Chemicals

Global Marine Coatings Market Is Estimated to Witness High Growth Owing To Rising Demand for Eco-Friendly Coatings

Rahul Kumar Yadav

Global Marine Coatings Market Is Estimated to Witness High Growth Owing To Rising Demand for Eco-Friendly Coatings

The global Marine Coatings Market is estimated to be valued at US$12,662.7 million in 2021 and is expected to exhibit a CAGR of 6.5% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

Marine coatings are protective coatings applied to ships and other marine vessels to protect them against corrosion, fouling, and other environmental factors. These coatings offer numerous advantages such as increased durability, improved fuel efficiency, reduced maintenance costs, and enhanced aesthetics. With the growth of maritime trade and the increasing need for maintaining the longevity of marine vessels, the demand for marine coatings is expected to rise significantly.

B) Market Key Trends:

One key trend in the Marine Coatings Market is the rising demand for eco-friendly coatings. Environmental regulations and concerns regarding the use of toxic substances in conventional marine coatings have led to a shift towards more sustainable and environmentally-friendly alternatives. Bio-based coatings, water-based coatings, and low VOC (volatile organic compound) coatings are gaining popularity in the market. These coatings not only reduce environmental pollution but also offer improved performance and safety.

For example, AkzoNobel N.V., one of the key players in the market, introduced Interpon Hydro C, a water-based powder coating solution for offshore wind turbines. This coating eliminates the need for solvents and reduces VOC emissions, making it a sustainable and eco-friendly option.

C) PEST Analysis:

- Political: Stringent environmental regulations and policies regarding the use of hazardous substances in coatings influence the market dynamics. Governments are promoting the adoption of eco-friendly coatings to reduce pollution and protect marine ecosystems.

- Economic: The growth of international trade and maritime activities drives the demand for marine coatings. The economic stability of countries heavily dependent on sea trade significantly impacts the market.

- Social: Increasing awareness among consumers about the environmental impact of marine coatings and the need for sustainable solutions is shaping the market trends. Social responsibility and sustainable practices are becoming important considerations for both consumers and industry players.

- Technological: Technological advancements in the development of eco-friendly coatings, such as self-polishing anti-fouling coatings, nanotechnology-based coatings, and UV-curable coatings, are driving market growth. These coatings offer enhanced performance and durability.

D) Key Takeaways:

The global Marine Coatings Market Growth, exhibiting a CAGR of 6.5% over the forecast period, due to increasing demand for eco-friendly coatings. Stringent environmental regulations and rising awareness about sustainability are driving the adoption of these coatings.

In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the marine coatings market. The region's booming shipbuilding industry, increasing maritime trade, and supportive government policies contribute to its market dominance. Europe and North America also hold significant market shares due to their strong presence in the maritime sector.

Key players operating in the global Marine Coatings Market include AkzoNobel N.V., Chugoku Marine Paints Ltd., Hempel A/S, Jotun A/S, Kansai Paint Co. Ltd., KCC Corporation, Nippon Paint, PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Company. These players focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market positions and cater to the growing demand.

In conclusion, the global Marine Coatings Market is poised for high growth as the demand for eco-friendly coatings increases. Environmental regulations, economic factors, social awareness, and technological advancements are shaping the market dynamics. The Asia Pacific region leads in terms of growth and dominance, while key players focus on innovation and strategic collaborations.

Rahul Kumar Yadav

Marine Coatings Market Analysis 2024-2033 - Size ,Drivers And Trends

saikiran TBRC 2024-02-20

Learn More On The Marine Coatings Market:https://www. The marine coatings market size is expected to see strong growth in the next few years. Major trends in the forecast period include enhanced corrosion protection coatings, rise of silicone-based coatings, antimicrobial coatings for biosecurity, integration of graphene in coatings, coatings for fuel efficiency. Major companies operating in the marine coating market are focusing on developing new products to sustain their position in the market. The marine coatings market report table of contents includes:1.

Boosting Ship Efficiency and Performance with High-Tech Marine Coatings

Yashvi Gadhiya 2023-07-21

One promising solution lies in the development and implementation of high-tech marine coatings. These innovative coatings offer a range of benefits that significantly contribute to boosting ship efficiency and overall performance. One critical advantage of high-tech Marine Coatings is their ability to reduce hydrodynamic drag. Moreover, Marine Coatings can protect ships from corrosion and wear caused by the harsh marine environment. To fully leverage the potential of high-tech marine coatings, ship operators must ensure proper maintenance and reapplication at regular intervals.

Marine Coatings Market Research : International Size, Growth, Trends, Outlook and Future Scope Analysis 2030

Santosh Autade 2022-03-24

Besides, dry-docking activities, new shipbuilding facilities, and benefits such as the reduction in fuel consumption, and the prevention of corrosion are also adding market growth. com/sample_request/5348 On the contrary, inconsistent prices of raw materials and stringent environment regulations may hinder the marine coatings market growth over the forecast period. The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth. Due to the developed tourism industry in Europe, the demand for cruise liners and yachts is high which will boost the market for marine coatings. com/reports/marine-coatings-market-5348 About Market Research Future - At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.

Marine Coatings Market Ongoing Trend with Most Demanding Players as

MRFR Research 2022-04-07

Besides, dry-docking activities, new shipbuilding facilities, and benefits such as the reduction in fuel consumption, and the prevention of corrosion are also adding market growth. The growing international trade has augmented the demand for cargo ships which in turn is the major factor positively affecting the market growth. However, complex trade laws and poor port infrastructure may limit the marine coatings market growth over the forecast period. com/reports/marine-coatings-market-5348 About Market Research Future - At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles. com

Global Marine Coatings Market Worth $3.93 Billion by 2022 | Top Key Players Like PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US)

Jesscia Peter 2022-07-05

The report "Marine Coatings Market by Resin (Epoxy, Alkyd, Polyurethane), Product Type (Anti-Corrosion Coatings, Antifouling Coatings), Application (Cargo Ships, Passenger Ships, Boats), Region - Global Forecast to 2022", The marine coatings market is projected to grow from USD 3. Increasing demand for marine coatings from the shipbuilding industry in emerging economies such as China, India, and Brazil, is expected to fuel the growth of the marine coatings market across the globe. The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. id=234885004Key players operating in the marine coatings market include PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF Coatings (Germany). Don’t miss out on business opportunities in Marine Coatings Market.

Marine Coatings Market [+How To Focus On Revenue] | Applications Forecast to 2029

shubham mmr 2022-11-17

The report also helps in understanding Marine Overlay Market dynamics, structure by analyzing the market segments and projects the Market size. com/request-sample/2058 Market Scope:The research technique used to analyze and forecast the Marine Overlay Market begins with secondary research utilizing sources that collect revenue data from important suppliers. Using the bottom-up technique, the total size of the Marine Overlay market was determined using the income of important firms. Key Players:The major players covered in the Marine Overlay market report are:• Delta T & Protective Products. Key Questions Answered in the Marine Overlay Market Report are:Which segment grabbed the largest share in the Marine Overlay market?

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Marine Coatings Market Is Estimated To Witness High Growth Owing To Increasing Demand For Eco-Friendly Coating Solutions And Growing Shipbuilding Industry

Gauri Cmi 2023-10-13

The Marine Coatings Market is estimated to be valued at US$ 12,662. The marine coatings industry is witnessing significant growth due to the increasing demand for eco-friendly coating solutions and the growing shipbuilding industry. Segment Analysis: The marine coatings market can be segmented based on product type, resin type, technology, and application. PEST Analysis: Political: The political stability of countries plays a crucial role in the marine coatings market. Technological: Technological advancements in marine coatings, such as the development of eco-friendly and high-performance coatings, are driving market growth.

Talc Powder for Paint Industry Manufacturers India

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Talc Powder for Paint Industry Manufacturers Indiahttps://alliedtalc.com/talc-powder-exporter-in-india.php#talc-powder-for-paint-industry-manufacturers-indiaTalc Powder For Paint Industry, which we provide, is particularly used in marine paints and protective coatings.

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Marine Pharmaceuticals Market Growth 2019-2024

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The drug obtained from marine organisms which are being conventionally used like shark and cod-liver oils, sodium alginate, agar-agar, chitin etc.Marine organisms are potential source for drug discovery.

Life has originated from the oceans that cover over 70% of the surface of earth and contain highly ecological, chemical and biological diversity starting from micro-organisms to vertebrates.

This diversity has been the source of unique chemical compounds, which hold tremendous pharmaceutical potential.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-marine-pharmaceuticals-2019-2024-398North America is the largest consumption market of Marine Pharmaceuticals, with sales market share nearly 33.4% in 2018.

The second place is Europe; following North America with the sales market share over 23.3%, China and Japan are also an important sales area.

In 2018, The global marine pharmaceuticals market will observe steady growth because of the robust growth in APAC during the forecast period.

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Maritime Comfort: Market Statistics of the Marine Interiors Market

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This market research report provides a comprehensive analysis of the Marine Interior Industry, including market size, key trends, market segmentation, and major players. Composites Material Segment: The composites segment of the Marine Interior Market is expected to grow at the highest rate during the forecast period. id=74972444Regional AnalysisEurope is estimated to account for the largest share of the Marine Interior Market in 2020. The Global Marine Interior Market is experiencing robust growth driven by the demand for cruise ships, refurbishment activities, and the growing trend of marine tourism. com or follow us on Twitter, LinkedIn and Facebook.

Marine Coatings Are Used In Ocean-Going Vessels, To Prevent It from Wear And Tear That Can Result in Due To the Harsh Salinity of the Ocean Water

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These marine coatings provided good protection from the elements (and were inexpensive), but they were slow to dry and took a long time to set.

The ease of use and the quickness of installation make these coatings very popular among consumers.Some types of marine coatings are made to work specifically in cold environments.

For instance, a company that produces anti-freeze in a factory might have its coatings made with an ingredient that's suitable only in extremely cold weather.

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Marine Consultancy Singapore

viridianmaritime 2021-08-26

Marine consultancy in Singapore, Viridian maritime are the professional marine consultants in Singapore who can address your shipping concerns very effectively.

Our consultants have helped companies boost their marine business.

We also provide consultation services in Dry docking and repairs, new building supervision, pre-purchase inspection, audits and survey, apart from the above services we also help in Offshore Support Vessel in Singapore like Segment and market analysis, Single voyage deliveries.

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Global Marine Container Coatings Market Insights and Forecast to 2026

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Marine Container Coatings market is segmented by Type, and by Application.

Players, stakeholders, and other participants in the global Marine Container Coatings market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.Segment by Type, the Marine Container Coatings market is segmented into:Solvent-based Container CoatingsWater-borne Container CoatingsDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/57223/global-marine-container-coatings-2026-190Segment by Application, the Marine Container Coatings market is segmented into:NewbuildingRepairRegional and Country-level Analysis:The Marine Container Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Marine Container Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

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The global marine coatings market is consolidated with a handful of dominating players who account for significant shares of the market.

These players are majorly leading in the market on account of their focus on development of products that are advanced as well as increasing their range so as to cater to specific demands of clients.

The names of these players are: PPG Industries Inc., Akzo Nobel N.V., Jotun A/S, Chugoku Marine Paints Ltd., Sherwin-Williams Company, and Hempel A/S.According to Transparency Market Research (TMR), between 2017 and 2025, the global marine coatings market will expand at a 6.1% CAGR and reach a value of US$14.52 bn by 2025.

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