkzoNobel, Jotun, Kansai Paint, KCC Corp., RPM International, Chugoku, BASF, PPG, Hempel, Nippon Paint, Sherwin-Williams, and DuPont.
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Marine Coatings Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
Our value reports provide full, in-depth analysis of the parent market including most significant changes in market dynamics; the report also presents a detailed overview on segmentation of this market. We managed to present as many important information in essential form – thanks to our report You will learn more about former, on-going, and projected market analysis in terms of volume and value, assessment of niche industry developments and Market share analysis. We have not forgotten to present key strategies for major players, emerging segments and regional markets and last but not least, testimonials to companies in order to fortify their foothold in the market.
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