Lucintel Forecasts the Global Marine Coating Market to Reach $4.8 billion by 2030
Lucintel Forecasts the Global Marine Coating Market to Reach $4.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global marine coating market looks promising with opportunities in the cargo ship, passenger, and ships boat markets. The global marine coating market is expected to reach an estimated $4.8 billion by 2030 from $3.5 billion in 2023,at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rise in infrastructure and construction projects in emerging economies, rising demand for high-performance coating, and increasing number of innovations and investment in the industry.
A more than 150-page report to understand trends, opportunity and forecast in marine coating market to 2030 by resin (epoxy, alkyd, polyurethane, and others), product type (anti-corrosion coatings and others), application (cargo ships, passenger ships, boats, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period due to the several qualities, such as excellent adhesive properties, high durability, and resistance to chemicals and water.
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APAC is expected to witness highest growth over the forecast period due to the increasing the region's construction activity, especially on commercial and industrial buildings, as well as, significant public and private investments made in these countries to establish commercial space and infrastructure.
PPG Industries, AkzoNobel, Hempel, Sherwin-Williams, Jotun, Chugoku Marine Paints, Nippon Paint are the major suppliers in the marine coating market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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