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Marine Coatings Market to Set Amazing Growth by Key Players | PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation

Marine Coatings Market research report provides market data for several segments such as technologies, services and applications across many geographical areas. Market research analysis performed in this report hopefully lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing. A panel of skilled analysts, well-versed statisticians, knowledgeable research experts, enthusiastic forecasters, and smart economists work carefully to generate such a great market research report for the businesses. Not to mention, various steps for gathering, analysing and recording the data and information have been utilized for generating the report.

Global Marine Coatings Market is expected to rise from its initial estimated value of USD 3.67 billion in 2018 to an estimated value of USD 6.76 billion by 2026, registering a CAGR of 7.95% in the forecast period of 2019-2026.

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To protect the ships, tankers, vessels and others from the saline water or fresh water, a type of protective coating is used which is called marine coatings. They are waterproof and are corrosion resistant and abrasion resistant. Film drying and air setting, laser fusing and laser marking, reactive and moisture curing, UV radiation are some of the technologies which are included in the marine coatings. They are used in the substrate made of aluminium, steel, fibres or fabrics, asphalt, bitumen, plastics and others depending on the technology.

Drivers and Restraints of the Marine Coatings market

Market Drivers:

Requirement for the repairing and maintenance of the ship is driving the growth of the market

They are excellent oil, water, chemical and weather resistance.

Market Restraints:

The strict environmental regulation on the production of the protective coating is restraining the growth of this market.

Increasing cost of the raw materials is restraining market growth

Competitive Analysis:

The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as PPG Industries, Inc., Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings Corporation, Jotun, Kansai Paint Co., Ltd., Lincoln Industries, Mascoat, Mathur Corr-Tech Private. Limited., Nippon Paint Holdings.

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Global Marine Coatings Market Segmentation:

By Resin: Epoxy, Alkyd, Polyurethane, Acrylic, Polyester, Fluoropolymer

By Applications: Cargo Ships, Passenger Ship, Boat

By Marine Segment: Dry Docking, New Shipbuilding

By End- Use: Marine, Oil & Gas, Industrial, Construction, Energy and Power

To comprehend Marine Coatings market dynamics in the world mainly, the worldwide Marine Coatings market is analyzed across major global regions.

North America: United States, Canada, and Mexico.

South & Central America: Argentina, Chile, and Brazil.

Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.

Europe: UK, France, Italy, Germany, Spain, and Russia.

Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

Key Stakeholders/Global Reports:

Marine Coatings Manufacturers

Marine Coatings Distributors/Traders/Wholesalers

Marine Coatings Subcomponent Manufacturers

Industry Association

Downstream Vendors

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