Global Leisure Boat Marine Coatings Overview
Introduction:
Leisure Boat Marine Coatings Market accounted for US$ 1230.23 million in 2020 and is estimated to be US$ 2214.76 million by 2030 and is anticipated to register a CAGR of 6.10%.
Special coatings are required for leisure boats to preserve them from deterioration while also improving their appearance. They protect ship hulls from corrosion and foul formations, resulting in improved performance and longevity. Water paints, poppy oil, and linseed oil are popular ingredients in paints that give the material a high-class surface, beautiful colour, and long-lasting durability. People in cities all over the world like participating in recreational activities every now and again, as corporate occupations have recently taken a toll on their mental health. Going out and participating in activities like as water sports or boating has become a new standard among people in recent years as a way to cope with the changing lifestyle. Leisure boats are employed for such activities, and they require timely coating to keep them corrosion-free. This is one of the main reasons for the market's expansion.
Global Leisure Boat Marine Coatings Dynamics
Drivers and Restraints:
The worldwide leisure boat marine coatings market will rise primarily due to increased demand for luxury recreational vessels. Due to the exorbitant costs of purchase and upkeep, these vessels are mostly sought after by high-net-worth persons for personal and sporting activities. These boats require particular coatings to preserve them from corrosion as well as to improve their appearance. They protect ship hulls from corrosion and foul formations, resulting in improved performance and longevity. The extensive use of recreational boats, vessels, and yachts drives the worldwide leisure boat marine coating market, and these factors are projected to fuel market expansion in the approaching years. Furthermore, the coatings boost the boat's aesthetic appeal and visual look. These coatings protect boats from mechanical damage such as fouling and corrosion while also extending their service life; these features are expected to boost market growth. The leisure boat marine coating market is restrained by the cost fluctuation of resources such as raw materials.
Global Leisure Boat Marine Coatings Segmentation
The Leisure Boat Marine Coatings Market report segments the market on the basis of type, application, and region.
On the basis of Type, the Global Leisure Boat Marine Coatings Market is segmented into Anti-Fouling, Anti-Corrosion, and Foul Release. Based on Application, the target market is segmented into Vessels, Tankers, and Yachts.
Regional Insights:
On region the Leisure Boat Marine Coatings Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a major leisure boat marine coatings market, with a CAGR of more than 7% expected over the forecast period. Due to increased recreational boating activities as well as strong expansion in water-based tourism and sports, Italy, Germany, France, Belgium, the Netherlands, and Austria will see high product demand in the projection timeframe.The demand for recreational boats in Australia, China, Indonesia, Malaysia, and Taiwan will drive market expansion in the Asia Pacific region. The leisure boat marine coatings market will be driven by the rapid rise of tourism in Southeast Asian countries, which would raise demand for recreational boats.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
|
Market Segmentation |
By Type- Anti-Fouling, Anti-Corrosion, and Foul Release By Application– Vessels, Tankers and Yachts |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Leisure Boat Marine Coatings Market report based on Type, Application and region.
Leisure Boat Marine Coatings Market, By Region:
North America
U.S.
Canada
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
Israel
South Africa
Rest of Middle East & Africa
Global Leisure Boat Marine Coatings Key Players
Key players in the Leisure Boat Marine Coatings Market includes Akzo Nobel NV, Hempel Group Company, kansai Paint Co. Ltd, KCC Corporation, PPG Industries Inc., RPM International Inc., Chugoku Marine Paints Ltd., MCU Coatings International, Nippon Paint and Jotun Chemical Company. Companies are attempting to boost their market competitiveness by investing in the development of new environmentally friendly and high-performing products.
Global Leisure Boat Marine Coatings Company Profile
Akzo Nobel NV
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
Hempel Group Company
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
kansai Paint Co. Ltd
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
KCC Corporation
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
PPG Industries Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
RPM International Inc.
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
Chugoku Marine Paints Ltd.
Company Overview
Product Portfolio
Key Highlights
Financial Performance
Business Strategies
Global Leisure Boat Marine Coatings Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Anti-Fouling
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Anti-Corrosion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Foul Release
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Vessels
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Tankers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Yachts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Akzo Nobel NV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hempel Group Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- kansai Paint Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KCC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PPG Industries Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- RPM International Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chugoku Marine Paints Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MCU Coatings International
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Paint and Jotun Chemical Compan
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Global Leisure Boat Marine Coatings Market is segmented based on type, application and region.
Rise primarily due to increased demand for luxury recreational vessels is major factor driving the market.
During the forecast period, Europe is expected to dominate the market.
Key players in the Global Leisure Boat Marine Coatings Market includes Akzo Nobel NV, Hempel Group Company, kansai Paint Co. Ltd, KCC Corporation, PPG Industries Inc., RPM International Inc., Chugoku Marine Paints Ltd., MCU Coatings International, Nippon Paint and Jotun Chemical Company.