Marine coatings market worth 10 4 billion

This trend will likely continue throughout the forecast span. Country-wise, China is the top consumer of marine coatings products, and is also the largest market for marine coatings products registering a CAGR higher than the global average till To request a sample copy or view summary of this report, click the link below: Polyurethane resins offer superior properties such as high corrosion resistance, abrasion resistance, impact strength, and low-temperature flexibility, which make them suitable for various marine coating applications.

To request a sample copy or view summary of this report, click the link below: Increasing applications from end-use industries such as aerospace, automotive, general industries, marine and wood have augmented the growth of the market.

Leisure boats demand will likely rise owing to growing disposable income of the population of North America and Western Europe. Moreover, stringent regulatory norms impel the usage the usage of high cost and environment friendly marine coatings.

High Temperature Coatings Market Worth $74 Billion By 2024

The mandatory usage of the product for increasing the factor of safety as well as the aesthetic features will enhance the overall product market in the coming years. These organisms hamper the overall performance and durability of the vessels by degrading and weakening the metal body.

Volatile prices of raw materials such as oil derivatives, titanium dioxide, and copper may hinder the global marine coatings market growth in the coming years.

Marine Coatings Industry Background Marine coatings market has witnessed a good recovery after the global economic downturn. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

Copper, an important raw material for anti-fouling coatings, finds major application in electrical and electronics industries.

Ceramic Coatings Market worth $112 Billion by 2020

AkzoNobel launched two biocide free anti-fouling agents in that would improve the ship performance and curb the carbon dioxide emissions.

These include the continued expansion of the oil and gas market, more extensive use of coatings to ensure long-term protection of marine assets and the implementation of IMO ballast tank coating rules.

High Temperature Coatings Market worth 24 Billion USD by 2020

South Korea is the second-largest marine coatings consumer in the world. Consolidation of shipping companies is putting pressure on marine coatings prices for manufacturers.

The industry is a highly regulated industry due to presence of volatile organic compounds in these products which are harmful for the environment. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

The drivers for the growth of the high temperature coatings market include the end-use industries, shift in preference toward solvent-free high temperature coatings, and the increased demand for high temperature coatings from the Asia-Pacific region.

Countries such as China, U.

Paints & Coatings Market Worth $2270 Billion By 2025 | CAGR: 3%

Copper, an important raw material for anti-fouling coatings, finds major application in electrical and electronics industries.

Among applications, the cargo ships segment accounted for the largest share of the marine coatings market inin terms of value. For instance, crude oil derivatives find application in numerous fields such as transportation, industries, engineering works, etc.

They are estimated to continue being the most consumed marine coatings with the highest CAGR between and The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals.

The presence of large scale manufacturers signifies the marine coatings market with a notable amount of forward and backward integration across the industry ecosystem. Scientists and industrialists are developing metal-free anti-fouling coatings which will not affect marine life.

The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

The key players in this market are AkzoNobel N. However, the industry has witnessed a huge shift towards green and bio-based products in the form of powder based and waterborne formulations.

The global ceramic coatings market is expected to grow at a CAGR of 7. The mandatory usage of the product for increasing the factor of safety as well as the aesthetic features will enhance the overall product market in the coming years. Global logistics market is also concentrated in this region, resulting in a high cargo ship manufacturing and maintenance demand.

Asia Pacific dominated the market for protective coatings inwith revenue of over USD 18 billion; and is estimated to grow significantly over the coming years owing to the rising demand from high-growth end-use segments such as construction, aerospace, and automotive.Paints & Coatings Market Worth $ Billion By | CAGR: % July | Report Format: Electronic (PDF) The global paints and coatings market is anticipated to exceed USD billion byaccording to a new report by Grand View Research, Inc.

Propelled by the winds of oil and gas expansion and new products, the global marine coatings market will be worth a shipshape $ billion by.

Marine Coatings Market Value to Reach USD 14 Billion by 2019: MarketsandMarkets

Protective Coatings Market Size Worth $ Billion By January | Report Format: Electronic (PDF) The global protective coatings market is expected to witness significant growth over the forecast period owing to the increasing demand for anti-corrosion, thermal resistant, and durable coating formulations in the aerospace and oil & gas.

The market size, in terms of value, of high temperature coatings was estimated to be about USD Billion in and is projected to reach USD Billion byat a CAGR of 4. Marine coatings market worth billion USD by just published Details The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period.

Global Marine Coatings Market Set For Rapid Growth, To Reach Value Around USD 40 Billion By 2024

Paints & Coatings Market Worth $ Billion By | CAGR: % July | Report Format: Electronic (PDF) The global paints and coatings market is anticipated to exceed USD billion byaccording to a new report by Grand View Research, Inc.

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Marine coatings market worth 10 4 billion
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