Market Research Reports

Marine Coatings (Anti-Fouling Coatings, Anti-Corrosion Coatings, Foul Release Coatings and Other Marine Coatings) Market for Coastal, Containers, Deep Sea, Leisure Boats, Offshore Vessels and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

95pages
Published Date: 2014-10-22
 

Description



The report provides analysis and forecast for the marine coatings market on a global and regional level. The study provides the historical data of 2013 along with forecast from 2014 to 2020 based on volume (Kilo Tons) and revenue (USD Million). It includes drivers and restraints for the marine coatings market along with their impact on demand during the forecast period. Additionally, the report comprises an analysis of opportunities available in the marine coatings market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data, which has been verified by primary and secondary resources.

We have included a detailed value chain analysis in order to provide a comprehensive view of the marine coatings market. Value chain analysis provides details such as integration in the market, distribution channels, applications and end-users for the market. An analysis of Porter’s Five Forces model for the marine coatings market has also been included to help understand the competitive landscape of the market. The study encompasses a market attractiveness analysis, wherein product segments in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share.

The study provides a decisive view of the marine coatings market by segmenting it in terms of product segments and applications. Product segments and applications have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also includes demand for individual product segment and applications across all the regions.

The report provides a detailed competitive outlook including company profiles of key participants operating in the global marine coatings market. Key players profiled in the report include Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, Chugoku Marine Paints Ltd., RPM International Inc., KCC Corporation, Kansai Paint Co. Ltd., Sherwin-Williams Company and Nippon Paint. Company profiles include attributes such as company overview, product portfolio, financial overview, business strategy, and recent developments related to the market. 

Inflation is not a part of pricing in this report. Prices of marine coatings and its product segment vary in each region; hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by application segment in each region. Models and estimates have been used to produce comprehensive data sets when hard data was not available. We have used the bottom-up approach by considering individual application segments and integrating them to arrive at the global market. Applications have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:

Marine Coatings Market - Product Segment Analysis
  • Anti-fouling coatings
  • Anti-corrosion coatings
  • Foul release coatings
  • Others (Including self-cleaning coatings, etc.)
Marine Coatings Market - Application Analysis
  • Coastal
  • Containers
  • Deep sea
  • Leisure boats
  • Offshore vessels
  • Others (Including icebreakers, etc.)
Marine Coatings Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Table of Contents



Chapter 1 Preface
1.1 Research description
1.2 Market segmentation
      1.2.1 Global marine coatings market segmentation by product segment, application and region
1.3 Research scope
      1.3.1 Assumptions
1.4 Research methodology
      1.4.1 Abbreviations and definitions

Chapter 2 Executive Summary
2.1 Global marine coatings market, 2013 – 2020 (Kilo Tons) (USD Million)

Chapter 3 Marine Coatings- Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Emergence of China as a major player in shipbuilding industry
              3.3.1.1 Global shipbuilding order completion, 2011-2020 (Million GT)
      3.3.2 Growing demand from ship repair and maintenance activities
              3.3.2.1 Global marine coatings volume, new shipbuilding and repair and maintenance, 2012 – 2020 (%share)
              3.3.2.2 Global ship repair and maintenance, number of ships 2011 – 2020 (Units)
      3.3.3 Need for fuel saving and low emission coatings
3.4 Market restraints
      3.4.1 Volatile raw material prices
              3.4.1.1 Global copper price trend analysis, January 2009 – July 2014 (USD/Ton)
              3.4.1.2 Global crude oil price trend analysis, July 2008 – July 2013 (USD/barrel)
      3.4.2 Environmental regulations related to marine coatings
3.5 Market opportunities
      3.5.1 Growing shipbuilding activities in India, Vietnam and Philippines
              3.5.1.1 India shipbuilding and repair industry, revenues, 2012-2020 (USD Billion)
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Marine coatings: Market attractiveness analysis
      3.7.1 Global marine coatings: Market attractiveness analysis
3.8 Marine coatings: Company market share analysis
      3.8.1 Global marine coatings: Company market share analysis, 2013

Chapter 4 Marine Coatings Market – Product Segment Analysis
4.1 Global marine coatings market: Product segment overview
      4.1.1 Global marine coatings market volume share, by product segment, 2013 & 2020
4.2 Anti-fouling coatings
      4.2.1 Global market estimates and forecast for anti-fouling coatings, 2013 - 2020 (Kilo Tons) (USD Million)
4.3 Anti-corrosion coatings
      4.3.1 Global market estimates and forecast for anti-corrosion coatings, 2013 - 2020 (Kilo Tons) (USD Million)
4.4 Foul release coatings
      4.4.1 Global market estimates and forecast for foul release coatings, 2013 - 2020 (Kilo Tons) (USD Million)
4.5 Others (Including self-cleaning and self-polishing coatings)
      4.5.1 Global market estimates and forecast for other marine coatings, 2013 - 2020 (Kilo Tons) (USD Million)

Chapter 5 Marine Coatings Market – Application Analysis
5.1 Global marine coatings market: Application overview
      5.1.1 Global marine coatings market volume share, by application, 2013 & 2020
5.2 Coastal
      5.2.1 Global marine coatings demand for coastal, 2013 - 2020 (Kilo Tons) (USD Million)
5.3 Containers
      5.3.1 Global marine coatings demand for containers, 2013 - 2020 (Kilo Tons) (USD Million)
5.4 Deep sea
      5.4.1 Global marine coatings demand for deep sea, 2013 - 2020 (Kilo Tons) (USD Million)
5.5 Leisure boats
      5.5.1 Global marine coatings demand for leisure boats, 2013 - 2020 (Kilo Tons) (USD Million)
5.6 Offshore vessels
      5.6.1 Global marine coatings demand for offshore vessels, 2013 - 2020 (Kilo Tons) (USD Million)
5.7 Others (Including icebreakers)
      5.7.1 Global marine coatings demand for other applications, 2013 - 2020 (Kilo Tons) (USD Million)

Chapter 6 Marine Coatings Market - Regional Analysis
6.1 Global marine coatings market: Regional overview
      6.1.1 Global marine coatings market share, by region, 2013 & 2020
6.2 North America
      6.2.1 North America marine coatings market volumes, by product segment, 2013 - 2020 (Kilo Tons)
      6.2.2 North America marine coatings market revenues, by product segment, 2013 - 2020 (USD Million)
      6.2.3 North America marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
      6.2.4 North America marine coatings market revenues, by application, 2013 - 2020 (USD Million)
6.3 Europe
      6.3.1 Europe marine coatings market volumes, by product segment, 2013 - 2020 (Kilo Tons)
      6.3.2 Europe marine coatings market revenues, by product segment, 2013 - 2020 (USD Million)
      6.3.3 Europe marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
      6.3.4 Europe marine coatings market revenues, by application, 2013 - 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific marine coatings volumes, by product segment, 2013 - 2020 (Kilo Tons)
      6.4.2 Asia Pacific marine coatings revenues, by product segment, 2013 - 2020 (USD Million)
      6.4.3 Asia Pacific marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
      6.4.4 Asia Pacific marine coatings market revenues, by application, 2013 - 2020 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 RoW marine coatings market revenues, by application, 2013 - 2020 (USD Million)
      6.5.2 RoW marine coatings market revenues, by application, 2013 - 2020 (USD Million)
      6.5.3 RoW marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
      6.5.4 RoW marine coatings market revenues, by application, 2013 - 2020 (USD Million)

Chapter 7 Company Profile
7.1 AkzoNobel N.V.
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 Recent developments
7.2 Chugoku Marine Paints Ltd.
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Financial overview
      7.2.4 Business strategy
      7.2.5 Recent developments
7.3 Hempel A/S
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Financial overview
      7.3.4 Business strategy
      7.3.5 Recent developments
7.4 Jotun A/S
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 Recent developments
7.5 Kansai Paint Co. Ltd.
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Financial overview
      7.5.4 Business strategy
7.6 KCC Corporation
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 Recent developments
7.7 Nippon Paint
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 Recent developments
7.8 PPG Industries Inc.
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 Recent developments
7.9 RPM International Inc.
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Financial overview
      7.9.4 Business strategy
      7.9.5 Recent developments
7.10 The Sherwin-Williams Company
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Financial overview
      7.10.4 Business strategy
      7.10.5 Recent developments

List of Figures 

FIG. 1 Global marine coatings market segmentation by product segment, application and region
FIG. 2 Global marine coatings market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 3 Marine Coatings: Value chain analysis
FIG. 4 Global shipbuilding order completion, 2011- 2020 (Million GT)
FIG. 5 Global marine coatings volume, new shipbuilding and repair and maintenance, 2012 – 2020 (% share)
FIG. 6 Global ship repair and maintenance, number of ships 2011 – 2020 (Units)
FIG. 7 World trading ships, fuel consumption and CO2 emissions, 2007 & 2020 (Million Tons)
FIG. 8 Global copper price trend analysis, January 2009 – July 2014 (USD/Ton)
FIG. 9 Global crude oil price trend, July 2008 – July 2013 (USD/barrel)
FIG. 10 India shipbuilding and repair industry, revenues, 2012-2020 (USD Billion)
FIG. 11 Porter’s five forces analysis
FIG. 12 Marine coatings: Market attractiveness analysis
FIG. 13 Global marine coatings: Company market share analysis, 2013
FIG. 14 Global marine coatings market share, by product segment, 2013 & 2020
FIG. 15 Global market estimates and forecast for anti-fouling coatings, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 16 Global market estimates and forecast for anti-corrosion coatings, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 17 Global market estimates and forecast for foul release coatings, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 18 Global market estimates and forecast for other marine coatings, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 19 Global marine coatings market share, by application, 2013 & 2020
FIG. 20 Global marine coatings demand for coastal, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 21 Global marine coatings demand for containers, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 22 Global marine coatings demand for deep sea, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 23 Global marine coatings demand for leisure boats, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 24 Global marine coatings demand for offshore vessels, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 25 Global marine coatings demand for other applications, 2013 - 2020 (Kilo Tons) (USD Million)
FIG. 26 Global marine coatings market share by region, 2013 & 2020

List of Tables

TABLE 1 Global marine coatings market snapshot
TABLE 2 Drivers for the marine coatings market: Impact analysis
TABLE 3 Restraints for marine coatings market: Impact analysis
TABLE 4 Environmental regulations by organization
TABLE 1 North America marine coatings market volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 2 North America marine coatings market revenues, by product segment, 2013 - 2020 (USD Million)
TABLE 3 North America marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
TABLE 4 North America marine coatings market revenues, by application, 2013 - 2020 (USD Million)
TABLE 5 Europe marine coatings market volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 6 Europe marine coatings market revenues, by product segment, 2013 - 2020 (USD Million)
TABLE 7 Europe marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
TABLE 8 Europe marine coatings market revenues, by application, 2013 - 2020 (USD Million)
TABLE 9 Asia Pacific marine coatings volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 10 Asia Pacific marine coatings revenues, by product segment, 2013 - 2020 (USD Million)
TABLE 11 Asia Pacific marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
TABLE 12 Asia Pacific marine coatings market revenues, by application, 2013 - 2020 (USD Million)
TABLE 13 RoW marine coatings market volumes, by product segment, 2013 - 2020 (Kilo Tons)
TABLE 14 RoW marine coatings market revenues, by product segment, 2013 - 2020 (USD Million)
TABLE 15 RoW marine coatings market volumes, by application, 2013 - 2020 (Kilo Tons)
TABLE 16 RoW marine coatings market revenues, by application, 2013 - 2020 (USD Million)

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Free Market Analysis


The new shipbuilding industry has been experiencing sluggish growth of late. However, rising demand for marine coatings during ship repair and maintenance activities is likely to boost market growth during the forecast period. Marine coatings protect ships from harsh weather conditions and enhance their aesthetics. The marine industry comprises bulk tankers and carriers, cargo ships, cruise ships and container ships. Marine coatings are also considered vital in enhancing the fuel efficiency of a vessel and decreasing the impact on the environment. 

Based on the types of products, the marine coatings market has been classified into anti-fouling, anti-corrosion, foul release coatings and self-cleaning coatings, among others. Anti-fouling coatings have been dominating the global marine coatings market over the last few years. These coatings are primarily consumed during ship repair and maintenance activities. Anti-fouling coatings offer protection to the surface from fouling organisms. Increase in ship repair and maintenance activities in various regions across the globe is projected to boost the demand for anti-fouling coatings during the forecast period. In terms of volume, the anti-corrosion coatings segment was ranked second in the maritime industry in 2013. Anti-corrosion coatings are majorly applied during new shipbuilding activities. These coatings offer protection to the surface from abrasion, corrosion and impact. Foul release coating is one of the popular marine coatings in the maritime industry. Foul release coatings are biocide-free and environmentally compatible. Demand for other marine coatings such as self-cleaning and self-polishing coatings is likely to be stable during the forecast period.

High demand for marine coatings in Asia Pacific, especially due to the emergence of China as a major player in the shipbuilding industry, is driving the marine coatings market in the region. Need for fuel-saving and low emission coatings are factors driving the growth of the marine coatings market over the past few years. Growth in the shipbuilding industry in India, Vietnam and the Philippines is expected to provide large opportunities for players in the marine coatings market during the forecast period. However, volatility in prices of raw materials is projected to hamper market growth during the forecast period.

Coastal applications accounted for the largest demand for marine coatings in 2013. Marine coatings protect ships and vessels from corrosion and fouling organisms. Coastal applications require higher protection during the shipbuilding and repair and maintenance stages. Deep sea applications have been experiencing the second-highest demand for marine coatings over the past few years and accounted for over 24% of the market share in 2013. Containers and offshore vessels were among the major applications of marine coatings in 2013. Demand for marine coatings in containers and offshore vessels is rising due to increasing marine trading and logistics activities. Leisure boats is anticipated to be among the fastest growing segments for marine coatings during the forecast period. Other applications for marine coatings comprise icebreakers, cargo holds and riverboats. 

Asia Pacific accounted for the highest demand of over 64% of the global marine coatings market in 2013. Demand for marine coatings in the region is high due to the vast shipbuilding industry in countries such as China, South Korea and Japan. In terms of demand, Asia Pacific was followed by Europe in 2013. Demand for marine coatings in Europe is growing due to increasing demand during ship repair and maintenance activities. North America is expected to experience sluggish demand for marine coatings during the forecast period. Rest of the World is likely to exhibit potential growth for marine coatings in the next few years. Growth in the maritime industry in Brazil, Saudi Arabia and South Africa has been a key factor for increasing demand for marine coatings in the region.

Companies such as Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, Chugoku Marine Paints Ltd. and Sherwin-Williams Company are the major manufacturers in the marine coatings market.
 

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