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Yacht Coatings Market By Type, By Size: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 310 Pages
  • January 2024
  • Region: Global
  • Allied Market Research
  • ID: 5941252
Description Jump to:
The global yacht coating market is anticipated to reach $9.9 billion by 2032, growing from $5.5 billion in 2022 at a CAGR of 6.3% from 2023 to 2032.

Yacht coatings are essential components in the maritime industry, offering functionalities and advantages similar to marine coating systems used on ships and offshore structures. These coatings, applicable in both sea and freshwater environments, serve a dual purpose shielding the vessel's structure from deterioration while maintaining an aesthetically pleasing appearance.

Specifically designed for yachts, marine coatings offer superior corrosion protection to submerged materials, safeguarding vessels and yachts from the corrosive effects of seawater. In addition, these coatings act as a shield against abrasion, enhancing the overall durability and performance of the yacht. Antifouling paint, a key component in yacht coatings, is applied to the underwater hull to deter the attachment of organisms that can compromise the vessel's efficiency. The self-polishing mechanism's efficacy is dependent on the vessel's speed and activities. Studies indicate that the polishing rate of antifouling paint substantially decreases when stationary, making the vessel more susceptible to the colonization of micro- and macrofouling. As yachts often experience varying speeds and activities, the choice and application of yacht coatings become critical in maintaining optimal performance, longevity, and aesthetic appeal in diverse maritime conditions.

A restraint for the yacht coating market lies in the limited awareness and adoption of advanced coating technologies among yacht owners. Despite the benefits offered by innovations such as anti-fouling or eco-friendly coatings, a segment of the market may still prioritize traditional coatings or be unaware of the advantages offered by newer formulations. Overcoming this restraint requires concerted efforts in education and marketing to promote the long-term benefits and value proposition of advanced yacht coatings.

Scientists are exploring innovative and eco-friendly alternatives, leading to the proposal of enzyme-based antifouling paints. This bio-based approach aims to provide a non-accumulating solution that addresses environmental impact. A recent study investigated into testing a hydrogen peroxide-producing system designed for integration into marine coatings. Comprising hexose oxidase, glucoamylase, and starch, this system was meticulously assessed for the chemical and physical functionalities crucial for successful incorporation. Evaluations included testing the activity and stability of the enzymes in seawater at various temperatures. Paint compatibility was also a focal point, with scientists measuring the distribution and activity of the enzymes within prototype coating formulations. To enhance the antifouling system's stability and performance in marine-like conditions, a biomimetic encapsulation procedure for hexose oxidase (HOX) was employed. This process, utilizing polyethyleneimine-templated silica co-precipitation, significantly improved the overall efficacy of the antifouling system. The study represents a significant step toward developing environmentally conscious alternatives that balance effective antifouling capabilities with reduced environmental impact in ship hull coatings.

The COVID-19 pandemic significantly impacted the yacht coating market, disrupting manufacturing processes and leading to temporary closures of production facilities. This disruption resulted in a reduced supply of new yachts, affecting the demand for fresh coatings. Yacht manufacturers faced challenges in meeting coating needs, prompting a reevaluation of strategies within the industry. Despite these challenges, the post-pandemic period is witnessing a promising resurgence in the yacht coatings sector. The gradual recovery of global economies and the resurgence of various industries are contributing to a steady rebound in the demand for specialized yacht coatings, marking positive developments in the industry's trajectory.

The key players profiled in this report include AkzoNobel, Jotun, PPG Industries, Inc, Epifanes NA Inc, Boero Bartolomeo S.p.A, Alexseal Yacht Coatings, The Sherwin-Williams Company, Chugoku Marine Paints Ltd, Hempel UK Ltd., and Engineered Marine Coatings LLC. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and product launches.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the yacht coatings market analysis from 2022 to 2032 to identify the prevailing yacht coatings market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the yacht coatings market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global yacht coatings market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

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  • Product Benchmarking / Product specification and applications
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  • New Product Development/ Product Matrix of Key Players
  • Patient/epidemiology data at country, region, global level
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • SWOT Analysis

Key Market Segments

By Type

  • Anti-Fouling Coatings
  • Anti-Corrosion Coatings
  • Foul Release Coatings

By Size

  • Small Yacht (from 10 to 24 meters)
  • Large yachts (from 24 to 40 meters)
  • Super yachts (from 40 to 60 meters)
  • Mega yachts (Above 60 meters)

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Akzo Nobel N.V.
  • Jotun
  • PPG Industries, Inc.
  • Hempel A/S
  • Boero Bartolomeo S.p.A.
  • CHUGOKU MARINE PAINTS, LTD.
  • Engineered Marine Coatings LLC
  • BASF SE
  • DuPont

 

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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. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Market Share Analysis
3.6. Value Chain Analysis
3.7. Key Regulation Analysis
3.8. Patent Landscape
CHAPTER 4: YACHT COATINGS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Anti-Fouling Coatings
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Anti-Corrosion Coatings
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Foul Release Coatings
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: YACHT COATINGS MARKET, BY SIZE
5.1. Overview
5.1.1. Market size and forecast
5.2. Small Yacht (from 10 to 24 meters)
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Large yachts (from 24 to 40 meters)
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Super yachts (from 40 to 60 meters)
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Mega yachts (Above 60 meters)
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
CHAPTER 6: YACHT COATINGS MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Size
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Type
6.2.4.1.2. Market size and forecast, by Size
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Type
6.2.4.2.2. Market size and forecast, by Size
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Type
6.2.4.3.2. Market size and forecast, by Size
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Size
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Type
6.3.4.1.2. Market size and forecast, by Size
6.3.4.2. UK
6.3.4.2.1. Market size and forecast, by Type
6.3.4.2.2. Market size and forecast, by Size
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by Type
6.3.4.3.2. Market size and forecast, by Size
6.3.4.4. Spain
6.3.4.4.1. Market size and forecast, by Type
6.3.4.4.2. Market size and forecast, by Size
6.3.4.5. Italy
6.3.4.5.1. Market size and forecast, by Type
6.3.4.5.2. Market size and forecast, by Size
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Type
6.3.4.6.2. Market size and forecast, by Size
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Size
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Type
6.4.4.1.2. Market size and forecast, by Size
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by Type
6.4.4.2.2. Market size and forecast, by Size
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by Type
6.4.4.3.2. Market size and forecast, by Size
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Type
6.4.4.4.2. Market size and forecast, by Size
6.4.4.5. Australia
6.4.4.5.1. Market size and forecast, by Type
6.4.4.5.2. Market size and forecast, by Size
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Type
6.4.4.6.2. Market size and forecast, by Size
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Size
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Type
6.5.4.1.2. Market size and forecast, by Size
6.5.4.2. UAE
6.5.4.2.1. Market size and forecast, by Type
6.5.4.2.2. Market size and forecast, by Size
6.5.4.3. Saudi Arabia
6.5.4.3.1. Market size and forecast, by Type
6.5.4.3.2. Market size and forecast, by Size
6.5.4.4. South Africa
6.5.4.4.1. Market size and forecast, by Type
6.5.4.4.2. Market size and forecast, by Size
6.5.4.5. Rest of LAMEA
6.5.4.5.1. Market size and forecast, by Type
6.5.4.5.2. Market size and forecast, by Size
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
8.1. Akzo Nobel N.V.
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.2. Jotun
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.3. PPG Industries, Inc.
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.4. Hempel A/S
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.5. Boero Bartolomeo S.p.A.
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.6. CHUGOKU MARINE PAINTS, LTD.
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.7. Engineered Marine Coatings LLC
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.8. BASF SE
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.9. DuPont
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
List of Tables
Table 01. Global Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 02. Yacht Coatings Market for Anti-Fouling Coatings, by Region, 2022-2032 ($Million)
Table 03. Yacht Coatings Market for Anti-Corrosion Coatings, by Region, 2022-2032 ($Million)
Table 04. Yacht Coatings Market for Foul Release Coatings, by Region, 2022-2032 ($Million)
Table 05. Global Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 06. Yacht Coatings Market for Small Yacht (From 10 to 24 Meters), by Region, 2022-2032 ($Million)
Table 07. Yacht Coatings Market for Large Yachts (From 24 to 40 Meters), by Region, 2022-2032 ($Million)
Table 08. Yacht Coatings Market for Super Yachts (From 40 to 60 Meters), by Region, 2022-2032 ($Million)
Table 09. Yacht Coatings Market for Mega Yachts (Above 60 Meters), by Region, 2022-2032 ($Million)
Table 10. Yacht Coatings Market, by Region, 2022-2032 ($Million)
Table 11. North America Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 12. North America Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 13. North America Yacht Coatings Market, by Country, 2022-2032 ($Million)
Table 14. U.S. Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 15. U.S. Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 16. Canada Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 17. Canada Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 18. Mexico Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 19. Mexico Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 20. Europe Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 21. Europe Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 22. Europe Yacht Coatings Market, by Country, 2022-2032 ($Million)
Table 23. Germany Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 24. Germany Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 25. UK Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 26. UK Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 27. France Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 28. France Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 29. Spain Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 30. Spain Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 31. Italy Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 32. Italy Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 33. Rest of Europe Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 34. Rest of Europe Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 35. Asia-Pacific Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 36. Asia-Pacific Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 37. Asia-Pacific Yacht Coatings Market, by Country, 2022-2032 ($Million)
Table 38. China Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 39. China Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 40. Japan Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 41. Japan Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 42. India Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 43. India Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 44. South Korea Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 45. South Korea Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 46. Australia Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 47. Australia Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 48. Rest of Asia-Pacific Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 49. Rest of Asia-Pacific Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 50. LAMEA Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 51. LAMEA Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 52. LAMEA Yacht Coatings Market, by Country, 2022-2032 ($Million)
Table 53. Brazil Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 54. Brazil Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 55. UAE Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 56. UAE Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 57. Saudi Arabia Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 58. Saudi Arabia Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 59. South Africa Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 60. South Africa Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 61. Rest of LAMEA Yacht Coatings Market, by Type, 2022-2032 ($Million)
Table 62. Rest of LAMEA Yacht Coatings Market, by Size, 2022-2032 ($Million)
Table 63. Akzo Nobel N.V.: Key Executives
Table 64. Akzo Nobel N.V.: Company Snapshot
Table 65. Jotun: Key Executives
Table 66. Jotun: Company Snapshot
Table 67. Ppg Industries, Inc.: Key Executives
Table 68. Ppg Industries, Inc.: Company Snapshot
Table 69. Hempel A/S: Key Executives
Table 70. Hempel A/S: Company Snapshot
Table 71. Boero Bartolomeo S.P.A.: Key Executives
Table 72. Boero Bartolomeo S.P.A.: Company Snapshot
Table 73. Chugoku Marine Paints, Ltd.: Key Executives
Table 74. Chugoku Marine Paints, Ltd.: Company Snapshot
Table 75. Engineered Marine Coatings LLC: Key Executives
Table 76. Engineered Marine Coatings LLC: Company Snapshot
Table 77. BASF SE: Key Executives
Table 78. BASF SE: Company Snapshot
Table 79. Dupont: Key Executives
Table 80. Dupont: Company Snapshot
List of Figures
Figure 01. Yacht Coatings Market, 2022-2032
Figure 02. Segmentation of Yacht Coatings Market,2022-2032
Figure 03. Top Impacting Factors in Yacht Coatings Market
Figure 04. Top Investment Pockets in Yacht Coatings Market (2023-2032)
Figure 05. Bargaining Power of Suppliers
Figure 06. Bargaining Power of Buyers
Figure 07. Threat of Substitution
Figure 08. Threat of Substitution
Figure 09. Competitive Rivalry
Figure 10. Global Yacht Coatings Market:Drivers, Restraints and Opportunities
Figure 11. Impact of Key Regulation: Yacht Coatings Market
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Yacht Coatings Market, by Type, 2022 and 2032(%)
Figure 15. Comparative Share Analysis of Yacht Coatings Market for Anti-Fouling Coatings, by Country 2022 and 2032(%)
Figure 16. Comparative Share Analysis of Yacht Coatings Market for Anti-Corrosion Coatings, by Country 2022 and 2032(%)
Figure 17. Comparative Share Analysis of Yacht Coatings Market for Foul Release Coatings, by Country 2022 and 2032(%)
Figure 18. Yacht Coatings Market, by Size, 2022 and 2032(%)
Figure 19. Comparative Share Analysis of Yacht Coatings Market for Small Yacht (From 10 to 24 Meters), by Country 2022 and 2032(%)
Figure 20. Comparative Share Analysis of Yacht Coatings Market for Large Yachts (From 24 to 40 Meters), by Country 2022 and 2032(%)
Figure 21. Comparative Share Analysis of Yacht Coatings Market for Super Yachts (From 40 to 60 Meters), by Country 2022 and 2032(%)
Figure 22. Comparative Share Analysis of Yacht Coatings Market for Mega Yachts (Above 60 Meters), by Country 2022 and 2032(%)
Figure 23. Yacht Coatings Market by Region, 2022 and 2032(%)
Figure 24. U.S. Yacht Coatings Market, 2022-2032 ($Million)
Figure 25. Canada Yacht Coatings Market, 2022-2032 ($Million)
Figure 26. Mexico Yacht Coatings Market, 2022-2032 ($Million)
Figure 27. Germany Yacht Coatings Market, 2022-2032 ($Million)
Figure 28. UK Yacht Coatings Market, 2022-2032 ($Million)
Figure 29. France Yacht Coatings Market, 2022-2032 ($Million)
Figure 30. Spain Yacht Coatings Market, 2022-2032 ($Million)
Figure 31. Italy Yacht Coatings Market, 2022-2032 ($Million)
Figure 32. Rest of Europe Yacht Coatings Market, 2022-2032 ($Million)
Figure 33. China Yacht Coatings Market, 2022-2032 ($Million)
Figure 34. Japan Yacht Coatings Market, 2022-2032 ($Million)
Figure 35. India Yacht Coatings Market, 2022-2032 ($Million)
Figure 36. South Korea Yacht Coatings Market, 2022-2032 ($Million)
Figure 37. Australia Yacht Coatings Market, 2022-2032 ($Million)
Figure 38. Rest of Asia-Pacific Yacht Coatings Market, 2022-2032 ($Million)
Figure 39. Brazil Yacht Coatings Market, 2022-2032 ($Million)
Figure 40. UAE Yacht Coatings Market, 2022-2032 ($Million)
Figure 41. Saudi Arabia Yacht Coatings Market, 2022-2032 ($Million)
Figure 42. South Africa Yacht Coatings Market, 2022-2032 ($Million)
Figure 43. Rest of LAMEA Yacht Coatings Market, 2022-2032 ($Million)
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Yacht Coatings Market
Figure 47. Top Player Positioning, 2022

Companies Mentioned

  • Akzo Nobel N.V.
  • Jotun
  • PPG Industries, Inc.
  • Hempel A/S
  • Boero Bartolomeo S.p.A.
  • CHUGOKU MARINE PAINTS, LTD.
  • Engineered Marine Coatings LLC
  • BASF SE
  • DuPont

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.

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