Global and Japan Offshore Coating Market Insights, Forecast to 2027

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.
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.

Market Analysis and Insights: Global and Japan Offshore Coating Market
This report focuses on global and Japan Offshore Coating market.
In 2020, the global Offshore Coating market size was US$ 2653.9 million and it is expected to reach US$ 3759.3 million by the end of 2027, with a CAGR of 5.1% during 2021-2027. In Japan the Offshore Coating market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Offshore Coating Scope and Market Size
Offshore Coating market is segmented by region (country), players, 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 revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Offshore Coating market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

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 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

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