To 2024, Leisure Boat Marine Coatings Market to grow at a CAGR of over 6.5%
Oct 15, 2019
Estimates suggest the foul-release leisure boat marine coatings market size to record a CAGR of 7.5% over the period of 2017-2024.
Selbyville, United States - October 15, 2019 /MarketersMedia/ —
The aforementioned statistics further depicts the enormous growth potential of APAC leisure boat marine coatings market. Besides, the region being one of the fastest growing tourism spot, is another compelling factor providing a substantial push to APAC market trends. As per UNWTO (World Tourism Organization), the tourist arrival in Asia Pacific will hit 535 million by 2030, with China, Thailand, and Malaysia witnessing a humongous development in the tourism sector.
Another prominent factor fueling the worldwide leisure boat marine coatings market size is the exponentially increasing popularity of recreational water activities. The recreational businesses, over the recent years, have seen a vivid uptick and are expected to witness similar growth trends in the coming timeframe, with the massively rising popularity of water sports, adventure boating, and recreational boating activities. The leisure boating being the mainstay for recreational activities, has overtly witnessed a widespread demand at a global scale, impelling the overall leisure boat marine coatings industry share.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2118
The hazardous chemical coating application such as antifouling product and anti-corrosion products which contains high toxic biocidal chemical substances harmful for aquatic ecosystem is likely to hinder the growth of the market. However, these coating offers energy efficiency enhancing the speed of vessels.
Foul release coating product will grow at CAGR of 7.5% over the coming years. This product offer advantages over conventional anti-fouling products such as high performance, lower maintenance, eco-friendly and easy application to the surface area. Further its eco-friendly properties will substitute traditional anti-fouling products over the coming years.
Speaking of the strategic landscape, the leisure bat marine coatings market is overt to be strongly influenced by sustainability and eco-friendly trends over the coming years. In this regard, one of the rather debatable trends is the surge in the demand for anti-fouling leisure boat marine coatings industry, where the product is deemed to have hazardous impact on marine ecosystem. The segment is claimed to have held more than 40% of the market’s product landscape in 2016 and is further expected to record a CAGR of 6% over the coming seven years. Owing to the negative impacts of anti-fouling products on the environment and marine system, foul-release products may witness remarkable proceeds over the coming years. Estimates suggest the foul-release leisure boat marine coatings market size to record a CAGR of 7.5% over the period of 2017-2024. The trend further underlines the emerging product trends in the leisure boat marine coatings industry which would majorly revolve around the sustainability and pricing quotients.
Browse key industry insights spread across 130 pages with 85 market data tables & 10 figures & charts from the report, “Leisure boat marine coatings market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/leisure-boat-marine-coatings-market
Speaking of which, some of the renowned names in the leisure boat marine coatings market include AkzoNobel, Hempel A/S, KCC Corporation, Nippon Paint, Kansai Paint Company, Jotun, Chugoku Marine Paints, The Sherwin-Williams Company, RPM International, PPG Industries, DuPont Coatings & Color Technologies, Katradis Marine Ropes Industry, BASF Coatings GMBH, and Axalta Coating Systems.
The aforementioned trends depict quite a lucrative roadmap for the leisure boat marine coatings market. The landscape is highly characterized by a slew of product developments in sync with the eco-friendly and sustainability trends coupled with the myriad range of geographies betting big on the revenue share. In terms of commercialization, Global Market Insights, Inc. projects the global leisure boat marine coatings industry size to hit a valuation of USD 1.9 billion by 2024.
Glimpse of Table of Content (ToC)
Chapter 4. Leisure Boat Marine Coatings Market, By Product
4.1. Global leisure boat marine coatings market share by product, 2016 & 2024
4.2. Anti-fouling coatings
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Anti-corrosion coatings
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Foul release coatings
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecasts, 2013 - 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/leisure-boat-marine-coatings-market
About Global Market Insights:
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 Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/leisure-boat-marine-coatings-market
Source URL: https://marketersmedia.com/to-2024-leisure-boat-marine-coatings-market-to-grow-at-a-cagr-of-over-65/88928047
Source: MarketersMedia
Release ID: 88928047
More News
/file/publisher-c1a3f893382d2b2f8a9aa22a654d9c97/2020/01/485bcef23365db96d6cc24d50d2c017e.jpg)
MOE to probe school meal tender allegations, ready to cooperate with MACC
Allegations of cartel or collusion must be assessed based on facts, evidence - ministry DG.
WATCH: US War chief Hegseth arrives in PH for ASEAN defense meeting
United States Secretary of War Pete Hegseth arrived in the Philippines on Tuesday night to attend the ASEAN Defense Ministers" Meeting-Plus (ADMM-Plus).
Chinese ships seen near Bajo de Masinloc amid fuel aid mission for Filipino fishers
Chinese Coast Guard and People's Liberation Army Navy (PLAN) ships were seen near Bajo de Masinloc during a Philippine government mission to deliver fuel assistance to Filipino fishermen on Tuesday, the Philippine Coast Guard (PCG) said Wednesday.
Saudi’s biggest oil refinery hit with missile, say Yemen’s Houthis
Intensifying hostilities between Yemen and Saudi Arabia further disrupt oil supplies and heighten the risk of a wider regional conflict, eight months since the Iran war began
Indonesian city runs free oxygen buses as country's worst fires in over decade choke residents
Palangka Raya, a city on Indonesian Borneo, is running free buses fitted with oxygen tanks to help residents choking on haze from the country's most intense forest fires in more than a decade.
/file/attachments/orphans/453234432234324_895682.png)
YOURSAY | When loyalty to institution takes precedence over people's lives
'Those wearing a badge seem to be beyond reproach.’
/file/attachments/orphans/JabatanSiasatanJenayah-JSJPDRM1_420550.png)
Bukit Aman probing Noorizwan's death, vows no 'cover up'
CID chief says case probed under Section 331 of the Penal Code.
Glaiza De Castro stays active during pregnancy, prepares for 'biggest workout of my life'
Glaiza De Castro opened up about the physical, emotional, and mental changes she has experienced during pregnancy as she prepares to welcome her first child.
Hegseth likely to face questions on US role in Indo-Pacific at ASEAN summit
As the Iran war strains US military readiness and tension rises with China, the Pentagon says Hegseth's attendance at the gathering in Cebu would reaffirm Washington’s commitment to 'peace through strength' in the Pacific
CBCP president urges scrutiny of P190B in House budget insertions
MANILA, Philippines — The president of the Catholic Bishops’ Conference of the Philippines (CBCP) has called on the House to explain the nearly 7,000 infrastructure projects worth P190 billion that were added to the proposed 2027 national budget without publicly available supporting documents. In a statement on Monday, Oct. 26, CBCP president Bishop Pablo Virgilio
S'wak seeks more flights, express bus trips ahead of state polls
State govt says many Sarawakians work in the peninsula, Singapore, and Sabah, and may face difficulties travelling.
_2026_10_27_12_51_47.jpg)
Your horoscopes for love and relationships for Oct. 26-31, 2026
Love readings for this week for every astro sign!
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.