Marine Coatings Market Segmentation Application, Technology & Market Analysis Report

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MARINE COATINGS MARKET - Global Industry
Insights, Trends, Size, Share, Outlook, and
Opportunity Analysis, 2017-25

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REPORT DESCRIPTION
Marine Coatings Market Overview
Marine coatings are used in marine environments
for protection against corrosion, fouling, and UV
radiation. The protection of the ship both above
and below the waterline is crucial. Above the
waterline, marine coatings help prevent damage
due to UV radiation. Moreover, application of
marine coatings below the waterline help prevent
fouling and corrosion. An increase in life of
marine vessels and equipment is observed on
application of marine coatings. There is a
tendency of corrosion due to exposure to hostile
marine environments. The consequences of
corrosion are larger than the price incurred in
preventing it, hence marine coatings have become
a vital part of the shipping and shipbuilding
industries. In addition, fuel consumption is
reduced if the ship is in optimal shape. The
major challenges are environmental regulations
against leachable coatings. High VOC coats on
leaching have an adverse effect on marine
ecosystems. Furthermore, oil price instability
has led to raw material price fluctuations which
will slow down market growth in the forecast
period.
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REPORT DESCRIPTION
Marine Coatings Market Taxonomy

• On basis of Product Type
• Anti-Fouling
• Foul Release
• Slime Release
• Anti-Corrosion
• Epoxy based
• Polyurethane
• Water based
• Others
• On basis of Application
• Marine
• Freight Containers
• Fishing Vessels
• Shipyards Ports

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REPORT DESCRIPTION
Marine Coatings Market Taxonomy
Anti-fouling agents are applied on the marine
vessels and equipment to prevent bio-fouling,
which is the growth of algae, micro-organisms,
plants, and animals. Increase in drag is observed
due to bio-fouling which results in soaring fuel
costs. The application of foul release agents
makes the surface of material smooth, low
friction and slippery, not allowing fouling
organisms to attach to the surface. These are
eco-friendly substitutes for anti-fouling
agents. The largest end user is the marine
industry. As it operates in the midst of a highly
corrosive saline environment. The need for
frequent dry docking is reduced by coating and
directly translates into reduced operating costs
as dry docking is an expensive process. The oil
gas industry employs marine coatings on subsea
equipment that are subjected to hostile pressure
and temperature conditions in deep-water and
ultra-deep-water zones. Request Smaple of Marine
Coating Market https//www.coherentmarketinsights
.com/insight/request-sample/480
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REPORT DESCRIPTION
Marine Coatings Market Outlook

• Asia Pacific is the largest market for marine
  coatings. This is driven by both the marine and
  oil gas industry. Increasing demand for energy
  in emerging economies of India, China, Indonesia,
  Philippines and ASEAN has boosted exploration and
  production activities in this region. Moreover,
  demand for goods has been followed by increased
  shipping and shipbuilding activity in this region
  which in turn has driven the marine coatings
  market. In addition, the development of this
  region as a low cost manufacturing zone has also
  increased shipping.
• North America and Europe are the largest markets
  for boats, yachts and cruise liners, though these
  account for a relatively small market share in
  the marine industry. The luxury cruise liner
  segment is the fastest growing in these regions.
• Middle East and North Africa are crude oil rich
  zones. The oil tanker segment is a major player
  in this region. The oil produced in these regions
  is exported to Asian, European and North American
  markets.
• Request to view the table of Content

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