Market Overview:
The global protective and marine coating market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for anti-fouling coatings, anti-corrosion coatings, and other types of protective coatings in various end-use industries such as marine, mining, oil & gas, bridge & highway, power generation, and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for protective coatings from countries such as China and India.
Product Definition:
Protective and Marine coatings are used to protect a surface from the environment and extend the life of the substrate.
Anti-fouling Coatings:
Anti-fouling coatings are used in the marine and protective coating industry to prevent the growth of bacteria, algae or any other micro-organisms on the surface of a product. The most commonly used anti-fouling agents are zinc chloride, copper sulfate and EDTA. Zinc chloride is an effective anti-bacterial agent that can be applied as a solution or coated on surfaces.
Anti-corrosion Coatings:
Anti-corrosion coatings are primarily used in the protective and marine coating industry. They protect metal surfaces from corrosion by forming a barrier over the surface that prevents water, air or other liquids from getting in contact with it. Anti-corrosive coatings are applied to various products including pipelines, containers, bridges; etc., which helps them resist corrosion for a longer period of time.
Application Insights:
The marine application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the rising demand for oil and gas tankers, cargo ships, offshore platforms and other marine vessels from various industries such as energy, petrochemicals, maritime transport and others.
Increasing investments in the development of renewable energy sources coupled with government initiatives are expected to drive the demand for protective coatings from various sectors including mining, power generation and transportation over the forecast period. Increasing use of these products on account of superior properties including resistance against acids corrosion metals salts corrosion gases organic solvents water vapor ethanol gasoline motor fuel natural gas lacquer wood pulp paper glue plasticizers adhesives sealants &c is also expected to have a positive impact on market growth over the next eight years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major mining, power generation, and shipping companies that are continuously looking for cost-effective ways to enhance their assets. This has led to increased demand for protective coatings in this region.
North America emerged as a prominent regional market owing to growing concerns regarding asset degradation due anti-fouling coatings have high resistance against UV radiation and corrosion caused by seawater while they are being transported from one place to another or used at a particular location.
Growth Factors:
- Increasing demand from the construction and infrastructure sectors
- Rising awareness about the benefits of protective and marine coatings among consumers
- Growing demand for eco-friendly and water-resistant coatings
- Proliferation of new coating technologies and products
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Protective and Marine Coating Market Research Report
By Type
Anti-fouling Coatings, Anti-corrosion Coatings, Others
By Application
Marine, Mining, Oil & Gas, Bridge & Highway, Power Generation, Others
By Companies
PPG, Sherwin-Williams, AkzoNobel, BASF, Nippon Paint, Hempel, Jotun, Chugoku Marine Paints, RPM International, KCC Corporation, PPG
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Protective and Marine Coating Market Report Segments:
The global Protective and Marine Coating market is segmented on the basis of:
Types
Anti-fouling Coatings, Anti-corrosion Coatings, Others
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
Marine, Mining, Oil & Gas, Bridge & Highway, Power Generation, 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:
- PPG
- Sherwin-Williams
- AkzoNobel
- BASF
- Nippon Paint
- Hempel
- Jotun
- Chugoku Marine Paints
- RPM International
- KCC Corporation
- PPG
Highlights of The Protective and Marine 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:
- Anti-fouling Coatings
- Anti-corrosion Coatings
- Others
- By Application:
- Marine
- Mining
- Oil & Gas
- Bridge & Highway
- Power Generation
- 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 Protective and Marine 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?
Protective and marine coating is a type of paint that is designed to protect surfaces from the elements. It can be used on boats, cars, and other vehicles. Protective coatings are also used in industrial settings to protect equipment from weathering and corrosion.
Some of the major companies in the protective and marine coating market are PPG, Sherwin-Williams, AkzoNobel, BASF, Nippon Paint, Hempel, Jotun, Chugoku Marine Paints, RPM International, KCC Corporation, PPG.
The protective and marine 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 Protective and Marine 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 Protective and Marine Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Protective and Marine 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 Protective and Marine 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 Protective and Marine Coating Market Size & Forecast, 2018-2028
4.5.1 Protective and Marine Coating Market Size and Y-o-Y Growth
4.5.2 Protective and Marine Coating Market Absolute $ Opportunity
Chapter 5 Global Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Type
5.2.1 Anti-fouling Coatings
5.2.2 Anti-corrosion Coatings
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Applications
6.2.1 Marine
6.2.2 Mining
6.2.3 Oil & Gas
6.2.4 Bridge & Highway
6.2.5 Power Generation
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Protective and Marine 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 Protective and Marine 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 Protective and Marine Coating Analysis and Forecast
9.1 Introduction
9.2 North America Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Type
9.6.1 Anti-fouling Coatings
9.6.2 Anti-corrosion Coatings
9.6.3 Others
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 Protective and Marine Coating Market Size Forecast by Applications
9.10.1 Marine
9.10.2 Mining
9.10.3 Oil & Gas
9.10.4 Bridge & Highway
9.10.5 Power Generation
9.10.6 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 Protective and Marine Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Type
10.6.1 Anti-fouling Coatings
10.6.2 Anti-corrosion Coatings
10.6.3 Others
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 Protective and Marine Coating Market Size Forecast by Applications
10.10.1 Marine
10.10.2 Mining
10.10.3 Oil & Gas
10.10.4 Bridge & Highway
10.10.5 Power Generation
10.10.6 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 Protective and Marine Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Type
11.6.1 Anti-fouling Coatings
11.6.2 Anti-corrosion Coatings
11.6.3 Others
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 Protective and Marine Coating Market Size Forecast by Applications
11.10.1 Marine
11.10.2 Mining
11.10.3 Oil & Gas
11.10.4 Bridge & Highway
11.10.5 Power Generation
11.10.6 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 Protective and Marine Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Protective and Marine Coating 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 Protective and Marine Coating Market Size Forecast by Type
12.6.1 Anti-fouling Coatings
12.6.2 Anti-corrosion Coatings
12.6.3 Others
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 Protective and Marine Coating Market Size Forecast by Applications
12.10.1 Marine
12.10.2 Mining
12.10.3 Oil & Gas
12.10.4 Bridge & Highway
12.10.5 Power Generation
12.10.6 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) Protective and Marine Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Protective and Marine Coating 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) Protective and Marine Coating Market Size Forecast by Type
13.6.1 Anti-fouling Coatings
13.6.2 Anti-corrosion Coatings
13.6.3 Others
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) Protective and Marine Coating Market Size Forecast by Applications
13.10.1 Marine
13.10.2 Mining
13.10.3 Oil & Gas
13.10.4 Bridge & Highway
13.10.5 Power Generation
13.10.6 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 Protective and Marine Coating Market: Competitive Dashboard
14.2 Global Protective and Marine Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 Sherwin-Williams
14.3.3 AkzoNobel
14.3.4 BASF
14.3.5 Nippon Paint
14.3.6 Hempel
14.3.7 Jotun
14.3.8 Chugoku Marine Paints
14.3.9 RPM International
14.3.10 KCC Corporation
14.3.11 PPG
