Market Overview:
The global marine epoxy putty market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for epoxy putty in hulls, mast and stringers, decks, interiors, and other applications. In terms of type, the water-based epoxy putty segment is expected to lead the market during the forecast period owing to its properties such as low viscosity and non-toxic nature. In terms of region, North America is expected to lead the global marine epoxy putty market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A two-part epoxy putty used to fill, patch, and seal holes and cracks in fiberglass boats. It is important because it forms a waterproof seal that will not corrode or deteriorate over time.
Water-based Epoxy Putty:
Water-based epoxy putty is a flexible, water-soluble polymer that sets into an adhesive film when wet. It can be molded and extruded like other polymers but has the advantage of being fully soluble in water while it is still wet. This makes it ideal for use as a caulking material in marine applications where high flexibility and low set time are required.
Oil-based Epoxy Putty:
Oil-based epoxy putty is a flexible, durable and waterproofing material that contains an oil-based polymer binder mixed with an epoxy resin. The product is primarily used in the marine industry for caulking, sealing and coating applications. It can also be used as a gap filling material in flooring applications.
The global oil-based epoxy putty market size was valued at USD 685 million in 2016.
Application Insights:
The decks segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. The growth can be attributed to an increase in demand for marine epoxy putty as decking material on account of superior properties including weather resistance, UV stability, chemical resistance and high-gloss finish.
The hulls segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing use of marine epoxy putty in manufacturing fiberglass-reinforced plastic (FRP) boats that are used for rescue operations, water pollution control, leisure fishing trips and commercial cargo transportation among others. FRP boats have several advantages including low maintenance cost, weight reduction and enhanced seaworthiness over traditional wooden boats; these factors are likely to drive the product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global trade, owing to low labor costs coupled with high foreign investments. Increasing demand from shipbuilding as well as other industries is anticipated to drive the market growth over the coming years.
The growing manufacturing sector in emerging economies such as China and India are likely to boost product demand across numerous applications including interiors, mast and stringers, hulls, etc., thereby augmenting industry growth in Asia Pacific. Rapidly expanding shipbuilding sector due to increasing maritime trade activities along with rising offshore oil & gas exploration activities will further propel industry expansion over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to stringent regulations by IMO (International Maritime Organization) regarding marine pollution caused by petroleum based products used on board ships resulting into ban on such paints or coatings since 2010 under Marine Environmental Protection Act (MEPA).
Growth Factors:
- Increasing demand for marine epoxy putty from the construction and automotive industries as a result of its superior properties such as high strength, durability, and resistance to corrosion.
- Growing popularity of epoxy putty among DIY enthusiasts and hobbyists for repairing boats, fishing rods, kayaks, canoes, etc.
- Rising awareness about the benefits of using marine epoxy putty among consumers due to increasing number of online reviews and product demonstrations by experts.
- Proliferation of advanced manufacturing technologies that have helped reduce the production costs of marine epoxy putty resulting in lower prices making it more affordable for consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Epoxy Putty Market Research Report
By Type
Water-based Epoxy Putty, Oil-based Epoxy Putty
By Application
Hulls, Mast and Stringers, Decks, Interiors, Others
By Companies
Protective Coating Company, DuPont, BASF, Nippon Paint, AkzoNobel, Jotun, Hempel, PPG Industries, Kansai, Chugoku Marine Paints, Sherwin-Williams
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Marine Epoxy Putty Market Report Segments:
The global Marine Epoxy Putty market is segmented on the basis of:
Types
Water-based Epoxy Putty, Oil-based Epoxy Putty
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
Hulls, Mast and Stringers, Decks, Interiors, Others
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:
- Protective Coating Company
- DuPont
- BASF
- Nippon Paint
- AkzoNobel
- Jotun
- Hempel
- PPG Industries
- Kansai
- Chugoku Marine Paints
- Sherwin-Williams
Highlights of The Marine Epoxy Putty 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 Epoxy Putty
- Oil-based Epoxy Putty
- By Application:
- Hulls
- Mast and Stringers
- Decks
- Interiors
- Others
- 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 Marine Epoxy Putty 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Marine epoxy putty is a type of putty that is used to repair cracks and other damage on boats, ships, and other marine equipment. It is made from a mixture of epoxy resin and hardener.
Some of the major companies in the marine epoxy putty market are Protective Coating Company, DuPont, BASF, Nippon Paint, AkzoNobel, Jotun, Hempel, PPG Industries, Kansai, Chugoku Marine Paints, Sherwin-Williams.
The marine epoxy putty market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Epoxy Putty 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 Marine Epoxy Putty Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Epoxy Putty 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 Marine Epoxy Putty 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 Marine Epoxy Putty Market Size & Forecast, 2018-2028
4.5.1 Marine Epoxy Putty Market Size and Y-o-Y Growth
4.5.2 Marine Epoxy Putty Market Absolute $ Opportunity
Chapter 5 Global Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Type
5.2.1 Water-based Epoxy Putty
5.2.2 Oil-based Epoxy Putty
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Applications
6.2.1 Hulls
6.2.2 Mast and Stringers
6.2.3 Decks
6.2.4 Interiors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Epoxy Putty 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 Marine Epoxy Putty 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 Marine Epoxy Putty Analysis and Forecast
9.1 Introduction
9.2 North America Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Type
9.6.1 Water-based Epoxy Putty
9.6.2 Oil-based Epoxy Putty
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 Marine Epoxy Putty Market Size Forecast by Applications
9.10.1 Hulls
9.10.2 Mast and Stringers
9.10.3 Decks
9.10.4 Interiors
9.10.5 Others
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 Marine Epoxy Putty Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Type
10.6.1 Water-based Epoxy Putty
10.6.2 Oil-based Epoxy Putty
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 Marine Epoxy Putty Market Size Forecast by Applications
10.10.1 Hulls
10.10.2 Mast and Stringers
10.10.3 Decks
10.10.4 Interiors
10.10.5 Others
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 Marine Epoxy Putty Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Type
11.6.1 Water-based Epoxy Putty
11.6.2 Oil-based Epoxy Putty
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 Marine Epoxy Putty Market Size Forecast by Applications
11.10.1 Hulls
11.10.2 Mast and Stringers
11.10.3 Decks
11.10.4 Interiors
11.10.5 Others
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 Marine Epoxy Putty Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Epoxy Putty 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 Marine Epoxy Putty Market Size Forecast by Type
12.6.1 Water-based Epoxy Putty
12.6.2 Oil-based Epoxy Putty
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 Marine Epoxy Putty Market Size Forecast by Applications
12.10.1 Hulls
12.10.2 Mast and Stringers
12.10.3 Decks
12.10.4 Interiors
12.10.5 Others
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) Marine Epoxy Putty Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Epoxy Putty 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) Marine Epoxy Putty Market Size Forecast by Type
13.6.1 Water-based Epoxy Putty
13.6.2 Oil-based Epoxy Putty
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) Marine Epoxy Putty Market Size Forecast by Applications
13.10.1 Hulls
13.10.2 Mast and Stringers
13.10.3 Decks
13.10.4 Interiors
13.10.5 Others
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 Marine Epoxy Putty Market: Competitive Dashboard
14.2 Global Marine Epoxy Putty Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Protective Coating Company
14.3.2 DuPont
14.3.3 BASF
14.3.4 Nippon Paint
14.3.5 AkzoNobel
14.3.6 Jotun
14.3.7 Hempel
14.3.8 PPG Industries
14.3.9 Kansai
14.3.10 Chugoku Marine Paints
14.3.11 Sherwin-Williams
