Monday, 19 August 2019 10:25 GMT
img

Marine Coatings Market worth $4.7 billion by 2027




(MENAFN - iCrowdNewsWire) iCrowd Newswire - Aug 6, 2019

According to the new market research report " Marine Coatings Marketby Resin (Epoxy, Alkyd, Polyurethane), Product Type (Anti-Corrosion Coatings, Antifouling Coatings), Application (Cargo Ships, Passenger Ships, Boats), Region - Global Forecast to 2027″, is projected to grow from USD 3.4 billion in 2018 to USD 4.7 billion by 2027.

Don't miss out on business opportunities in Marine Coatings Market

Speak to our analyst and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=234885004

Increasing demand for marine coatings from the shipbuilding industry in emerging economies such as China, India, and Brazil, is expected to fuel the growth of the marine coatings market across the globe. The marine coatings market is also expected to grow because of the rising demand for reduced fuel consumption in cargo and cruise ships. The need to reduce fuel consumption is also expected to drive the market.

Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. Polyurethane resins are versatile and environment-friendly. They are available with different degrees of rigidity and solid content. 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.

Browse and in-depth TOC on "Marine Coatings Market Global Forecast to 2027"

125 Tables
28 Figures
142 Pages

View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/marine-coatings-market-234885004.html

Among applications, the cargo ships segment accounted for the largest share of the marine coatings market, in terms of value.

Based on application, the cargo ships segment accounted for the largest share of the marine coatings market, in terms of value. The cargo ships are specifically structured to carry large quantities of cargoes compressed in different types of containers. In addition, the cost of transportation through water is substantially lesser as compared to other modes of transportation. These factors are expected to increase the demand for cargo ships, thereby leading to increased demand for marine coatings.

The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the market in the Asia Pacific region can be attributed to increased demand for marine coatings from various countries such as China, India, and South Korea. Various countries of the Asia Pacific region have expanded their ship manufacturing base, which, in turn, has led to the growth of the Asia Pacific marine coatings market.

Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234885004

Key players operating in the marine coatings market include 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 Coatings (Germany).

Browse Adjacent Markets @Chemicals Market ResearchReports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model GEM". 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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email:[email protected]
Research Insight:https://www.marketsandmarkets.com/ResearchInsight/marine-coatings-market.asp
Visit Our Website:https://www.marketsandmarkets.com/

 

 


Also Read:
•High Power LED Market worth $5.6 billion by 2024 with a growing CAGR of 4.5%
•Mold Release Agents Market Projected to Reach $2.5 billion by 2024
•Wi-Fi Analytics Market projected to reach USD 16.8 billion by 2024, with a CAGR of 26.0%
•Predictive Maintenance Market foreseen to reach USD 10.7 billion by 2024, with an impressive CAGR of 28.8%
•Cancer/Tumor Profiling Market Worth $12.4 Billion by 2024
Contact Information:MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email:[email protected]

MENAFN0608201900703403ID1098852962


Marine Coatings Market worth $4.7 billion by 2027

Authors_Square_PromoteArticle2019

  Most popular stories  

Day | Week | Month