Global Marine Coatings Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Marine Coatings Market is presumed to reach the market size of nearly USD 22.41 Billion by 2032 from USD 13.01 Billion in 2023 with a CAGR of 6.23% under the study period 2024 - 2032.

Marine coatings are specialized paints and coatings applied to ships, boats, offshore structures, and marine equipment to protect them from corrosion, fouling, and environmental damage. These coatings are formulated to withstand harsh aquatic environments, including saltwater exposure, UV radiation, and abrasion. These coatings can include antifouling paints to prevent the growth of marine organisms on hulls, corrosion-resistant coatings for metal surfaces, and protective coatings for underwater structures.

MARKET DYNAMICS

Increasing global maritime trade and commercial shipping activities drive the demand for high-performance coatings to protect vessels from corrosion, fouling, and abrasion, thus extending their service life and reducing maintenance costs. Additionally, stringent environmental regulations aimed at minimizing the environmental impact of marine operations are driving the adoption of eco-friendly and low-VOC (volatile organic compound) coatings, fostering innovation in the marine coatings industry. Furthermore, technological advancements in coating formulations, such as self-polishing antifouling and nano-coatings, enhance the performance and durability of marine coatings, meeting the evolving needs of shipowners and operators.

Moreover, the growing trend towards cruise tourism and recreational boating drives the demand for aesthetically pleasing coatings that protect against harsh marine environments, further fueling market growth. Additionally, the growing emphasis on fuel economy and emissions reduction in the maritime sector is driving the development of coatings that reduce frictional resistance and improve hydrodynamic performance, contributing to operational cost savings and environmental sustainability. Furthermore, expanding offshore oil and gas exploration and renewable energy projects creates opportunities for specialized coatings designed to withstand extreme conditions and protect offshore structures from corrosion and biofouling. However, stricter environmental regulations and concerns about the environmental impact of traditional marine coatings may impede market growth in the coming years.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of marine coatings. The growth and trends of Marine Coatings Industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the marine coatings market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product

Anti-Fouling
Anti-Corrosion
Foul Release
Others

By Resin

Epoxy
Silicone
Alkyd
Others

By Marine

Dry Docking
New Shipbuilding

By Application

Coastal
Containers
Deep Sea
Leisure Boats
Offshore Vessels
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Marine Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the marine coatings market include Akzo Nobel N.V., Chugoku Marine Paints, Ltd., Hempel A/S, The Sherwin-Williams Company, RPM International Inc., PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., KCC Corporation, Axalta Coating Systems Ltd., San Cera Coat Industries Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112114264

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. MARINE COATINGS - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product
- 3.7.2 Market Attractiveness Analysis By Resin
- 3.7.3 Market Attractiveness Analysis By Marine
- 3.7.4 Market Attractiveness Analysis By Application
- 3.7.5 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL MARINE COATINGS MARKET ANALYSIS BY PRODUCT

5.1. Overview By Product
5.2. Historical and Forecast Data
5.3. Analysis By Product
5.4. Anti-fouling Historic and Forecast Sales By Regions
5.5. Anti-corrosion Historic and Forecast Sales By Regions
5.6. Foul Release Historic and Forecast Sales By Regions
5.7. Others Historic and Forecast Sales By Regions

6. GLOBAL MARINE COATINGS MARKET ANALYSIS BY RESIN

6.1. Overview By Resin
6.2. Historical and Forecast Data
6.3. Analysis By Resin
6.4. Epoxy Historic and Forecast Sales By Regions
6.5. Silicone Historic and Forecast Sales By Regions
6.6. Alkyd Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL MARINE COATINGS MARKET ANALYSIS BY MARINE

7.1. Overview By Marine
7.2. Historical and Forecast Data
7.3. Analysis By Marine
7.4. Dry Docking Historic and Forecast Sales By Regions
7.5. New Shipbuilding Historic and Forecast Sales By Regions

8. GLOBAL MARINE COATINGS MARKET ANALYSIS BY APPLICATION

8.1. Overview By Application
8.2. Historical and Forecast Data
8.3. Analysis By Application
8.4. Coastal Historic and Forecast Sales By Regions
8.5. Containers Historic and Forecast Sales By Regions
8.6. Deep Sea Historic and Forecast Sales By Regions
8.7. Leisure Boats Historic and Forecast Sales By Regions
8.8. Offshore Vessels Historic and Forecast Sales By Regions
8.9. Others Historic and Forecast Sales By Regions

9. GLOBAL MARINE COATINGS MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1 Overview, Historic and Forecast Data Sales Analysis
- 9.3.2 North America By Segment Sales Analysis
- 9.3.3 North America By Country Sales Analysis
- 9.3.4 United States Sales Analysis
- 9.3.5 Canada Sales Analysis
- 9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1 Overview, Historic and Forecast Data Sales Analysis
- 9.4.2 Europe By Segment Sales Analysis
- 9.4.3 Europe By Country Sales Analysis
- 9.4.4 United Kingdom Sales Analysis
- 9.4.5 France Sales Analysis
- 9.4.6 Germany Sales Analysis
- 9.4.7 Italy Sales Analysis
- 9.4.8 Russia Sales Analysis
- 9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1 Overview, Historic and Forecast Data Sales Analysis
- 9.5.2 Asia Pacific By Segment Sales Analysis
- 9.5.3 Asia Pacific By Country Sales Analysis
- 9.5.4 China Sales Analysis
- 9.5.5 India Sales Analysis
- 9.5.6 Japan Sales Analysis
- 9.5.7 South Korea Sales Analysis
- 9.5.8 Australia Sales Analysis
- 9.5.9 South East Asia Sales Analysis
- 9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1 Overview, Historic and Forecast Data Sales Analysis
- 9.6.2 Latin America By Segment Sales Analysis
- 9.6.3 Latin America By Country Sales Analysis
- 9.6.4 Brazil Sales Analysis
- 9.6.5 Argentina Sales Analysis
- 9.6.6 Peru Sales Analysis
- 9.6.7 Chile Sales Analysis
- 9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1 Overview, Historic and Forecast Data Sales Analysis
- 9.7.2 Middle East & Africa By Segment Sales Analysis
- 9.7.3 Middle East & Africa By Country Sales Analysis
- 9.7.4 Saudi Arabia Sales Analysis
- 9.7.5 UAE Sales Analysis
- 9.7.6 Israel Sales Analysis
- 9.7.7 South Africa Sales Analysis
- 9.7.8 Rest Of Middle East And Africa Sales Analysis

10. COMPETITIVE LANDSCAPE OF THE MARINE COATINGS COMPANIES

10.1. Marine Coatings Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11. COMPANY PROFILES OF MARINE COATINGS INDUSTRY

11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. Akzo Nobel N.V.
- 11.3.1 Company Overview
- 11.3.2 Company Revenue
- 11.3.3 Products
- 11.3.4 Recent Developments
11.4. Chugoku Marine Paints Ltd.
- 11.4.1 Company Overview
- 11.4.2 Company Revenue
- 11.4.3 Products
- 11.4.4 Recent Developments
11.5. Hempel A/S
- 11.5.1 Company Overview
- 11.5.2 Company Revenue
- 11.5.3 Products
- 11.5.4 Recent Developments
11.6. The Sherwin-Williams Company
- 11.6.1 Company Overview
- 11.6.2 Company Revenue
- 11.6.3 Products
- 11.6.4 Recent Developments
11.7. RPM International Inc.
- 11.7.1 Company Overview
- 11.7.2 Company Revenue
- 11.7.3 Products
- 11.7.4 Recent Developments
11.8. PPG Industries Inc.
- 11.8.1 Company Overview
- 11.8.2 Company Revenue
- 11.8.3 Products
- 11.8.4 Recent Developments
11.9. Nippon Paint Holdings Co. Ltd.
- 11.9.1 Company Overview
- 11.9.2 Company Revenue
- 11.9.3 Products
- 11.9.4 Recent Developments
11.10. Kansai Paint Co. Ltd.
- 11.10.1 Company Overview
- 11.10.2 Company Revenue
- 11.10.3 Products
- 11.10.4 Recent Developments
11.11. KCC Corporation
- 11.11.1 Company Overview
- 11.11.2 Company Revenue
- 11.11.3 Products
- 11.11.4 Recent Developments
11.12. Axalta Coating Systems Ltd.
- 11.12.1 Company Overview
- 11.12.2 Company Revenue
- 11.12.3 Products
- 11.12.4 Recent Developments
11.13. San Cera Coat Industries Pvt. Ltd.
- 11.13.1 Company Overview
- 11.13.2 Company Revenue
- 11.13.3 Products
- 11.13.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies