Marine Coatings Market by by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Mar 2024 Pages: 180 SKU: IRTNTR45429

Marine Coatings Market Forecast 2023-2027

The global marine coatings market size is estimated to grow by USD 4.47 billion at a CAGR of 6.5% between 2022 and 2027. The growth of the marine pump market is influenced by several key factors. The growth of the shipbuilding industry, driven by increasing demand for new vessels and offshore structures, is driving market growth. Additionally, an increase in marine trading and logistics activities, fueled by globalization and growth in international trade, is contributing to market expansion. Moreover, an increase in naval expenditures, driven by defense modernization efforts and geopolitical tensions, is also fueling market growth.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

The market report extensively covers market segmentation by application (coastal, deepsea, containers, offshore house, and others), type (epoxy, polyurethane, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The coastal segment will account for a major share of the market's growth during the forecast period. Coastal environments require high-performance materials, as metal protection is paramount in corrosive marine environments. Marine paints use a variety of additives to protect equipment from the marine environment, and the paints are often applied in relatively thick films. Fumed silica is applied as an effective anti-sag agent between coating layers to form thick films. 

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The coastal segment was valued at USD 3.62 billion in 2017. Growth in this segment is influenced by government support for the expansion of coastal shipping infrastructure. For example, in January 2020, the Indian government announced the extension of its two-year tariff discount scheme for domestic vehicle carriers. The new discount system is intended to encourage domestic shipping. The government is trying to encourage car, and motor vehicle travel along the coast to provide a more fuel-efficient, cheaper, and environmentally friendly mode of transportation than roads and rail. 

By Region

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APAC is estimated to contribute 78%to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The shipbuilding industry is a major end user of the APAC market. The major shipbuilding industry players of China, South Korea, and Japan hold the largest market shares in APAC. In the shipbuilding market, APAC is the largest shipbuilder, with South Korea leading the APAC market.

Building, expanding, and improving logistics infrastructure in APAC is expected to propel the shipping industry forward. Such initiatives have the potential to boost expansion, boost trade, and increase demand for transportation and logistics services. Increased manufacturing and trading activities are expected to boost the demand for maritime trade for exchanging goods and services, boosting the maritime industry in the region. 

Market Dynamics and Customer Landscape

The market is witnessing a boost due to industrialization and lifestyle changes driving shipping activities. Companies like Hempel A/S and Nippon Paint are leading the market with innovations such as high solids and self-cleaning coatings, catering to ship manufacturers and vessels. These layers not only protect ships from harsh marine environments but also reduce fuel consumption through their self-cleaning properties. New entrants like Midwest Outdoor Marketing are also contributing to the market with innovative solutions. With the increasing demand for crude oil and the growth of shipping activities, the market is expected to expand further. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growth of the shipbuilding industry drives the growth of the market. The major consumer of the market is the shipbuilding industry. Shipbuilding growth was very low until 2010. Since 2010, it has shown rapid growth, mainly due to its increasing FDI flows worldwide, maritime trade, and expansion of multinational business. Developed countries such as the United States are also developing their shipping industries. As the shipping industry expands, new ships are added to the shipping network, driving the demand for ship manufacturers and ship vessels. This growth in shipping activities also highlights the importance of technologies like self-cleaning coatings, which can help maintain the efficiency and longevity of ships in the fleet. Therefore, increasing shipbuilding and the repair and maintenance of older ships are the major growth drivers for the market during the forecast period. 

Expansion of the shipping industry will also add new ships to the shipping network. Thus, new ship manufacturing and an increase in the repair and maintenance of old ships are the major growth drivers for the market during the forecast period. The demand for offshore vessels is decreasing due to fluctuations in oil prices. However, the demand for vessels that operate in harsh weather conditions is increasing, which is boosting the growth rate of the market. Shipbuilding moved to Asia, especially South Korea, China, and Japan.

Significant Market Trend

An inclination towards green marine coatings is the primary trend in the market. Recently, many environmental regulations have been tightened, and shipping companies are interested in improving navigation efficiency. Ship coatings must maintain their quality and efficiency and have an eco-friendly effect to survive in the market. Many of them contain chemicals that are harmful to aquatic life. Anti-corrosion layers containing benzene and zinc introduce chemicals into the marine environment. To protect the marine environment, government agencies are imposing strict regulations against the usage of harmful chemicals. 

Increasing demand for waterborne coatings that offer high performance, ease of use, and low VOC performance is a key market trend. The increasing popularity of this product is due to its advantages, such as good aesthetics, high workability, and increased productivity. The rise in popularity and demand for these waterborne and solventless presents significant opportunities for the market during the forecast period. 

Major Market Challenge

The variations in the prices of raw materials of marine coatings are a major challenge to the market. Fluctuations in raw material prices for the production of these pose a major challenge for manufacturers. Benzene, toluene, ethylene, and naphthalene are the main raw materials used in the production of anti-corrosion coatings. These commodities are derived from petroleum, and the prices of these commodities are dependent on the prices of natural gas and oil. Unstable supply and demand and the unpredictable political situation in the Middle East keep oil prices highly volatile in foreign markets. These instabilities increase the price of these petrochemical derivatives. 

Therefore, the market will be adversely affected by oil price fluctuations. Fluctuations in the prices of these petrochemicals in various markets are also having a negative impact on the market. The manufacture of antifouling coatings involves many commercially available chemicals.  Fluctuations in the price of copper will also directly affect the price of antifouling layers, which is one of the critical raw materials of the industry. These factors will impact the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market strategies.

Global Market Customer Landscape

Who are the Major Marine Coatings Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Akzo Nobel NV - The company primarily focuses on Marine, Protective and Yacht Coatings, Industrial Coatings, Powder Coatings, Decorative Paints, etc. The key offerings of the company include marine coatings such as Sea Hawk coatings.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Axalta Coating Systems Ltd.
  • Baril Coatings BV
  • BASF SE
  • Berger Paints 
  • Boero Bartolomeo S.p.A.
  • Chugoku Marine Paints Ltd.
  • Endura Manufacturing Co. Ltd.
  • Hempel AS
  • Jotun AS
  • Kansai Paint Co. Ltd.
  • KCC Co. Ltd.
  • MCU Coatings International
  • Nippon Paint Holdings Co. Ltd.
  • PPG Industries Inc.
  • Protexion LLP

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Coastal
    • Deepsea
    • Containers
    • Offshore house
    • Others
  • Type Outlook
    • Epoxy
    • Polyurethane
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Chile

Market Analyst Overview

The market is influenced by various factors such as shipbuilding activities, ship repair and maintenance activities, and the fluctuating price of raw materials. Anti-fouling coatings are essential for cargo ships, container ships, and passenger ships to prevent marine growth and maintain fuel efficiency. Energy-saving coatings and low-emission coatings are increasingly important due to environmental concerns and economic conditions. Favorable trade policies and recovering economic conditions are driving market growth, while challenges include drydocking and safety concerns. Companies like Hempaguard X7 and New Nautical Coatings are innovating with products like Foul release coatings and Polyuria and flooring coatings to meet market demands.

The market faces restraints and challenges such as crude oil production fluctuations and the need for fuel-saving and low-emission coatings due to environmental concerns. However, with the growth of new shipbuilding projects and the increasing demand for energy-saving coatings, the market is expected to expand. Anti-fouling coatings like Hempaguard X7 hull marine coating are crucial for maintaining the efficiency of shipping vessels, tow and tugboats, and ferries. Companies like Versaflex are innovating with products for seawater ballast tanks and the yacht coating business, catering to the needs of the urban population and consumers seeking sustainable and effective solutions. The market faces restraints & challenges despite innovations in energy-saving coatings and fuel-saving and low emission coatings.

Market Scope

Report Coverage

Details

Page number

180

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.5%

Market growth 2023-2027

USD 4.47 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.89

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 78%

Key countries

US, China, South Korea, Japan, and Belgium

Competitive landscape

Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Akzo Nobel NV, Axalta Coating Systems Ltd., Baril Coatings BV, BASF SE, Berger Paints , Boero Bartolomeo S.p.A., Chugoku Marine Paints Ltd., Endura Manufacturing Co. Ltd., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., MCU Coatings International, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Protexion LLP, RPM International Inc., Seal for Life Group, The Sherwin Williams Co., and Wacker Chemie AG

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
    Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
    Precise estimation of the size of the market size and its contribution to the parent market
    Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
    Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
    Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
    Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global marine coatings market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global marine coatings market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Coastal - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Coastal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Coastal - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Coastal - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Coastal - Year-over-year growth 2022-2027 (%)
    • 6.4 Deepsea - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Deepsea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Deepsea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Deepsea - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Deepsea - Year-over-year growth 2022-2027 (%)
    • 6.5 Containers - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Containers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Containers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Containers - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Containers - Year-over-year growth 2022-2027 (%)
    • 6.6 Offshore house - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Offshore house - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Offshore house - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Offshore house - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Offshore house - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Epoxy - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Epoxy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Epoxy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Epoxy - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Epoxy - Year-over-year growth 2022-2027 (%)
    • 7.4 Polyurethane - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Polyurethane - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Polyurethane - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Polyurethane - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Polyurethane - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 South Korea - Market size and forecast 2022-2027
      • Exhibit 103: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 111: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 Belgium - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Belgium - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Belgium - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Belgium - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Belgium - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Akzo Nobel NV
              • Exhibit 127: Akzo Nobel NV - Overview
              • Exhibit 128: Akzo Nobel NV - Business segments
              • Exhibit 129: Akzo Nobel NV - Key news
              • Exhibit 130: Akzo Nobel NV - Key offerings
              • Exhibit 131: Akzo Nobel NV - Segment focus
            • 12.4 Axalta Coating Systems Ltd.
              • Exhibit 132: Axalta Coating Systems Ltd. - Overview
              • Exhibit 133: Axalta Coating Systems Ltd. - Business segments
              • Exhibit 134: Axalta Coating Systems Ltd. - Key offerings
              • Exhibit 135: Axalta Coating Systems Ltd. - Segment focus
            • 12.5 Baril Coatings BV
              • Exhibit 136: Baril Coatings BV - Overview
              • Exhibit 137: Baril Coatings BV - Product / Service
              • Exhibit 138: Baril Coatings BV - Key offerings
            • 12.6 BASF SE
              • Exhibit 139: BASF SE - Overview
              • Exhibit 140: BASF SE - Business segments
              • Exhibit 141: BASF SE - Key news
              • Exhibit 142: BASF SE - Key offerings
              • Exhibit 143: BASF SE - Segment focus
            • 12.7 Chugoku Marine Paints Ltd.
              • Exhibit 144: Chugoku Marine Paints Ltd. - Overview
              • Exhibit 145: Chugoku Marine Paints Ltd. - Business segments
              • Exhibit 146: Chugoku Marine Paints Ltd. - Key news
              • Exhibit 147: Chugoku Marine Paints Ltd. - Key offerings
              • Exhibit 148: Chugoku Marine Paints Ltd. - Segment focus
            • 12.8 Endura Manufacturing Co. Ltd.
              • Exhibit 149: Endura Manufacturing Co. Ltd. - Overview
              • Exhibit 150: Endura Manufacturing Co. Ltd. - Product / Service
              • Exhibit 151: Endura Manufacturing Co. Ltd. - Key offerings
            • 12.9 Hempel AS
              • Exhibit 152: Hempel AS - Overview
              • Exhibit 153: Hempel AS - Product / Service
              • Exhibit 154: Hempel AS - Key offerings
            • 12.10 Jotun AS
              • Exhibit 155: Jotun AS - Overview
              • Exhibit 156: Jotun AS - Business segments
              • Exhibit 157: Jotun AS - Key offerings
              • Exhibit 158: Jotun AS - Segment focus
            • 12.11 Kansai Paint Co. Ltd.
              • Exhibit 159: Kansai Paint Co. Ltd. - Overview
              • Exhibit 160: Kansai Paint Co. Ltd. - Business segments
              • Exhibit 161: Kansai Paint Co. Ltd. - Key offerings
              • Exhibit 162: Kansai Paint Co. Ltd. - Segment focus
            • 12.12 KCC Co. Ltd.
              • Exhibit 163: KCC Co. Ltd. - Overview
              • Exhibit 164: KCC Co. Ltd. - Product / Service
              • Exhibit 165: KCC Co. Ltd. - Key offerings
            • 12.13 MCU Coatings International
              • Exhibit 166: MCU Coatings International - Overview
              • Exhibit 167: MCU Coatings International - Product / Service
              • Exhibit 168: MCU Coatings International - Key offerings
            • 12.14 Nippon Paint Holdings Co. Ltd.
              • Exhibit 169: Nippon Paint Holdings Co. Ltd. - Overview
              • Exhibit 170: Nippon Paint Holdings Co. Ltd. - Business segments
              • Exhibit 171: Nippon Paint Holdings Co. Ltd. - Key offerings
              • Exhibit 172: Nippon Paint Holdings Co. Ltd. - Segment focus
            • 12.15 PPG Industries Inc.
              • Exhibit 173: PPG Industries Inc. - Overview
              • Exhibit 174: PPG Industries Inc. - Business segments
              • Exhibit 175: PPG Industries Inc. - Key offerings
              • Exhibit 176: PPG Industries Inc. - Segment focus
            • 12.16 Seal for Life Group
              • Exhibit 177: Seal for Life Group - Overview
              • Exhibit 178: Seal for Life Group - Product / Service
              • Exhibit 179: Seal for Life Group - Key offerings
            • 12.17 The Sherwin Williams Co.
              • Exhibit 180: The Sherwin Williams Co. - Overview
              • Exhibit 181: The Sherwin Williams Co. - Business segments
              • Exhibit 182: The Sherwin Williams Co. - Key news
              • Exhibit 183: The Sherwin Williams Co. - Key offerings
              • Exhibit 184: The Sherwin Williams Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              marine coatings market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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