The report on the Global Yacht Coatings Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Yacht coatings provide protective covering to the yachts from environmental threats such as UV radiation, moisture and aquatic microbes such as algae. The major types of yacht coatings are classified as fillers, primers, antifouling coatings, and finishes. Over the past two decades, there has been tremendous innovation and development in the yacht coating industry. The major market trend is to develop customized ecofriendly products. The main challenge is to develop products that offer self-cleaning properties, graffiti resistance and provide customer satisfaction. The Yacht Coating materials are classified according to Chemistry as epoxies, polyurethanes, ethyl silicates and others.
The key market driver is development of sustainable and eco-friendly products. The increase in the stringent governance as well as environmental regulations and the customer’s demand for sustainable products has led to the development of eco-friendly coatings. Manufacturers are adapting on the development of environmentally friendly, anticorrosive and antifouling marine coatings. The coating materials fulfill with environmental regulations and do not destroy the marine ecosystem system. There has been strict government regulations governing the shipbuilding industry and cost of maintain the ships, yachts is also increasing at a faster rate. Therefore, the ship-owners had to opt for antifouling coatings which increase the longevity and productivity of vessels and enable compliance with environmental regulations. The ship owners take extensive programs of increasing the same which affect the demand of Yacht Coatings. The downfall of the shipbuilding industry and the unavailability of the shipping loans also hinder the growth of Yacht Coatings.
They are classified according to geography as Asia Pacific, North America, Europe, Latin America, Middle East and Africa. Netherland in Europe is the largest producer of Yacht Coatings followed by North America and Latin America.
The major companies in the production of Yacht Coatings are:
- Jotun
- Advanced Marine Coatings
- Akzo Nobel
- Kansai Paint
- PPG
- Boero Bartolomeo
- Engineered Marine Coatings
- Hempel
- Chugoku Marine
- Akzo Nobel
- Jotun
- PPG
SEGMENTATIONS IN REPORT:
Yacht Coatings By Chemistry:
- Epoxies
- Polyurethanes
- Ethyl silicates
- Others
Yacht Coatings By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Yacht Coatings Market has been exhibited in detail in the following chapters -
Chapter 1 Yacht Coatings Market Preface
Chapter 2 Executive Summary
Chapter 3 Yacht Coatings Industry Analysis
Chapter 4 Yacht Coatings Market Value Chain Analysis
Chapter 5 Yacht Coatings Market Analysis By Chemistry
Chapter 6 Yacht Coatings Market Analysis By Geography
Chapter 7 Competitive Landscape Of Yacht Coatings Companies
Chapter 8 Company Profiles Of Yacht Coatings Industry
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.