Marine Coatings Market - Global Industry Insights, Trends, Size, Share, Outlook, 2018-2026
Marine coatings are used in marine environments for protection against salt water, corrosion, fouling, and UV radiation. The protection of the ship both above and below the waterline is crucial. The coatings adhere to virtually any surface and make them impervious to water. Marine coatings help prevent UV radiation damage, above the waterline, while fouling and corrosion, is prevented below the waterline. Boat docks, boat hulls, or any other surface that is exposed to water can also be sealed with marine coatings to prevent corrosion. An increase in life of marine vessels and equipment is observed on application of marine coatings. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/480 There is a tendency of corrosion due to exposure to hostile marine environments. The consequences of corrosion are larger than the price incurred in preventing it, hence marine coatings have become a vital part of the shipping and shipbuilding industries. In addition, fuel consumption is reduced if the ship is in optimal shape. The major challenges are environmental regulations against leachable coatings. High VOC coats on leaching have an adverse effect on marine ecosystems. Furthermore, oil price instability has led to raw material price fluctuations which is expected to slow down market growth in the forecast period. Anti-fouling agents are applied on the marine vessels and equipment to prevent bio-fouling, which is the growth of algae, micro-organisms, plants, and animals on wetted surfaces. Increase in drag is observed due to bio-fouling which results in soaring fuel costs. The application of foul releasing agents makes the surface of materials smooth, low friction and slippery, preventing fouling organisms to attach to the surface. These are eco-friendly substitutes for anti-fouling agents. The largest end user of anti-fouling agents is the marine industry. As it operates in the midst of a highly corrosive saline environment. Coating reduces the frequent need for the expensive process of dry docking, helping minimize operating costs. The oil & gas industry employs marine coatings on subsea equipment that are