Market Overview:
The global anti-corrosion coatings for ship market is estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of XX%, during the forecast period. The growth of the market can be attributed to the increasing demand for maritime transportation and rising concerns over corrosion in marine vessels. Based on type, the water-based coatings segment is expected to lead the global anti-corrosion coatings for ship market during the forecast period. This can be attributed to their environmental friendliness and low toxicity as compared with solvent-based coatings. In terms of application, inland watercraft are expected to lead the global market during the forecast period. This can be attributed to their high demand in countries such as China and India due to increasing trade activities between these countries and other parts of Asia Pacific.
Product Definition:
Anti-corrosion coatings for ship are a type of paints or sealants that are applied to the metal surfaces of a vessel to protect them from corrosion. These coatings form a barrier between the metal and the environment, preventing moisture and other elements from coming into contact with the metal and causing corrosion. Anti-corrosion coatings are important for ships because they help protect the vessel from damage caused by corrosion, which can lead to costly repairs or even replacement of the ship.
Water-based Coatings:
Water-based coatings are widely used in the shipbuilding industry on account of their environment-friendly nature. Increasing environmental concerns and stringent regulations by EPA, REACH, and EU Commission are expected to drive the demand for waterborne coatings over the forecast period.
The anti-corrosion coating is applied on steel structures to protect them from moisture & corrosion which may cause expensive damage to a structure if not taken care of properly.
Solvent-based Coatings:
Solvent-based coatings are widely used in the shipbuilding industry for applications such as anti-corrosion, wood finishing and others. Solvent-based coatings have low Volatile Organic Compounds (VOC) content which makes them environment friendly. The solvents in solvent based coating allow better penetration of the paint layers into the substrate which reduces drying time and provides a smooth finish to it.
Application Insights:
Inland watercraft was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing government spending on infrastructure development, particularly in developing countries like India and China. These factors are likely to increase product demand for inland watercraft applications over the next eight years.
The marine ships segment is also projected to witness significant growth during the same period owing to rising demand from oil & gas companies for their offshore facilities and rigs, which are currently serviced by chemical products available in global markets. Furthermore, growing awareness about advanced anti-corrosion coatings among ship owners will drive industry expansion further during this period of time. Increasing use of these products by governments worldwide as they provide cost-effective protection against corrosion will boost industry expansion further during this period of time.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to continue its dominance over the forecast period. The growth of this region can be attributed to increasing foreign investments in shipbuilding sector coupled with rising demand for coastal shipping from developing economies, such as China, India, Thailand and Indonesia. In addition, growing trade activities between Asia Pacific countries are expected to boost product demand further.
The marine industry in Europe has been witnessing steady growth since past few years on account of increasing inland waterway traffic and cruise tourism along with growing offshore fishing activity across U.K., Germany, France and Spain among other countries within the region. However; recent outbreak of COVID-19 at sea ports across Europe is expected to hamper market development over next few years due to slowdown or halt in supply & transport operations at these locations which would affect anti-corrosion coatings sales volume also depends upon various factors such as port congestion/closure due weather conditions or lack of vessels etc.
Growth Factors:
- Increasing demand for maritime transport: The global seaborne trade has been registering a steady growth in recent years. This is primarily attributed to the increasing demand for goods and commodities from developing countries. As a result, the need for anti-corrosion coatings for ships is also expected to grow in the coming years.
- Proliferation of new shipping technologies: With the advent of new shipping technologies such as LNG carriers and cruise liners, there is an increased demand for anti-corrosion coatings that can withstand extreme weather conditions and high temperatures.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations governing maritime transport operations. These regulations mandate the use of environmentally friendly coatings systems on ships, which is likely to drive market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Anti-Corrosion Coatings for Ship Market Research Report
By Type
Water-based Coatings, Solvent-based Coatings, Other
By Application
Inland watercraft, Marine Ships, Other
By Companies
AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, Jotun, RPM International, Nippon Paint, BASF, Chugoku, AkzoNobel, Axalta, Sika, Kansai Paint
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Anti-Corrosion Coatings for Ship Market Report Segments:
The global Anti-Corrosion Coatings for Ship market is segmented on the basis of:
Types
Water-based Coatings, Solvent-based Coatings, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Inland watercraft, Marine Ships, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- PPG
- Sherwin-Williams
- Henkel
- Valspar
- Jotun
- RPM International
- Nippon Paint
- BASF
- Chugoku
- AkzoNobel
- Axalta
- Sika
- Kansai Paint
Highlights of The Anti-Corrosion Coatings for Ship Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-based Coatings
- Solvent-based Coatings
- Other
- By Application:
- Inland watercraft
- Marine Ships
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Anti-Corrosion Coatings for Ship Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Anti-corrosion coatings are a type of coating that is used on ships to protect them from corrosion.
Some of the key players operating in the anti-corrosion coatings for ship market are AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, Jotun, RPM International, Nippon Paint, BASF, Chugoku, AkzoNobel, Axalta, Sika, Kansai Paint.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Anti-Corrosion Coatings for Ship Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Anti-Corrosion Coatings for Ship Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Anti-Corrosion Coatings for Ship Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Anti-Corrosion Coatings for Ship Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Anti-Corrosion Coatings for Ship Market Size & Forecast, 2018-2028
4.5.1 Anti-Corrosion Coatings for Ship Market Size and Y-o-Y Growth
4.5.2 Anti-Corrosion Coatings for Ship Market Absolute $ Opportunity
Chapter 5 Global Anti-Corrosion Coatings for Ship Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Anti-Corrosion Coatings for Ship Market Size Forecast by Type
5.2.1 Water-based Coatings
5.2.2 Solvent-based Coatings
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Anti-Corrosion Coatings for Ship Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
6.2.1 Inland watercraft
6.2.2 Marine Ships
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Anti-Corrosion Coatings for Ship Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Anti-Corrosion Coatings for Ship Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Anti-Corrosion Coatings for Ship Analysis and Forecast
9.1 Introduction
9.2 North America Anti-Corrosion Coatings for Ship Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Anti-Corrosion Coatings for Ship Market Size Forecast by Type
9.6.1 Water-based Coatings
9.6.2 Solvent-based Coatings
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
9.10.1 Inland watercraft
9.10.2 Marine Ships
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Anti-Corrosion Coatings for Ship Analysis and Forecast
10.1 Introduction
10.2 Europe Anti-Corrosion Coatings for Ship Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Anti-Corrosion Coatings for Ship Market Size Forecast by Type
10.6.1 Water-based Coatings
10.6.2 Solvent-based Coatings
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
10.10.1 Inland watercraft
10.10.2 Marine Ships
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Anti-Corrosion Coatings for Ship Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Anti-Corrosion Coatings for Ship Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Anti-Corrosion Coatings for Ship Market Size Forecast by Type
11.6.1 Water-based Coatings
11.6.2 Solvent-based Coatings
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
11.10.1 Inland watercraft
11.10.2 Marine Ships
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Anti-Corrosion Coatings for Ship Analysis and Forecast
12.1 Introduction
12.2 Latin America Anti-Corrosion Coatings for Ship Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Anti-Corrosion Coatings for Ship Market Size Forecast by Type
12.6.1 Water-based Coatings
12.6.2 Solvent-based Coatings
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
12.10.1 Inland watercraft
12.10.2 Marine Ships
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Anti-Corrosion Coatings for Ship Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Anti-Corrosion Coatings for Ship Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Anti-Corrosion Coatings for Ship Market Size Forecast by Type
13.6.1 Water-based Coatings
13.6.2 Solvent-based Coatings
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Anti-Corrosion Coatings for Ship Market Size Forecast by Applications
13.10.1 Inland watercraft
13.10.2 Marine Ships
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Anti-Corrosion Coatings for Ship Market: Competitive Dashboard
14.2 Global Anti-Corrosion Coatings for Ship Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 PPG
14.3.3 Sherwin-Williams
14.3.4 Henkel
14.3.5 Valspar
14.3.6 Jotun
14.3.7 RPM International
14.3.8 Nippon Paint
14.3.9 BASF
14.3.10 Chugoku
14.3.11 AkzoNobel
14.3.12 Axalta
14.3.13 Sika
14.3.14 Kansai Paint
