PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Download our free Bridge Coating Systems eResource Book

Paint and Coatings Industry News

Main News Page


Marine Coating Market to Hit $10.2B

Monday, November 26, 2012

More items for Coating Materials

Comment | More

The need to reduce fuel consumption of ships, coupled with a surge in developing eco-friendly coatings, are expected to help double the global marine coating market over the next four years, according to a new market study.

Strategic Analysis of the Global Market for Marine Coatings,” published by Frost & Sullivan, finds that the market earned revenues of $5,030.1 million in 2011 and estimates this to reach $10,216.3 million in 2018.

cargo ship
Rennett Stowe / Wikimedia Commons

The need to reduce fuel consumption will help drive coating development  and innovation, as large cargo ships consumer large amounts of fuel.

The report covers anti-corrosive, anti-fouling and foul-release coatings.

Reduction in Fuel Consumption

“The need to lower fuel consumption is a strong market driver, and antifouling coatings applied to ships’ hulls offer one way to combat emissions and reduce fuel consumption,” said Dr. Leonidas Dokos, Frost & Sullivan research director.

“Foul-release technology, which also results in substantial fuel savings, is particularly useful for large cargo ships, which consume a lot of fuel.”

Environmental Push

Stringent environmental regulations and customer preference for more “eco-friendly” products is also pushing the innovation envelope, according to the report.

“Companies are investing in developing eco-friendly products such as metal-free anti-fouling coatings,” said Dokos. “Most major participants now offer silicone- or fluororesin-based foul-release products.”

Warnings Ahead

While these are positive winds for the market, it is not expected to be “all smooth sailing,” the report warns.

Manufacturers will have to contend with two major challenges: projected declines in shipbuilding production and the consolidation of shipping management companies.

New shipbuilding activities are expected to decline until the beginning of 2014, leading to declining volume demands in the near term.

Moreover, consolidation of the shipping management companies will increase their buying power, while placing additional pressure on marine coatings prices, the report said.

“Strategic Analysis of the Global Market for Marine Coatings” is part of the Chemicals & Materials Growth Partnership Service program, which also includes research in the following areas: Paint and Coatings Market, Intumescent Coatings Market, Chinese Automotive Coatings Market and Decorative Coating Companies in Asia Pacific.

   

Tagged categories: Marine Coatings; Market; Market research

Comment Join the Conversation:

Sign in to our community to add your comments.

Jessup Manufacturing Company
More Traction for Extreme Marine Conditions

Jessup Safety Track® 3800 Military Grade peel-and-stick non-skid tapes and treads provide extra slip resistance for decks. MIL-PRF-24467C Type XI, Black & Gray.


Carboline Company
Fireproofing Solutions

Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

Wasser Coatings offer a complete range of Moisture Cure Urethane (NEPCOAT approved) systems in addition to Polyurea membranes and linings(NSF).
www.wassercoatings.com


Polyval Coatings
Polyflex® Polyurea Linings

Polyflex™ new Polyurea Geotextile Membrane System has been specifically engineered to protect the environment in containment applications.
www.polyflexlinings.com


Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC

A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


Specialty Products, Inc. (SPI)
SIGN UP TODAY – HANDS ON TRAINING

After 40 years in the coating business, SPI has trained more industry professionals than any other polyurea manufacturer. Now offering more classes at more locations than ever before!


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


International Paint LLC
Premium Low VOC Polyurethane Finish

AkzoNobel introduces Interthane 990V as a 250 g/l HAPS free polyurethane with outstanding color and gloss retention. 990V is fast curing and applicator friendly.


Armorthane
Polyurethane and Polyurea Sprayed-On Protection

Buy POLYURETHANE or POLYUREA coatings and spray equipment for years of proven chemical resistance, water- and weather-proofing, and structural improvements.


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com