PUBLISHER: Allied Market Research | PRODUCT CODE: 1108525
PUBLISHER: Allied Market Research | PRODUCT CODE: 1108525
The global offshore oil & gas paints and coatings market was valued at $537.6 million in 2020, and is projected to reach $764.9 million by 2030, growing at a CAGR of 3.7% from 2021 to 2030.
Offshore oil & gas exploration activities lead to formation of foul and corrosion layers on the vessel equipment, which are further coated system to provide protection. Moreover, continuous contact with rough seawater and prolonged exposure to penetrating UV rays adversely affect the life of coating systems.
Coatings systems for offshore structures are designed to protect the marine infrastructure from most corrosive environments. Moreover, huge investments in the exploration and production of offshore oil & gas fields in remote areas require long-term protection of these structures. This is efficiently managed by high cost of coating materials and require less maintenance. In addition, offshore oil & gas paints and coatings have gained popularity in recent years, owing to increase in application of epoxy resin-based coats, which possess more abrasion and chemical-resistant properties, that topcoat the marine vessels, providing anticorrosive protection against atmospheric exposure. In addition, the LAMEA offshore oil & gas paints and coatings market offers lucrative opportunities for industry players, owing to growth in exploration and drilling activities in this region. In addition, technological developments in the production of offshore oil & gas paints and coatings by manufacturers, are further expected to fuel the market growth during the forecast period.
The offshore oil & gas paints and coatings market is segmented on the basis of type, installation, and region. By type, the market is segregated into epoxy, polyurethane alkyd, acrylic, inorganic zinc, and others. On the basis of installation, it is fragmented into jackups, floaters, drillships, semisubmersibles, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include:, Hempel, 3M, Nippon Paints Co., AkzoNobel N.V., PPG Industries, Inc., Wacker Chemie AG, The Sherwin-Williams Company, Jotun, Kansai Paints Co., and A&A Coatings.
The global offshore oil & gas paints and coatings market report provides in-depth competitive analysis as well as profiles of these major players. The global offshore oil & gas paints and coatings market report provides in-depth competitive analysis as well as profiles of these major players.
Impact of COVID-19 on Global Offshore Oil & Gas Paints and Coatings Market
Key Benifits For The Stakeholders
Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future estimations of the offshore oil & gas paints and coatings market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
By Resin
By Installation
By Region