Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) — The “Offshore Oil & Gas Paints and Coatings Market By Resin, By Installation: Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.
The global offshore oil & gas paints and coatings market was valued at $537.6 million in 2020, and is projected to reach $764.9 million by 2030, growing at a CAGR of 3.7% from 2021 to 2030.
Offshore oil & gas exploration activities lead to formation of foul and corrosion layers on the vessel equipment, which are further coated system to provide protection. Moreover, continuous contact with rough seawater and prolonged exposure to penetrating UV rays adversely affect the life of coating systems.
Coatings systems for offshore structures are designed to protect the marine infrastructure from most corrosive environments. Moreover, huge investments in the exploration and production of offshore oil & gas fields in remote areas require long-term protection of these structures.
This is efficiently managed by high cost of coating materials and require less maintenance. In addition, offshore oil & gas paints and coatings have gained popularity in recent years, owing to increase in application of epoxy resin-based coats, which possess more abrasion and chemical-resistant properties, that topcoat the marine vessels, providing anticorrosive protection against atmospheric exposure.
In addition, the LAMEA offshore oil & gas paints and coatings market offers lucrative opportunities for industry players, owing to growth in exploration and drilling activities in this region. In addition, technological developments in the production of offshore oil & gas paints and coatings by manufacturers, are further expected to fuel the market growth during the forecast period.
The offshore oil & gas paints and coatings market is segmented on the basis of type, installation, and region. By type, the market is segregated into epoxy, polyurethane alkyd, acrylic, inorganic zinc, and others. On the basis of installation, it is fragmented into jackups, floaters, drillships, semisubmersibles, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include, Hempel, 3M, Nippon Paints Co., AkzoNobel N.V., PPG Industries, Inc., Wacker Chemie AG, The Sherwin-Williams Company, Jotun, Kansai Paints Co., and A&A Coatings.
The global offshore oil & gas paints and coatings market report provides in-depth competitive analysis as well as profiles of these major players. The global offshore oil & gas paints and coatings market report provides in-depth competitive analysis as well as profiles of these major players.
Impact of COVID-19 on Global Offshore Oil & Gas Paints and Coatings Market
- The outbreak of COVID-19 led to partial or complete shutdown of production facilities that do not come under essential goods, owing to prolonged lockdown in major countries, including the U.S., China, Japan, India, and Germany. It led to either closure or suspension of their production activities in most of the industrial units across the globe.
- Sudden outbreak of the COVID-19 pandemic led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of offshore oil & gas paints and coatings.
- The impact of COVID-19 and fluctuations in oil prices are proving to be a two-pronged crisis for oil, gas, and chemicals companies. The Organization of the Petroleum Exporting Countries (OPEC) agreed to cut 1.5 million barrels per day from production. The COVID-19 pandemic shattered oil demand, sunk prices, and is posing a significant risk for those involved in oil extraction and processing.
- Key Benifits For The Stakeholders- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the offshore oil & gas paints and coatings market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
3.11. Market Share Analysis
CHAPTER 4: OFFSHORE OIL & GAS PAINTS AND COATINGS MARKET, BY RESIN
4.1.1 Market size and forecast
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Inorganic Zinc
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
CHAPTER 5: OFFSHORE OIL & GAS PAINTS AND COATINGS MARKET, BY INSTALLATION
5.1.1 Market size and forecast
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: OFFSHORE OIL & GAS PAINTS AND COATINGS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 3M CO.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 AKZONOBEL N.V.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 HEMPLEL A/S
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 KANSAI PAINTS CO., LTD.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 NIPPON PAINTS CO. LTD.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 PPG INDUSTRIES, INC.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 THE SHERWIN-WILLIAMS COMPANY
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 WACKER CHEMIE AG
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 A&A Coatings
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/199hub