• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Coatings World Company Profile: Siltech Corp.

    Coatings World Interviews Axalta CEO Robert Bryant

    Resins Update

    Building a Sustainable Future

    Paint for Commercial Vehicles Goes Greener
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    IGL Coatings Announces Partnership in Finland

    Axalta Schedules 1Q 2021 Earnings Conference Call

    SONGWON, Chemo International Inc. Announce Distribution Partnership

    ChemQuest Group Hires Director

    PPG Directors Announce Quarterly Dividend of 54 Cents Per Share
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    IGL Coatings Announces Partnership in Finland

    HMG Paints Reports Positive Feedback on Contract Matt Emulsion

    Hempel Protects O2 Tidal Energy Turbine

    PPG Adds SEM Products to PPG ADJUSTRITE Commercial Estimating System

    HGTV Home by Sherwin-Williams Launches Ovation Plus
    Additives
    Binders
    Pigments
    Solvents

    SONGWON, Chemo International Inc. Announce Distribution Partnership

    Evonik Joins MIT-IBM Watson AI Lab

    Stahl Outlines Sustainable Development Ambitions in 2020 ESG Report

    VideoBite: Engineered Polymer Solutions

    Shepherd Color Unveils Bismuth Vanadate Yellow Pigment
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Keim Additec Surface USA LLC

    Eagle Specialty Products

    Clariant Additives

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    11th Asia Pacific Floor Fair and Guangzhou Paint & Coatings Fair

    Coatings for Africa

    Coatings Expo Vietnam 2020
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Keim Additec Surface USA LLC

    Eagle Specialty Products

    Shepherd Color Company, The

    Clariant Additives
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Market Research

    Marine Coatings Market Worth $3.93 Billion by 2022: MarketsandMarkets

    The marine coatings market was valued at $3.19 billion in 2016.

    Related CONTENT
    • Nippon Paint Marine Appoints Mark Woods as Business Development Manager
    • How Marine Habitats are Informing New Concrete Designs
    • Sherwin-Williams Protective & Marine Offers Next Generation Polyaspartic Technology
    • Michelman - World HQ
    • APC Appoints SMART MARINE as MarineLINE Cargo Tank Coating System Rep in Azerbaijan
    MarketsandMarkets07.27.20
    The marine coatings market was valued at $3.19 billion in 2016 and is projected to reach $3.93 billion by 2022, at a CAGR of 3.5% during the forecast period from 2017 to 2022.
     
    Increasing demand for marine coatings from the shipbuilding industry in emerging economies such as China, India, and Brazil, is expected to fuel the growth of the marine coatings market across the globe.
     
    PPG Industries (U.S.) is one of the leading manufacturers of marine coatings, globally. The company has been focusing on new product launches and expansions to maintain its leading position in the market. 
     
    For instance, in November 2017, the company launched a new water-based primer, namely, PPG AQUACRON 834. 
     
    This is an economical anti-corrosion primer for steel applications. In February 2016, the company invested USD 7.8 million for expanding its global paints and coatings R&D hub in the US This investment is expected to help the company enhance its overall capabilities as well as expand its presence in the region.
     
    AkzoNobel (Netherlands) is another major player in the marine coatings market. The company has been focusing on expansions as a part of its strategic development activities. 
     
    In June 2017, the company carried out the expansion of its research & development facility in Texas (U.S.). The company invested USD 3.5 million for this expansion activity. This R&D facility supports the protective coatings and marine coatings businesses of the company.
     
    The growth of the marine coatings market can be attributed to the continuous growth of the shipbuilding and offshore engineering industries in emerging economies. However, fluctuating prices of raw materials used for manufacturing marine coatings and increasing environmental regulations are the challenges for the growth of the marine coatings market.
     
    Anti-corrosion coatings are the most widely used type of marine coatings as they enhance life as well as the quality of structures or surfaces, wherein they are applied. Anti-corrosion coatings are passive corrosion-resistant products. These coatings isolate surfaces from aggressive corrosive agents such as moisture, salts, and acids.
     
    Epoxy marine coatings are widely used in the shipbuilding industry due to their anti-corrosion properties. These coatings prevent corrosion in those parts of ships that are continuously exposed to seawater and ultraviolet (UV) rays. This results in an increased demand for epoxy marine coatings from the shipping industry, thereby leading to the growth of the epoxy segment of the marine coatings market.
     
    The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is expected to lead the marine coatings market during the forecast period, owing to the increased consumption of marine coatings in emerging economies such as China, India, and South Korea.
     
    The Asia Pacific marine coatings market is also projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The demand for oil & gas is increasing in tandem with the ongoing urbanization and industrialization in the region. This, in turn, has fueled the demand for large cargo vessels from the region, thereby increasing the demand for marine coatings in the Asia Pacific region.
     
    Related Searches
    • Marine Coatings
    Related Knowledge Center
    • Marine Coatings
    Suggested For You
    Nippon Paint Marine Appoints Mark Woods as Business Development Manager Nippon Paint Marine Appoints Mark Woods as Business Development Manager
    How Marine Habitats are Informing New Concrete Designs How Marine Habitats are Informing New Concrete Designs
    Sherwin-Williams Protective & Marine Offers Next Generation Polyaspartic Technology  Sherwin-Williams Protective & Marine Offers Next Generation Polyaspartic Technology
    Michelman - World HQ Michelman - World HQ
    APC Appoints SMART MARINE as MarineLINE Cargo Tank Coating System Rep in Azerbaijan APC Appoints SMART MARINE as MarineLINE Cargo Tank Coating System Rep in Azerbaijan
    Nippon Paint Marine Completes A-LF Sea Antifouling Coats for Danaos Shipping Nippon Paint Marine Completes A-LF Sea Antifouling Coats for Danaos Shipping
    Intermediate Chemicals Co. Ltd. (Arabian Zinc) Intermediate Chemicals Co. Ltd. (Arabian Zinc)
    Rising Use of Disinfectants in Wake of COVID-19, Impact on Biocides Market Outlook Rising Use of Disinfectants in Wake of COVID-19, Impact on Biocides Market Outlook
    IFS Coatings Launches PureClad IFS Coatings Launches PureClad
    Wuhan Twin Tigers Coatings Co. Ltd. Wuhan Twin Tigers Coatings Co. Ltd.
    PPG CORAFLON Powder Coatings Reflect Industrial Heritage of 55 Hudson Yards PPG CORAFLON Powder Coatings Reflect Industrial Heritage of 55 Hudson Yards
    PPG INNOVEL Non-BPA Packaging Coatings Selected for China’s JDB Herbal Tea PPG INNOVEL Non-BPA Packaging Coatings Selected for China’s JDB Herbal Tea
    Prime Minister Told of Coatings, Printing Inks Industry’s Substantial, Growing Concerns Post-Brexit Prime Minister Told of Coatings, Printing Inks Industry’s Substantial, Growing Concerns Post-Brexit
    2020 Innovative Coatings Summit 2020 Innovative Coatings Summit
    Sherwin-Williams Protective & Marine Launches FIRETEX M90/03 Sherwin-Williams Protective & Marine Launches FIRETEX M90/03

    Related Market Research

    • Breaking News | Marine Coatings | Market Reports
      Marine Coatings Market Worth $3.93 billion by 2022: MarketsandMarkets

      Marine Coatings Market Worth $3.93 billion by 2022: MarketsandMarkets

      ...
      02.14.20

    • Breaking News | Marine Coatings | Market Reports
      Europe Marine Coating Market Size Worth $2+ Billion by 2025

      Europe Marine Coating Market Size Worth $2+ Billion by 2025

      ...
      01.04.19

    • Breaking News | Marine Coatings | Market Reports  | Market Trends & Forecast
      European Marine Coating Market to Surpass €1.7 Billion by 2025

      European Marine Coating Market to Surpass €1.7 Billion by 2025

      ...
      09.24.18


    • Breaking News | Marine Coatings | Market Reports
      GMI: Marine Coatings Market Size Worth More Than $15 Billion by 2024

      GMI: Marine Coatings Market Size Worth More Than $15 Billion by 2024

      ...
      09.12.18

    • Industrial Coatings | Marine Coatings | Powder Coatings

      World Paint & Coatings Demand to Reach 54.7 Million Metric Tons

      ...
      06.13.16

    • Marine Coatings

      Marine Coatings Market: Forecast Through 2020

      ...
      04.19.16


    • Automotive Coatings | Marine Coatings | Powder Coatings | Wood Coatings

      Research and Markets Releases Southeast Asia Coatings Market Report 2015

      ...
      10.16.15

    • Marine Coatings

      U.S. Demand for Paint & Coatings to Reach 1.4 Billion Gallons in 2019

      ...
      09.23.15

    • Marine Coatings | Market Trends & Forecast

      IRL Releases Report on Marine and Protective Coatings Market

      ...
      09.08.15


    • Marine Coatings

      TMR Forecasts Marine Coatings Market to Reach $11.88 Billion in 2020

      ...
      08.18.15

    • Industrial Coatings | Marine Coatings | Powder Coatings | Wood Coatings

      IRL Releases Profile of Central Asian Paint Industry

      ...
      05.13.15

    • Breaking News | Industrial Coatings | Marine Coatings | Market Trends & Forecast | Powder Coatings | Wood Coatings

      IRL Releases Profile of Indian Paint Industry

      ...
      04.27.15


    • Architectural Coatings | Breaking News | Industrial Coatings | Marine Coatings | Market Trends & Forecast | Powder Coatings | Wood Coatings

      IRL Releases A Profile of the Asia-Pacific Paint Industry

      ...
      03.13.15

    • Aerospace Coatings | Architectural Coatings | Automotive Coatings | Breaking News | Industrial Coatings | Marine Coatings | Market Trends & Forecast | Powder Coatings | Wood Coatings
      IRL Releases Profile of the Chinese Paint Industry

      IRL Releases Profile of the Chinese Paint Industry

      ...
      02.27.15

    • Industrial Coatings | Marine Coatings | Market Trends & Forecast | Powder Coatings | Wood Coatings

      IRL Releases Profile of Eastern European Paint Industry

      ...
      01.29.15

    Trending
    • Raw Material Availability, Prices Hikes May Be 2021’s Biggest Issue For Coatings, Ink Sectors
    • Evonik Joins MIT-IBM Watson AI Lab
    • Sika Expands Production Capacity In Qatar
    • Hempel Protects O2 Tidal Energy Turbine
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • IGL Coatings Announces Partnership in Finland
    • ChemQuest Group Hires Director
    • SONGWON, Chemo International Inc. Announce Distribution Partnership
    • Axalta Schedules 1Q 2021 Earnings Conference Call
    • PPG Directors Announce Quarterly Dividend of 54 Cents Per Share
    View Breaking News >
    CURRENT ISSUE

    April 2021

    • Coatings World Company Profile: Siltech Corp.
    • UV-Curable Coatings
    • Coatings World Interviews Axalta CEO Robert Bryant
    • Resins Update
    • Building a Sustainable Future
    • Paint for Commercial Vehicles Goes Greener
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    AstaReal Astaxanthin Ingredient Receives U.S. Patent Approval
    Study on Kemin’s DailyZz Botanical Blend Uncovers Sleep Quality, Next-Day Performance Benefits
    FDA’s Dr. Cara Welch Opening Speaker at the 9th AHPA Botanical Congress
    Coatings World

    Latest Breaking News From Coatings World

    Jebsen & Jessen, Innospec Sign Distribution Agreement
    IGL Coatings Announces Partnership in Finland
    Axalta Schedules 1Q 2021 Earnings Conference Call
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Iterative Scopes Announces IBD-Focused Scientific Advisory Board
    Vicarious Surgical, D8 Holdings Corp. Combine Operations in $1.1 Billion Deal
    FDA Grants De Novo Clearance to Medtronic’s GI Genius Model
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Bristol Myers Squibb Expands at Cambridge Crossing
    Amgen Completes Five Prime Acquisition
    Sartorius Expands in the UK
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Former L’Oréal Exec Joins Glossier
    Lancôme Reveals New Global Sustainability Program
    First-Ever Skincare Line Focuses on Iron To Prevent Aging
    Happi

    Latest Breaking News From Happi

    Fragrance Creators Association Celebrates P&G Executive
    Evonik Highlights Solutions for Malodor Reduction
    P&G Emphasizes Small Actions at Home To Be More Sustainable
    Ink World

    Latest Breaking News From Ink World

    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    SE-DA Invests in Kornit Presto S
    Acrylic Resins Market Worth $21.9 Billion by 2025: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI reveals Eugene Singer Award winners at Virtual Spring Summit
    Monadnock Paper Mills joins SGP
    ACTEGA helps converter reach sustainability goals
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Albaad to Add Natural-Based Line in Israel
    First Quality to Discontinue Tampon Operations
    Jessup Installs New Era Coating and Laminating Line
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    BioMagnetic Sciences Names President and CEO
    Mainstay Medical Launches ReActiv8 in Australia
    Biogennix Rolls Out Agilon Strip Bone Graft
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Virtual ASMC 2021 Spotlights Advanced Semiconductor Manufacturing Excellence
    LG Display Cuts Down CO2-eq Emissions by 3 Million Tons in 2020
    European Commission's Innovation Radar Acknowledges 3 ARMOR Innovations

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login