Market Definition:-

Marine coatings are used in a wide range of applications owing to their excellent properties such as chemical resistance, corrosion resistance, and UV resistance, among others. The rising growth of the oil and gas and tourism industry across the globe is substantially affecting the growth of the marine coatings market.

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5348

Competitive Analysis:-

PPG Industries
AkzoNobel
Hempel
Sherwin-Williams
Jotun
Chugoku Marine Paints
Nippon Paint
Kansai Paint
Axalta
BASF SE
Market Segmentation:

The global marine coatings market is segmented into resin type, product type, and application. On the basis of the product type, the market is segregated into anti-corrosion marine coatings, antifouling coatings, and others. On the basis of resin type, the market is bifurcated into epoxy, alkyd, polyurethane, and others. The market by application industry is further categorized into cargo ships, passenger ships, boats, and others.

Regional Analysis:

The global marine coatings market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, has boosted the use of marine coatings in the oil and gas industry. Moreover, the development of Chabahar in Afghanistan is expected to increase the inflow and outflow of goods from India which in turn will substantially contribute to the growth of marine coatings market during the forecast years. Furthermore, the emergence of China has a major shipping hub coupled with the development of ports in the region are other factors contributing to the market growth.

The European region is estimated to witness a significant growth in the countries owing to burgeoning oil & gas and tourism industry. The growing shipping industry coupled with the increasing demand for cruise liners and yachts are other factors adding to the market growth.

The North American marine coatings market is mainly driven by the U.S. and Canada. The developed industries in the U.S has contributed to substantially to the inflow and outflow of goods from the region, in turn propelling the shipping trade which is another factor driving the market growth of marine coatings.

Geographical Analysis:

The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Intended Audience:

Marine coatings market manufacturers
Traders and Distributors of marine coatings market
Production process industries
Potential investors
Raw material suppliers