North America Marine Coatings Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the North America Marine Coatings Market

North America Marine Coatings Market is developing as manufacturers of marine coatings are seeking for ways to reduce speed loss while also lowering fuel consumption and increasing operating efficiency. PPG has introduced a new coating for ballast tanks and various cargo vessel applications that provides durable, long-term protection of the asset. Manufacturers are also using Hydractive technology, it effectively slows down the water uptake of the antifouling. This results in stable and high-quality performance in the long term.

Mergers And Acquisition:

• On 02 May 2019, 3M Co. acquired Acelity Inc.
• On 28 Sept 2020, Black Diamond and Investindustrial announced the agreement to the acquisition of Hexion Inc’s Phenolic Specialty Resins, Hexamine and European-based Forest Products Resins businesses.

North America Marine Coatings Market Synopsis

With the growing demand for efficient fuel consumption worldwide, the demand for marine coatings is surging rapidly. Further, increasing consumer preference for marine transportation, as well as raising awareness regarding hull protection would lead to a surge in the demand for North America marine coatings over the coming years.

According to 6Wresearch, North America Marine Coatings Market size is anticipated to register growth during 2019-2025. On the basis of application, cargo ships and boat segments collectively contributed to a major share of market demand on the back of increasing marine trade in the country coupled with relaxation in the government policies to set up marine bases in the region.

 In the overall North America marine coatings market share, the United States has captured major pie in 2018 and is expected to lead throughout the forecast period. Anti-corrosion marine coatings are expected to witness high revenue growth over the next six years owing to the growing need to prevent rusting of the hull surface of ships due to saline water.

The North America marine coatings market report thoroughly covers the market by the chemical base, products, applications, and key countries. The North America marine coatings market outlook report provides an unbiased and detailed analysis of the ongoing North America marine coatings market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. 

The North America marine coatings market is expected to register significant growth in the coming years on the back of an increase in the trade activities across the region coupled with a riser in the shipbuilding, maintenance, and repair industry. The presence of favorable economic conditions of the developed economies such as Canada and the US in the North America region is anticipated to spur the seaborne trade in these countries and would proliferate the growth of the North America marine coatings market in the years to come. Further, the cost-effective options by many top marine coatings material makers are instigating the marine repair industry to opt for quality aided marine coatings material options and is expected to benefit the North America marine coatings market witness a positive outlook in the coming years. 

Key Highlights of the Report:

• North America Marine Coatings Market Overview
• North America Marine Coatings Market Outlook
• North America Marine Coatings Market Forecast
• Historical Data of North America Marine Coatings Market Revenues & Volume for the Period 2015-2018
• North America Marine Coatings Market Size and North America Marine Coatings Market Forecast of Revenues & Volume, Until 2025
• Historical Data of North America Marine Coatings Market Revenues & Volume, by Chemical Base, for the Period 2015-2018
• Market Size & Forecast of North America Marine Coatings Market Revenues & Volume, by Chemical Base, Until 2025
• Historical Data of North America Marine Coatings Market Revenues and Volume, By Product, for the Period 2015-2018
• Market Size & Forecast of North America Marine Coatings Market Revenues and Volume, By Product, Until 2025
• Historical Data of North America Marine Coatings Market Revenues and Volume, By Application, for the Period 2015-2018
• Market Size & Forecast of North America Marine Coatings Market Revenues and Volume, By Application, Until 2025
• Historical Data of United States Marine Coatings Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of United States Marine Coatings Market Revenues and Volume, Until 2025
• Historical Data of Canada Marine Coatings Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Canada Marine Coatings Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• North America Marine Coatings Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Marine Coatings Market Share, By Players
• North America Marine Coatings Market Share, By Regions
• North America Marine Coatings Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The North America Marine Coatings Market report provides a detailed analysis of the following market segments:

By Chemical Base:

• Epoxy-based coatings
• Acrylic-based Coatings
• Alkyds Based Coatings
• Polyurethane based coatings
• Others

By-Products:

• Anti-Fouling Coatings
• Anti-Corrosion Coatings
• Foul Release Coatings
• Others

By Applications: 

• Cargo Ships
• Passenger Ships
• Boats
• Others

By Countries: 

• United States
• Canada
• Rest of North America