In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Data Bridge Market Research analyses that the marine coatings market which was USD 4.96 billion in 2022, would rocket up to USD 9.26 billion by 2030, and is expected to undergo a CAGR of 8.11% during the forecast period. “Epoxy” dominates the type of resins segment due to which has a variety of features including chemical and water resistance, high durability, and great adhesive property.

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Market Analysis and Insights 

Marine coating is used for protection against UV radiation, fouling, ingestion, and salt water, and is employed under marine conditions. It is necessary that the ship is protected both from below and above the shore. The coatings adhere to any surface and make it water impenetrable. In addition, for protecting against rust, marine coatings play a crucial role. In addition, they exhibit the capacity to effectively protect parts or components of ships against oxidation, which depends on technical parameters such as crack resistances; higher mechanical strength; enhanced adhesion; and fundamental corrosion protection through galvanic, barrier, or inhibition effects. These coatings further provide superior protection against corrosion or rust that increase the service life of the vessel.Marine coatings are mostly used as protective coatings that are applied, among other items, to the surface of ships, cruises, yachts, oil rigs and bridges. To protect against corrosion and fouling, these coatings are used to increase the shelf life of offshore structures and marine vessels. Marine coatings protect the surfaces from damage caused by UV radiation above the waterline along with corrosion and fouling below the waterline.

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Marine Coatings Market Scope

The global marine coatings market is segmented on the basis of type, surface, type of resins, technology, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying cor​​​​​​​e market applications.

Type

• Anti-Corrosion

• Foul Release

• Anti-Fouling

• Anti-Slip

• Primer

• Varnish

• Chemical Resistant

• Others

Surface

• Concrete

• Fiberglass

• Metal

• Wood

Type of Resins

• Acrylic

• Alkyds

• Epoxy

• Polyurethane

• Others

Technology

• Waterborne

• Solventborne

Application

• Containers

• Cargo Ships

• Offshore Vessels

• Tankers

• Others

Distribution Channel

• Original Equipment Manufacturers (OEM)

• Aftermarkets

 Competitive Landscape and Marine Coatings Market Share Analysis

The global marine coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global marine coatings market.

Some of the major players operating in the Marine Coatings market are:

• PPG Industries, Inc., (U.S.)

• Akzo Nobel N.V., (Netherlands)

• Axalta Coating Systems, LLC (U.S.)

• Cabot Corporation. (U.S.)

• Carboline Company (U.S.)

• Delta T & Protective Products. (Canada)

• EXCEL India Protective Paints Pvt. Ltd. (India)

• General Coatings (U.S.)

• Jotun (Norway)

• Kansai Paint Co.,Ltd. (Japan)

• Lincoln Industries (U.S.)

• Mascoat (U.S.)

• Mathur Corr Tech Private Limited. (India)

• Nippon Paint Holdings Co., Ltd. (Japan)

• Sharpshell Engineering (South Africa)

• The Sherwin-Williams Company (U.S.)

• Chugoku Marine Paints, Ltd. (Japan)

• BASF SE, (Germany)

• Boero (Turkey)

• Hempel A/S (Denmark)

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