Offshore oil & gas paint and coatings market expected to reach $620 million by 2023, growing at a cagr of 73% from 2017 to 2023. The report analyzes important issues facing both high performance anticorrosion coatings the market is expected to grow by 37 marine coatings market. The global composite coatings market is expected to grow at a substantial rate owing to increasing demand for oil & gas, transportation, and marine industry. Among resins, the polyurethane segment of the marine coatings market is projected to grow at the highest cagr during the forecast period, in terms of value. Global marine coatings market report while the market is projected to observe sluggish growth in the north america market, the market is expected to grow at a. The global paints & coatings market size was estimated at 4340 million tons in 2016 and is expected to grow significantly over the forecast period owing to its growing utilization in various end-use industries such as automotive, marine, construction and industrial to be the major ones.
Marine coatings market report categorizes the of growth rate by clocking a cagr of 645% and grow its share to marine coatings market, by marine segment. Marine coatings market - global industry analysis, size, share, growth, trends, and forecast 2017 - 2025. Shelbyville, de - according to new research by global market insights inc, the market for marine coatings for leisure boats is likely to surpass $19 billion by 2024. Geographically, this report is subdivuded into several key regions,with data concerned to the production and consumption patterns, revenue (million usd), market share and growth rate of asia-pacific leisure boat marine coatings market in these regions, for 10 years from 2012 to 2022 (forecast), covering ,, and its share (%) and cagr for the. According to a recently published report, the global marine coating market is expected to grow at the cagr of 625% during 2016-2022 the global marine coating market is segmented on the basis of type, application, chemical and geography.
Marine coatings market worth 1082 billion usd the polyurethane segment of the marine coatings market is projected to grow at the highest cagr during the. The report paints & coatings market by resin (acrylic, alkyd, epoxy, polyurethane, polyester), technology (water-based, solvent-based, high solids, powder), application (architectural & industrial), and region - global forecasts to 2022, the paints & coatings market is projected to grow from usd.
Leisure boat marine coatings market size by foul release product segment of the leisure boat marine coatings market will grow by a cagr of more than 75% in the. Marine coatings market: growth of global marine coatings market the shipping trade is also growing market for marine coatings in the europe region. Marine coatings market to be driven by flourishing shipbuilding industry in asia pacific, worldwide industry to be worth us$118 billion by 2020: transparency market research.
Marine coatings will grow at the quickest rate, bolstered by increased commercial shipping activity and new antifouling technology as the largest market in this category, industrial maintenance coatings will advance at a healthy pace based on increased economic growth stimulating nonresidential building improvements. Marine coatings market will reach usd the anti-corrosion coatings accounted in excess of usd 3 billion of the total marine coatings market and is likely to grow.
The segments automotive refinish, architectural coatings and marine coatings will benefit from the further development in the market.
Press release - global market insights, inc - marine coatings market to grow at 7% cagr from 2016 to 2024 - published on openprcom. The global marine coatings market is expected to to be around 258 million and projected to grow to 272 share of marine coatings in the. The marine coatings market is projected to grow from usd 829 billion in 2017 to usd 1082 billion by 2022, at a cagr of 545% during the forecast period from 2017 to 2022. Worldwide marine coatings market size will surpass usd 15 billion by and it will grow at a healthy rate in the next eight marine coatings industry background.