HOME Top Market Reports Marine Coatings Market by Type (Anti-corrosive, Anti-fouling, and Others) and Based on Chemistry (Epoxy, Polyurethane, and Others) - Global Trends & Forecasts to 2019

Marine Coatings Market by Type (Anti-corrosive, Anti-fouling, and Others) and Based on Chemistry (Epoxy, Polyurethane, and Others) - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: CH 2732

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Marine coatings are used in commercial and military ships (for both salt and fresh water), fixed and floating marine structures such as offshore oil rigs, and recreational boats and yachts. Some of them are passenger ships, freighters, tankers, container ships, fishing boats and ferries, as well as oil rigs, inland waterway ships, barges, and tow boats. They are designed with particular functionality properties to best protect and preserve the surfaces to which they are applied. Specific areas of marine vessels and yachts require specially formulated marine coatings for use above and below the waterline. For instance, anti-fouling coatings which protect surfaces from fouling are highly engineered and subject to intense regulation.

The marine coatings market is projected to grow at a CAGR of more than 6.8% over the period 2014–2019, in terms of volume. One of the key factors contributing to this market growth is the expansion of the oil & gas market. Also, ships in the oceans are subject to harsh environments and the constant need for their maintenance and repair can be a significant driver to sustain market demand in the years to come. The market has also been witnessing the growing consumer preference for eco-friendly products; however, the strict environmental regulations could pose a challenge to the growth of this market.

The Asia-Pacific region remains the largest market for marine coatings, followed by EMEA (Europe, The Middle East & Africa), and America which are comparatively a small market as compared to Asia-Pacific. The Asia-Pacific market is projected to reach $8.6 billion by 2019.

This report aims to estimate the market size of marine coatings for 2014 and to project its expected demand till 2019. This market research study provides a detailed qualitative and quantitative analysis of the market. We have used various secondary sources, such as encyclopedias, directories, and databases to identify and collect information useful for this extensive commercial study of the market. The primary sources experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

Competitive scenarios of the top players in the market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These top companies include: The Sherwin-Williams Co., Akzo Nobel NV, Chugoku Marine Paints Ltd., Jotun A/S, and PPG Industries Inc. Other prominent players are BASF SE, Hempel A/S, Kansai paint Co. Ltd., and Nippon Paint Marine Coatings Co. Ltd.

Scope of the report

This research report categorizes the market on the basis of product type and region in terms of volume and value and analyzing trends in each of the sub-markets.

On the basis of product type: The market is segmented by type of products, such as anti-corrosive coatings, anti-fouling coatings, and others. Each of these products is further described in detail in the report with volume and value forecasts as well.

On the basis of chemistry: The market is segmented based on chemistry, such epoxy-based marine coatings, polyurethane-based marine coatings, and others. Each product based on chemistry is further described in detail in the report with volume and value forecasts as well.

On the basis of region: The market is segmented by key regions Asia-Pacific, EMEA, and America and for key countries within these regions.


Table of Contents 
 
1 Introduction (Page No. - 14)
  1.1 Objectives Of The Study
  1.2 Market Scope
      1.2.1 Market Definition
      1.2.2 Markets Covered
            1.2.2.1 Marine Coatings Market Scope, By Type
            1.2.2.2 Market Scope, Based On Chemistry
            1.2.2.3 Market Scope, By Region
  1.3 Currency
      1.3.1 Limitations
  1.4 Stakeholders

2 Research Methodology (Page No. - 17)
  2.1 Market Size Estimation
  2.2 Market Crackdown & Data Triangulation
  2.3 Market Share Estimation
      2.3.1 Key Insights
      2.3.2 Assumptions

3 Executive Summary (Page No. - 24)
 
4 Premium Insights (Page No. - 27)
  4.1 Attractive Market For Marine Coatings Manufacturers
  4.2 Marine Coatings Market Growing At A Steady Rate
  4.3 Leading Six Countries In The Market, 2013
  4.4 Market Share, By Type
  4.5 Market Size, By Leading Country, In Terms Of Growth Rate, 2014—2019
  4.6 Rise In Marine Coatings’ Demand In Asia-Pacific
  4.7 Market Attractiveness, By Region

5 Industry Trends (Page No. - 34)
  5.1 Introduction
  5.2 Value Chain Analysis
  5.3 Raw Material Analysis
  5.4 Marine Coatings Prices, By Region
  5.5 Porter’s Five Forces Analysis
  5.6 Threat Of New Entrants
      5.6.1 Threat Of Substitutes
      5.6.2 Bargaining Power Of Suppliers
      5.6.3 Bargaining Power Of Buyers
      5.6.4 Intensity Of Competitive Rivalry
  5.7 Strategic Benchmarking
      5.7.1 New Product Development
      5.7.2 Expansion

6 Market Overview (Page No. - 40)
  6.1 Introduction
  6.2 Market Segmentation
      6.2.1 Marine Coatings Market, By Type
      6.2.2 Market Based On Chemistry
  6.3 Market Dynamics
      6.3.1 Drivers
            6.3.1.1 Growing Demand From Asia-Pacific Region
            6.3.1.2 China: Leading The Market Demand
            6.3.1.3 Upcoming New Building Projects And Programs
            6.3.1.4 Reduction In Fuel Consumption
      6.3.2 Restraints
            6.3.2.1 Volatile Priceof Raw Materials
            6.3.2.2 Government Regulations
      6.3.3 Opportunities
            6.3.3.1 Rapid Growth In Oil & Gas Industry
            6.3.3.2 Upcoming Technology And Advancement In Marine Coatings Industry
      6.3.4 Burning Issue
            6.3.4.1 Environmental Focus Amongst Ship Owners And Shipyard Clients Will Impact The Future Coatings Developments

7 Market, By Type (Page No. - 49)
  7.1 Introduction
  7.2 Anti-Corrosive Coatings
  7.3 Anti-Fouling Coatings
  7.4 Other Marine Coatings
 
8 Market, Based On Chemistry (Page No. - 58)
  8.1 Introduction
  8.2 Epoxy-Based Marine Coatings
  8.3 Polyurethane-Based Marine Coatings
  8.4 Others
 
9 Regional Analysis (Page No. - 66)
  9.1 Introduction
  9.2 Asia-Pacific
      9.2.1 Overview
      9.2.2 Market Analysis, Based On Chemistry
      9.2.3 Market Analysis, By Type
      9.2.4 Market Analysis, By Country
            9.2.4.1 China
            9.2.4.2 South Korea
            9.2.4.3 Japan
            9.2.4.4 Thailand
            9.2.4.5 Singapore
  9.3 Europe, Middle East And Africa (Emea)
      9.3.1 Overview
      9.3.2 Market Analysis, Based On Chemistry
      9.3.3 Market Analysis, By Types
      9.3.4 Market Analysis, By Country
            9.3.4.1 Turkey
            9.3.4.2 Germany
            9.3.4.3 The Uae
  9.4 Americas
      9.4.1 Overview
      9.4.2 Market Analysis, Based On Chemistry
      9.4.3 Market Analysis, By Types
      9.4.4 Market Analysis, By Country
            9.4.4.1 U.S.
            9.4.4.2 Brazil

10 Competitive Landscape (Page No. - 93)
   10.1 Overview
   10.2 Market Share Analysis
   10.3 New Product Development: The Most Popular Growth Strategy
   10.4 Maximum Developments In 2012
   10.5 Jotun Paints: The Most Active Participant
   10.6 Competitive Situation & Trends
        10.6.1 New Product Development
        10.6.2 Expansions
        10.6.3 Agreements
        10.6.4 Joint Ventures
 
 
11 Company Profiles (Overview, Financial*, Products & Services, Strategy, And Developments)  (Page No. - 106)
   11.1 Introduction
   11.2 Akzonobel N.V.
   11.3 Hempel A/S
   11.4 PPG Industries Inc.
   11.5 BASF Se
   11.6 The Sherwin-Williams Company
   11.7 Jotun A/S
   11.8 Chugoku Marine Paints Ltd.
   11.9 Nippon Paint Holdings Co. Ltd
   11.10 Dupont.
   11.11 Kansai Paint Co. Ltd *Details Might Not Be Captured In Case Of Unlisted Companies. 

12 Appendix (Page No. - 132)
   12.1 Discussion Guide
   12.2 Introducing Rt: Real Time Market Intelligence
   12.3 Available Customizations
   12.4 Related Reports
 
 
List of Tables  (84 Tables)
 
Table 1 Marine Coatings Prices, By Region, 2012-2019 ($/T)
Table 2 Growing Demand From Asia-Pacific Is Propelling The Growth Of Marine Coatings Market
Table 3 Increasing Price Of Raw Materials & Government Regulations Are Restraining The Market Growth
Table 4 Increasing Growth In Oil & Gas Industry Is Paving New Growth Avenues For Players In The Marine Coatings Market
Table 5 Marine Coatings Market Size, By Type, 2012 – 2019 (Million Liters)
Table 6 Marine Coatings Market Size, By Type, 2012 – 2019 ($Million)
Table 7 Anti-Corrosive Coatings Market Size, By Region, 2012 – 2019 (Million Liters)
Table 8 Anti-Corrosive Coatings Market Size, By Region, 2012 – 2019 ($Million)
Table 9 Anti-Fouling Coatings Market Size, By Region, 2012 – 2019 (Million Liters)
Table 10 Anti-Fouling Coatings Market Size, By Region, 2012 – 2019 ($Million)
Table 11 Others Market Size, By Region, 2012 – 2019 (Million Liters)
Table 12 Others Market Size, By Region, 2012 – 2019 ($Million)
Table 13 Marine Coatings Market Size, Based On Chemistry, 2012 – 2019 (Million Liters)
Table 14 Marine Coatings Market Size, Based On Chemistry, 2012 – 2019 ($Million)
Table 15 Epoxy-Based: Market Size, By Region, 2012 – 2019 (Million Liters)
Table 16 Epoxy-Based: Market Size, By Region, 2012 – 2019 ($Million)
Table 17 Polyurethane-Based: Market Size, By Region, 2012 – 2019 (Million Liters)
Table 18 Polyurethane-Based: Market Size, By Region, 2012 – 2019 ($Million)
Table 19 Others Marine Coatings Based On Chemistry, Market Size, By Region, 2012 – 2019 (Million Liters)
Table 20 Others Marine Coatings Based On Market Size, By Region, 2012 – 2019 ($Million)
Table 21 Marine Coatings Market Size, By Region, 2012–2019 (Million Liters)
Table 22 Marine Coatings Market Size, By Region, 2012–2019 ($Million)
Table 23 Asia-Pacific: Market Size, Based On Chemistry, 2012–2019 (Million Liters)
Table 24 Asia-Pacific: Market Size, Based On Chemistry, 2012–2019 ($Million)
Table 25 Asia-Pacific: Market Size, By Type, 2012–2019 (Million Liters)
Table 26 Asia-Pacific: Market Size, By Type, 2012–2019 ($Million)
Table 27 Asia-Pacific: Market Size, By Country, 2012–2019 (Million Liters)
Table 28 Asia-Pacific: Market Size, By Country, 2012–2019 ($Million)
Table 29 China: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 30 China: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 31 China: Market Size, By Type, 2012-2019 (Million Liters)
Table 32 China: Market Size, By Type, 2012-2019 ($Million)
Table 33 South Korea: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 34 South Korea: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 35 South Korea: Market Size, By Type, 2012-2019 (Million Liters)
Table 36 South Korea: Market Size, By Type, 2012-2019 ($Million)
Table 37 Japan: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 38 Japan: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 39 Japan: Market Size, By Type, 2012-2019 (Million Liters)
Table 40 Japan: Market Size, By Type, 2012-2019 ($Million)
Table 41 Thailand: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 42 Thailand: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 43 Thailand: Market Size, By Type, 2012-2019 (Million Liters)
Table 44 Thailand: Marine Coatings: Market Size, By Type, 2012-2019 ($Million)
Table 45 Singapore: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 46 Singapore: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 47 Singapore: Market Size, By Type, 2012-2019 (Million Liters)
Table 48 Singapore: Market Size, By Type, 2012-2019 ($Million)
Table 49 Emea: Market Size, Based On Chemistry, 2012–2019 (Million Liters)
Table 50 Emea: Market Size, Based On Chemistry, 2012–2019 ($Million)
Table 51 Emea: Market Size, By Type, 2012–2019 (Million Liters)
Table 52 Emea: Market Size, By Type, 2012–2019 ($Million)
Table 53 Emea: Market Size, By Country, 2012–2019 (Million Liters)
Table 54 Emea: Market Size, By Country, 2012–2019 ($Million)
Table 55 Turkey: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 56 Turkey: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 57 Turkey: Market Size, By Type, 2012-2019 (Million Liters)
Table 58 Turkey: Market Size, By Type, 2012-2019 ($Million)
Table 59 Germany: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 60 Germany: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 61 Germany: Market Size, By Type, 2012-2019 (Million Liters)
Table 62 Germany: Market Size, By Type, 2012-2019 ($Million)
Table 63 The Uae: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 64 The Uae: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 65 The Uae: Market Size, By Type, 2012-2019 (Million Liters)
Table 66 The Uae: Market Size, By Type, 2012-2019 ($Million)
Table 67 Americas: Market Size, Based On Chemistry, 2012–2019 (Million Liters)
Table 68 Americas: Market Size, Based On Chemistry, 2012–2019 ($Million)
Table 69 Americas: Market Size, By Type, 2012–2019 (Million Liters)
Table 70 Americas: Market Size, By Type, 2012–2019 ($Million)
Table 71 Americas: Market Size, By Country, 2012–2019 (Million Liters)
Table 72 Americas: Market Size, By Country, 2012–2019 ($Million)
Table 73 U.S.: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 74 U.S.: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 75 U.S.: Market Size, By Type, 2012-2019 (Million Liters)
Table 76 U.S.: Market Size, By Type, 2012-2019 ($Million)
Table 77 Brazil: Market Size, Based On Chemistry, 2012-2019 (Million Liters)
Table 78 Brazil: Market Size, Based On Chemistry, 2012-2019 ($Million)
Table 79 Brazil: Market Size, By Type, 2012-2019 (Million Liters)
Table 80 Brazil: Market Size, By Type, 2012-2019 ($Million)
Table 81 New Product Development, 2009-2014
Table 82 Expansions, 2009-2014
Table 83 Agreements, 2009-2014
Table 84 Joint Ventures, 2009-2014
 
 
List of Figures  (59 Figures)
 
Figure 1 Marine Coatings Market: Research Methodology
Figure 1 Market Size Estimation: Bottom-Up Approach
Figure 1 Market Size Estimation: Top-Down Approach
Figure 1 Break Down Of Primary Interviews, By Company Type, Designation & Region
Figure 2 Key Data From Secondary Sources
Figure 3 Key Data From Primary Sources
Figure 4 Global Marine Coatings By Type Snapshot (2014 Vs. 2019)  In Terms Of Volume
Figure 5 Market, By Country, 2014 (Million Liters)
Figure 6 Market Share (Volume), By Region, 2014
Figure 7 Attractive Opportunity In The Marine Coatings Market
Figure 8 Marine Coatings Market: Steady Growth Expected Between 2014 & 2019
Figure 9 China & South Korea: Top Two Contributors To The Global Marine Coatings Volume In 2013
Figure 10 Anti-Corrosive Marine Coatings Is The Most Dominant Segment By Type, Globally
Figure 11 Key Growth Pockets: Top 5 Countries To Invest In The Next Five Years
Figure 12 Increase In The Demand For Marine Coatings In Asia-Pacific
Figure 13 Asia-Pacific: Commands High Growth Due To The Growth In Shipping Industry
Figure 14 Value Chain Analysis For Marine Coatings: Raw Materials Account For The Major Value Addition
Figure 15 Players Involved In Different Stages Of The Marine Coatings Market
Figure 16 Porter’s Five Forces Analysis (2013)
Figure 17 Strategic Benchmarking: Companies Adopted New Product Development As Their Business Strategy
Figure 18 Strategic Benchmarking: Companies Adapted The Strategy Of Expansion To Improve Their Production Capacity
Figure 19 Market Segmentation, By Type
Figure 20 Market Segmentation Based On Chemistry
Figure 21 Overview Of The Forces Governing The Marine Coatings Market
Figure 22 Types Of Marine Coatings
Figure 23 Anti-Corrosive Type To Have The Highest Growth In The Marine Coatings Market, (2014-2019)
Figure 24 Anti-Corrosive Marine Coatings To Witness High Value Growth From 2014 To 2019
Figure 25 Asia-Pacific Is The Fastest-Growing Region (2014-2019)
Figure 26 Asia-Pacific To Be The Fastest-Growing Region For Anti-Fouling Coatings Market (2014-2019)
Figure 27 Asia-Pacific To Be The Fastest-Growing Region For Other Coatings Market  (2014-2019)
Figure 28 Marine Coatings, Based On Chemistry
Figure 29 Epoxy-Based Marine Coatings To Have The Highest Growth In The Marine Coatings Market (2014-2019)
Figure 30 New Shipbuilding Industry In Asia-Pacific Expected To Drive The Market (2014-2019)
Figure 31 Asia-Pacific To Be The Fastest-Growing Region For Polyurethane-Based Marine Coatings Market (2014-2019)
Figure 32 Asia-Pacific To Be The Fastest-Growing Region For Other Coatings Market  (2014-2019)
Figure 33 Regional Snapshot (2013)—Rapidly Growing Markets Are Emerging As New Hotspots
Figure 34 Asia-Pacific—Highest Growth Rate Between 2014-2019
Figure 35 Asia-Pacific Marine Coatings Market Snapshot—China: Most Lucrative Market
Figure 36 Turkey Is The Major Consumer Of Marine Coatings In Emea, 2014
Figure 37 Americas Market Snapshot: Slow Growth In Marine Coatings Market
Figure 38 Companies Adopted Facility & Capacity Expansion As The Key Growth Strategy
Figure 39 Global Marine Coatings Market Share, By Key Player, 2013
Figure 40 Major Growth Strategies In Global Marine Coatings Market, 2009 – 2014
Figure 41 Developments In Global Marine Coatings Market, 2009-2014
Figure 42 Global Marine Coatings Market: Growth Strategies, By Company, 2009–2014
Figure 43 Number Of Developments, By Type, 2011-2014
Figure 44 Market Penetration Of Major Palyers, By Region
Figure 45 Akzonobel N.V.: Business Overview
Figure 46 Akzonobel N.V.: Swot Analysis
Figure 47 Hempel A/S: Business Overview
Figure 48 Hempel A/S: Swot Analysis
Figure 49 PPG Industries Inc: Business Overview
Figure 50 PPG Industries Inc.: Swot Analysis
Figure 51 BASF Se: Business Overview
Figure 52 BASF Se: Swot Analysis
Figure 53 The Sherwin-Williams Company: Business Overview
Figure 54 The Sherwin-Williams Company: Swot Analysis
Figure 55 Jotun A/S: Business Overview
Figure 56 Chugoku Marine Paints: Business Overview
Figure 57 Eternal Chemical Co. Ltd.: Business Overview
Figure 58 Dupont: Business Overview
Figure 59 Kansai Paint Co. Ltd.: Business Overview

The marine coatings market is projected to register a CAGR of 8.9% between 2014 and 2019 to reach $10.4 billion in terms of value.

Marine coatings are specifically formulated to protect and restore all surfaces of marine craft from salt water and air as well as UV degradation from the sun. They protect metals, such as stainless steel, brass, copper, and chrome from oxidization, corrosion, and staining, above and below deck. They also protect marine ships, vessels, and structures from fouling. Without anti-fouling coatings, it takes about 60 seconds until unwanted organisms begin to settle on the ship hull. Consequently, marine coatings have to be highly corrosion-resistant and must prevent the fouling of ship structure especially below the waterline. Legislation, environment-friendliness, and costumer demands challenge the coatings formulator these days.

The global market by type is broadly segmented into anti-corrosive, anti-fouling, and other marine coatings. The anti-corrosive segment accounted for the largest size of the market and is projected to grow at the highest CAGR between 2014 and 2019, in terms of volume. Anti-corrosive marine coatings are slated for high growth due to their favorable cost and enhanced performance. The global anti-fouling market is witnessing a CAGR of more than 6% during the period of study. The need to lower fuel consumption is a strong market driver for anti-fouling marine coatings and applied to ships' hulls offer a way to combat emissions and reduce fuel consumption.

The marine coatings based on chemistry are epoxy, polyurethane, and others. Epoxy accounted for the largest share of the market in 2013, in terms of volume; while the market share for polyurethane-based marine coatings in 2013, in terms of volume, was 19%.

Asia-Pacific dominated the marine coatings market followed by EMEA (Europe and Middle East & Africa). Robust growth in the ship building industry and offshore engineering are likely to boost the consumption of marine coatings and fuel its market in Asia-Pacific. The increasing maintenance of vessels and repair at sea from wear and tear, as well as new ship manufacturing are expected to be primary drivers for this market. China, South Korea, and Japan are the leading consumers in the Asia-Pacific region. These three countries accounted for more than 80% of the overall consumption in Asia-Pacific in 2013. Thailand and Singapore are also emerging markets in the industry. However, the strict environmental regulations could pose a challenge to the growth of this market.

Marine Coatings Market, by Type, 2013

Marine Coatings Market

Marine Coatings Market, Based on Chemistry, 2013

Marine Coatings Market

Marine Coatings Market, by Region, 2013

Marine Coatings Market

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

This report covers the market by key regions and chief countries in each region. It also provides a detailed segmentation of the marine coatings market on the basis of product type and based on chemistry along with projections till 2019.

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