Global Marine Coatings Market to Reach US$11.9 bn by 2020, Rapid Rise in Maritime Industry to Drive Growth
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Transparency Market Research (TMR) has recently published a study on the global marine coatings market and projected the market to rise at a healthy CAGR of 6.50% during the period from 2014 and 2020. The market is expected to increase from a value of US$7.7 bn in 2013 to an estimated value of S$11.9 bn by the end of the forecast period.The research report is titled, “Marine Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.”
Marine coatings are protective coatings utilized mostly in the aquatic ecosystem to protect ships, yachts, tankers, vessels, and other objects from being corroded and abraded. Due to their specific properties, these coatings are capable of providing superior protection to the surfaces to which they are applied. In recent times, the demand for marine coatings has increased significantly owing to the rapid expansion of the maritime industry across the world.
In this report, the global marine coatings market has been studied on the basis of its regional distribution, the application of marine coatings, and the products available in this market.
On the regional basis, the global market for marine coatings has been segmented into Asia Pacific, Europe, North America, and the Rest of the World. In terms of demand, Asia Pacific led the global market with a share of more than 64% in 2013. The rise in the shipbuilding industry in Asia countries such as Japan, South Korea, and China has propelled the marine coatings market in Asia Pacific.
Europe accounted for the second position in the overall market in 2013. The increasing demand for these coatings in ship repairing and maintenance has boosted the Europe marine coatings market significantly over the past few years.
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Over the forecast period, the report expects the North America marine coating market to experience sluggish growth, whereas, the Rest of the World market is likely to register a significant rise owing to the rapid increase in the marine industries in Saudi Arabia, Brazil, and South Africa, notes the research study.
The global marine coating market is segmented into:
By Product
Anti-fouling coatings
Anti-corrosion coatings
Foul release coatings
Others (Including self-cleaning coatings, etc.)
By Application
Coastal
Containers
Deep sea
Leisure boats
Offshore vessels
Others (Including icebreakers, etc.)
By Region
North America
Europe
Asia Pacific
Rest of the World
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Marine coatings are protective coatings utilized mostly in the aquatic ecosystem to protect ships, yachts, tankers, vessels, and other objects from being corroded and abraded. Due to their specific properties, these coatings are capable of providing superior protection to the surfaces to which they are applied. In recent times, the demand for marine coatings has increased significantly owing to the rapid expansion of the maritime industry across the world.
In this report, the global marine coatings market has been studied on the basis of its regional distribution, the application of marine coatings, and the products available in this market.
On the regional basis, the global market for marine coatings has been segmented into Asia Pacific, Europe, North America, and the Rest of the World. In terms of demand, Asia Pacific led the global market with a share of more than 64% in 2013. The rise in the shipbuilding industry in Asia countries such as Japan, South Korea, and China has propelled the marine coatings market in Asia Pacific.
Europe accounted for the second position in the overall market in 2013. The increasing demand for these coatings in ship repairing and maintenance has boosted the Europe marine coatings market significantly over the past few years.
Enquiry Before Buying :- http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=902
Over the forecast period, the report expects the North America marine coating market to experience sluggish growth, whereas, the Rest of the World market is likely to register a significant rise owing to the rapid increase in the marine industries in Saudi Arabia, Brazil, and South Africa, notes the research study.
The global marine coating market is segmented into:
By Product
Anti-fouling coatings
Anti-corrosion coatings
Foul release coatings
Others (Including self-cleaning coatings, etc.)
By Application
Coastal
Containers
Deep sea
Leisure boats
Offshore vessels
Others (Including icebreakers, etc.)
By Region
North America
Europe
Asia Pacific
Rest of the World
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com