Hull Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

Hull Coating Market Report: Trends, Forecast and Competitive Analysis to 2030

Hull Coating Trends and Forecast

The future of the global hull coating market looks promising with opportunities in the vessel, liquefied natural gas carrier, bulk carrier, crude oil tanker, cruise vessel, and rig markets. The global hull coating market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising implementation of better environment regulations and increasing environmental awareness across the globe.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Hull Coating by Segment

The study includes a forecast for the global hull coating by type, application, and region.

Hull Coating Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Self-Polishing Coatings (SPCs)
• Biocide-Free Fouling Release Coatings (FRCs)
• Others

Hull Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Vessels
• Liquefied Natural Gas Carriers
• Bulk Carriers
• Crude Oil Tankers
• Cruise Vessels
• Rigs
• Others

Hull Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Hull Coating Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hull coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hull coating companies profiled in this report include-

• Akzo Nobel
• BASF
• Boero Bartolomeo
• GS Coatings
• Sherwin-Williams
• Henkel
• PPG Industries

Hull Coating Market Insights

Lucintel forecasts that self-polishing coatings (SPCs) will remain the larger segment over the forecast period as it is mostly used in the marine ship coating.

Within this market, vessels will remain the largest segment due to increasing offshore crude oil production.

APAC will remain the largest region over the forecast period due to availability of less cost labors and increasing hull construction projects in China, Japan, and India.

Features of the Global Hull Coating Market

Market Size Estimates: Hull coating market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Hull coating market size by type, application, and region in terms of value ($B).

Regional Analysis: Hull coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hull coating market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hull coating market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for hull coating market?

Answer: The global hull coating market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the hull coating market?

Answer: The major drivers for this market are rising implementation of better environment regulations and increasing environmental awareness across the globe.

Q3. What are the major segments for hull coating market?

Answer: The future of the hull coating market looks promising with opportunities in the vessel, liquefied natural gas carrier, bulk carrier, crude oil tanker, cruise vessel, and rig markets.

Q4. Who are the key hull coating market companies?

Answer: Some of the key hull coating companies are as follows:

• Akzo Nobel
• BASF
• Boero Bartolomeo
• GS Coatings
• Sherwin-Williams
• Henkel
• PPG Industries

Q5. Which hull coating market segment will be the largest in future?

Answer: Lucintel forecasts that self-polishing coatings (SPCs) will remain the larger segment over the forecast period as it is mostly used in the marine ship coating.

Q6. In hull coating market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to availability of less cost labors and increasing hull construction projects in China, Japan, and India..

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the hull coating market by type (self-polishing coatings (SPCs), biocide-free fouling release coatings (FRCs), and others), application (vessels, liquefied natural gas carriers, bulk carriers, crude oil tankers, cruise vessels, rigs, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.