Worldwide Hull Coatings Market Forecast 2019-2024 Growth Drivers, Regional Outlook
Overview for “Hull Coatings Market” Helps in providing scope and definitions, Key Findings, Growth Drivers, and Various Dynamics.
(EMAILWIRE.COM, June 13, 2019 ) "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.
Request a sample of Hull Coatings Market report @ http://www.arcognizance.com/enquiry-sample/422450
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.
Access this report of Hull Coatings Market @ http://arcognizance.com/report/hull-coatings-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The hull coatings market is a consolidated market, where few players account for significant share of the market demand. Some of the major players in the market include AkzoNobel N.V., PPG Industries Inc., Jotun, Hempel, BASF SE, amongst others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/422450
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: COMPETITIVE LANDSCAPE
Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovation & Development of Eco-friendly Hull Coatings
Request a sample of Hull Coatings Market report @ http://www.arcognizance.com/enquiry-sample/422450
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
"
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.
Request a sample of Hull Coatings Market report @ http://www.arcognizance.com/enquiry-sample/422450
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.
Access this report of Hull Coatings Market @ http://arcognizance.com/report/hull-coatings-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The hull coatings market is a consolidated market, where few players account for significant share of the market demand. Some of the major players in the market include AkzoNobel N.V., PPG Industries Inc., Jotun, Hempel, BASF SE, amongst others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/422450
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: COMPETITIVE LANDSCAPE
Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovation & Development of Eco-friendly Hull Coatings
Request a sample of Hull Coatings Market report @ http://www.arcognizance.com/enquiry-sample/422450
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
"
Contact Information:
Analytical Research Cognizance
Avanti dengale
Tel: +91 90967 44448
Email us
----
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Analytical Research Cognizance
Avanti dengale
Tel: +91 90967 44448
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results