Search Market Research reports

Global Hull Coatings Market — Segmented By Application, and Geography - Trends and Forecasts (2015-2020)

The Global Hull Coatings Market has been estimated at USD 2.38 billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of 12.42% during the forecast period. Hull Coatings also known as “Antifouling Coatings” are used primarily in applied to the part of the ships or yachts which is beneath water to reduce growth of the organisms and microbes present in the water bodies. The coatings provides enhancement and durability along with providing benefits such as self-cleaning and graffiti resistance. Hull Coatings, owing to their excellent adhesion and anti-corrosive properties, increased durability on Hulls, and aesthetic properties is becoming an integral part of the marine industry. In the Hull Coatings market report, we have taken the following major application sectors into consideration: Vessels and Rigs. The Rigs segment is the fastest growing segment in the market and accounted for more than XX.XX% share of the Global Hull Coatings Market in 2015. This market is driven by a number of factors, such as Huge Demand from Oil and Gas Industry, Huge Growth in the Marine Coatings Market and the Growth in the Rigs market. However, this market faces certain drawbacks, such stringent government regulations and the projected decline in the Ship-building Industry. These factors may act as a roadblock to the growth of the market. The market has also been geographically segmented into US, United Kingdom, Italy,South Korea, UAE, China, and Rest of the Global. In terms of consumption of Hull Coatings in 2015, China led the market with a share of XX.XX%. However, the lack of awareness about economic returns in China has considerably hindered the growth of this market. Furthermore, the development of Nano4 Hull coating technologies will offer numerous opportunities in the growth of the Global Hull Coatings Market. Some of the major companies dominating this market for its products, services, and continuous product developments are Akzo Nobel Coatings, BASF, PPG Industries, DuPont, Jotun, Advanced Marine Coatings, Engineering Marine Coatings LLC, Hempel, Chukogu Marine Paints and Valspar. Key Deliverables in the Study Market analysis for the Global Hull Coatings Market , with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the global Hull Coatings market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

Get In Touch

Speak to Ananlyst

Enquiry Before Buying

Request for Customization

Request For Discount

Share With Your Friend

Related Reports