openPR Logo
Press release

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

12-20-2017 12:29 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

U.S. Leisure Boat Marine Coatings Market Size, by Product, 2013 – 2024 (USD Million)

U.S. Leisure Boat Marine Coatings Market Size, by Product, 2013 – 2024 (USD Million)

Leisure Boat Marine Coatings Market Size will likely surpass USD 1.9 billion by 2024; according to a new research report by Global Market Insights, Inc.

High growth in the Asia Pacific tourism sector will augment the leisure boat marine coatings market development in the forecast period. Asia Pacific continues to be one of the fastest growing tourism region in the world with tourist arrivals growing by close to 6% annually to reach 279 million in 2015 from 110 million in 2000. According to United Nations World Tourism Organization, this number will likely reach 535 million by 2030. China, Thailand, Hong Kong and Malaysia are the most visited tourist hot spots in the region. Japan, Australia, and Indonesia are also key tourist destinations in Asia Pacific. The rising popularity of recreational boating activities by tourists in the region will spur the leisure boat marine coatings market development. The region also provides a lot of unexplored destinations for recreational boating activities which will offer ample opportunities for the leisure boat marine coatings market to grow.

The hazardous nature of antifouling and anti-corrosion product types is a major source of concern among industry participants and may hamper the leisure boat marine coatings market growth in the forecast period. Antifouling product type contain toxic biocidal compounds such as copper, zinc and tributyltin (TBT) which gradually leach into the water to prevent formation of fouls in boats. Although, these products are of prime importance for increasing a boats speed and energy efficiency, their usage causes significant harm to the coastal environment. The use of anti-corrosion product type is also regulated according to the amount of volatile organic compound (VOC) emissions. These factors are likely to hinder the leisure boat marine coatings market growth as manufacturers will have to develop products that have lower environmental impact resulting in higher production costs.

Make an Inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2118

Browse key industry insights spread across 130 pages with 85 market data tables & 10 figures & charts from the report, “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” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/leisure-boat-marine-coatings-market

Foul release product segment of the leisure boat marine coatings market will grow by a CAGR of more than 7.5% in the forecast period. The segment will witness high growth due to the environmental friendly nature of the product which is likely to substitute anti-fouling products in the future. Foul release products use silicone technologies to create a super-smooth surface that is difficult for marine life to attach to. They provide significant advantages over the traditional anti-fouling types such as better performance, eco-friendliness, easy application, and lower maintenance, making it a popular segment in the leisure boat marine coatings market.

North America is the most significant leisure boat marine coatings market and will account for more than a quarter of the overall industry by 2024. U.S. and Canada have a large coastal area and recreational boating has been a popular activity in these countries. U.S. is a major manufacturer and exporter of recreational boats and yachts which makes it an ideal high potential leisure boat marine coatings market. Canada also has a significant product demand with boating being a popular hobby for its citizens. A National Marine Manufacturers Association (NMMA) of Canada study revealed that about a third of the country’s population participated in boating each year. These factors will drive the North American leisure boat marine coatings market which will grow by a CAGR exceeding 6.5% in the forecast period.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2118

AkzoNobel NV, Hempel A/S, Jotun, KCC Corporation, Chugoku Marine Paints, Nippon Paint, Kansai Paint Company, RPM International, The Sherwin-Williams Company, PPG Industries, MCU Coatings International, DuPont Coatings & Color Technologies, BASF Coatings GMBH, Katradis Marine Ropes Industry, Axalta Coating Systems, and Baril Coatings are the key participants in leisure boat marine coatings market.

Related Report:

Marine Coatings Market Size By Product (Anti-Fouling, Anti-Corrosion, Foul Release), By Application (Coastal, Containers, Deep Sea, Leisure Boats, Offshore Vessels), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/marine-coatings-market

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Leisure Boat Marine Coatings Market Share will likely grow by a CAGR of about 6.5% up to 2024. here

News-ID: 869849 • Views: 516

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for Coating

Epoxy Polyester Powder Coating Market Analysis & Forecast 2019 | Rapid Coat ,Co …
The research study presented here is a highly detailed and meticulous account of almost all key aspects of the Global Epoxy Polyester Powder Coating Market. It digs deep into market dynamics including growth drivers, challenges, restraints, trends, and opportunities. Market players can use the research study to tighten their grip on the global Epoxy Polyester Powder Coating market as they gain sound understanding of market competition, regional growth, segmentation, and
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Paint & Coating Market: PPG Industries, BASF, Axalta Coating Systems
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Paint & Coating Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Automotive Paint & Coating market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Paint & Coating production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Paint & Coating in
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Powder Coating Market, Powder Coating Market share, global Powder Coating Market …
High application scope in consumer goods, industrial and automotive applications will drive the powder coating market. Stringent government regulation regarding VOC emissions along with product features including emit less, ecofriendly and solvent free will fuel the industry growth. Expansion in the automotive & transportation industry particularly in the emerging nations will propel the powder coating market growth. Shifting trends towards reduction of heat requirement during the production process are the
Automotive Refinish Market Report 2018: Segmentation by Product (Waterbased Coat …
Global Automotive Refinish market research report provides company profile for Nipsea Group, Valspar Paint, KCC, Henkel, Nipponpaintholding, NOROO, Akzonobel, PPG Industries, Sherwin Williams, Basf Coatings and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.