Market Overview:
The global merchant ship coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-quality and durable coatings for merchant ships across the globe. In terms of type, the premium high gloss marine varnish segment is expected to lead the global merchant ship coating market during the forecast period, followed by high-durability marine gloss enamel and double layer pastel topcoat segments. The power boats application segment is expected to lead the global merchant ship coating market during 2018–2030, followed by wooden boats and racing yachts segments.
Product Definition:
Merchant ship coating is the application of a protective coating to a merchant vessel in order to extend the vessel's life and improve its performance. The main importance of merchant ship coating is that it protects the vessel from corrosion and other damage, which can shorten its lifespan or impair its performance.
Premium High Gloss Marine Varnish:
The global premium high gloss marine varnish market size was valued at USD 5.6 million in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand in merchant ship coating applications. The product has superior properties such as UV resistance, anti-corrosion, abrasion & scratch resistance along with a high degree of hardness which makes it suitable for application on ferries, cruise ships and other large watercrafts.
High-durability Marine Gloss Enamel:
High-durability marine gloss enamel is a type of paint, which is used for coating the hulls and superstructure of merchant ships. The product has high resistance to corrosion and abrasion, due to which it can last for several years in seawater. It also provides excellent protection against UV rays; this factor helps increase the ship’s operational life by several years.
Application Insights:
The demand for merchant ships is witnessing a paradigm shift due to the changing consumer trends and increasing disposable income. The power boats segment dominated the global market in terms of revenue in 2017, owing to rising demand from countries such as U.S., China, India and Brazil. In addition, technological advancements coupled with economies of scale are expected to drive growth over the forecast period.
Wooden boats accounted for a significant share in 2017 owing to their ability to be used on water bodies other than oceans including lakes, rivers and canals which have witnessed an upsurge in recent years due largelyto increased recreational activities among consumers across various regions globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest shipbuilding hubs, such as China, South Korea, Japan and India. Increasing demand for yachts and other recreational boats in countries such as China has led to increased production of premium high-class varnished wood coating products. In addition, growing tourism activities have resulted in an increase in cruise ships across Asia Pacific countries including Thailand, Vietnam and Indonesia among others.
Europe was estimated at USD X million in 2017 owing to increasing investments from major players towards R&D activities for development of eco-efficient marine paints & coatings with superior performance characteristics suitable for merchant ships application segmentation across European economies including Germany, UK France Italy Spain etc.
Growth Factors:
- Increasing demand for merchant ships owing to the growth in global trade
- Rising awareness about the benefits of merchant ship coating among ship owners and operators
- Technological advancements in the field of merchant ship coatings that improve performance and durability
- Growing demand for eco-friendly and energy-efficient merchant ship coatings
- Proliferation of new players in the market that offer innovative coating solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Merchant Ship Coating Market Research Report
By Type
Premium High Gloss Marine Varnish, High-durability Marine Gloss Enamel, Double Layer Pastel Topcoat, Epifanes Clear Varnish
By Application
Power Boats, Wooden Boats, Racing Yachts, Pleasure Boats
By Companies
FINSULATE(Netherlands), Kramp(Denmark), Esbjerg Farve(Denmark), Boero Bartolomeo S.p.A.(Italy), AkzoNobel(Netherlands), Nautix(France), Orangemarine(France), MARLIN SRL(Italy), Hempel(UK), Seajet(Netherlands), VENEZIANI(Italy), Sea Line(Poland), Sea Hawk(USA), Epifanes(USA), FLAG Paints Ltd.(UK), Kop-Coat Marine Group(USA), Norglass Paints(Australia), De IJssel Coatings(Netherlands)
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Merchant Ship Coating Market Report Segments:
The global Merchant Ship Coating market is segmented on the basis of:
Types
Premium High Gloss Marine Varnish, High-durability Marine Gloss Enamel, Double Layer Pastel Topcoat, Epifanes Clear Varnish
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
Power Boats, Wooden Boats, Racing Yachts, Pleasure Boats
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:
- FINSULATE(Netherlands)
- Kramp(Denmark)
- Esbjerg Farve(Denmark)
- Boero Bartolomeo S.p.A.(Italy)
- AkzoNobel(Netherlands)
- Nautix(France)
- Orangemarine(France)
- MARLIN SRL(Italy)
- Hempel(UK)
- Seajet(Netherlands)
- VENEZIANI(Italy)
- Sea Line(Poland)
- Sea Hawk(USA)
- Epifanes(USA)
- FLAG Paints Ltd.(UK)
- Kop-Coat Marine Group(USA)
- Norglass Paints(Australia)
- De IJssel Coatings(Netherlands)
Highlights of The Merchant Ship Coating 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:
- Premium High Gloss Marine Varnish
- High-durability Marine Gloss Enamel
- Double Layer Pastel Topcoat
- Epifanes Clear Varnish
- By Application:
- Power Boats
- Wooden Boats
- Racing Yachts
- Pleasure Boats
- 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 Merchant Ship Coating 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?
Merchant Ship Coating is a type of coating that is applied to the exterior of merchant ships. It helps protect the ship from weathering and corrosion, and makes it more visible to shipping traffic.
Some of the key players operating in the merchant ship coating market are FINSULATE(Netherlands), Kramp(Denmark), Esbjerg Farve(Denmark), Boero Bartolomeo S.p.A.(Italy), AkzoNobel(Netherlands), Nautix(France), Orangemarine(France), MARLIN SRL(Italy), Hempel(UK), Seajet(Netherlands), VENEZIANI(Italy), Sea Line(Poland), Sea Hawk(USA), Epifanes(USA), FLAG Paints Ltd.(UK), Kop-Coat Marine Group(USA), Norglass Paints(Australia), De IJssel Coatings(Netherlands).
The merchant ship coating market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Merchant Ship Coating 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 Merchant Ship Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Merchant Ship Coating 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 Merchant Ship Coating 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 Merchant Ship Coating Market Size & Forecast, 2020-2028
4.5.1 Merchant Ship Coating Market Size and Y-o-Y Growth
4.5.2 Merchant Ship Coating Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Premium High Gloss Marine Varnish
5.2.2 High-durability Marine Gloss Enamel
5.2.3 Double Layer Pastel Topcoat
5.2.4 Epifanes Clear Varnish
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Power Boats
6.2.2 Wooden Boats
6.2.3 Racing Yachts
6.2.4 Pleasure Boats
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Merchant Ship Coating 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 Merchant Ship Coating 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Premium High Gloss Marine Varnish
9.6.2 High-durability Marine Gloss Enamel
9.6.3 Double Layer Pastel Topcoat
9.6.4 Epifanes Clear Varnish
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 Market Size Forecast by Applications
9.10.1 Power Boats
9.10.2 Wooden Boats
9.10.3 Racing Yachts
9.10.4 Pleasure Boats
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Premium High Gloss Marine Varnish
10.6.2 High-durability Marine Gloss Enamel
10.6.3 Double Layer Pastel Topcoat
10.6.4 Epifanes Clear Varnish
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 Market Size Forecast by Applications
10.10.1 Power Boats
10.10.2 Wooden Boats
10.10.3 Racing Yachts
10.10.4 Pleasure Boats
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Premium High Gloss Marine Varnish
11.6.2 High-durability Marine Gloss Enamel
11.6.3 Double Layer Pastel Topcoat
11.6.4 Epifanes Clear Varnish
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 Market Size Forecast by Applications
11.10.1 Power Boats
11.10.2 Wooden Boats
11.10.3 Racing Yachts
11.10.4 Pleasure Boats
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Premium High Gloss Marine Varnish
12.6.2 High-durability Marine Gloss Enamel
12.6.3 Double Layer Pastel Topcoat
12.6.4 Epifanes Clear Varnish
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 Market Size Forecast by Applications
12.10.1 Power Boats
12.10.2 Wooden Boats
12.10.3 Racing Yachts
12.10.4 Pleasure Boats
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Premium High Gloss Marine Varnish
13.6.2 High-durability Marine Gloss Enamel
13.6.3 Double Layer Pastel Topcoat
13.6.4 Epifanes Clear Varnish
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) Market Size Forecast by Applications
13.10.1 Power Boats
13.10.2 Wooden Boats
13.10.3 Racing Yachts
13.10.4 Pleasure Boats
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 Merchant Ship Coating Market: Competitive Dashboard
14.2 Global Merchant Ship Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FINSULATE(Netherlands)
14.3.2 Kramp(Denmark)
14.3.3 Esbjerg Farve(Denmark)
14.3.4 Boero Bartolomeo S.p.A.(Italy)
14.3.5 AkzoNobel(Netherlands)
14.3.6 Nautix(France)
14.3.7 Orangemarine(France)
14.3.8 MARLIN SRL(Italy)
14.3.9 Hempel(UK)
14.3.10 Seajet(Netherlands)
14.3.11 VENEZIANI(Italy)
14.3.12 Sea Line(Poland)
14.3.13 Sea Hawk(USA)
14.3.14 Epifanes(USA)
14.3.15 FLAG Paints Ltd.(UK)
14.3.16 Kop-Coat Marine Group(USA)
14.3.17 Norglass Paints(Australia)
14.3.18 De IJssel Coatings(Netherlands)
