The Marine Coatings Global Market Report 2023, provides comprehensive information on the marine coatings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/marine-coatings-global-market-report
The global marine coatings market size is expected to grow from $4.6 billion in 2022 to $4.9 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine coatings market size is expected to reach$6.2 billion in 2027 at a CAGR of 5.9%.
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Product innovations are a key trend gaining popularity in the marine coating market. Major companies operating in the marine coating market are focusing on developing new products to sustain their position in the market. For instance, in March 2023, PPG Industries Inc, a US-based paints, coatings, and specialty materials manufacturer, launched PPG SIGMAGLIDE 2390 marine coating. This coating’s unique feature is its capacity to lower energy use, cut carbon emissions, and exceed performance goals without harming the marine environment. The biocide-free fouling release coating is built on the innovative PPG HYDRORESET technology, which transforms the coating when submerged in water to create an incredibly smooth, nearly frictionless surface that marine organisms do not recognize.
The marine coatings market is segmented:
1) By Product: Anti-Fouling Coatings, Anti-Corrosion Coatings, Foul Release Coatings, Other Products
2) By Resin: Epoxy, Polyurethane, Acrylic, Alkyd, Other Resins
3) By Technology: Water-Borne, Solvent-Borne, Other Technologies
4) By Application: Coastal, Containers, Deep Sea, Leisure Boats, Offshore Vessels, Other Applications
5) By End-Use: New Ships, Repair Work
Asia-Pacific was the largest region in the marine coatings market in 2022.
The table of contents in TBRC’s marine coatings market report includes:
- Executive Summary
- Marine Coatings Market Characteristics
- Marine Coatings Market Trends And Strategies
- Marine Coatings Market – Macro Economic Scenario
- Marine Coatings Market Size And Growth
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- Middle East Marine Coatings Market
- Africa Marine Coatings Market
- Marine Coatings Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Marine Coatings Market
- Marine Coatings Market Future Outlook and Potential Analysis
Top Major Players
- PPG Industries Limited
- Akzo Nobel N.V.
- The Sherwin-Williams Company
- Hempel A/S
- Jotun
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