Market Overview:
The global protective and marine 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 protective and marine coatings from various end-use industries, such as marine, oil & gas, industrial, construction, energy & power, transportation, and others. In terms of type, the epoxy segment is expected to lead the global protective and marine coatings market during the forecast period. This can be attributed to its properties such as high chemical resistance and durability.
Product Definition:
Protective and marine coatings are applied to protect a surface from the environment. The coatings can be used on metal, concrete, wood, or other surfaces. They can also be used to protect boats and other watercraft from corrosion.
Epoxy:
Epoxy resins are synthetic compounds, which are polymerized to form polyepoxy. Epoxies are used in a wide range of applications such as protective & marine coatings, adhesives & sealants, flooring and furniture glues. The growth factor for epoxy resins is the demand from end-use industries such as infrastructure and automotive aftermarket.
The global epoxy resin market size was valued at USD 7.8 billion in 2016.
Polyurethane:
Polyurethane (PU) is a polymer, which is manufactured by the catalytic reaction of an organic compound with hydrogen. It has applications in various end-use industries such as automotive, construction and furniture. PU coatings are used for providing protection to automobiles from UV rays and environmental pollutants that cause fading & corrosion on car parts. The growing automobile industry coupled with increasing demand for protective & marine coatings in developed countries such as the U.S.
Application Insights:
The oil & gas application segment led the global protective and marine coatings market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for enhanced oil recovery, production enhancement, and drilling fluids applications.
Increasing offshore production has resulted in an increased number of failures due to corrosion and pitting corrosion on pipelines & platforms as well as ships hulls in deep water regions such as Persian Gulf, South China Sea, North Sea region among others. This has driven the need for protective coatings that resist these harsh environments thereby contributing towards high product consumption globally.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for over 35% of the global revenue share. The region is expected to continue its dominance over the forecast period owing to increasing foreign investments in countries such as China, India, Indonesia, Vietnam and Thailand. In addition, rising construction activities due to growing population are anticipated to fuel product demand further.
The Asia Pacific protective & marine coatings industry is highly fragmented on account of presence of a large number of small-scale manufacturers across various end-use industries such as oil & gas; industrial; transportation; building & construction etc. However, some major players operating in this space include Nippon Paint Holdings Co., Ltd.; BASF SE; PPG Industries Inc.; Sherwin-Williams Company LLC.; Valspar Corporation and AkzoNobel N.V.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and marine sectors
- Rising awareness about the benefits of protective coatings among consumers
- Technological advancements in the field of protective coatings
- Growing demand for eco-friendly and water-based coatings
- Expansion of global infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Protective & Marine Coatings Market Research Report
By Type
Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, Others
By Application
Marine, Oil & Gas, Industrial, Construction, Energy & Power, Transportation, Others
By Companies
3M, AkzoNobel, BASF, Hempel, Kansai Paints, Nippon Paints, PPG Industries, The Sherwin-Williams, The Dow Chemical, Wacker Chemie
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Protective & Marine Coatings Market Report Segments:
The global Protective & Marine Coatings market is segmented on the basis of:
Types
Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, 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, Oil & Gas, Industrial, Construction, Energy & Power, Transportation, 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:
- 3M
- AkzoNobel
- BASF
- Hempel
- Kansai Paints
- Nippon Paints
- PPG Industries
- The Sherwin-Williams
- The Dow Chemical
- Wacker Chemie
Highlights of The Protective & Marine 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
- Polyurethane
- Acrylic
- Alkyd
- Polyester
- Others
- By Application:
- Marine
- Oil & Gas
- Industrial
- Construction
- Energy & Power
- Transportation
- 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 & Marine 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.
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 coatings are a type of coating that is used to protect surfaces from the elements. These coatings can be used on metal, plastic, or other materials. Protective and marine coatings can also be used to make objects more resistant to water damage or corrosion.
Some of the major companies in the protective & marine coatings market are 3M, AkzoNobel, BASF, Hempel, Kansai Paints, Nippon Paints, PPG Industries, The Sherwin-Williams, The Dow Chemical, Wacker Chemie.
The protective & marine coatings market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Protective & Marine 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. Protective & Marine Coatings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Protective & Marine Coatings Market - Supply Chain
4.5. Global Protective & Marine Coatings Market Forecast
4.5.1. Protective & Marine Coatings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Protective & Marine Coatings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Protective & Marine Coatings Market Absolute $ Opportunity
5. Global Protective & Marine 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. Protective & Marine Coatings Market Size and Volume Forecast by Type
5.3.1. Epoxy
5.3.2. Polyurethane
5.3.3. Acrylic
5.3.4. Alkyd
5.3.5. Polyester
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Protective & Marine 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. Protective & Marine Coatings Market Size and Volume Forecast by Application
6.3.1. Marine
6.3.2. Oil & Gas
6.3.3. Industrial
6.3.4. Construction
6.3.5. Energy & Power
6.3.6. Transportation
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Protective & Marine 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. Protective & Marine 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 Protective & Marine 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. Protective & Marine 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 Protective & Marine Coatings Demand Share Forecast, 2019-2026
9. North America Protective & Marine 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 Protective & Marine 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 Protective & Marine Coatings Market Size and Volume Forecast by Application
9.4.1. Marine
9.4.2. Oil & Gas
9.4.3. Industrial
9.4.4. Construction
9.4.5. Energy & Power
9.4.6. Transportation
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Protective & Marine Coatings Market Size and Volume Forecast by Type
9.7.1. Epoxy
9.7.2. Polyurethane
9.7.3. Acrylic
9.7.4. Alkyd
9.7.5. Polyester
9.7.6. Others
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 Protective & Marine Coatings Demand Share Forecast, 2019-2026
10. Latin America Protective & Marine 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 Protective & Marine 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 Protective & Marine Coatings Market Size and Volume Forecast by Application
10.4.1. Marine
10.4.2. Oil & Gas
10.4.3. Industrial
10.4.4. Construction
10.4.5. Energy & Power
10.4.6. Transportation
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Protective & Marine Coatings Market Size and Volume Forecast by Type
10.7.1. Epoxy
10.7.2. Polyurethane
10.7.3. Acrylic
10.7.4. Alkyd
10.7.5. Polyester
10.7.6. Others
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 Protective & Marine Coatings Demand Share Forecast, 2019-2026
11. Europe Protective & Marine 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 Protective & Marine 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 Protective & Marine Coatings Market Size and Volume Forecast by Application
11.4.1. Marine
11.4.2. Oil & Gas
11.4.3. Industrial
11.4.4. Construction
11.4.5. Energy & Power
11.4.6. Transportation
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Protective & Marine Coatings Market Size and Volume Forecast by Type
11.7.1. Epoxy
11.7.2. Polyurethane
11.7.3. Acrylic
11.7.4. Alkyd
11.7.5. Polyester
11.7.6. Others
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 Protective & Marine Coatings Demand Share, 2019-2026
12. Asia Pacific Protective & Marine 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 Protective & Marine 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 Protective & Marine Coatings Market Size and Volume Forecast by Application
12.4.1. Marine
12.4.2. Oil & Gas
12.4.3. Industrial
12.4.4. Construction
12.4.5. Energy & Power
12.4.6. Transportation
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Protective & Marine Coatings Market Size and Volume Forecast by Type
12.7.1. Epoxy
12.7.2. Polyurethane
12.7.3. Acrylic
12.7.4. Alkyd
12.7.5. Polyester
12.7.6. Others
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 Protective & Marine Coatings Demand Share, 2019-2026
13. Middle East & Africa Protective & Marine 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 Protective & Marine 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 Protective & Marine Coatings Market Size and Volume Forecast by Application
13.4.1. Marine
13.4.2. Oil & Gas
13.4.3. Industrial
13.4.4. Construction
13.4.5. Energy & Power
13.4.6. Transportation
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Protective & Marine Coatings Market Size and Volume Forecast by Type
13.7.1. Epoxy
13.7.2. Polyurethane
13.7.3. Acrylic
13.7.4. Alkyd
13.7.5. Polyester
13.7.6. Others
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 Protective & Marine Coatings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Protective & Marine Coatings Market: Market Share Analysis
14.2. Protective & Marine Coatings Distributors and Customers
14.3. Protective & Marine Coatings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AkzoNobel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BASF
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hempel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kansai Paints
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Paints
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PPG Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Sherwin-Williams
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. The Dow Chemical
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. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic
