Marine Coating Market in Asia Pacific (2018-2024) Focus on Future Trend, Application and Regions
Category: #reports  By Madhuri Pawar  Date: 2019-02-11
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Marine Coating Market in Asia Pacific (2018-2024) Focus on Future Trend, Application and Regions

Asia Pacific Marine Coating Market size is predicted to cross USD 12 billion by 2024. Foul release coatings projected to be the fastest growing segment in the overall marine coating market during the forecast timeframe. Growing shipbuilding and ship repair & maintenance activities in the region shall propel the marine coating market growth in next few years. China is the largest producer and consumer of marine coating in Asia Pacific, owing to its increasing global trade and defense expenditure.

The Graphical Research report titled “APAC Marine Coating Market size based on Product, Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”.

Request for a sample of this research report - https://www.graphicalresearch.com/request/1036/sample

Marine coatings would prevent the growth of microorganisms, which adds to the frictional drag in vessels. Increased frictional drag would result in a higher fuel consumption, leading to higher CO2 emissions in the atmosphere. Thus, the increasing need for fuel saving and low-emission coatings from the consumers is driving the Asia Pacific marine coatings market. An unprecedented boom in the shipbuilding industry in Asia Pacific resulted in many new shipbuilding projects.

Volatility in raw material prices is one of the major factors hampering the growth of the market in the past few years. Raw materials represent the largest element of the marine coatings market. Thus, an increase in the cost of any key element can significantly impact the profitability.

Key applications of marine coatings include vessels, tank and containers, cargo ships, offshore vessels, tugs, yacht, and boats. Major end-user industries involved in the industry are commercial, transportation, military, and leisure boats. Considering the increasing demand for eco-friendly marine coatings globally, technological developments are key to the growth of the market. New coating technologies would enable fuel savings, reduce carbon dioxide emissions, translating into tradable carbon credits with a cash value.

Browse key industry insights from this 2018 report Asia Pacific Marine Coating Market in detail along with the table of contents at:

https://www.graphicalresearch.com/industry-insights/1036/asia-pacific-marine-coatings-market

The marine coating market is diverse and includes giant multi-national players. The marine coating industry has some chief global players including BASF SE, Akzo Nobel N.V., Hempel A/S, Chugoku Marine Paints Ltd., Jotun A/S, Kansai Paint Co. Ltd, Nippon Paint Holdings Co., Ltd, KCC Corporation, PPG Industries and MCU Coatings International.

Segments We Cover:

Marine coating market by product
Anti-fouling coating
Anti-corrosion coating
Foul release coating
Others

Marine coating market by application
Coastal
Containers
Deep see
Leisure boats
Offshore vessels
Others

The above information is provided on a regional and country basis for the following:
China
India
Japan
Australia
Indonesia
Malaysia

Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1036/inquiry-before-buying

Related Reports:

1.    Europe Marine Lubricants Market Size By Product (Bio-Based, Synthetic, Mineral Oil), By Application (Grease, Hydraulic Oil, Engine Oil), By Marine Channel (Recreational [Inflatable Boats, In Board Motor Boards, Out Board Motor Boats], Industrial [Drill Ships, Semi Submerged Ships], Transportation [Tankers, Cargo Ships, Container Ships, Passenger Ships]), Industry Analysis Report, Regional Outlook (Germany, UK, Netherlands, Belgium, Spain, Italy, Russia), Application Potential, Competitive Market Share & Forecast, 2018 – 2024

2.    Asia Pacific Attapulgite Market Share By Product (Colloidal, Sorptive), By End-User (Cat Litter Absorbent, Oil & Gas, Agriculture, Paints & Coatings, Medical & Pharmaceutical), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, Indonesia, Malaysia, Thailand, Singapore, South Korea, Vietnam, Philippines), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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