LONDON--(BUSINESS WIRE)--#GlobalMarineCoatingsMarket--According to the latest report published by Technavio, the marine coatings market size is poised to grow by USD 3.64 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment facing direct and indirect COVID-19 impact.

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Market Competitive Analysis:

The market is fragmented due to the presence of marine coatings manufacturing companies. Akzo Nobel NV, BASF SE, and Chugoku Marine Paints Ltd. are some of the major market participants.

• Although the development in technology based on the regulations will offer immense growth opportunities, the fluctuating raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

• To help clients improve their market position, this marine coatings market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies.

• The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this marine coatings market analysis report also provides information on the upcoming trends and challenges that will influence market growth.

This will help companies create strategies to make the most of their future growth opportunities.

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This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Akzo Nobel NV
• BASF SE
• Chugoku Marine Paints Ltd.
• DuPont de Nemours Inc.
• Hempel AS
• Nippon Paint Holdings Co. Ltd.
• Orkla ASA
• PPG Industries Inc.
• The Carlyle Group Inc.
• The Sherwin-Williams Co.

Global Marine Coatings Market: COVID-19 Impact Analysis

Market Impact:

As the business impact of COVID-19 spreads, the global marine coatings market 2020-2024 is expected to have an at par growth.

Industry Impact:

The materials industry is expected to have a mixed impact due to the spread of the COVID-19 virus. The materials market will have a direct impact due to the spread. Even if the spread of the virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity.

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Key Highlights of the Report for 2020-2024:

• CAGR of the market during the forecast period 2019-2024
• Detailed information on factors that will drive marine coatings market growth during the next five years
• Precise estimation of the marine coatings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in market dynamics
• The growth of the marine coatings industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of marine coatings market vendors

Download a free sample of the report with COVID-19 crisis and recovery analysis.

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Coastal - Market size and forecast 2019-2024
• Deepsea - Market size and forecast 2019-2024
• Containers - Market size and forecast 2019-2024
• Offshore house - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• Anti-corrosive - Market size and forecast 2019-2024
• Anti-fouling - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Market Segmentation by Chemistry

• Market segments
• Comparison by Chemistry
• Epoxy - Market size and forecast 2019-2024
• Polyurethane - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Chemistry

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Akzo Nobel NV
• BASF SE
• Chugoku Marine Paints Ltd.
• DuPont de Nemours Inc.
• Hempel AS
• Nippon Paint Holdings Co. Ltd.
• Orkla ASA
• PPG Industries Inc.
• The Carlyle Group Inc.
• The Sherwin-Williams Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
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