Rising consumer awareness regarding hull protection, as well as an increase in fuel efficiency and vessel’s life, would be major factors driving the demand for Marine Coatings Market in the coming years. Moreover, rising demand for eco-friendly coatings to help sustain aquatic life and control oceanic pollution would positively influence the market growth.
According to 6Wresearch, Europe Marine Coatings Market size is anticipated to register growth during 2019-25. Based on the product, the market can be categorized into anti-fouling coatings, anti-corrosion coatings, foul release coatings, and others. Anti-fouling coatings act as a barrier between the metal and aquatic organisms preventing degradation which increases the life of the vessel. Anti-fouling coatings acquired major revenue share in 2018, and are projected to lead the demand for marine coatings market during the forecast period.
In the overall Europe Marine Coatings Market share, United Kingdom has captured major pie in 2018 and is expected to lead throughout the forecast period. However, Spain and Belgium are expected to be some of the key revenue generating countries over the coming years.
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Key Highlights of the Report:
- Europe Marine Coatings Market Overview
- Market Opportunity Assessment
- Europe Marine Coatings Market Share, By Players
- Europe Marine Coatings Market Share, By Regions
- Europe Marine Coatings Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Europe Marine Coatings Market Outlook
- Europe Marine Coatings Market Forecast
- Market Drivers and Restraints
- Europe Marine Coatings Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
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