Market Overview:
The global marine anticorrosion coatings 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 anticorrosion coatings from the military marine and civilian marine applications. In terms of type, the epoxy segment is expected to lead the global marine anticorrosion coatings market during the forecast period, followed by fluoropolymers and polyurethane (PU). In terms of application, military marine is expected to be a key segment for this market during the forecast period. North America is estimated to account for a major share of this market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A marine anticorrosion coating is a type of paint or sealant that is applied to metal surfaces in order to protect them from corrosion. Marine anticorrosion coatings are typically used on boat hulls, propellers, and other underwater metal surfaces.
Epoxy:
Epoxy is a resin, which is widely used in marine anticorrosion coatings. It has high resistance to abrasion and chemicals and forms an excellent protective coating on any surface. Epoxy resins are thermosetting polymers containing an epoxide group (R-COOH). They are manufactured by reacting ethylene with phosgene or by using diethylene glycol as a raw material.
Fluoropolymers:
Fluoropolymers are synthetic organic compounds that contain only carbon and fluorine. Fluorine is the central element in all these compounds, which gives them their characteristic properties such as excellent electrical insulation, chemical inertness, high heat & corrosion resistance and low dielectric constant.
Application Insights:
The military marine application segment led the market and accounted for more than 45% of the global revenue share in 2017. The growth is attributed to increasing defense expenditure by countries, such as China and India, to strengthen their maritime security. For instance, in 2016, Indian Ministry of Defense¢â‚¬â„¢s annual budget was USD 270 billion. This represents a significant increase over the previous year¢â‚¬â„¢s budget of USD 185 billion.
Civilian marine anticorrosion coatings are used on ships that transport oil and other liquid cargo across oceans or seas because these liquids are corrosive to steel hulls unprotected by anticorrosion coatings.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to increasing demand from shipbuilding sector. China, South Korea, Japan, India and Australia are some of the leading shipbuilding countries in this region. Increasing number of ships being built across these countries is likely to boost product demand over the coming years.
North America emerged as one of the major consumers for marine anticorrosion coatings due to growing emphasis on offshore oil & gas exploration activities coupled with rising investment by U.S.-based companies such as ExxonMobil Corporation and Transocean Ltd., which are engaged in drilling explorations wells off coastlines North America’s Gulf Coast states including Mississippi River Delta Mouth (MSVD) and Louisiana Sound (LS).
Growth Factors:
- Increasing demand from the marine industry for anticorrosion coatings to protect vessels and equipment from corrosion
- Rising awareness about the benefits of using anticorrosion coatings in marine applications
- Growing use of advanced technologies and materials in anticorrosion coatings formulations
- Proliferation of new coating applications in the maritime sector
- Stringent regulations governing corrosion prevention and protection in the maritime industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Anticorrosion Coatings Market Research Report
By Type
Epoxy, Fluoropolymers, PolyUrethane (PU), Other
By Application
Military Marine, Civilian Marine
By Companies
BASF, DuPont, Evonik, Henkel, Solvay, Valspar, Berger Paints, Akzo Nobel, Sherwin Williams, Wacker Chemie, Nippon paint, PPG, Kansai Paints, Alumax Industrial, Aexcel Corporation, Hempel, Jotun, Chugoku Marine Paints, Arkema, RPM International
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Marine Anticorrosion Coatings Market Report Segments:
The global Marine Anticorrosion Coatings market is segmented on the basis of:
Types
Epoxy, Fluoropolymers, PolyUrethane (PU), 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
Military Marine, Civilian Marine
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:
- BASF
- DuPont
- Evonik
- Henkel
- Solvay
- Valspar
- Berger Paints
- Akzo Nobel
- Sherwin Williams
- Wacker Chemie
- Nippon paint
- PPG
- Kansai Paints
- Alumax Industrial
- Aexcel Corporation
- Hempel
- Jotun
- Chugoku Marine Paints
- Arkema
- RPM International
Highlights of The Marine Anticorrosion Coatings 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:
- Epoxy
- Fluoropolymers
- PolyUrethane (PU)
- Other
- By Application:
- Military Marine
- Civilian Marine
- 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 Anticorrosion Coatings 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?
Marine anticorrosion coatings are a type of coating that is used on metal surfaces to resist corrosion.
Some of the major companies in the marine anticorrosion coatings market are BASF, DuPont, Evonik, Henkel, Solvay, Valspar, Berger Paints, Akzo Nobel, Sherwin Williams, Wacker Chemie, Nippon paint, PPG, Kansai Paints, Alumax Industrial, Aexcel Corporation, Hempel, Jotun, Chugoku Marine Paints, Arkema, RPM International.
The marine anticorrosion coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Anticorrosion Coatings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Anticorrosion Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Anticorrosion Coatings Market - Supply Chain
4.5. Global Marine Anticorrosion Coatings Market Forecast
4.5.1. Marine Anticorrosion Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Anticorrosion Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Anticorrosion Coatings Market Absolute $ Opportunity
5. Global Marine Anticorrosion Coatings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
5.3.1. Epoxy
5.3.2. Fluoropolymers
5.3.3. PolyUrethane (PU)
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Anticorrosion Coatings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
6.3.1. Military Marine
6.3.2. Civilian Marine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Anticorrosion Coatings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Anticorrosion Coatings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Anticorrosion Coatings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Anticorrosion Coatings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Anticorrosion Coatings Demand Share Forecast, 2019-2026
9. North America Marine Anticorrosion Coatings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Anticorrosion Coatings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
9.4.1. Military Marine
9.4.2. Civilian Marine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
9.7.1. Epoxy
9.7.2. Fluoropolymers
9.7.3. PolyUrethane (PU)
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Anticorrosion Coatings Demand Share Forecast, 2019-2026
10. Latin America Marine Anticorrosion Coatings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Anticorrosion Coatings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
10.4.1. Military Marine
10.4.2. Civilian Marine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
10.7.1. Epoxy
10.7.2. Fluoropolymers
10.7.3. PolyUrethane (PU)
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Anticorrosion Coatings Demand Share Forecast, 2019-2026
11. Europe Marine Anticorrosion Coatings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Anticorrosion Coatings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
11.4.1. Military Marine
11.4.2. Civilian Marine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
11.7.1. Epoxy
11.7.2. Fluoropolymers
11.7.3. PolyUrethane (PU)
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Anticorrosion Coatings Demand Share, 2019-2026
12. Asia Pacific Marine Anticorrosion Coatings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Anticorrosion Coatings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
12.4.1. Military Marine
12.4.2. Civilian Marine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
12.7.1. Epoxy
12.7.2. Fluoropolymers
12.7.3. PolyUrethane (PU)
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Anticorrosion Coatings Demand Share, 2019-2026
13. Middle East & Africa Marine Anticorrosion Coatings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Anticorrosion Coatings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Anticorrosion Coatings Market Size and Volume Forecast by Application
13.4.1. Military Marine
13.4.2. Civilian Marine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Anticorrosion Coatings Market Size and Volume Forecast by Type
13.7.1. Epoxy
13.7.2. Fluoropolymers
13.7.3. PolyUrethane (PU)
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Anticorrosion Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Anticorrosion Coatings Market: Market Share Analysis
14.2. Marine Anticorrosion Coatings Distributors and Customers
14.3. Marine Anticorrosion Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Evonik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Henkel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solvay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valspar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Berger Paints
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Akzo Nobel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sherwin Williams
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wacker Chemie
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon paint
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PPG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kansai Paints
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Alumax Industrial
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Aexcel Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hempel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jotun
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Chugoku Marine Paints
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Arkema
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. RPM International
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
