Global Marine and Protective Coatings Resins Market, By Resin Type (Epoxy, Polyurethane, Acrylic, Alkyd, Polyester, Others), End-User (Industrial, Oil & Gas, Marine, Automotive, Construction, Mining, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Marine and Protective Coatings Resins Market
The marine and protective coatings resins market is expected to witness market growth at a rate of 6.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on marine and protective coatings resins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of marine and protective coatings resins market.
Marine coatings refers to the protective coatings that possess the ability to efficiently protect against the oxidation depending on the technical parameters such as barrier or inhibition effects, corrosion protection through galvanic, and enhanced adhesion and crack resistant properties. Film drying, laser fusing and laser marking are some of the technologies included in the marine coatings.
The rise in from civil building & infrastructure industry across the globe acts as one of the major factors driving the growth of marine and protective coatings resins market. The increase in need for efficient processes and longer life of equipment and devices, and high demand from navies of all the countries as well as commercial ships used for both cargo and passenger transportation purposes accelerate the market growth. The high adoption of the product in marine industry as they offer several benefits to the ships that they are painted on including weather resistance, improvement of appearance, and resistance to chemical solvents such as water, and oils further influence the market. Additionally, presence of various compliances, growth in awareness, expansion of various end use industries and rise in need for efficient processes and longer life of equipment positively affect the marine and protective coatings resins market. Furthermore, advancements in the equipment and devices extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high prices of raw materials and energy and are expected to obstruct the market growth. The development of cost-effective products under stringent environmental regulations is projected to challenge the marine and protective coatings resins market in the forecast period of 2021 to 2028.
This marine and protective coatings resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on marine and protective coatings resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Marine and Protective Coatings Resins Market Scope and Market Size
The marine and protective coatings resins market is segmented on the basis of resin type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the marine and protective coatings resins market is segmented into epoxy, polyurethane, acrylic, alkyd, polyester and others.
- On the basis of end-user, the marine and protective coatings resins market is segmented into industrial, oil & gas, marine, automotive, construction, mining and others.
Marine and Protective Coatings Resins Market Country Level Analysis
The marine and protective coatings resins market is analyzed and market size, volume information is provided by country, resin type and end-user as referenced above.
The countries covered in the global marine and protective coatings resins market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the marine and protective coatings resins market due to the presence of the developed marine and oil & gas sector within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the growing energy requirement in the developing economies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Marine and Protective Coatings Resins Market Share Analysis
The marine and protective coatings resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to marine and protective coatings resins market.
The major players covered in the marine and protective coatings resins market report are Diamond Vogel, Jotun, RPM International, Inc., DSM, Solvay, Sono-Tek Corporation, Hempel A/S, Wacker Chemie AG, Akzonobel N.V., The Sherwin-Williams Company, PPG Industries, Inc., Valspar, Sika AG, and Ashland, Clariant International Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.