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Middle East & Africa Marine Coatings Market Growth Predicted at 7% through 2024

Author : Ronak Bora | Published Date : 2020-10-21 

The research document drafted on Middle East & Africa Marine Coatings Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

Middle East & Africa marine coatings industry, as per the given report, recorded a valuation of USD 12 billion in 2017, and is likely to exceed USD 19 billion by 2024, exhibiting a growth rate of 7%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1106/sample

It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the Middle East & Africa marine coatings industry is characterized by. The MEA marine coatings market has aptly been divided on basis of product, application, regional, and competitive landscape.

Anti-fouling coatings projected to be the fastest growing segment among anti-corrosion and foul release in the MEA marine coating market during the forecast spell. Growing shipbuilding and repair & maintenance activities in the region will likely to propel the marine coating market growth in the coming years.

According to the analysis, the Middle East & Africa marine coatings market is diversified into regions and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

Several councils across the world are suppressing the paints & coatings industry due to large-scale usage of toxic chemicals and VOC content. The US Environmental Protection Agency (EPA) and the European Union (EU) have set certain limits on volatile organic compounds in the marine coatings industry. Prolonged exposure to these can cause skin and pulmonary problems. Thus, various environmental regulations related to VOC emissions have a restraining effect on the marine coatings market size by 2024.

The marine coatings market in Middle East & Africa is highly concentrated and claims presence of vivid companies including Akzo Nobel, Kansai Paint, DuPont, BASF SE, Sherwin-Williams, Hempel, Chugoku Marine Paints Ltd., Jotun, Nippon Paint, KCC Corporation, PPG Industries and MCU Coatings International. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

[TOC Chapters]

Chapter 4.MEA Marine Coatings Market Size, by Product, 2013 – 2024

  • Equipment
  • Anti-fouling coatings
  • Anti-corrosion coatings
  • Foul release coatings
  • Others

Chapter 5.MEA Marine Coatings Market Size, by Application, 2013 – 2024

  • Coastal
  • Containers
  • Deep sea
  • Leisure boats
  • Offshore vessels
  • Others

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1106/middle-east-and-africa-marine-coatings-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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