Europe Marine Coatings Market expected to progress at 5.8% CAGR to 2025

Europe Marine Coatings Market Share is expected to expand significantly with more than 5% CAGR during the projected timeframe 2019-2025

India - October 9, 2019 /MarketersMedia/ —

According to the Graphical Research new growth forecast report titled “Europe Marine Coatings Market analysis based on Product, Application, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025”, estimated to exceed USD 2 billion by 2025. Sturdy demand for marine coating products to increase the vessel’s life by preventing it from bio fouling and corrosion will propel the Europe marine coating market size by 2025. For instance, many manufacturers in countries such as the UK, Belgium, Spain etc. are producing new coatings with foul-release technology that is useful in substantial fuel savings, especially for large cargo ships. Companies are developing eco-friendly coatings such as metal-free anti-fouling agents to help sustain the aquatic life and control the oceanic pollution, which would positively drive the Europe marine coating market size by 2025.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1037/sample

Strict government policies against the use of toxic coatings and volatile product prices may become an obstacle in the growth of the Europe marine coating market size in the near future. However, increasing awareness for the use of eco-friendly coatings would profoundly augment the Europe marine coating market size in the forecast period.

Anti-fouling coatings accounted for more than 40% of the overall market size in 2017. It is applied to the underwater area of the vessel for better performance and durability. It acts as a barrier for the metal from marine organisms that degrade and weaken it. The coating helps in self-polishing the hull when the vessel travels. The self-polishing property of the coating would boost the product demand directly boosting the Europe marine coating market size by 2025.

Europe marine coating market size for leisure boats is projected to rise at a CAGR of more than 5.5% by 2025. Leisure boats demand is likely grow due to the growing disposable income of the population in Western Europe. These boats require a significant amount of maintenance which would improve the product demand in the region propelling the Europe marine coating market size in the near future.

Europe marine coating market size is likely to grow at a CAGR over 5% in the forecast timespan. Shipping is one of the most important mode of transport in the region. Approximately 90% of all goods come through various vessels such as food, cars, clothes, oil, gas, electrical appliances etc. It is one of the main industry to contribute in the EU’s overall GDP. Therefore, marine coating product possesses a significant amount of demand in the region which would augment the Europe marine coating market by 2025.

Europe marine coating market share is exceedingly consolidated, with prominent players accounting for over half of the total business size in 2017. The major players include Jotun Paints (Europe) Ltd, Akzo Nobel Coatings, SigmaKalon Group BV, BASF Coatings, ICI Paints, PPG Europe, Kuraray Europe GmbH, Sherwin Williams, Supreme Paints and Coatings and Sika.

Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1037/europe-marine-coatings-market

Segments we Cover:

Europe marine coating market, product by application
Anti-fouling coatings
Anti-corrosion coatings
Foul release coatings
Others

Europe marine coating market, by application
Coastal
Containers
Deep sea
Leisure boats
Offshore vessels
Others

Related Reports:

Asia Pacific Lubricant Packaging Market : https://www.marketwatch.com/press-release/hugh-growth-of-asia-pacific-lubricant-packaging-market-with-good-revenue-of-55bn-status-till-2024-2019-10-04

Europe Polyoxymethylene (POM) Market : https://www.marketwatch.com/press-release/europe-polyoxymethylene-pom-market-with-geographic-segmentation-statistical-forecast-and-competitive-analysis-report-to-2024-2019-09-16

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1037/europe-marine-coatings-market

Source URL: https://marketersmedia.com/europe-marine-coatings-market-expected-to-progress-at-58-cagr-to-2025/88926689

Source: MarketersMedia

Release ID: 88926689

Latest News

Asian stocks gain after US, China announce truce on tariffs

Oct 14, 2019

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump agreed Friday to put off planned tariff hikes this week on Chinese goods in a fight over Beijing's trade surplus and technology plans. In exchange, he said China would buy American farm goods. But the two sides reported no progress on basic disputes that sparked the 15-month-old fight that threatens global economic growth. Friday's truce "has simply temporarily halted the escalation...

Japan looks for missing after typhoon, warns of mudslides

Oct 14, 2019

TOKYO — Rescue crews in Japan dug through mudslides and searched near swollen rivers Monday as they looked for those missing from a typhoon that left as many as 36 dead and caused serious damage in central and northern Japan. Typhoon Hagibis unleashed torrents of rain and strong winds Saturday that left thousands of homes on Japan's main island flooded, damaged or without power. Authorities warned more mudslides were possible with rain forecast for the affected area during the day Monday. Kyodo News service, assembling information from a wide network, counted 36 deaths caused by the typhoon with 16 people...

Impeachment dominates, but much other work awaits Congress

Oct 14, 2019

WASHINGTON — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to work this week with mixed hopes of success. It's a difficult-to-predict time when it comes to possible deals between President Donald Trump and House Speaker Nancy Pelosi, who's kicked off the impeachment inquiry. An important trade agreement has a pulse. An effort to deal with prescription drug prices seems stuck. Divided government has produced scant results thus far, except for a small-scale budget deal that lawmakers are struggling to put in place....

The Latest: Germany to curtail arms exports to Turkey

Oct 14, 2019

AKCAKALE, Turkey — The Latest on Turkey's military offensive into northeastern Syria against Syrian Kurdish fighters (all times local): 10:05 p.m. Germany's foreign minister has announced that the country will curtail its arms exports to Turkey, which has started a military offensive into northeastern Syria against Syrian Kurdish fighters. Heiko Maas on Saturday told weekly Bild am Sonntag that, "against the background of the Turkish military offensive in northeastern Syria, the government will not issue any new permissions for any weapons that can be used by Turkey in Syria." Maas' remarks came as thousands of Kurdish immigrants rallied against the...

Xi becomes 1st Chinese president in 2 decades to visit Nepal

Oct 14, 2019

KATHMANDU, Nepal — Xi Jinping on Saturday became the first Chinese president in more than two decades to visit Nepal, where he is expected to sign agreements on several infrastructure projects. Xi arrived Saturday from India, where he met with Indian Prime Minister Narendra Modi. Nepal is expected to tread cautiously while building relations with big neighbors India and China. India has extensive influence on Nepal's economy and politics, while China and Nepal share a border covered with high mountain peaks. Jiang Zemin had been the last Chinese president to visit Nepal, making the trip in 1996, but other Chinese...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com