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In-Depth Analysis of Hull Coatings Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024

Hull

The Key purpose of “Hull Coatings Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Hull Coatings market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Hull Coatings Market Covers Key Players:

  • Axalta Coating Systems
  • AkzoNobel N.V.
  • PPG Industries
  • Jotun
  • Hempel A/S
  • Chugoku Marine Paints
  • Ltd
  • BASF SE
  • Boero Bartolomeo SpA
  • Sherwin-Williams

    Market Overview:

  • The hull coatings market is expected to grow at a CAGR of around 7% during the forecast period of 2019 – 2024. One of the major factors driving the growth of the market studied is the increasing oil & gas activities across the globe. On the flipside, stringent government regulation serve as one of the major stumbling blocks in growth of the studied market.
  • – Vessels segment dominated the market in 2018 and is likely to grow during the forecast period, with the growing ship building industry in the Asia-Pacific region, along with the increasing production rates of leisure boats and cruise ships around the world.
  • – Innovation & development of eco-friendly hull coatings is likely to provide opportunities for the studied market during the forecast period.
  • – Asia-Pacific dominated the market across the globe, where the growth is majorly driven by the growing demand from the ship-building industry.

    The Hull Coatings Market Report Includes:

    • The Hull Coatings market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • This report studies the global Hull Coatings market size, industry status and forecast, competition landscape and growth opportunity.

    Key Market Trends:

    Vessels Segment to Dominate the Market Demand

    – Hull coatings, which are also referred to as “anti- fouling”, are essential for marine ships. They exhibit properties like anti-corrosive and anti-fouling, which can increase the ships working life cycle.
    – High-performance anti-fouling provides lifelong benefits, including extended dry-dock intervals and reduced time in dry-dock, lower future maintenance costs and reduced greenhouse gas emissions through lower fuel consumption.
    – Hence, hull coatings play a key role in reducing the overall operational and commercial costs of a vessel.
    – With recovery prices in oil & gas industry, the exploration & production has started increasing across the globe. The major increase in oil & gas offshore exploration activities is noticed in North Sea, North America, and Middle Eastern regions.
    – With this, the demand for vessels is also increasing in these regions.
    – Besides, the demand for passenger, bulk containers, and container vessels is also increasing with growing population, and growing trade between nations.
    – Such trends across the globe have been leading to the growth of production in ship building industry, which is further driving the demand for hull coatings for application in vessels.

    Asia-Pacific Region to Dominate the Market

    – Asia-Pacific region dominated the global market share in 2018. Asia-Pacific is the world largest ship producing region in the world, which caters to the demand for various types of vessels, ranging from ferries, small boats, fishing vessels, tow & tug boats to oil industry vessels, cargo ships, passenger ships, bulk carriers, and container ships.
    – In Asia-Pacific, countries, such as China, Japan, and South Korea, are the leading producers of vessels, while large shipyards also exist in various other nations of the region.
    – Ships are mainly built after procuring projects and according to the customer requirements. It takes a minimum of 2 years to complete the production of a ship. Currently, such countries have been receiving bulk orders for vessels.
    – For instance, in November 2018, three South Korean yards, namely Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, and Samsung Heavy Industries won more than 50 orders for new large-scale LNG tankers which have to be delivered in the next three years. Besides, China holds a contract to build 24 vessels, Japan 15 vessels, and Singapore 1 vessel.
    – Hence, such bulk orders in line for production are projected to drive the demand for hull coatings from the shipbuilding industry in the region during the forecast period.

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    Important Questions Answered in The Hull Coatings Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Hull Coatings Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Hull Coatings Market?

    Detailed TOC of Hull Coatings Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Oil & Gas Exploration Activities
    4.1.2 Increased Orders for Vessels
    4.2 Restraints
    4.2.1 Strict Government Regulations
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Coating Type
    5.1.1 Self-Polishing Coatings (SPCs)
    5.1.2 Fouling Release Coatings (FRC)
    5.1.3 Others
    5.2 By Application
    5.2.1 Vessels
    5.2.2 Rigs
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Rest of Asia-Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.2.2 Canada
    5.3.2.3 Mexico
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 France
    5.3.3.4 Italy
    5.3.3.5 Rest of Europe
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Axalta Coating Systems
    6.4.2 AkzoNobel N.V.
    6.4.3 PPG Industries
    6.4.4 Jotun
    6.4.5 Hempel A/S
    6.4.6 Chugoku Marine Paints, Ltd
    6.4.7 BASF SE
    6.4.8 Boero Bartolomeo SpA
    6.4.9 Sherwin-Williams

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Innovation & Development of Eco-friendly Hull Coatings

     

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