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Sep 18, 2020 (Market Insight Reports) —
The market analysis on Middle East & Africa Marine Coatings Market provides a holistic view on the overall industry along with laying significant focus on crucial details pertaining to its foothold in the global economy and its applications across multiple end-user industries and sectors.
According to the given report, the MEA marine coatings industry size exceeded USD 12 billion in 2017 and is growing at a CAGR of over 7% from 2019 to 2024. Besides, the study also includes information on the current market scenario, developing technologies, widely spread competitive landscape, future growth prospects, tactics undertaken by market rivals, and vivid market segmentations.
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The research report also lays emphasis on the fundamental factors that are propelling the market growth over the foreseeable period, along with offering elaborative details of the trends that the industry is characterized by.
The overall MEA marine coatings market is divided on the basis of various product, application, regions, and competitive landscape spectrums.
Based on application, the marine coating market size include coastal, containers, deep sea, offshore vessels, leisure boats, and others. Leisure boats demand is said to rise due to increasing disposable income of the population, High maintenance cost of yachts, leisure boats, cruise ships, etc. will propel the marine coatings market demand by 2024.
The marine coatings market in MEA is diversified into regions and its analysis has also been addressed in the document. The report incorporates analysis on various factors supporting the growth of regional markets, along with the trending growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.
Leisure boats are one of the fastest growing applications for marine coatings. Leisure boats include yachts, super yachts and cruise liners. Marine coatings offer protection as well as glossy finish to these applications. Demand for VOC free, low biocides and environment friendly marine coatings are gaining popularity among the customers, hence new trends are being employed by marine coatings manufacturers to achieve such specifications to comply with government norms. Thus, the increasing need for low emission coatings from the consumers is driving the market size by 2024.
The overall industry is highly consolidated and claims presence of companies like Akzo Nobel, Kansai Paint, DuPont, BASF SE, Sherwin-Williams, Hempel, Chugoku Marine Paints Ltd., Jotun, Nippon Paint, KCC Corporation, PPG Industries and MCU Coatings International whose individual market shares and company profiles have been enlisted in the report. Moreover, the analysis also includes the firms’ strategies and their stance in the global landscape.
[TOC Chapters]
Chapter 4.MEA Marine Coatings Market Size, by Product, 2013 – 2024
- Equipment
- Anti-fouling coatings
- Anti-corrosion coatings
- Foul release coatings
- Others
Chapter 5.MEA Marine Coatings Market Size, by Application, 2013 – 2024
- Coastal
- Containers
- Deep sea
- Leisure boats
- Offshore vessels
- Others
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1106/middle-east-and-africa-marine-coatings-market
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