Leisure Boat Marine Coating Market , by Product (Foul release, Anti-corrosion, Anti-fouling, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072045
- 110 Pages
- February 2020
- Materials and Chemicals
Market Definition:
The coatings are fluid material and they are applied over the surface of metals. Marine coatings provide protection against the deterioration of a metal that happens because of high temperature, corrosion due to moisture and weather conditions.
Market Drivers:
Wide growth in popularity of recreational activities, including water sports and boating activities, is the key factor for the leisure boat marine coating market growth. In addition, increasing the high-net-worth of individuals (HNWI) is projected to drive the market growth. Due to HNWI, people are interested to buy leisure boats for water sports. To maintain leisure boats there is a requirement of superior coatings to protect them from fouling and corrosion effects of water. This aspect creates opportunities for the leisure boat marine coating market to expand in the future.
Market Restraints:
The global leisure boat marine coating market is restrained by price fluctuation of the raw materials, requiring huge R&D investments to minimize the cost of the products.
Market Opportunities:
The rapid advances coupled with technological developments in anti-fouling coating will create investment opportunities for new entrants into the leisure boat marine coating market. In addition, a self-polishing copolymer coating is used to eliminate biofouling and corrosion by continuously releasing biocides. The abovementioned factor is further expected to enhance the growth of the market in the coming years.
Leisure Boat Marine Coating Market, by Product
Global leisure boat marine coating market is classified on the basis of product into foul release, anti-corrosion, anti-fouling and others. Among these, the anti-fouling coatings segment is accounted for the highest leisure boat marine coating market size in 2018, and generated revenue of $509.2 million and is anticipated to account for $826.5 million by the end of 2026. The anti-corrosion coatings registered the second highest market size; it was valued at $344.4 million in 2018 and is estimated to account for $604.1 million during the projected time period. The foul release coatings will witness a notable growth, and is expected to register for $400.6 million, growing at the rate of 7.7% during the projected time.
Leisure Boat Marine Coating Market, by Region:
Global leisure boat marine coating market is investigated across the regions such as North America, Asia-Pacific, Europe and LAMEA. The Europe market held the dominant leisure boat marine coating market share of 32.6% in 2018; it was valued at $401.0 million in 2018, and is expected to generate revenue of $645.0 million by the end of 2026. Along with Europe, Asia-Pacific region generated the second highest market size in 2018, and is projected to reach $595.7 million during the projected time with a growth rate of 7.5%.
Key Participants of Leisure Boat Marine Coating Market:
Major key players in the leisure boat marine coating market include Axalta, DuPont, MCU COATINGS INTERNATIONAL, Kansai Paint Co., Ltd., Katradis Marine Ropes Ind. S.A., Chugoku Marine Paints, Ltd., AkzoNobel, Baril Coatings, KCC CORPORATION, PPG Industries, Inc., NIPSEA GROUP and BASF Coatings GmbH. Key participants are increasing their efforts on current product development, R&D investments and geographical expansions to gain majority of the market share in the overall leisure boat marine coating industry. For example, AkzoNobel was introduced new product “recycled paint” in October 2019 and AkzoNobel is the first company to manufacture recycled paint.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Product trends
3. Market overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By product
3.8.2. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Animal Feed Micronutrients Market, by Product
4.1. Foul release
4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Anti-corrosion
4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026
4.3. Anti-fouling
4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026
4.4. Others
4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026
5. Animal Feed Micronutrients Market, by Region
5.1. North America
5.1.1. Market size and forecast, by product, 2018-2026
5.1.2. Market size and forecast, by country, 2018-2026
5.1.3. Comparative market share analysis, 2018 & 2026
5.1.4. U.S.
5.1.4.1. Market size and forecast, by product, 2018-2026
5.1.4.2. Comparative market share analysis, 2018 & 2026
5.1.5. Canada
5.1.5.1. Market size and forecast, by product, 2018-2026
5.1.5.2. Comparative market share analysis, 2018 & 2026
5.2. Europe
5.2.1. Market size and forecast, by product, 2018-2026
5.2.2. Market size and forecast, by country, 2018-2026
5.2.3. Comparative market share analysis, 2018 & 2026
5.2.4. Germany
5.2.4.1. Market size and forecast, by product, 2018-2026
5.2.4.2. Comparative market share analysis, 2018 & 2026
5.2.5. UK
5.2.5.1. Market size and forecast, by product, 2018-2026
5.2.5.2. Comparative market share analysis, 2018 & 2026
5.2.6. France
5.2.6.1. Market size and forecast, by product, 2018-2026
5.2.6.2. Comparative market share analysis, 2018 & 2026
5.2.7. Spain
5.2.7.1. Market size and forecast, by product, 2018-2026
5.2.7.2. Comparative market share analysis, 2018 & 2026
5.2.8. Italy
5.2.8.1. Market size and forecast, by product, 2018-2026
5.2.8.2. Comparative market share analysis, 2018 & 2026
5.2.9. Rest of Europe
5.2.9.1. Market size and forecast, by product, 2018-2026
5.2.9.2. Comparative market share analysis, 2018 & 2026
5.3. Asia Pacific
5.3.1. Market size and forecast, by product, 2018-2026
5.3.2. Market size and forecast, by country, 2018-2026
5.3.3. Comparative market share analysis, 2018 & 2026
5.3.4. China
5.3.4.1. Market size and forecast, by product, 2018-2026
5.3.4.2. Comparative market share analysis, 2018 & 2026
5.3.5. India
5.3.5.1. Market size and forecast, by product, 2018-2026
5.3.5.2. Comparative market share analysis, 2018 & 2026
5.3.6. Australia
5.3.6.1. Market size and forecast, by product, 2018-2026
5.3.6.2. Comparative market share analysis, 2018 & 2026
5.3.7. Rest of Asia Pacific
5.3.7.1. Market size and forecast, by product, 2018-2026
5.3.7.2. Comparative market share analysis, 2018 & 2026
5.4. LAMEA
5.4.1. Market size and forecast, by product, 2018-2026
5.4.2. Market size and forecast, by country, 2018-2026
5.4.3. Comparative market share analysis, 2018 & 2026
5.4.4. Latin America
5.4.4.1. Market size and forecast, by product, 2018-2026
5.4.4.2. Comparative market share analysis, 2018 & 2026
5.4.5. Middle East
5.4.5.1. Market size and forecast, by product, 2018-2026
5.4.5.2. Comparative market share analysis, 2018 & 2026
5.4.6. Africa
5.4.6.1. Market size and forecast, by product, 2018-2026
5.4.6.2. Comparative market share analysis, 2018 & 2026
6. Company profiles
6.1. Chugoku Marine Paints, Ltd.
6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis
6.2. DuPont
6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis
6.3. PPG Industries, Inc.
6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis
6.4. Axalta
6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis
6.5. NIPSEA GROUP
6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis
6.6. AkzoNobel
6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis
6.7. BASF Coatings GmbH
6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis
6.8. Katradis Marine Ropes Ind. S.A.
6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis
6.9. Baril Coatings
6.9.1. Business overview
6.9.2. Financial performance
6.9.3. Product portfolio
6.9.4. Recent strategic moves & developments
6.9.5. SWOT analysis
6.10. Kansai Paint Co., Ltd.
6.10.1. Business overview
6.10.2. Financial performance
6.10.3. Product portfolio
6.10.4. Recent strategic moves & developments
6.10.5. SWOT analysis
6.11. KCC CORPORATION
6.11.1. Business overview
6.11.2. Financial performance
6.11.3. Product portfolio
6.11.4. Recent strategic moves & developments
6.11.5. SWOT analysis
6.12. MCU COATINGS INTERNATIONAL
6.12.1. Business overview
6.12.2. Financial performance
6.12.3. Product portfolio
6.12.4. Recent strategic moves & developments
6.12.5. SWOT analysis
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