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Global Offshore Coating Market Insights and Forecast to 2028
SKU ID : QYR-19896099 | Publishing Date : 06-Jan-2022 | No. of pages : 105
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.
Market Analysis and Insights: Global Offshore Coating Market
Due to the COVID-19 pandemic, the global Offshore Coating market size is estimated to be worth US$ 2943.7 million in 2022 and is forecast to a readjusted size of US$ 3967.4 million by 2028 with a CAGR of 5.1% during the review period. Fully considering the economic change by this health crisis, Solvent Coating accounting for % of the Offshore Coating global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Offshore Oil Production Platform segment is altered to an % CAGR throughout this forecast period.
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.
In terms of production side, this report researches the Offshore Coating capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Offshore Coating by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Offshore Coating Scope and Segment
Offshore Coating market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Offshore Coating market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Solvent Coating
Water-Based Coating
Powder Coating
Segment by Application
Offshore Oil Production Platform
Dock Storage Tank
Offshore Wind Power Equipment
Pipes And Cables
Sea Bridge
Other
By Company
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
Production by Region
North America
Europe
China
Japan
South Korea
Taiwan (China)
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Market Analysis and Insights: Global Offshore Coating Market
Due to the COVID-19 pandemic, the global Offshore Coating market size is estimated to be worth US$ 2943.7 million in 2022 and is forecast to a readjusted size of US$ 3967.4 million by 2028 with a CAGR of 5.1% during the review period. Fully considering the economic change by this health crisis, Solvent Coating accounting for % of the Offshore Coating global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Offshore Oil Production Platform segment is altered to an % CAGR throughout this forecast period.
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.
In terms of production side, this report researches the Offshore Coating capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Offshore Coating by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Offshore Coating Scope and Segment
Offshore Coating market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Offshore Coating market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Solvent Coating
Water-Based Coating
Powder Coating
Segment by Application
Offshore Oil Production Platform
Dock Storage Tank
Offshore Wind Power Equipment
Pipes And Cables
Sea Bridge
Other
By Company
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
Production by Region
North America
Europe
China
Japan
South Korea
Taiwan (China)
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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