Marine Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Pages: NA
Sep 2020 | 39 Views
Author(s) : NA
Tables: NA
Charts: NA


Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Marine Coatings Market: Global Opportunity Analysis And Industry Forecast, 2020–2027 Market

Request Now !

Marine Coatings Market Analysis 2020-2027:

Marine coating is used for protection against UV radiation, fouling, ingestion, and salt water, and is employed under marine conditions. It is necessary that the ship is protected both from below and above the shore. The coatings adhere to any surface and make it water impenetrable. In addition, for protecting against rust, marine coatings play a crucial role. In addition, they exhibit the capacity to effectively protect parts or components of ships against oxidation, which depends on technical parameters such as crack resistances; higher mechanical strength; enhanced adhesion; and fundamental corrosion protection through galvanic, barrier, or inhibition effects. These coatings further provide superior protection against corrosion or rust that increase the service life of the vessel.


Market scope and structure analysis

                              Report Metric


  Market size available for years


  Base year considered


  Forecast period


  Forecast unit

  Value (USD)

  Segments covered

Resin Type, End Use, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Poland, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and the Rest of LAMEA)

  Companies covered

AkzoNobel N.V., Jotun A/S, KCC Corporation, Hempel A/S, Chugoku Marine Paints Ltd., Nippon Paint, Kansai Paint Co. Ltd., RPM International Inc., The Sherwin-Williams Company, and PPG Industries Inc.


Key drivers of global marine coatings market

Marine coatings offer superior properties, which facilitate in protection of parts of the ships and the surfaces from abrasion and rust. In addition, they enhance the appearance and aesthetic appeal of surfaces. Moreover, development of the shipbuilding industry is anticipated to augment the growth of the global marine coatings market. Furthermore, owing to regular repair & maintenance, the demand for marine coatings is expected to increase significantly. Increase in import/export activities along with huge investments in trade activities is further projected to boost the shipbuilding industry during the forecast period, thereby augmenting the growth of the marine coatings market.

Market scenario: opportunities and Challenges

Upsurge in demand for marine coatings from the naval sector acts as a key driver of the global marine coatings market. Need for regular ship maintenance & repair generates potential business prospects for the future. In addition, government officials have developed initiatives to facilitate the import/export of commodities via shipping, thereby providing lucrative opportunities for industry players. Moreover, marine coatings are used by the shipbuilding and repair industries, which provides economically viable advantages. These developments positively affect the market growth. However, the future growth of market is expected to be restricted by rigorous environmental regulations for production and consumption of marine coatings. On the contrary, rise in mergers and acquisitions is expected to offer remunerative opportunities for key players to broaden their brand portfolios.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global marine coatings market is expected to witness a slowdown during the next couple of years. Government officials have imposed various restrictions regarding the operation activities of production plants. In addition, recent decline in the marine industry and the slowdown of economy of China, owing to the sudden outbreak of COVID-19 are acting as an obstacle for the growth of the marine coatings market. However, increase in trade activities combined with technological advances in naval industry is anticipated to boost the growth of the global marine coating market.

Key segments covered



  Resin Type

  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Polyester
  • Others

  End user

  • Marine
  • Oil & Gas
  • Industrial
  • Construction
  • Energy & Power
  • Transportation
  • Others


Key benefits of the report

  • This study presents the analytical depiction of the global marine coatings industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global marine coatings market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global marine coatings market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global marine coatings market research report

  • Which are the leading market players active in the global marine coatings market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


Start reading ,This title and over 12000 thousand more,available with Avenue Library,  T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at










Purchase Full Report of
Marine Coatings Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise

  • $8,995  $8,096
  • Unlimited
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library.  T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers


Featured Reports


Featured Readings


Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts