© Coherent market Insights. All Rights Reserved MARINE COATINGS MARKETMARINE COATINGS MARKET - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis,

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Marine coatings are used in marine environments for protection against corrosion, fouling, and UV radiation. The protection of the ship both above and below the waterline is crucial. Above the waterline, marine coatings help prevent damage due to UV radiation. Moreover, application of marine coatings below the waterline help prevent fouling and corrosion. An increase in life of marine vessels and equipment is observed on application of marine coatings. There is a tendency of corrosion due to exposure to hostile marine environments. The consequences of corrosion are larger than the price incurred in preventing it, hence marine coatings have become a vital part of the shipping and shipbuilding industries. In addition, fuel consumption is reduced if the ship is in optimal shape. The major challenges are environmental regulations against leachable coatings. High VOC coats on leaching have an adverse effect on marine ecosystems. Furthermore, oil price instability has led to raw material price fluctuations which will slow down market growth in the forecast period. Marine Coatings Market Overview

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION On basis of Product Type  Anti-Fouling  Foul Release  Slime Release  Anti-Corrosion  Epoxy based  Polyurethane  Water based  Others On basis of Application  Marine  Freight Containers  Fishing Vessels  Shipyards & Ports  Marine Coatings Market Taxonomy

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Anti-fouling agents are applied on the marine vessels and equipment to prevent bio-fouling, which is the growth of algae, micro-organisms, plants, and animals. Increase in drag is observed due to bio-fouling which results in soaring fuel costs. The application of foul release agents makes the surface of material smooth, low friction and slippery, not allowing fouling organisms to attach to the surface. These are eco-friendly substitutes for anti-fouling agents. The largest end user is the marine industry. As it operates in the midst of a highly corrosive saline environment. The need for frequent dry docking is reduced by coating and directly translates into reduced operating costs as dry docking is an expensive process. The oil & gas industry employs marine coatings on subsea equipment that are subjected to hostile pressure and temperature conditions in deep-water and ultra-deep-water zones. Request Smaple of Marine Coating Market: sample/480https:// sample/480 Marine Coatings Market Taxonomy

© Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Marine Coatings Market Outlook  Asia Pacific is the largest market for marine coatings. This is driven by both the marine and oil & gas industry. Increasing demand for energy in emerging economies of India, China, Indonesia, Philippines and ASEAN has boosted exploration and production activities in this region. Moreover, demand for goods has been followed by increased shipping and shipbuilding activity in this region which in turn has driven the marine coatings market. In addition, the development of this region as a low cost manufacturing zone has also increased shipping.   North America and Europe are the largest markets for boats, yachts and cruise liners, though these account for a relatively small market share in the marine industry. The luxury cruise liner segment is the fastest growing in these regions.   Middle East and North Africa are crude oil rich zones. The oil tanker segment is a major player in this region. The oil produced in these regions is exported to Asian, European and North American markets. Request to view the table of Content:

© Coherent market Insights. All Rights Reserved Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. ABOUT US ABOUT COHERENT MARKET INSIGHTS SERVICES INDUSTRY ANALYSIS CUSTOMIZED RESEARCH SYNDICATED RESEARCH CONSULT STUDIES MARKET INTELLIGENCE SERVICES COUNTRY SPECIFIC STUDIES

© Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE BIOTECHNOLOG Y CLINICAL DIAGNOSTIC HEALTHCARE IT PHARMACEUTIC AL MEDICAL IMAGING MEDICAL DEVICES Chemicals & Materials Healthcare Bulk Chemicals Advanced Materials Speciality and Fine Chemicals Polymers & Resins Cosmetic Ingredients Food Ingredients

© Coherent market Insights. All Rights Reserved Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. RESEARCH SOLUTIONS GLOBAL REPORTS FEASIBILITY STUDIES TECHNOLOGY SNIPPETS EXCEL FORECAST DATABASE COMPETITIVE ASSESSMENT SURVEY RESEARCH CUSTOMIZED SOLUTIONS CONSULT PROJECTS COUNTRY ANALYSIS KEY STATS Insights Published Per Year Consulting Projects Till Date Clients Worldwide Per Year Analysts and Contract Consultants ABOUT COHERENT MARKET INSIGHTS

© Coherent market Insights. All Rights Reserved THANK YOU To know more about us, visit our website: For sales queries or new topics us on: For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights