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Analysis of Global Marine Coatings Market - Forecast to 2025 - ResearchAndMarkets.com

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The "Analysis of Global Marine Coatings Market, Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Marine is one of the key industries of leading economies and caters to end-users including navy, merchants, passenger cruise owners etc. Ships and boats and related components and products that are in operation or are being manufactured require a variety of highly specific and durable coatings for various applications on different above and below waterline components. Such products are collectively referred to as marine coatings in this study.

The marine coatings market in this study is analyzed for end-users including new shipbuilders and maintenance. The major vessel types Large Vessels (cargo & passenger and naval), Leisure Boats (yachts and other pleasure crafts), and Fishing Vessels and Boats. Major chemistries include epoxy, polyurethane, alkyd, and others for anti-corrosion coatings, and acrylates and silicones & fluorosilicones for antifouling coatings. Coatings are selected for an application based on a variety of requirements such as corrosion resistance, resistance to fuels and other chemicals, stability under various temperature ranges and pressure conditions, resistance to humidity, and resistance to biofouling. The requirements vary depending on the end application. Coatings formulations are required to be UV resistant with durable color retention for above waterline exterior applications, and greater corrosion and chemical resistant for structural applications.

Asia Pacific is the largest market for the marine sector with huge shipbuilding and maintenance bases in countries including China, South Korea, and Japan. The shipping industry in Europe is dynamic and competitive from both economic and social perspectives and contributes significantly to the marine coatings market. The region holds more than 140 large shipyards and about a third of these are active in the global market catering to large seagoing commercial vessels.

The market for marine coatings is greatly impacted by megatrends such economic slowdown in key markets and countries and stringent environmental regulations mandating the use of lower volatile organic compound (VOC) emitting and harmful biocide and other metal-containing coatings. However, market growth may gain from the increasing use of advanced antifouling coatings that are priced higher than the conventional coatings in the coming few years.

The marine coatings market is highly competitive among large and global manufacturers. The competitive environment in the market is highly skewed towards the larger market participants who increasingly engage in mergers and acquisitions and joint ventures among themselves and also smaller companies to acquire new products, technologies, and market shares due to which the market points towards further consolidation in the coming few years. Manufacturers engage in continuous product development activities based on the changing market needs and regulatory environment. By establishing long term relationships with their customers, manufacturers try to ensure that they are equally proactive and reactive to the various requirements of this industry.

Marine coatings face regulatory pressures from organizations such as International Maritime Organization (IMO), US Environmental Protection Agency (US EPA), and REACH that mandate the use of products with lower VOC emissions and eliminate the use of heavy metals. There is an increasing trend of customers moving to higher solids aerospace coatings and waterborne coatings for want of lower volatile organic compound (VOC) emissions, better specifications, and durability. Manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency. Customers are increasingly looking for products that are easier to apply, impart greater fuel efficiency by reducing drag, and regulatory compliant.

Key Topics Covered:

1. Executive Summary

  • Key Findings
  • Executive Summary - Strategic Factsheet
  • Market Engineering Measurements
  • CEO's Perspective

2. Market Overview

  • Market Definitions
  • Geographic Scope
  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation

3. Drivers and Restraints - Total Marine Coatings Market

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends - Total Marine Coatings Market

  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Volume Shipment Forecast
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Percent Volume Shipment Forecast by Region
  • Volume Shipment Forecast by Region
  • Volume Shipment and Revenue Forecast Discussion by Region
  • Percent Revenue Forecast by Vertical Market
  • Revenue Forecast by Vertical Market
  • Percent Volume Shipment Forecast by Vertical Market
  • Volume Shipment Forecast by Vertical Market
  • Volume Shipment and Revenue Forecast Discussion by Vertical Market
  • Key Product and Technology Trends
  • Value Chain
  • Value Chain Description
  • Marine Coatings - Regulations

5. Market Share and Competitive Analysis - Total Marine Coatings Market

  • Market Share
  • Competitive Environment
  • Competitive Factors and Assessment

6. Growth Opportunities and Companies to Action

  • Growth Opportunity 1 - Increased Defense Spending
  • Growth Opportunity 2 - Export-Oriented Shipbuilding in Latin America
  • Strategic Imperatives for Success and Growth

7. Vertical Market Analysis - Anti-corrosion Coatings

  • Market Overview
  • Market Engineering Measurements
  • Volume Shipment and Revenue Forecast
  • Volume Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Volume Shipment Forecast by Chemistry
  • Percent Volume Shipment Forecast Discussion by Chemistry
  • Percent Volume Shipment Forecast by Technology
  • Competitive Environment

8. Vertical Market Analysis - Antifouling Coatings

  • Market Overview
  • Market Engineering Measurements
  • Volume Shipment and Revenue Forecast
  • Volume Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Pricing Trends and Forecast Discussion
  • Percent Volume Shipment Forecast by Chemistry
  • Percent Volume Shipment Forecast Discussion by Chemistry
  • Percent Volume Shipment Forecast by Technology
  • Competitive Environment

9. North America Breakdown

10. Europe Breakdown

11. Asia-Pacific Breakdown

12. Rest of World Breakdown

13. The Last Word

Companies Mentioned

  • AkzoNobel N.V.
  • Chugoku Marine Paints
  • Hempel A/S
  • International Maritime Organization (IMO)
  • Jotun
  • PPG Industries
  • REACH
  • US Environmental Protection Agency (US EPA)

For more information about this report visit https://www.researchandmarkets.com/r/j62ag0

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