(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Marine Coatings market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Marine Coatings market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
The global Marine Coatings market has grown significantly over the past few years and is anticipated to expand at a rapid pace till 2026. This market study provides in-depth assessment on market size and year on year growth of global Marine Coatings market in terms of revenue, various levels of in-depth market segmentations, market dynamics which comprises of demand side, supply side and economy side drivers, market restraints, challenges and opportunities and trends which are prevailing in this market and impacting the growth of the market. Worldwide Marine Coatings market highlights its existing absolute $ opportunity. Further, this market is likely to achieve considerable absolute $ opportunity by the year 2026 as compared to the value achieved in the year 2018.
The global Marine Coatings market study comprises of risk analysis which covers market demand risk and market supply risk impacting the growth of this market. Further, the report covers a section on correlation and regression analysis in which the relationship between independent and dependent variables have been analysed to have a better clarity and understanding of the market. The global Marine Coatings market includes a chapter on macro-economic indicators impacting the growth of this market.
Further, a separate section in the report highlights geography scenario in this market which includes North America (further bifurcated into U.S. and Canada)In 2018, the GDP for United States of America marked a growth rate of 5.27% as compared to the growth rate of 3.63% achieved in 2013. Significant growth in the GDP has strengthened the growth of Marine Coatings market in the U.S.The report further includes a section on European region which is further segmented on a country/regional level including Germany, U.K., France, Italy, Spain, BENELUX, Netherlands, NORDIC, Poland, Hungary, Russia, Turkey, and Rest of Europe.
Disposable Personal Income in Germany increased to USD 560 Billion in the fourth quarter of 2018 from USD 553 Billion in the third quarter of 2018. Disposable Personal Income in Germany averaged USD 250.4 Billion from 1960 until 2018, reaching an all-time high of USD 560 Billion in the fourth quarter of 2018 and a record low of USD 25.5 Billion in the first quarter of 1960. Significant disposable income in the country has intensified the growth of Marine Coatings market in Germany.
In the Asia Pacific Marine Coatings market, we have covered China, India, South Korea, Indonesia, Malaysia, Japan, Australia, New Zealand and Rest of Asia Pacific. In the Latin America section, we have included an in-depth analysis on Mexico, Brazil, Argentina and Rest of Latin America. Middle East and Africa region have been further divided into Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa.
A complete section on competitive landscape provides an understanding of the companies in this market based upon various parameters which includes overview of the company, business strategy, major product offerings, key performance indicators, risk analysis, recent development, regional presence and SWOT analysis. There is a separate section which has been provided on the market share of key players in this market and as well as the competitive positioning of the players.
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Key Topics Covered in the report:
Market Size, Demand, Y-o-Y Growth Comparison
Market Segmentation Analysis
Market Segmentation Analysis by Geography
North America (U.S. and Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (Germany, France, UK, Spain, Italy, BENELUX, NORDIC, Russia, Poland, Turkey, Hungary, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa)
Absolute $ Opportunity
Regional Average Pricing Analysis
Demand and Supply Risk
Regression and Correlation Analysis
Porters Five Force Model
Demand Side Drivers
Supply Side Drivers
Economy Side Drivers
Macro-economic Indicators impacting the growth of the market
Market Share of the companies
Competitive Positioning of the companies
Overview of the companies
Key Product Offerings
Key Performance Indicators
Major Target Audience for this report:
Manufacturers of the product
Suppliers of raw materials
Strategic and management consulting firms
Various regulatory and Government bodies
Research Organizations and institutes
Organizations, alliances and forums related to this market
Crucial Questions Answered in this report:
How the market is going to be impacted based upon the macroeconomic indicators?
What are the various opportunities in this market?
Which segment and which country has the fastest growth?
Complete analysis of the competitive landscape
Where the maximum opportunity lies in terms of further investments by region?
Potential countries for investment
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