Report Ocean has recently published the “Protective and Marine Coatings Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global protective & marine coatings market was valued at $18,437 million in 2016, and is expected to reach $31,047 million by 2023, registering a CAGR of 7.7% from 2017 to 2023. Protective & marine coatings are applied on buildings and homes. Architectural coatings include a wide range of paints & coatings, such as varnishes, lacquers, power coatings, primers, inks, and several others. They are applied to protect the surfaces from abrasion, moisture, and other harmful substances that can cause damage, that vanishes of the surface.
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In addition, they are known as heavy-duty or high-performance coatings, protective and marine coatings are applied on steel structures, steel bridges, off-shore oil rigs and equipment, chemical & petroleum plants, piping and other structures that require protection against corrosion and/or high resistance to wear & tear.
The global protective & marine coatings market is driven by the increase in infrastructure & construction projects in emerging countries, rise in demand for high performance, and environmentally friendly nature of protective coatings. However, strict environmental regulations on production and usage of protective coatings are expected to restrict the market growth in the future. The report segments global protective & marine coatings market based on resin type, end-use industry, and geography. The resin type, is classified into epoxy, polyurethane, acrylic, alkyd, polyester, and others. Based on end-use industry, it is divided into marine, oil & gas, industrial, construction, energy & power, transportation, and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2015, Asia-Pacific occupied the highest market share, followed by North America, owing to the major growth in marine industry and infrastructural projects. Asia-Pacific is expected to dominate the global market by 2022, and is witnessing substantial growth in widely populated countries such as, China, Japan, and South Korea.
The significant players in the global protective & marine coatings market have strategically focused on product launch as their key strategy to gain significant market share.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the protective & marine coatings market.
In-depth analysis of the market is conducted and estimations for key segments between 2015 and 2023 are provided.
Global industry analysis for factors that drive and restrain the growth of the market are provided.
Protective & marine coatings market share for all segments with respect to geography is detailed in the report.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the industry trends.
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The key players profiled in the report are as follows:
3M Co.
AkzoNobel N.V.
BASF SE
Hempel A/S
Kansai Paints Co., Ltd
Nippon Paints Co. Ltd.
PPG Industries, Inc.
The Sherwin-Williams Company
The Dow Chemical Company
Wacker Chemie AG.
Other players in the value chain include
Axalta Coating System Ltd.
Ashland Inc.
Clariant International Ltd.
Diamond Vogel Paints
Jotun A/S
RPM International, Inc.
Royal DSM N.V.
Solvay S.A.
Sono-Tek Corporation
KEY MARKET SEGMENTS
By Resin
Epoxy
Polyurethane
Acrylic
Alkyd
Polyester
Others
By End-use Industry
Marine
Oil & Gas
Industrial
Construction
Energy & Power
Transportation
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
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- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
- The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
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- What are the major challenges or constraints faced by market participants?
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- Who are the major competitors in the market and what is their market share?
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