Global Offshore Coating Market Growth 2023-2029

Global Offshore Coating Market Growth 2023-2029

Offshore Coating can protect against chloride ion corrosion for a long time, effectively protecting metals and other materials from corrosion by seawater. Excellent corrosion resistance, corrosion resistance to humid atmosphere, acid rain, sea water and salt spray, and extremely high stability to petroleum and petrochemical products and organic solvents.
LPI (LP Information)' newest research report, the “Offshore Coating Industry Forecast” looks at past sales and reviews total world Offshore Coating sales in 2022, providing a comprehensive analysis by region and market sector of projected Offshore Coating sales for 2023 through 2029. With Offshore Coating sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore Coating industry.
This Insight Report provides a comprehensive analysis of the global Offshore Coating landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Offshore Coating portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Offshore Coating market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore Coating and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore Coating.
The global Offshore Coating market size is projected to grow from US$ 2728.6 million in 2022 to US$ 3914.5 million in 2029; it is expected to grow at a CAGR of 3914.5 from 2023 to 2029.
From a global perspective, in 2019, the global offshore coatings market is mainly led by China. China is the world’s largest producer and consumer of offshore coatings, and is also the country with the largest increase in demand. This trend will continue in the future constantly.
North America is the second largest production area in the offshore coatings market, accounting for 21.86% of world production in 2019. Major foreign manufacturers include Akzo Nobel, PPG, Haihong Senior, Sherwin, Jordan, RPM, Prime Coating, Nippon Paint, KCC, etc. Among them, Akzo Nobel, PPG, Haihong Senior, Sherwin and Jordan are the top five manufacturers in the market, which accounted for about 52.7% of the market output value. At present, Akzo Nobel is a leader in the global market. In 2019, Akzo Nobel accounted for approximately 16.34% of the global market output.
Offshore Coating can be divided into three types: solvent coatings, water-based coatings and powder coatings. Among them, solvent coating has the largest market share, accounting for about 2/3 of the market in 2019. Due to environmental issues, the growth rate of water-based coatings and powder coatings is expected to continue to accelerate.
Offshore oil production platform is the most important downstream application, and its market share in 2019 is about 62%. It is expected that offshore wind power equipment will become the most potential application.
This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Coating market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Solvent Coating
Water-Based Coating
Powder Coating
Segmentation by application
Offshore Oil Production Platform
Dock Storage Tank
Offshore Wind Power Equipment
Pipes And Cables
Sea Bridge
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Akzo Nobel
Hempel
PPG Industries
Sherwin-Williams
Jotun
Chugoku Marine Paints
KCC Marine Coatings
RPM International
Nippon Paint
Kansai Paint
Luoyang SUNRUI Anti-Corrosion Engineering Technology Co., Ltd.
Zhejiang Yutong New Materials Co., Ltd.
Great Bridge
YUNG CHI PAINT

Key Questions Addressed in this Report
What is the 10-year outlook for the global Offshore Coating market?
What factors are driving Offshore Coating market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Offshore Coating market opportunities vary by end market size?
How does Offshore Coating break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.