Study papers on Marine Coatings market and regional forecast. Marine Coatings market players are include PPG Industries (US), Akzo Nobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), BASF Coatings (Germany).
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Download Brochure of Marine Coatings Market spread across 148 pages, Profiling 10 Companies and Supported with 125 Tables and 32 Figures is now available at www.rnrmarketresearch.com/contacts…mple?rname=238759
marine coatings market is estimated to be USD 8.29 billion in 2017and is projected to reach USD 10.82 billion by 2022, at a CAGR of 5.45% from 2017 to 2022. The growth of the marine coatings market can be attributed to the continuous growth of the shipbuilding and offshore engineering industries in emerging economies.
However, fluctuating prices of raw materials used for manufacturing marine coatings and increasing environmental regulations are the challenges forthe growth of the marine coatings market.
- Manufacturers of Marine Coatings
- Chemical Suppliers
- Raw Material Suppliers
- Manufacturers of Coatings
- Government and Research Organizations
- Traders, Distributors, and Suppliers of Marine Coatings
- Industry Associations
- Research and Consulting Firms
The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East &Africa.
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The Asia Pacific region is expected to lead the marine coatings market during the forecast period, owing to the increased consumption of marine coatings in emerging economies such as China, India, and South Korea.
The Asia Pacific marine coatings market is also projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The demand for oil & gas is increasing in tandem with the ongoing urbanization and industrialization in the region.
This, in turn, has fueled the demand for large cargo vessels from the region, thereby increasing the demand for marine coatings in the Asia Pacific region.
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Anti-corrosion coatings are the most widely used type of marine coatings as they enhance the life as well as quality of structures or surfaces, wherein they are applied. Anti-corrosion coatings are passive corrosion-resistant products.
These coatings isolate surfaces from aggressive corrosive agents such as moisture, salts, and acids.
2 Market Ranking
3 Competitive Scenario
3.1 New Product Launches
3.3 Mergers & Acquisitions
Report at www.rnrmarketresearch.com/contacts/?rname=238759
This report segments the marine coatings market based on resin, product type, application, and region. It provides estimations for the overall value of the marine coatings market and its subsegments across various regions.
A detailed analysis of the key players operating in the marine coatings market has been conducted to provide insights into their businesses, products & services offered by them, key growth strategies adopted by them, and recent developments such as expansions, new product launches, acquisitions, and partnerships undertaken by them.
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