Kerry Pianoforte, Associate Editor05.15.12
The market for marine coatings has continued to show signs of improvement. Expectations are that growth will continue in 2012 and beyond, as Asia Pacific continues to lead the way in new shipbuilding and dry-docking.
The global marine coatings market started recovering from the economic downturn during 2010 and the global marine market performed as predicted in 2011. “Growth was in the five percent range globally,” said Steve Dickey, global director, marine marketing, The Sherwin-Williams Company. “The expectation for 2012 is continued growth overall at the same level. Growth in Asia will be about where it has been for the last two years. Growth in the rest of the world will be flat at two percent or less.”
With the world economic slowdown, the number of newbuild chemical tankers coming onto the market saw a sharp decrease in 2011, according to Donald Keehan, chairman of Advanced Polymer Coatings (APC). “However, APC’s MarineLine cargo tank coating/lining system was already specified on a number of vessels, so we were able to maintain our momentum,” he said.
For 2012 APC is focusing on several addi
The global marine coatings market started recovering from the economic downturn during 2010 and the global marine market performed as predicted in 2011. “Growth was in the five percent range globally,” said Steve Dickey, global director, marine marketing, The Sherwin-Williams Company. “The expectation for 2012 is continued growth overall at the same level. Growth in Asia will be about where it has been for the last two years. Growth in the rest of the world will be flat at two percent or less.”
With the world economic slowdown, the number of newbuild chemical tankers coming onto the market saw a sharp decrease in 2011, according to Donald Keehan, chairman of Advanced Polymer Coatings (APC). “However, APC’s MarineLine cargo tank coating/lining system was already specified on a number of vessels, so we were able to maintain our momentum,” he said.
For 2012 APC is focusing on several addi
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