Global Yacht Coatings Market is expected to grow at ~12% CAGR during 2016-2022

Market Highlights
Yacht coatings offer protection for yachts from risks such as UV radiation, moisture and microbes as well as improve its exterior. Some of the main types of yacht coatings applications are fairing, surfacing, final priming & sealing, finishing, specialty applications, topcoat care & maintenance, hull, and others. Over the years, the yacht coatings market has been undergoing continuous revolution, with useful advantages and eco-friendliness being the crucial points of focus for vendors. The expansion of yacht coatings goals customization that compromise benefits such as self-cleaning features and resistance, as well as customer fulfillment.

Global Yacht Coatings Market is expected to grow at ~12% CAGR during 2016-2022

Regional analysis:
The Global Yacht Coatings Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. The report covers Americas, APAC. It also covers the region of the global yacht coatings market and its growth visions in the coming years.

Global key players are focused in the invention of eco-friendly products to accomplish organic evolution. Moreover these market frontrunners are expending their achievement to enhance their regional existence over and done with mergers and acquisitions, with their crucial focus in developing economies and improving efficiency of productivity in various regions. In addition, Yacht coatings manufacturers continue to development new product, expend international offices and gain new contracts in key regions. But some restrains such as increasing cost of raw materials has been a strain on profits.

Europe, with large scale production and repairing industry of Yacht, will likely grasp influence the market during the forecast time. The existence of large scale production implies the yacht coatings market with a prominent amount of forward and backward incorporation across the production system. Hence Europe region remains the largest market for yacht coatings, followed by North America and APAC region which are comparatively a small market as compared to Europe. Asia Pacific will also have a major share of the overall industry owing to large scale shipbuilding production in Japan, China, Philippines, South Korea and Taiwan. China leads the shipbuilding industry followed by Japan, South Korea and Philippines. Rising consumer purchase parity in the U.S., North America, APAC, and Middle East countries will enhance the yacht demand in the coming years.

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The global yacht coatings market is expected to witness a growth in demand for the forecast period. Depending on geographic regions, Europe and North America are predicted to establish a considerable growth and will give to the global yacht coatings market value.

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) and others.

Segment Analysis
The global yacht coatings market has been segmented into types and application industries. On the basis of application, the market has been divided into fairing, surfacing, final priming & sealing, finishing, specialty applications, topcoat care & maintenance, hull, and other. Among these applications, hull and topcoat care & maintenance have cover the largest market followed by into fairing, surfacing, final priming & sealing and others.

Coating applied on the various surface of yacht such as antifouling, topside coatings and deck coatings. Antifouling coatings for shielding the under-water yacht hull from bugs. Topside coatings for the part above the waterline to shield from corrosion, UV light, and weathering and deck coatings to protect the surface and increase protection.

In the yacht coatings market, following key application segments into consideration i.e. Hull, Fillers, Primers Finishes, fairing, surfacing, final priming & sealing and others in which the hull segment is the fastest growing segment in the global yacht coatings market. The yacht coating constituents are categorized by types as epoxies, polyurethanes, ethyl silicates and others. Epoxy coating used as a primer to prevent corrosion and safeguard the adhesion of paints on yachts. Polyurethane coating or PU coatings on metal gives a thin layer, has superior resistance, abrasion, and chemical exposure, high gloss finish with unique enduring performance features. Polyurethanes coatings are usually used to topcoat high build epoxy. Zinc-rich inorganic coatings founded on ethyl silicate are slightly successful for the safeguard of steel against corrosion under severe exposing situations such as under- water, yacht atmosphere.

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New inventions and improvements in yacht coating market leading to top performing and high standard product has improved the durability coatings and therefore reduced the maintenance cost.

Surge In Demand Of Yacht Coatings Is Set For Potential Growth In Europe Market

Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Yacht Coating Market
5 Industry Overview Of Global Yacht Coating Market
Continue……….

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