Leisure Boat Marine Coatings Market By Type (Anti-Fouling, Anti-Corrosion, and Foul Release), By Application (Vessels, Tankers, and Yachts), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI333719 | Publish Date: March 2024 | No. of Pages: 176

Global Leisure Boat Marine Coatings Overview

Leisure Boat Marine Coatings Market accounted for USD 1230.23 Million in 2020 and is estimated to be USD 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 Drivers & 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 Segmentations & Regional Insights

Leisure Boat Marine Coatings Market report segments the market on the basis of type, application, and region.

On the basis of Type, the 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.

Leisure Boat Marine Coatings Market Report Scope:

Attribute

Details

Base year for estimation

2019

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

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 Leisure Boat Marine Coatings Market report based on Type, Application and region.                        Leisure Boat Marine Coatings Market Segmentation

Leisure Boat Marine Coatings Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Leisure Boat Marine Coatings Competitive Landscape & 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
  • Hempel Group Company
  • kansai Paint Co. Ltd
  • KCC Corporation
  • PPG Industries Inc.
  • RPM International Inc.
  • Chugoku Marine Paints Ltd.

FAQs

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 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.