Global Marine Coatings Market by Resin, Product Type, Applications & Region – Trends & Forecast to 2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Marine
Coatings Market by Resin (Epoxy, Alkyd, Polyurethane), Product Type
(Anti-Corrosion Coatings, Antifouling Coatings), Applications (Cargo
Ships, Passenger Ships, Boats), and Region – Global Trends & Forecast to
2022" report has been added to ResearchAndMarkets.com's
offering.

The marine coatings market is estimated to be USD 4.45 billion in 2017
and is projected to reach USD 5.29 billion by 2022, at a CAGR of 3.50%
from 2017 to 2022.

The growth of the marine coatings market can be attributed to the
continuous growth of the shipbuilding and offshore engineering
industries in emerging economies. However, fluctuating prices of raw
materials used for manufacturing marine coatings and increasing
environmental regulations are the challenges for the growth of the
marine coatings market.

Anti-corrosion coatings are the most widely used type of marine coatings
as they enhance the life as well as quality of structures or surfaces,
wherein they are applied. Anti-corrosion coatings are passive
corrosion-resistant products. These coatings isolate surfaces from
aggressive corrosive agents such as moisture, salts, and acids.

Epoxy marine coatings are widely used in the shipbuilding industry due
to their anti-corrosion properties. These coatings prevent corrosion in
those parts of ships that are continuously exposed to seawater and
ultraviolet (UV) rays. This results in an increased demand for epoxy
marine coatings from the shipping industry, thereby leading to the
growth of the epoxy segment of the marine coatings market.

Key companies supplying marine coatings are:

• PPG Industries (US)
• AkzoNobel (Netherlands)
• Hempel (Denmark)
• Sherwin-Williams (US)
• Jotun (Norway)
• Chugoku Marine Paints (Japan)
• Nippon Paint (Japan)
• Kansai Paint (Japan)
• Axalta (US)
• BASF Coatings (Germany)

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Premium Insights

5. Market Overview

6. Marine Coatings Market, By Resin

7. Marine Coatings Market, By Product Type

8. Marine Coatings Market, By Application

9. Marine Coatings Market, By Region

10. Competitive Landscape

11. Company Profiles

12. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/cbrdfn/global_marine?w=4

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Related
Topics: Maritime,
Paints
and Coatings