Leisure Boat Marine Coating Market By Boat Type (Sailboats, Personal Watercrafts (PWC), Inflatables), By Coatings (Anti-fouling Coatings, Anti-corrosion Coatings, Foul Release Coatings, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global leisure boat marine coating market size is envisioned to garner $3,947.9 million by 2031, growing from $1,979.4 million in 2021 at a CAGR of 7.3% from 2031 to 2022.
Marine coatings are typically used to preserve and protect boats from corrosion and to enhance the aesthetics of boats. The marine paints play a significant part in defending the boat's outer surfaces against moisture, high temperatures, and corrosive weather. Common ingredients in paints include water paints, poppy oil, and linseed oil, which give the material a high-class gloss, beautiful color, and durability.
The expansion of recreational water sports activities has led to the opening of new shipbuilding facilities that have contributed to the leisure boat marine coating market growth in recent years. The global leisure boat marine coatings market is anticipated to grow at a healthy rate owing to the growing popularity of water sports activities such as surfing, yachting, kayaking, scuba diving, snorkeling, parasailing, and others. Furthermore, the popularity of yachts and cruise ships among those who enjoy leisure travel these aspects are estimated to drive the leisure boat marine coating market growth and demand during the analysis period.
On the contrary, somehow, the government's regulatory standards for the use of VOC-based marine coatings may act as a restraining that are estimated to limit the leisure boat marine coating market growth during the analysis period.
The market for leisure boat marine coatings is predicted to have lucrative opportunities as more water-based and low-VOC marine coatings are becoming popular in the worldwide marine coatings industry, and manufacturers are using these new technologies to get around environmental constraints. Marine coatings that dry more quickly are likewise becoming more and more popular. These factors are providing significant investment opportunities for the leisure boat marine coating market trends.
The key players profiled in this report include PPG Industries, Inc., AkzoNobel, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co.,Ltd., Hempel A/S, KCC Corporation, BASF Coatings GmbH, Axalta Coating Systems, Ltd., and Chugoku Marine Paints, Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the leisure boat marine coating market analysis from 2021 to 2031 to identify the prevailing leisure boat marine coating market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the leisure boat marine coating market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global leisure boat marine coating market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Boat Type
Sailboats
Personal Watercrafts (PWC)
Inflatables
By Coatings
Foul Release Coatings
Others
Anti-fouling Coatings
Anti-corrosion Coatings
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
PPG Industries, Inc.
AkzoNobel
The Sherwin-Williams Company
Nippon Paint Holdings Co., Ltd.
Kansai Paint Co.,Ltd.
Hempel A/S
KCC Corporation
BASF Coatings GmbH
Axalta Coating Systems, Ltd.
Chugoku Marine Paints, Ltd.
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