Marine coatings Market Research Report- Forecast to 2027

Global marine coatings market research report: resin type (epoxy, alkyd, polyurethane, others) by product type (anti-corrosion marine coatings, antifouling coatings, others) by application (cargo ships, passenger ships, boats, others) – Forecast till 2027

ID: MRFR/CnM/3905-HCR | February 2021 | Region: Global | 139 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of Marine Coatings Market:


Marine coatings are primarily used as protective coatings that are applied on the surface of vessels, cruises, yachts, oil rigs and bridges among others. These coatings are applied to protect against corrosion and fouling to enhance the shelf life of the offshore structures and marine vessels. Marine coatings protect the surfaces from damage caused by UV radiation above the waterline along with corrosion and fouling below the waterline. The price incurred during the treatment of corrosion in marine vessels are relatively much higher than the price of preventing it, hence the demand for marine coatings has been augmenting in the shipping and shipbuilding industries. Moreover, the ability of marine coatings in the prevention of corrosion also helps in the reduction of fuel consumption which is another factor contributing to the growth of the market.


Among the resin segments in marine coatings market, the polyurethane resin is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The advantages of polyurethane resin such as environment-friendly nature, versatility, efficient corrosion and abrasion resistance, low-temperature flexibility, and impact strength make them ideal for the use in wide range of marine coating applications. Among the application segment cargo ships, is expected to register the highest growth during the forecast period. The growing use of cargo ships in international trade has augmented the use of marine coatings in this segment.


The Global Marine coatings Market Share by Application


 Marine coatings Market


Source: MRFR analysis


Regional Analysis:


The marine coatings market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market and is expected to be the fastest growing region with an encouraging CAGR. The growing international trade from the region has augmented the demand for marine coatings which is a major factor driving the market growth in the region. Moreover, the emergence of China and India as a major shipping hub is further expected to add to the growth of the market. In addition to this, the growing energy requirement in the developing economies of the region has increased the oil and gas activities which in turn is augmenting the demand for marine coatings in the oil rigs and other offshore structures.


North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of the developed marine and oil & gas sector has augmented the demand for marine coatings in the region. Moreover, the shale gas boom coupled with the growing exports and imports in the region are other factors significantly contributing to the market growth. In addition to this, North America is one of the largest market for boats, cruise liners and yachts, hence, adding to the demand of marine coatings.


The European region is a lucrative market and is mainly driven by the growing international trade and oil and gas industry. The demand for vessels in the region is set to witness a significant growth owing to the growing international trade mainly in the U.K, Germany, and Italy which is also adding to the market growth. Moreover, the developed tourism industry in the region has surged the demand for cruise liners and yachts which in turn is expected to positively affect the market growth.


Latin America is expected to witness a moderate growth owing to the growing marine and energy sector. However, poor port infrastructure and complex trade laws are some of the major restraints of the Latin American market of marine coatings.


Segmental Analysis:


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, others.


Key Players:


Some of the prominent players operating in the global marine coatings market 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 SE (Germany) among others.


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


 



Frequently Asked Questions (FAQ) :


The leading resin type used in the marine coatings industry is polyurethane.

Cargo ships are the major application channel for the marine coatings market.

Increasing attention being paid to marine maintenance is the major driver for the marine coatings market.

Asia Pacific is the largest regional market due to the increasing international marine trade in the region.

Leading players in the market include PPG, Jotun, and Sherwin-Williams, among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Resin Type

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Marine Coatings Market

5 Industry Overview of Global Marine Coatings Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Marine Coatings Market by Product Type

7.1 Introduction

7.2 Anti-corrosion coatings

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Antifouling coatings

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Marine Coatings Market by Resin Type

8.1 Introduction

8.2 Epoxy

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Alkyd

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Polyurethane

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Marine Coatings Market by Application

9.1 Introduction

9.2 Cargo ships

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Passenger ships

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Boats

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Others

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Marine Coatings Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.2.4 Market Estimates & Forecast by Application, 2020-2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.2.5.4 Market Estimates & Forecast by Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.2.6.4 Market Estimates & Forecast by Application, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.7.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.2.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.4 Market Estimates & Forecast by Application, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.5.4 Market Estimates & Forecast by Application, 2020-2027

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.6.4 Market Estimates & Forecast by Application, 2020-2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.7.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2020-2027

10.3.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.8.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.8.4 Market Estimates & Forecast by Application, 2020-2027

10.3.9 U.K

10.3.9.1 Market Estimates & Forecast, 2020-2027

10.3.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.9.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.9.4 Market Estimates & Forecast by Application, 2020-2027

10.3.10 Rest of Europe

10.3.10.1 Market Estimates & Forecast, 2020-2027

10.3.10.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.10.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.3.10.4 Market Estimates & Forecast by Application, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.4 Market Estimates & Forecast by Application, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.5.4 Market Estimates & Forecast by Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.6.4 Market Estimates & Forecast by Application, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.7.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.7.4 Market Estimates & Forecast by Application, 2020-2027

10.4.8 Australia

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.8.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.8.4 Market Estimates & Forecast by Application 2020-2027

10.4.9 New Zealand

10.4.9.1 Market Estimates & Forecast, 2020-2027

10.4.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.9.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.9.4 Market Estimates & Forecast by Application, 2020-2027

10.4.10 Rest of Asia Pacific

10.4.10.1 Market Estimates & Forecast, 2020-2027

10.4.10.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.10.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.4.10.4 Market Estimates & Forecast by Application, 2020-2027

10.5 The Middle East & Africa

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.5 Turkey

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.6 Israel

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.6.4 Market Estimates & Forecast by Application, 2020-2027

10.5.7 North Africa

10.5.7.1 Market Estimates & Forecast, 2020-2027

10.5.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.7.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.7.4 Market Estimates & Forecast by Application, 2020-2027

10.5.8 GCC

10.5.8.1 Market Estimates & Forecast, 2020-2027

10.5.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.8.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.8.4 Market Estimates & Forecast by Application, 2020-2027

10.5.9 Rest of the Middle East & Africa

10.5.9.1 Market Estimates & Forecast, 2020-2027

10.5.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.9.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.5.9.4 Market Estimates & Forecast by Application, 2020-2027

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.5 Brazil

10.6.5.1 Market Estimates & Forecast, 2020-2027

10.6.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.5.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.6.5.4 Market Estimates & Forecast by Application, 2020-2027

10.6.6 Argentina

10.6.6.1 Market Estimates & Forecast, 2020-2027

10.6.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.6.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.6.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.7 Rest of Latin America

10.6.7.1 Market Estimates & Forecast, 2020-2027

10.6.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.7.3 Market Estimates & Forecast by Resin Type, 2020-2027

10.6.7.4 Market Estimates & Forecast by Application, 2020-2027

11. Company Landscape

12. Company Profiles

12.1 PPG Industries

12.1.1 Company Overview

12.1.2 Product Type/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 AkzoNobel

12.2.1 Company Overview

12.2.2 Product Type/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Development

12.3 Hempel

12.3.1 Company Overview

12.3.2 Product Type/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Sherwin-Williams

12.4.1 Company Overview

12.4.2 Product Type/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Jotun

12.5.1 Company Overview

12.5.2 Product Type/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Chugoku Marine Paints

12.6.1 Company Overview

12.6.2 Product Type/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Nippon Paint

12.7.1 Company Overview

12.7.2 Product Type/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Kansai Paint

12.8.1 Company Overview

12.8.2 Product Type/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Axalta

12.9.1 Company Overview

12.9.2 Product Type/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 BASF SE

12.10.1 Company Overview

12.10.2 Product Type/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Marine Coatings Market: By Region, 2020-2027

Table 3 North America Marine Coatings Market: By Country, 2020-2027

Table 4 Europe Marine Coatings Market: By Country, 2020-2027

Table 5 Asia-Pacific Marine Coatings Market: By Country, 2020-2027

Table 6 Middle East & Africa Marine Coatings Market: By Country, 2020-2027

Table 7 Latin America Marine Coatings Market: By Country, 2020-2027

Table 8 Global Marine Coatings by Product Type Market: By Regions, 2020-2027

Table 9 North America Marine Coatings by Product Type Market: By Country, 2020-2027

Table10 Europe Marine Coatings by Product Type Market: By Country, 2020-2027

Table11 Asia-Pacific Marine Coatings by Product Type Market: By Country, 2020-2027

Table12 Middle East & Africa Marine Coatings by Product Type Market: By Country, 2020-2027

Table13 Latin America Marine Coatings by Product Type Market: By Country, 2020-2027

Table14 Global Marine Coatings by Resin Type Market: By Regions, 2020-2027

Table15 North America Marine Coatings by Resin Type Market: By Country, 2020-2027

Table16 Europe Marine Coatings by Resin Type Market: By Country, 2020-2027

Table17 Asia-Pacific Marine Coatings by Resin Type Market: By Country, 2020-2027

Table18 Middle East & Africa Marine Coatings by Resin Type Market: By Country, 2020-2027

Table19 Latin America Marine Coatings by Resin Type Market: By Country, 2020-2027

Table20 Global Marine Coatings by Application Market: By Regions, 2020-2027

Table21 North America Marine Coatings for Application Market: By Country, 2020-2027

Table22 Europe Marine Coatings for Application Market: By Country, 2020-2027

Table23 Asia-Pacific Marine Coatings for Application Market: By Country, 2020-2027

Table24 Middle East & Africa Marine Coatings for Application Market: By Country, 2020-2027

Table25 Latin America Marine Coatings for Application Market: By Country, 2020-2027

Table26 Global Product Type Market: By Region, 2020-2027

Table27 Global Resin Type Market: By Region, 2020-2027

Table28 Global Application Market: By Region, 2020-2027

Table29 North America Marine Coatings Market, By Country

Table30 North America Marine Coatings Market, By Product Type

Table31 North America Marine Coatings Market, By Resin Type

Table32 North America Marine Coatings Market, By Application

Table33 Europe: Marine Coatings Market, By Country

Table34 Europe: Marine Coatings Market, By Product Type

Table35 Europe: Marine Coatings Market, By Resin Type

Table36 Europe: Marine Coatings Market, By Application

Table37 Asia-Pacific: Marine Coatings Market, By Country

Table38 Asia-Pacific: Marine Coatings Market, By Product Type

Table39 Asia-Pacific: Marine Coatings Market, By Resin Type

Table40 Asia-Pacific: Marine Coatings Market, By Application

Table41 Middle East & Africa: Marine Coatings Market, By Country

Table42 Middle East & Africa Marine Coatings Market, By Product Type

Table43 Middle East & Africa Marine Coatings Market, By Resin Type

Table44 Middle East & Africa: Marine Coatings Market, By Application

Table45 Latin America: Marine Coatings Market, By Country

Table46 Latin America Marine Coatings Market, By Product Type

Table47 Latin America Marine Coatings Market, By Resin Type

Table48 Latin America: Marine Coatings Market, By Application

LIST OF FIGURES

FIGURE 1 Global Marine Coatings market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Marine Coatings Market

FIGURE 4 Value Chain of Global Marine Coatings Market

FIGURE 5 Share of Global Marine Coatings Market in 2020, by country (in %)

FIGURE 6 Global Marine Coatings Market, 2020-2027,

FIGURE 7 Sub segments of Product Type

FIGURE 8 Global Marine Coatings Market size by Product Type, 2020

FIGURE 9 Share of Global Marine Coatings Market by Product Type, 2020-2027

FIGURE 10 Global Marine Coatings Market size by Resin Type, 2020

FIGURE 11 Share of Global Marine Coatings Market by Resin Type, 2020-2027

FIGURE 12 Global Marine Coatings Market size by Application, 2020

FIGURE 13 Share of Global Marine Coatings Market by Application, 2020-2027