Leisure Boat Marine Coating Market By Boat Type, By Coatings: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Regulatory Guidelines
3.9. Market Share Analysis
3.10. Key Regulation Analysis
3.11. Patent Landscape

CHAPTER 4: LEISURE BOAT MARINE COATING MARKET, BY BOAT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Sailboats
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Personal Watercrafts (PWC)
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Inflatables
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: LEISURE BOAT MARINE COATING MARKET, BY COATINGS
5.1 Overview
5.1.1 Market size and forecast
5.2 Anti-fouling Coatings
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Anti-corrosion Coatings
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Foul Release Coatings
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: LEISURE BOAT MARINE COATING MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Boat Type
6.2.3 North America Market size and forecast, by Coatings
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Boat Type
6.2.4.1.2 Market size and forecast, by Coatings
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Boat Type
6.2.4.2.2 Market size and forecast, by Coatings
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Boat Type
6.2.4.3.2 Market size and forecast, by Coatings
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Boat Type
6.3.3 Europe Market size and forecast, by Coatings
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Boat Type
6.3.4.1.2 Market size and forecast, by Coatings
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Boat Type
6.3.4.2.2 Market size and forecast, by Coatings
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Boat Type
6.3.4.3.2 Market size and forecast, by Coatings
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Boat Type
6.3.4.4.2 Market size and forecast, by Coatings
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Boat Type
6.3.4.5.2 Market size and forecast, by Coatings
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Boat Type
6.3.4.6.2 Market size and forecast, by Coatings
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Boat Type
6.4.3 Asia-Pacific Market size and forecast, by Coatings
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Boat Type
6.4.4.1.2 Market size and forecast, by Coatings
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Boat Type
6.4.4.2.2 Market size and forecast, by Coatings
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Boat Type
6.4.4.3.2 Market size and forecast, by Coatings
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Boat Type
6.4.4.4.2 Market size and forecast, by Coatings
6.4.4.5 Australia
6.4.4.5.1 Market size and forecast, by Boat Type
6.4.4.5.2 Market size and forecast, by Coatings
6.4.4.6 Rest Of Asia Pacific
6.4.4.6.1 Market size and forecast, by Boat Type
6.4.4.6.2 Market size and forecast, by Coatings
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Boat Type
6.5.3 LAMEA Market size and forecast, by Coatings
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Boat Type
6.5.4.1.2 Market size and forecast, by Coatings
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Boat Type
6.5.4.2.2 Market size and forecast, by Coatings
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Boat Type
6.5.4.3.2 Market size and forecast, by Coatings
6.5.4.4 South Africa
6.5.4.4.1 Market size and forecast, by Boat Type
6.5.4.4.2 Market size and forecast, by Coatings
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Boat Type
6.5.4.5.2 Market size and forecast, by Coatings

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 PPG Industries, Inc.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 AkzoNobel
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 The Sherwin-Williams Company
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Nippon Paint Holdings Co., Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Kansai Paint Co.,Ltd.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Hempel A/S
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 KCC Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 BASF Coatings GmbH
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Axalta Coating Systems, Ltd.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Chugoku Marine Paints, Ltd.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Leisure Boat Marine Coating Market,' the leisure boat marine coating market was valued at $2 billion in 2021, and is estimated to reach $4 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031. Marine coating is applied to various boats including leisure boats to protect them from corrosion. These coatings are fundamentally divided into coatings that prevent fouling, and corrosion due to saline water, emit bad odors or have self-cleaning properties.

Marine coatings are known for their exceptional physical and chemical qualities. For instance, anti-fouling, is the most popular marine coating applied to leisure boats and is known for its durability and performance. The leisure boat marine coating minimizes the friction to boats thus increasing fuel efficiency and speed. In addition, significant developments in the shipbuilding industry owing to the growing popularity of recreational sports and leisure activities is anticipated to boost the leisure boat marine coating market size in the upcoming years.

However, the price fluctuation in the raw materials required for coating leisure boats is estimated to restrain the market expansion. This is because the cost associated with manufacturing and coating marine boats is directly linked to the price of raw materials which is volatile. These factors are estimated to restrict the leisure boat marine coating market share in the upcoming years.

Over the projection period, expanding shipbuilding operations are anticipated to open up new market possibilities. Due to the extreme weather conditions these ships and vessels must endure, there is a strong demand for repair and maintenance activities to keep the ships in operational shape. Additionally, the availability of inexpensive labor in China, India, and Vietnam is boosting the leisure boat marine coating market trend during the anticipated period of time. The popularity of watersports such as rafting, surfing, parasailing, and others is estimated to boost the leisure boat marine coating market forecast.

The global leisure boat marine coating market is segmented based on boat type, coatings, and region. By boat type, the market is segmented into sailboats, personal watercrafts (PWCs), and inflatables. By coatings, the market is classified into anti-fouling coatings, anti-corrosion coatings, foul release coatings, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the leisure boat marine coating market are PPG Industries, Inc., AkzoNobel, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co.,Ltd., Hempel A/S, KCC Corporation, BASF Coatings GmbH, Axalta Coating Systems, Ltd., and Chugoku Marine Paints, Ltd.

The report offers a comprehensive analysis of the global leisure boat marine coating market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. Furthermore, the report sheds light on the present scenario and upcoming trends & developments that are contributing to the market expansion. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of COVID-19 on the Global Leisure Boat Marine Coating Industry

The novel coronavirus pandemic had a severe impact on a number of businesses, including the market for leisure boat marine coating owing to the complete shutdown of recreational activities as well as the complete shutdown of manufacturing activities.

The leisure activities such as parasailing, scuba diving, and others were completely closed during the pandemic owing to the travel restrictions imposed across several countries. Numerous industrial plants closed during the first two quarters of 2020, which resulted in a labor shortage for businesses which has disrupted the entire supply chain.

Furthermore, COVID-19 impacted imports and exports, leading to a shortage of the equipment and raw materials required for marine coating. Prospective customers had to wait a long period as manufacturers focused on completing backlog orders.

Along with the boat sales, the income from services was also significantly impacted since small third-party vendors had to close their businesses as a result of the financial hardships caused by the lockout restrictions.

The delayed process of reopening the economy and the persistent restrictions on travel and visiting public places had led to decline in the demand for leisure boat marine coatings during the pandemic.

Key Findings of the Study

Based on boat type, the sailboats sub-segment emerged as the global leader in 2021, and the personal watercrafts (PWC) sub-segment is anticipated to be the fastest-growing sub-segment during the forecast period
Based on coatings, the anti-fouling coatings sub-segment emerged as the global leader in 2021, and it is estimated to show the fastest growth during the forecast period
Based on region, the Asia-Pacific market registered the highest market share in 2021 and it is predicted to show the fastest growth in the upcoming years.

Companies Mentioned

• Ppg Industries, Inc.
• Akzonobel
• the Sherwin-Williams Company
• Nippon Paint Holdings Co. Ltd.
• Kansai Paint Co.,Ltd.
• Hempel A/S
• Kcc Corporation
• Basf Coatings GmbH
• Axalta Coating Systems, Ltd.
• Chugoku Marine Paints, Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.