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Report unveils marine coating market worth $10.4 billion by 2019

The new research report, “Marine Coatings Market by Type (Anti-corrosive, Anti-fouling, and Others), and based on Chemistry (Epoxy, Polyurethane, and Others) – Global Trends & Forecasts to 2019”, defines and segments the marine coatings market with an analysis and forecast of by product type, based on chemistry by volume as well as value. “Asia-Pacific is the key market for marine coatings due to new shipbuilding industry and dry-dockings” Asia-Pacific dominated the marine coatings market in 2013 and accounted for over 75% of the market size, by volume and value. Country-wise, China is the top consumer of marine coatings products, and is also the largest market for marine coatings products registering a CAGR higher than the global average till 2019. South Korea is the second-largest marine coatings consumer in the world. The demand for coatings is increasing in this region owing to building of new ship and dry-docking. There are three main factors contributing to growth in the marine coatings market. These include the continued expansion of the oil and gas market, more extensive use of coatings to ensure long-term protection of marine assets and the implementation of IMO ballast tank coating rules. However, strict environmental regulations and customer preference for ...

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Ecospeed applied to two ice-going newbuild general cargo vessels in Croatia

Ice class tankers receive special coatings A Norwegian based shipping company chose Ecospeed to give lasting protection to their two newbuild general cargo vessels. The first vessel, M/V Golfstraum, was delivered in November. Her sister vessel M/V Rystraum is planned for a 2012 delivery. Both vessels are of the highest ice class and will be trading in North Europe and the Baltic Sea.PHOTO: M/V GolfstraumBecause the most northern parts of the Baltic Sea are almost completely frozen during the winter season the owner wanted an underwater hull coating that would protect his vessels against the frequent impact of large pieces of floating dry ice. Ecospeed was therefore the ideal coating, requiring no more than a few touch-ups during future drydock visits and no full repaint.Ecospeed has also received the Lloyd's Register certificate that recognizes the coating as an abrasion resistant ice coating for vessels intending to navigate in ice conditions. For this reason the ice belts of both vessels, the area on the bow just above the waterline that is most prone to mechanical damage from sailing through ice, were also coated with Ecospeed.For over five years several vessels coated with Ecospeed have been sailing through the most severe Baltic ...

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