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