Marine Coatings Market Gaining Revenue from Enzyme Based Marine Antifouling Paints

The global marine coatings market size was worth $5,463 million in 2018. Moreover, the market is foreseen to be growing at a compound annual growth rate (CAGR) of 3% during the forecast period of 2019 to 2025.

Hyderabad, India - July 19, 2019 /MarketersMedia/ —

The need to protect the ship hulls and other marine assets from corrosion, osmotic blistering, and fouling are major determinants for the lucrative growth of the marine coatings market. As per the recent findings from IndustryARC report, it has assessed that the global marine coatings market size was worth $5,463 million in 2018. Moreover, the market is foreseen to be growing at a compound annual growth rate (CAGR) of 3% during the forecast period of 2019 to 2025.

The report is titled “Marine Coatings Market: By Type (Anti-corrosion, Anti-fouling, Chemical Resistant, Others) By Type of Resins (Epoxy, Polyurethane, Others) By Technology (Water & Solvent borne) Application (Containers, Cargo Ships, Tankers, Others) & Geography - Forecast (2019 – 2025).” It provides the key market participants with the necessary business intelligence and helps to understand the future of the marine coatings market. This report covers marine coatings market size by type and technology, marine coatings market share by top 5 companies and also the market share by start-ups during the forecast period.

View Full Table of Contents of Marine Coatings Market:
https://www.industryarc.com/Report/11726/marine-coatings-market.html

Global Marine Coatings Market: Demand Analysis
Marine coating is a category of antifouling paints that are formulated with cuprous oxide. Demand for marine coatings is increasing due to ship repair and maintenance activities that are the significant reason for the upsurge demand for marine coatings market. Biomimetic antifouling coatings are special coatings that prevent the ship hull from a microorganism. Due to its low environmental impact, the are highly lucrative in the marine coatings market.

Global Marine Coatings Market: Leading Segments
Due to the increase in the adaptation of ship manufacturing and product trading, APAC has contributed the largest demand share in the global marine coatings market, at 36% in 2018. Also, the inclination of consumers towards water sports activities and ship vacations in APAC is anticipated to register the significant growth in the market.

As per the findings by an analyst of IndustryARC, the major application of marine coatings market is epoxy coatings and it is projected to grow at CAGR of 4.56% through to 2025. The epoxy resin paint demand is increasing due to its properties such as strength, durability, and chemical resistance. Also, the waterborne type of epoxy paints is considered to be the determinants for market progress.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=11726

Global Marine Coatings Market: Trends
The silicon-based hull coatings with hydrogel technology provide higher fleet efficiency and better fouling control. Hydrogel has the capability to absorb 99% of the water, minimize protein, and bacteria adhesion. Resultantly, hull seems as the liquid to the fouling organisms and hence, they never attach with it. The use of hydrogel in coatings is one of the trends in marine coating market.

A recent development by AkzoNobel in the marine coatings is made up of bio-renewable materials and known as elastomeric fouling control with lanion technology. The features of the coating such as smooth, low levels of hull roughness, and its outstanding resistance to fouling are gaining traction from various consumers in the marine coatings market.
The harmful substances in the coatings constitute the potential risk for aquatic life. The development of the biocides and enzymes based coatings in the marine coatings market is an effective solution to protect the hull from undesirable accumulations and organisms without impacting the marine environment and have lucrative properties. The increased demand for biocide free antifouling paints and gel is expected to enhance the marine coatings market.
Increasing demand for cruise ships and yacht among millennial is one of the factors for the growth of the marine coatings market.

The trend in faster drying marine coatings along with reduced VOC’s content coatings are gaining traction from various industries.

Growing ship repair and maintenance to control the surface and hull of ships from corrosion as well as increasing in offshore activities from oil & gas sector is influencing the demand for marine coatings.

Global Marine Coatings Market: Competitive Landscape
Some of the major players in the marine coatings market are Jotun, AkzoNobel, PPG Industries, Hempel, Chugoku Marine Paints Ltd., and Nippon Paint Marine Coatings Co. Ltd., Kansai Paint, Chugoku Marine Paints, BASF Coatings, Vermont Natural Coatings Inc.

Related Reports:

A. Latam Marine Coatings Market
https://www.industryarc.com/Report/19068/latam-marine-coatings-market

B. Architectural Coatings Market
https://www.industryarc.com/Report/18384/architectural-coatings-market.html

About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 614-588-8538
Website: https://www.industryarc.com/Domain/4/chemicals-materials-market-research.html

Source URL: https://marketersmedia.com/marine-coatings-market-gaining-revenue-from-enzyme-based-marine-antifouling-paints/88898874

Source: MarketersMedia

Release ID: 88898874

Other News

Harvey Weinstein wants to move trial out of NYC

Aug 21, 2019

NEW YORK — A lawyer for Harvey Weinstein has asked that the disgraced movie mogul's upcoming criminal trial be moved out of New York City, saying he can't get a fair trial. In a longshot motion filed with the state appellate court on Friday, attorney Arthur Aidala suggested the trial be moved to upstate Albany County or Suffolk County on Long Island. Aidala cited the intense media coverage and the circuslike atmosphere surrounding Weinstein's past court appearances in Manhattan. The 67-year-old Weinstein is charged with raping a woman in 2013 and performing a forcible sex act on a different woman...

Cowboys' Elliott won't face criminal charge in Vegas scuffle

Aug 21, 2019

LAS VEGAS — Dallas Cowboys star running back Ezekiel Elliott won't face criminal charges after scuffling with a music festival security guard in Las Vegas. Prosecutor Steve Wolfson said Tuesday the findings of a police investigation "lacked prosecutorial merit." The NFL said last month that Elliott didn't violate league personal conduct rules and wouldn't face suspension. Elliott was handcuffed but not arrested after police said he pushed a security guard to the ground at the event last May at Las Vegas Motor Speedway. Cellphone video obtained by celebrity website TMZ showed an event staffer stumbling over a parking barrier after...

Review: In 'Brittany Runs a Marathon,' a breakout for Bell

Aug 21, 2019

Getting in shape and putting your life together usually, at the movies, passes in a montage. But for many, the non-Rocky legions of us, such transformations require more than inspiring theme music and lifting weights in the snow. And for the Brittany (Jillian Bell) of "Brittany Runs a Marathon," that's especially true. Brittany is an aimless and broke 20-something in New York who's startled when her attempt to pry an Adderall prescription from a doctor (Patch Darragh) turns into a recommendation to improve her body mass index. He suggests she changes her hard-drinking lifestyle and lose about 50 pounds. After...

Calls for action from Twitter after Pogba gets racist abuse

Aug 21, 2019

LONDON — Manchester United defender Harry Maguire called on social media companies to require users to verify their identities after teammate Paul Pogba was targeted on Twitter with racial abuse. Racially offensive tweets about Pogba were posted after his penalty kick was saved in United's 1-1 draw at Wolverhampton Wanderers in the English Premier League on Monday. The 20-time English champions said they "encourage social media companies to take action in these cases" and Maguire offered a solution. "Every account that is opened should be verified by a passport/driving license. Stop these pathetic trolls making numerous accounts to abuse people,"...

Pell's appeal pitted word of former choirboy against priest

Aug 21, 2019

CANBERRA, Australia — Cardinal George Pell's appeal against his convictions for child molestation was largely a question of who the jury should have believed, his accuser or a senior priest whose church role was likened to Pell's bodyguard. Pell's accuser was a 13-year-old choirboy when he alleged that he was abused by then-Melbourne Archbishop Pell at the city's St. Patrick's Cathedral in December 1996 and February 1997. Monsignor Charles Portelli was a master of ceremonies at the 11 a.m. Sunday Masses where the choir sang. A chorister in the 1990s, David Dearing, told police that Portelli, Pell's right-hand man, was...

Enter Wicked dives into the Entertainment World seeking to report the hot topics going on with celebrities.

Contact us: sales@enterwicked.com