The Yacht Coatings Market is expected to witness a significant growth of USD ~ 4.21 Billion by 2022 with CAGR of ~12% between 2022-2030.
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, and others and based on region market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa..
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.
The report covers brief analysis of geographical region such as:
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.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||increasing number of sea transportation|
|Key Market Drivers||
The global yacht coatings market size is presumed to reach a size of USD 4.2 billion by 2030
The global yacht coatings market is predicted to prosper at a CAGR of 12% over the period between 2022-2030
The global yacht coatings market is driven by the penchant for boating by locals in Europe and North America as well as the dependence on sea transportation.
Europe is the most lucrative region for the global yacht coatings market due to a thriving marine and boating industry.
DuPont, Jotun, Akzo Nobel N.V, PPG Industries, Inc., Boero Bartolomeo S.p., BASF SE, Hempel A/S, Engineered Marine Coatings LLC, Chugoku Marine Paints, Ltd, ALEXSEAL, and others are some of the biggest players of the global yacht coatings market.