Name: Marine Coatings Market by Resin (Epoxy, Alkyd, Others), Product Type (Anti- Corrosion Coating, Anti- Fouling Coating, Others), Application (Cargo Ships, Passenger Ships, Boats, Others) And Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast From 2022 To 2029
Price: 3499 USD
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Author: Exactitude Consultancy
ISBN: 3939

Marine Coatings Market Overview

The global marine coatings market is expected to grow at more than 4% CAGR from 2022 to 2029. It is expected to reach above USD 9.15 billion by 2029 from USD 2.93 billion in 2020.

The surge in global trade has led to a heightened reliance on maritime routes for conducting trade activities worldwide. Consequently, there has been a proliferation in the production of bulk carriers, container ships, and general cargo ships globally, thereby expanding the marine coatings market. Moreover, the increasing demand for marine coatings from emerging economies like China and South Korea is projected to drive the growth of this market on a global scale.

The phenomenon of globalization coupled with the flourishing international trade has spurred considerable growth in maritime shipping operations worldwide. Sea transportation remains the most cost-effective means for transporting bulk goods over long distances. Statistics indicate that over 80% of the world's trade volume is transported via sea routes. Various types of commercial vessels, including container ships, bulk carriers, crude oil tankers, LNG carriers, and general cargo ships, constitute the extensive global merchant fleet facilitating international trade through shipping.

With the proliferation of these commercial vessels, both in numbers and cargo capacity, there is an escalating demand for premium marine coatings to safeguard vessel hulls and cargo tanks. Furthermore, stringent regulations are compelling ship owners and operators to employ advanced marine coatings on their vessels. The International Maritime Organization (IMO) mandates the regular application of foul-release coatings for hull maintenance to enhance fuel efficiency. Tank coating systems are also prescribed by classification societies and charterers to prevent corrosion and contamination during the transportation of bulk liquid cargoes.

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Marine Coatings Market | Exactitude Consultancy[/caption]

Marine Coatings Market Segment Analysis

On the basis of resin, the global marine coatings market has been segmented as epoxy, alkyd, polyurethane and others. The epoxy segment is expected to lead the marine coatings market in the forecast period, in terms of value. The higher demand for epoxy is mainly attributed to its high performance in extreme conditions, high drain interval, better viscosity index, higher shear stability, and chemical resistance. Alkyd is more volatile and is more likely to evaporate than epoxy. Hence, it burns faster. It also has a higher oil carry-over, so it can get into the compressed air network despite the downstream components such as the oil filter and oil separator.

A polyurethane coating is a polyurethane layer applied to the surface of a substrate for the purpose of protecting it. These coatings help protect marine substrates from various types of defects such as corrosion, weathering, abrasion and other deteriorating processes. Other resin types include acrylic, polyester and fluoropolymer. The acrylic is a decorative product that can be implemented to small or wide areas, interior or outer places with a special synthetic infill. Polyester coatings react with the accelerator (e.g., cobalt) and the (peroxide-based) catalyst, generating a highly resistant film that endows the surface with a high level of hardness.

Based on product type, the marine coatings market is divided into anti- corrosion, anti- fouling coating and others. 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. The anti-fouling marine coatings segment will be valued the most. These are applied to the marine vessel to slow down the subaquatic growth, rendering a smoother hull and improved fuel efficiency. Manufacturers are investing in research and development to develop more efficient anti-fouling coatings.

Application segment of the global marine coatings market includes cargo ships, passenger ships, boats and others. Marine coatings are applied to container ships, bulk carriers, tankers, passenger ships and general cargo as they protect surfaces & parts of ships and marine containers from abrasion and corrosion. Corrosion degrades the components and significantly reduces the service life of marine vessels. The ship builders and repair service providers also apply these coatings to improve the visual appearance and aesthetics of the exterior surfaces.

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Marine Coatings Market | Exactitude Consultancy[/caption]

Marine Coatings Market Players

The market is highly competitive with presence of large number of players with strong production capacities. Strategic activities of key players including, production capacity expansion, new product launches and strategic agreements will differentiate themselves in the longer run.

Key market players are PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, LLC, Cabot Corporation., Carboline Company, Delta T & Protective Products., EXCEL India Protective Paints Pvt. Ltd., General Coatings, Jotun, Kansai Paint Co., Ltd.

Industry News:

In December 2021, AkzoNobel N.V. finalised its complete acquisition of New Nautical Coatings as a strategic move to sustain a strong position in Yacht coating business in New York.
In September 2021 The Eastern Coatings show , organised by Eastern coatings Federation has been postponed to November (17-19 likely) 2021 so as to allot time for complete vaccination of its members, sponsors, and partners to ensure a safe environment for the conference.
In January 2021, PPG Pittsburgh PA acquired Versaflex, a paint and coatings manufacturer specialized in polyuria and flooring coatings, this acquisition is expected to widen the marget segment and market penetration area for PPG.

Who Should Buy? Or Key stakeholders

Research Centers
Ship Building Industry
Marine industry
Coating manufacturers
Chemical Industry
Raw Material suppliers
Investors

Key Takeaways

The global marine coatings market is expected to grow at more than 4% CAGR.
On the basis of resin, the epoxy segment is expected to lead the marine coatings market in the forecast period.
Based on product type, the anti-fouling marine coatings segment will be valued the most.
Application segment of the global marine coatings market is dominated by cargo ships.
Asia Pacific accounts for the largest revenue share in the marine coatings market.
Growing demand for eco-friendly and sustainable marine coatings to minimize environmental impact.

Marine Coatings Market Regional Analysis

The marine coatings market by region includes North America, Europe, Asia-Pacific (APAC), South America, and Middle East & Africa (MEA). Asia Pacific accounts for the largest revenue share in the marine coatings market which is mainly attributed to the large new ship construction in China, Japan and South Korea. The availability of inexpensive & skilled labor has motivated shipbuilding companies to establish production plant across the region.

The presence of favorable geographical locations facilitating efficient and smooth sea trade is supporting the marine coatings market growth. Government organizations are providing financial as well as regulatory support to promote the shipbuilding industry.

North America: includes the US, Canada, Mexico
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

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Marine Coatings Market | Exactitude Consultancy[/caption]

Key Market Segments:

Marine Coatings Market by Resin, 2022-2029, (USD Million)

EPOXY
ALKYD
POLYURATHENE
Others

Marine Coatings Market by Product Type, 2022-2029, (USD Million)

ANTI- CORROSION
ANTI- FOULING COATING
Others

Marine Coatings Market by Application, 2022-2029, (USD Million)

Cargo Ships
Passenger Ships
Boats
Others

Marine Coatings Market by Region, 2022-2029, (USD Million)

North America
Europe
Asia Pacific
South America
The Middle East and Africa

Important Countries in All Regions Are Covered (Total Country Profiles 25)

Key Question Answered

Who are the major players in the Marine Coatings market?
What are the regional growth trends and the largest revenue-generating regions in the Marine Coatings market?
What are the major drivers and challenges in the Marine Coatings market?
What are the major product type segments in the Marine Coatings market?
What are the major applications in the Marine Coatings market?

INTRODUCTION
1. MARKET DEFINITION
2. MARKET SEGMENTATION
3. RESEARCH TIMELINES
4. ASSUMPTIONS AND LIMITATIONS

RESEARCH METHODOLOGY
1. DATA MINING
  1. SECONDARY RESEARCH
  2. PRIMARY RESEARCH
  3. SUBJECT-MATTER EXPERTS’ ADVICE
2. QUALITY CHECKS
  1. FINAL REVIEW
3. DATA TRIANGULATION
  1. BOTTOM-UP APPROACH
  2. TOP-DOWN APPROACH
  3. RESEARCH FLOW
4. DATA RESINS

EXECUTIVE SUMMARY

MARKET OVERVIEW
1. GLOBAL MARINE COATINGS MARKET OUTLOOK
  1. MARKET DRIVERS
  2. MARKET RESTRAINTS
  3. MARKET OPPORTUNITIES
2. IMPACT OF COVID-19 ON GLOBAL MARINE COATINGS MARKET

GLOBAL MARINE COATINGS MARKET BY RESIN, (USD MILLION)
1. EPOXY
2. ALKYD
3. POLYURETHANE
4. OTHERS

GLOBAL MARINE COATINGS MARKET BY PRODUCT TYPE, (USD MILLION)
1. ANTI- CORROSION COATING
2. ANTI- FOULING COATING
3. OTHERS

GLOBAL MARINE COATINGS MARKET BY APPLICATION, (USD MILLION)
1. CARGO SHIPS
2. PASSENGER SHIPS
3. BOATS
4. OTHERS

GLOBAL MARINE COATINGS MARKET BY REGION, (USD MILLION)
1. INTRODUCTION
2. ASIA-PACIFIC
  1. CHINA
  2. INDIA
  3. JAPAN
  4. SOUTH KOREA
  5. AUSTRALIA
  6. SOUTH-EAST ASIA
  7. REST OF ASIA-PACIFIC
3. NORTH AMERICA
  1. UNITED STATES
  2. CANADA
  3. MEXICO
4. EUROPE
  1. GERMANY
  2. UNITED KINGDOM
  3. FRANCE
  4. ITALY
  5. SPAIN
  6. RUSSIA
  7. REST OF EUROPE
5. SOUTH AMERICA
  1. BRAZIL
  2. ARGENTINA
  3. COLOMBIA
  4. REST OF SOUTH AMERICA
6. MIDDLE EAST AND AFRICA
  1. UAE
  2. SAUDI ARABIA
  3. SOUTH AFRICA
  4. REST OF MIDDLE EAST AND AFRICA

COMPANY PROFILES*(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCT TYPES OFFERED, RECENT DEVELOPMENTS)
1. JOTUN
2. PPG INDUSTRIES
3. SHERWIN-WILLIAMS
4. NIPPON PAINT
5. HYUNDAI SAMHO
6. SAMSUNG HEAVY INDUSTRIES
7. CHUGOKU MARINE PAINTS
8. OTHERS *THE COMPANY LIST IS INDICATIVE

LIST OF TABLES

TABLE 1 GLOBAL MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 2 GLOBAL MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 3 GLOBAL MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 4 GLOBAL MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 5 GLOBAL MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 6 GLOBAL MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 7 GLOBAL MARINE COATINGS MARKET BY REGION (USD MILLIONS), 2019-2028

TABLE 8 GLOBAL MARINE COATINGS MARKET BY REGION (KILOTONS), 2019-2028

TABLE 9 NORTH AMERICA MARINE COATINGS MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 10              NORTH AMERICA MARINE COATINGS MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 11              US MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 12              US MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 13              US MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 14              US MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 15              US MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 16              US MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 17              CANADA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 18              CANADA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 19              CANADA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 20              CANADA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 21              CANADA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 22              CANADA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 23              MEXICO MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 24              MEXICO MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 25              MEXICO MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 26              MEXICO MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 27              MEXICO MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 28              MEXICO MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 29              SOUTH AMERICA MARINE COATINGS MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 30              SOUTH AMERICA MARINE COATINGS MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 31              BRAZIL MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 32              BRAZIL MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 33              BRAZIL MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 34              BRAZIL MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 35              BRAZIL MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 36              BRAZIL MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 37              ARGENTINA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 38              ARGENTINA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 39              ARGENTINA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 40              ARGENTINA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 41              ARGENTINA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 42              ARGENTINA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 43              COLOMBIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 44              COLOMBIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 45              COLOMBIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 46              COLOMBIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 47              COLOMBIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 48              COLOMBIA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 49              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 50              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 51              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 52              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 53              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 54              REST OF SOUTH AMERICA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 55              ASIA-PACIFIC MARINE COATINGS MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 56              ASIA-PACIFIC MARINE COATINGS MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 57              INDIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 58              INDIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 59              INDIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 60              INDIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 61              INDIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 62              INDIA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 63              CHINA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 64              CHINA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 65              CHINA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 66             CHINA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 67             CHINA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 68             CHINA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 69             JAPAN MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 70             JAPAN MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 71             JAPAN MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 72             JAPAN MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 73             JAPAN MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 74             JAPAN MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 75             SOUTH KOREA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 76             SOUTH KOREA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 77             SOUTH KOREA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 78             SOUTH KOREA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 79             SOUTH KOREA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 80             SOUTH KOREA SANITARYWARE MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 81             AUSTRALIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 82             AUSTRALIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 83             AUSTRALIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 84             AUSTRALIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 85             AUSTRALIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 86             AUSTRALIA SANITARYWARE MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 87             SOUTH EAST ASIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 88             SOUTH EAST ASIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 89             SOUTH EAST ASIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 90             SOUTH EAST ASIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 91             SOUTH EAST ASIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 92             SOUTH EAST ASIA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 93             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 94             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 95             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 96             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 97             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 98             REST OF ASIA PACIFIC MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 99             EUROPE MARINE COATINGS MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 100            EUROPE MARINE COATINGS MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 101            GERMANY MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 102            GERMANY MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 103            GERMANY MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 104            GERMANY MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 105            GERMANY MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 106            GERMANY MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 107            UK MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 108            UK MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 109            UK MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 110            UK MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 111            UK MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 112            UK MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 113            FRANCE MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 114            FRANCE MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 115            FRANCE MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 116            FRANCE MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 117            FRANCE MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 118            FRANCE MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 119            ITALY MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 120            ITALY MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 121            ITALY MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 122            ITALY MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 123            ITALY MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 124            ITALY SANITARYWARE MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 125            SPAIN MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 126            SPAIN MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 127            SPAIN MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 128            SPAIN MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 129            SPAIN MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 130            SPAIN SANITARYWARE MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 131            RUSSIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 132            RUSSIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 133            RUSSIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 134            RUSSIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 135            RUSSIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 136            RUSSIA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 137            REST OF EUROPE MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 138            REST OF EUROPE MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 139            REST OF EUROPE MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 140            REST OF EUROPE MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 141            REST OF EUROPE MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 142            REST OF EUROPE MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 143            MIDDLE EAST AND AFRICA MARINE COATINGS MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 144            MIDDLE EAST AND AFRICA MARINE COATINGS MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 145            UAE MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 146            UAE MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 147            UAE MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 148            UAE MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 149            UAE MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 150            UAE MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 151           SAUDI ARABIA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 152           SAUDI ARABIA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 153           SAUDI ARABIA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 154           SAUDI ARABIA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 155           SAUDI ARABIA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 156           SAUDI ARABIA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 157           SOUTH AFRICA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 158           SOUTH AFRICA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 159           SOUTH AFRICA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 160           SOUTH AFRICA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 161           SOUTH AFRICA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 162           SOUTH AFRICA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

TABLE 163           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY RESIN (USD MILLIONS), 2019-2028

TABLE 164           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY RESIN (KILOTONS), 2019-2028

TABLE 165           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY PRODUCT TYPE (USD MILLIONS), 2019-2028

TABLE 166           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY PRODUCT TYPE (KILOTONS), 2019-2028

TABLE 167           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY APPLICATION (USD MILLIONS), 2019-2028

TABLE 168           REST OF MIDDLE EAST & AFRICA MARINE COATINGS MARKET BY APPLICATION (KILOTONS), 2019-2028

LIST OF FIGURES

FIGURE 1             MARKET DYNAMICS

FIGURE 2             MARKET SEGMENTATION

FIGURE 3             REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4             DATA TRIANGULATION

FIGURE 5             BOTTOM-UP APPROACH

FIGURE 6             TOP-DOWN APPROACH

FIGURE 7             RESEARCH FLOW

FIGURE 8             GLOBAL MARINE COATINGS MARKET BY RESIN, USD MILLION, 2019-2028

FIGURE 9             GLOBAL MARINE COATINGS MARKET BY APPLICATION, USD MILLION, 2019-2028

FIGURE 10           GLOBAL MARINE COATINGS MARKET BY PRODUCT TYPE USD MILLION, 2019-2028

FIGURE 11           GLOBAL MARINE COATINGS MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 12           PORTER’S FIVE FORCES MODEL

FIGURE 13           GLOBAL MARINE COATINGS MARKET BY RESIN, USD MILLION, 2019-2028

FIGURE 14           GLOBAL MARINE COATINGS MARKET BY APPLICATION, USD MILLION, 2019-2028

FIGURE 15           GLOBAL MARINE COATINGS MARKET BY PRODUCT TYPE USD MILLION, 2019-2028

FIGURE 16           GLOBAL MARINE COATINGS MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 17           MARINE COATINGS MARKET BY REGION 2020

FIGURE 18           MARKET SHARE ANALYSIS

FIGURE 19           JOTUN: COMPANY SNAPSHOT

FIGURE 20           PPG INDUSTRIES: COMPANY SNAPSHOT

FIGURE 21           SHERWIN-WILLIAMS: COMPANY SNAPSHOT

FIGURE 22           NIPPON PAINT: COMPANY SNAPSHOT

FIGURE 23           HYUNDAI SAMHO: COMPANY SNAPSHOT

FIGURE 24           SAMSUNG HEAVY INDUSTRIES: COMPANY SNAPSHOT

FIGURE 25           CHUGOKU MARINE PAINTS: COMPANY SNAPSHOT

Identifying Key Products in the Market

The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.

Segmenting the Market and Products

Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.

Identifying and Classifying Key Application Segments

Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.

Calculating Market Size Using TopDown and BottomUp Approaches

Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.

Calculating the CAGR for the Market

The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.

Sources for Secondary or Desk Research

Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.

Marine Coatings Market

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