Leisure Boat Marine Coatings Market will grow by a CAGR of around 6.5% up to 2024.

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Leisure Boat Marine Coatings Market Analysis
Forecast with Upcoming Trends 2024
Leisure Boat Marine Coatings Market Size By
Product (Anti-Fouling, Anti-Corrosion, Foul
Release) Industry Analysis Report, Regional
Outlook (U.S., Canada, Germany, UK, France,
Spain, Italy, China, India, Japan, Australia,
Indonesia, Malaysia, Brazil, Mexico, South
Africa, GCC), Application Growth Potential, Price
Trends, Competitive Market Share Forecast, 2017
2024
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Global Market Scenario of Leisure Boat Marine
Coatings

• Inherently influenced by leading-edge
  technologies in the coatings domain, leisure boat
  marine coatings market stands to gain much in the
  ensuing years, driven by escalating demand for
  luxury vessels in recent times.
• The business space is rather competitive, on the
  grounds of which companies have been going the
  whole hog to stabilize their position in the
  industry.
• The Sherwin-Williams Company for instance, has
  recently prepped up its product portfolio to
  consolidate its presence across leisure boat
  marine coatings market.
• The firms SHW Protective Marine Coatings unit
  launched the Zinc Clad 4100, a new high-solids
  coating that is inclusive of features such as
  short recoat time, which is slated to enable
  better project schedules, accelerated shop
  throughput, and quick field project turnarounds.

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U.S. Leisure Boat Marine Coatings Market Size, by
Product, 2013 2024 (USD Million)
U.S. Monoethylene Glycol Market Size, by
Application, 2013 2024 (USD Million)
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Products Insights

• Companies have brought forth a barrage of
  breakthroughs in coating technology, which has
  considerably influenced the revenue scale of
  leisure boat marine coatings market. A few years
  back, for example, Nanotech Marine Services
  Limited applied the Nano-Clear Coating, produced
  by Nanovere Technologies, on Queen Elizabeth Ship
  in the UK as a part of its coating application
  trials.
• The main objective of the trial was to offer a
  durable solution for the gel-coat oxidation
  problem faced by lifeboats apparently, the
  coatings on these boats faded away within a brief
  period due to constant exposure to UV radiations.
  As a part of its experiment, the company applied
  the new product on the gel-coated surface and
  left it aboard the water vessel.

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Regional and Competitive Insights

• The Asia Pacific region would be particularly
  impelled on the grounds of the robustly expanding
  tourism sector in the region. Countries such as
  Japan, China, Australia, Hong Kong, Indonesia,
  Malaysia, and Thailand, famous as tourist
  destinations, have necessitated the demand for
  luxury ships and barges, which would help augment
  the regional leisure boat marine coatings
  industry.
• The competitive landscape of leisure boat marine
  coatings market is inclusive of biggies such as
  The Sherwin-Williams Company, Axalta Coating
  Systems, AkzoNobel N.V., and Nippon Paints. These
  behemoths have been striving to expand their
  product lines by manufacturing eco-friendly
  products while simultaneously improving their
  product performance. Global Market Insights,
  Inc., claims leisure boat marine coatings market
  size to cross a valuation of USD 1.9 billion by
  2024.

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