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Global Yacht Coatings Market Is Expected to Rise at 12% of CAGR During 2022 with USD 4.21 Billion

Yacht Coatings Market Information- by Type (Epoxies, Polyurethanes) by Application (Fairing, Surfacing, Final Priming & Sealing) and by Region - Forecast till 2022

 

Pune, Maharashtra -- (SBWIRE) -- 05/04/2017 -- Synopsis of Yacht Coatings Market

The Global Yacht Coatings is expected to witness a significant growth of USD ~ 4.21 Billion by 2022 with CAGR of ~12% between 2016 and 2022

Yacht Coatings provides a complete range of coats incorporate of the ultraviolet resistors, aliphatic urethane resins, premier quality pigments, solvents, and agents to create the most advanced yacht coatings available on the market today. Yacht coating also gives represents the industry's best combination of appearance, durability and reparability. The global yacht coating market is driven by growth in the production of yacht market specifically in Europe, some other factors driving the growth of the global yacht coatings market includes the rising demand for innovative and distinguished looks and appearance for private yacht and increasing number of sea transportation. The Europe and North America region will give the future growth for the yacht market as sales will be boosted by continued economic growth in these regions. In the boating industry, there is ongoing shift in product mix toward larger and luxurious yachts.

Europe is the largest market of yacht coatings due to large production of marine industry. North America led to the second position in global yacht coatings market including various application in yacht coatings such as fairing, surfacing, final priming & sealing, finishing, specialty applications, topcoat care & maintenance, hull, and others. Whereas APAC region hold third position in global yacht coatings market followed by East Middle and Latin America.

Market Segmentation

The global yacht coatings market is majorly segmented on the basis of types, application and region.

-Based on Types; of yacht coatings the market is segmented into epoxies, polyurethanes, ethyl silicates, others.

-Based on Application; the market segmented into fairing, surfacing, final priming & sealing, finishing, specialty applications, topcoat care & maintenance, hull

-Based on Region; market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

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Study Objectives of Yacht Coatings Market:

-To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Yacht Coatings Market

-To understand the supply and demand dynamics including supply and consumption concentration mapping

-To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

-To provide competitor positioning of the market

-To provide company profiling of major players in the market along with their production and capacity

-To provide regional trade analysis

-To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market

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Key Players

Key players of the global yacht coatings market are:

-Akzo Nobel N.V (Europe)
-Jotun (Europe)
-PPG Industries, Inc. (US)
-Hempel A/S (Europe)
-Boero Bartolomeo S.p.A. (Europe)
-Chugoku Marine Paints, Ltd (Japan)
-Engineered Marine Coatings LLC (US)
-BASF SE (Germany)
-DuPont (US)
-ALEXSEAL (Germany)

Intended Audience

-Yacht Coatings manufacturers
-Traders and distributors of Yacht Coatings
-Production Process industries
-Potential investors
-Raw material suppliers
-Nationalized laboratory

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