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Marine Coating Trends and Forecast
The future of the global marine coating market looks promising with opportunities in the cargo ship, passenger, and shipsboat markets. The global marine coating market is expected to reach an estimated $4.8 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rise in infrastructure and construction projects in emerging economies, rising demand for high-performance coating, and increasing number of innovations and investment in the industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Marine Coating by Segment
The study includes a forecast for the global marine coating by resin, product type, application, and region.
Marine Coating Market by Resin [Shipment Analysis by Value from 2018 to 2030]:
• Epoxy
• Alkyd
• Polyurethane
• Others
Marine Coating Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Anti-Corrosion Coatings
• Anti-Corrosion Coatings
• Others
Marine Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Cargo Ships
• Passenger Ships
• Boats
• Others
Marine Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Marine Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marine coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marine coating companies profiled in this report include-
• PPG Industries
• AkzoNobel
• Hempel
• Sherwin-Williams
• Jotun
• Chugoku Marine Paints
• Nippon Paint
Marine Coating Market Insights
Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period due to the several qualities, such as excellent adhesive properties, high durability, and resistance to chemicals and water.
APAC is expected to witness highest growth over the forecast period due to the increasing the regionÄX%$%Xs construction activity, especially on commercial and industrial buildings, as well as, significant public and private investments made in these countries to establish commercial space and infrastructure.
Features of the Global Marine Coating Market
Market Size Estimates: Marine coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Marine coating market size by resin, product type, application, and region in terms of value ($B).
Regional Analysis: Marine coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin, product type, application, and regions for the marine coating market .
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the marine coating market .
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the marine coating market size?
Answer: The global marine coating market is expected to reach an estimated $4.8 billion by 2030.
Q2. What is the growth forecast for marine coating market ?
Answer: The global marine coating market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the marine coating market ?
Answer: The major drivers for this market are rise in infrastructure and construction projects in emerging economies, rising demand for high-performance coating, and increasing number of innovations and investment in the industry.
Q4. What are the major segments for marine coating market ?
Answer: The future of the global marine coating market looks promising with opportunities in the cargo ship, passenger, and shipsboat markets.
Q5. Who are the key marine coating market companies?
Answer: Some of the key marine coating companies are as follows:
• PPG Industries
• AkzoNobel
• Hempel
• Sherwin-Williams
• Jotun
• Chugoku Marine Paints
• Nippon Paint
Q6. Which marine coating market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period due to the several qualities, such as excellent adhesive properties, high durability, and resistance to chemicals and water.
Q7. In marine coating market , which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the increasing the regionÄX%$%Xs construction activity, especially on commercial and industrial buildings, as well as, significant public and private investments made in these countries to establish commercial space and infrastructure.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the marine coating market by resin (epoxy, alkyd, polyurethane, and others), product type (anti-corrosion coatings, anti-corrosion coatings, and others), application (cargo ships, passenger ships, boats, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Marine Coating Market, Marine Coating Market Size, Marine Coating Market Growth, Marine Coating Market Analysis, Marine Coating Market Report, Marine Coating Market Share, Marine Coating Market Trends, Marine Coating Market Forecast, Marine Coating Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Marine Coating Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Marine Coating Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Marine Coating Market by Resin
3.3.1: Epoxy
3.3.2: Alkyd
3.3.3: Polyurethane
3.3.4: Others
3.4: Global Marine Coating Market by Product Type
3.4.1: Anti-Corrosion Coatings
3.4.2: Anti-Corrosion Coatings
3.4.3: Others
3.5: Global Marine Coating Market by Application
3.5.1: Cargo Ships
3.5.2: Passenger Ships
3.5.3: Boats
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Marine Coating Market by Region
4.2: North American Marine Coating Market
4.2.2: North American Marine Coating Market by Application: Cargo Ships, Passenger Ships, Boats, and Others
4.3: European Marine Coating Market
4.3.1: European Marine Coating Market by Resin: Epoxy, Alkyd, Polyurethane, and Others
4.3.2: European Marine Coating Market by Application: Cargo Ships, Passenger Ships, Boats, and Others
4.4: APAC Marine Coating Market
4.4.1: APAC Marine Coating Market by Resin: Epoxy, Alkyd, Polyurethane, and Others
4.4.2: APAC Marine Coating Market by Application: Cargo Ships, Passenger Ships, Boats, and Others
4.5: ROW Marine Coating Market
4.5.1: ROW Marine Coating Market by Resin: Epoxy, Alkyd, Polyurethane, and Others
4.5.2: ROW Marine Coating Market by Application: Cargo Ships, Passenger Ships, Boats, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Marine Coating Market by Resin
6.1.2: Growth Opportunities for the Global Marine Coating Market by Product Type
6.1.3: Growth Opportunities for the Global Marine Coating Market by Application
6.1.4: Growth Opportunities for the Global Marine Coating Market by Region
6.2: Emerging Trends in the Global Marine Coating Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Marine Coating Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Marine Coating Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: PPG Industries
7.2: AkzoNobel
7.3: Hempel
7.4: Sherwin-Williams
7.5: Jotun
7.6: Chugoku Marine Paints
7.7: Nippon Paint
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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