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Home PRESS RELEASES

Marine Coatings Market is Growing Exponentially in Order to Gain More Demand by 2022

by Newsroom Editor
October 21, 2022
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(EMAILWIRE.COM, October 21, 2022 ) The global “Marine Coatings Market is projected to grow from USD 3.31 billion in 2017 to USD 3.93 billion by 2022, at a CAGR of 3.50% during the forecast period from 2017 to 2022. The major driver for the growth of the Marine Coatings Market across the globe is the growing demand for marine coatingsfrom the Asia Pacific region, owing to the rapid development of the shipbuilding and offshore engineering industries in the region.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234885004

Target Audience:

Manufacturers of Marine Coatings
Chemical Suppliers
Raw Material Suppliers
Manufacturers of Coatings
Government and Research Organizations
Traders, Distributors, and Suppliers of Marine Coatings
Industry Associations
Research and Consulting Firms
Among applications, the cargo ships segment accounted for the largest share of the marine coatings market in 2016, in terms of value.

Based on application, the cargo ships segment accounted for the largest share of the marine coatings market in 2016, in terms of value. The cargo ships are specifically structured to carry large quantities of cargoes compressed in different types of containers. In addition, the cost of transportation through water is substantially lesser as compared to other modes of transportation. These factors are expected to increase the demand for cargo ships, thereby leading to increased demand for marine coatings.

Don’t miss out on business opportunities in the Marine Coatings Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. 
rnhttps://www.marketsandmarkets.com/speaktoanalystNew.asp?id=234885004

Browse in-depth TOC on “Marine Coatings Market”

125 – Market Data Tables 

28 – Figures 

142 – Pages 

The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value.

The marine coatings market has been studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific marine coatings market is projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the market in the Asia Pacific region can be attributed to increased demand for marine coatings from various countries such as China, India, and South Korea. Various countries of the Asia Pacific region have expanded their ship manufacturing base, which, in turn, has led to the growth of the Asia Pacific marine coatings market.

Key players operating in the marine coatings market include PPG Industries (US), AkzoNobel (Netherlands), Hempel (Denmark), Sherwin-Williams (US), Jotun (Norway), Chugoku Marine Paints (Japan), Nippon Paint (Japan), Kansai Paint (Japan), Axalta (US), and BASF Coatings (Germany).

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=234885004

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

Further breakdown of the Rest of Asia Pacific, Rest of Europe, Rest of South America, and Rest of the Middle East & Africa marine coatings markets
Further breakdown of subsegments of the marine coatings market
Detailed analysis and profiles of additional market players (up to five)
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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