Marine Paints Market
Marine Paints Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Marine Paints Market Size and Growth
The global Marine Paints market is projected to reach a size of $9.5 billion by 2027, driven by increasing demand for anti-corrosive coatings in the marine industry. Growing maritime trade and stringent environmental regulations on ship maintenance are major factors driving market growth. The Asia-Pacific region is expected to dominate the market.
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Companies Covered (Covid 19 Impact Covered)
◍ AkzoNobel
◍ Chugoku Marine Paints, Ltd.
◍ Jotun
◍ Epifanes Yacht Coatings
◍ SEAJET
◍ Hempel
◍ Stoppani(Lechler)
◍ Veneziani Yachting
◍ Pettit Marine Paint
◍ Sea Hawk
◍ Marlin Yacht Paint
◍ Boero YachtCoatings
◍ De IJssel Coatings
◍ NAUTIX
The global marine paints market is highly competitive with key players like AkzoNobel, Chugoku Marine Paints, Jotun, and Hempel dominating the market. These companies offer a wide range of marine paints for various applications such as yacht coatings, anti-fouling coatings, and protective coatings to cater to the needs of the marine industry. These companies have a strong presence in the market and are continually investing in R&D to develop innovative products to meet the evolving demands of customers.
- AkzoNobel: Sales revenue of $9.6 billion in 2020
- Jotun: Sales revenue of $2.5 billion in 2020
- Hempel: Sales revenue of $1.7 billion in 2020
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Market Segmentation
By Application
◍ Refurbished Boat
◍ New Boat
By Product
◍ Varnish
◍ Topcoat
◍ Antifouling Paint
◍ Primer
◍ Others
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$ X Billion USD
Market Growth
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