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Marine coatings play a key role in protection from corrosion. They have the ability to protect effectively against oxidization for several years, which depends on technical parameters such as fundamental corrosion protection through galvanic, barrier or inhibition effects, enhanced adhesion properties, higher mechanical strength, and crack-resistant properties.
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Protective & Marine Coatings Market Protective & Marine Coatings Market Report, published by Allied Market Research, forecasts that the global market was valued at $18,437 million in 2016, and is expected to garner $31,047 million by 2023, registering a CAGR of 7.7% during the forecast period 2017 - 2023. Asia-Pacific leads the protective & marine coatings market, in terms of both volume and value, and is expected to continue to lead through 2023. Increased demand for protective & marine coatings is due to the recovery of the global economy and rapid industrialization, and depends on the end-user industries it serves, such as steel, automobiles, furniture, and construction. In addition, increase in stringent system of competition, a unique formulation technology, and product development are expected to stimulate the growth in the global market. However, strict environmental regulations on production and usage of protective coatings are expected to restrict the market growth, but mergers are expected to remain as the key strategy of the players to widen their brand portfolios and expand their market outreach. DownloadReportSample
Protective & Marine Coatings Market RequestSampleReportat:https://www.alliedmarketresearch.com/request-sample/2146 Key Market Players: NIPPON PAINTS CO. LTD., THE DOW CHEMICAL COMPANY, PPG INDUSTRIES, INC., KANSAI PAINTS CO., LTD, THE SHERWIN-WILLIAMS COMPANY, BASF SE, HEMPEL A/S, WACKER CHEMIE AG, 3M CO., AKZONOBEL N.V. DownloadReportSample
Protective & Marine Coatings Market The epoxy resin segment is expected to maintain its dominance in the global market during the forecast period. It held nearly half of the market share in 2016, in terms of value, owing to its high functionality. However, acrylic-based coatings are expected to grow with the highest rate, owing to their inertness and excellent color retention when exposed to outdoor conditions. In 2016, marine end-use industry dominated the global market, with nearly one-fourth share, in terms of volume. Increase in demand for maintenance & repair for ships/boats is anticipated to drive the market growth. DownloadReportSample
Protective & Marine Coatings Market • Purchasethis Report:https://www.alliedmarketresearch.com/checkout-final/2e8a9371000b56d0a3e8c81ccd9488be • Keyfindings of thestudy: • In terms of value, acrylic segment is expected to grow at a CAGR of 8.5% during the forecast period. • In Asia-Pacific, China is estimated to grow at the highest CAGR of 8.6%, in terms of value. • Construction as an end-use industry occupied around one-fifth of the global market share in 2015, in terms of value. • Germany accounted for one-fourth of the European protective & marine coatings market in 2016, and is expected to grow at a significant CAGR of 7.7%, in terms of value. DownloadReportSample
Protective & Marine Coatings Market The report segments global protective & marine coatings market based on resin type, end-use industry, and geography. Based on resin type, it is classified into epoxy, polyurethane, acrylic, alkyd, polyester, and others. Based on end-use industry, it is divided into marine, oil & gas, industrial, construction, energy & power, transportation, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. DoYouHaveAnyQueryOrSpecificRequirement?AsktoOurIndustry Expert:https://www.alliedmarketresearch.com/purchase-enquiry/2146 DownloadReportSample
Protective & Marine Coatings Market AboutAlliedMarketResearch: Allied MarketResearch(AMR) is a full-service market researchand business-consultingwing of Allied Analytics LLPbasedinWilmington,Delaware.AlliedMarketResearchprovidesglobalenterprisesaswellas medium and small businesseswith unmatched quality of "Market ResearchReports"and "Business Intelligence Solutions." AMR has a targeted viewto providebusiness insights and consulting to assist its clients to make strategic business decisions and achieve sustainablegrowth in theirrespectivemarket domain. Pawan Kumar,the CEO of Allied MarketResearch,is leading the organization toward providinghigh-quality dataandinsights.Weareinprofessionalcorporaterelationswithvariouscompaniesandthishelpsusin digging out marketdata that helps us generateaccurate researchdata tables and confirms utmost accuracy in our market forecasting. Each and everydata presentedin the reportspublished by us is extracted through primary interviewswith top officials from leading companiesof domain concerned.Our secondary data procurementmethodologyincludes deep online and offline researchand discussion with knowledgeable professionalsandanalystsintheindustry . DownloadReportSample
Protective & Marine Coatings Market DavidCorrea 1209OrangeStreet, Corporation Trust Center, Wilmington,NewCastle, Delaware19801USA. Int'l:+1-503-894-6022 TollFree:+1-800-792-5285 Fax:+1-800-792-5285 help@alliedmarketresearch.com Web:www.alliedmarketresearch.com AlliedMarketResearchBlog:https://blog.alliedmarketresearch.com FollowUson|Facebook|LinkedIn|YouTube| DownloadReportSample
