Leisure Boat Marine Coatings Market is segmented by Product Type (Anti-fouling Coatings, Anti-corrosion Coatings, Foul Release Coatings, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Leisure Boat Marine Coatings Market is segmented by Product Type ...
The Leisure Boat Marine Coatings Market is expected to grow from USD 1.24billion in 2022 to USD 1.79billion by 2028 at a CAGR of 6.28% during the forecast period.
Leisure boat marine coating is basically a protective layer of coating that is suitable for the marine environment. It helps in safeguarding the vessel from any kind of corrosive action of the water, biofouling, abrasion, etc. The growing popularity of recreational boating activities and water sports is one of the key factors likely to drive the market growth during the forecast period. Furthermore, increasing disposable income and growth in the tourism sector are some other factors expected to fuel the overall industry growth in the coming years.
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Product Type
Anti-fouling Coatings
Anti-corrosion Coatings
Foul Release Coatings
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
By Product Type
The market is segmented into anti-fouling coatings, anti-corrosion coatings, foul-release coatings, and others. Anti-fouling coatings are expected to be the dominant product type in the market during the forecast period. The dominance of the segment can be attributed to the growing number of leisure boats across the world. On the other hand, the anti-corrosion coating is estimated to account for a significant share of the market over the forecast period. Increasing leisure boat maintenance and repair activities worldwide are the major factors likely to fuel the segment’s growth in the coming years.
Regional Analysis
Europe is estimated to be the major region in the market with a high growth rate during the forecast period. Germany, France, The Netherlands, and Austria are the growth engines of the region with increasing recreational boating activities and growing water-based tourism and sports.
On the other hand, Asia-Pacific is expected to witness significant growth in the market during the forecast period with China, Indonesia, Taiwan, and Malaysia being the major countries. The growth of the regional market can be attributed to the increasing disposable income of consumers and growing tourism in the South East Asian countries.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the leisure boat marine coatings market:
AkzoNobel N.V.
Chugoku Marine Paints Ltd.
Jotun
Hempel Group
Kansai Paint Co., Ltd.
KCC Corporation
Nippon Paint Holdings Co., Ltd.
RPM International Inc.
PPG Industries Inc.
Sherwin-Williams Company
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s leisure boat marine coatings market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Leisure Boat Marine Coatings Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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AkzoNobel N.V., Chugoku Marine Paints Ltd., Jotun, Hempel Group, Kansai Paint Co., Ltd., KCC Corporation, Nippon Paint Holdings Co., Ltd., RPM International Inc., PPG Industries Inc., and Sherwin-Williams Company are some of the key players in the market.
Europe is estimated to remain dominant in the leisure boat marine coatings market in the foreseen future. Germany, France, The Netherlands, and Austria are the growth engines of the region with increasing recreational boating activities and growing water-based tourism and sports.
The anti-fouling coating is estimated to be the dominant product type in the market during the forecast period. The dominance of the segment can be attributed to the growing number of leisure boats across the world.
The growing popularity of recreational boating activities and water sports is one of the key factors likely to drive the market growth during the forecast period. Furthermore, increasing disposable income and growth in the tourism sector are some other factors expected to fuel the overall industry growth in the coming years.
