Market Overview:
The global antifouling yacht coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for luxury yachts, rising awareness about the benefits of using antifouling yacht coatings, and technological advancements in the field of marine coatings. The global antifouling yacht coatings market can be segmented on the basis of type into copper-based, biocides, hybrid, and others. The copper-based segment is expected to hold a major share of the market during the forecast period owing to its high efficacy in preventing fouling formation on surfaces immersed in water.
Product Definition:
An antifouling yacht coating is a type of paint or sealant that is applied to the hull of a boat in order to prevent marine organisms from attaching and growing. These coatings are important because they can help extend the life of a boat by preventing corrosion and other damage caused by fouling organisms.
Copper Based:
Copper-based antifouling yacht coatings are used to prevent the growth of marine organisms on any surface of a ship or boat. These copper based antifouling yacht coatings are available in water-soluble as well as oil-soluble forms. Copper based antifouling yacht coatings have been found effective against various types of fouling including mussels, barnacles, and tube worms among others.
Biocides:
Biocides are used in the antifouling yacht coatings market to kill or remove the fouling such as mussels, barnacles and other marine organisms that adhere to a substrate and grow in numbers, thereby reducing its visibility. Biocides also prevent new fouling from occurring on a vessel. The most commonly used biocide is sodium hypochlorite which is an aqueous solution of 4% to 6% sodium hypochlorite (NaOCI).
Application Insights:
The market is segmented based on the application of antifouling yacht coatings into two categories, namely super yacht and other types. The super yacht segment held the largest share in 2017 and this trend is expected to continue over the forecast period. This can be attributed to growing demand for luxury services across various industries including tourism, hospitality, leisure and others.
Super yachts are generally larger than other types of yachts with a length ranging from 65 to 90 meters (213 ft -295 ft). These vessels are designed for long trips across deep water with a large number of guests along with crew members serving them food and beverages. Hence, these vessels require antifouling coatings that prevent fouling by barnacles so as to enhance their appearance as well as provide better protection against UV rays & environment damage.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of global antifouling yacht coatings market in terms of volume owing to increasing demand from China, India, South Korea, Japan and Taiwan. Increasing number of superyacht projects along with growing tourism industry is projected to drive product demand over the forecast period.
The European market growth can be attributed to rising marine tourism activities coupled with stringent regulations by European Union regarding water pollution caused by excessive use of biocides in yachting industry which has resulted into preference for antifouling yacht coatings as a substitute for biocides. Moreover, presence of countries such as U.K.
Growth Factors:
- Increasing demand for luxury yachts and boats
- Rising awareness about the benefits of using antifouling yacht coatings
- Growing popularity of boat racing and other water sports
- Technological advancements in the field of antifouling coatings
- Stringent environmental regulations governing the use of marine paints and coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Antifouling Yacht Coatings Market Research Report
By Type
Copper Based, Biocides, Hybrid, Others
By Application
Super Yacht, Sailing Yacht, Sport Yacht, Motor Yacht, Others
By Companies
Akzo Nobel N.V., PPG Industries, The Sherwin-Williams Company, BASF SE, Nippon Paint Marine Coatings Co., Ltd.(Nippon Paint), Jotun, Hempel A/S, Kansai Paint, Boero, Chugoku Marine Paints, Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Antifouling Yacht Coatings Market Report Segments:
The global Antifouling Yacht Coatings market is segmented on the basis of:
Types
Copper Based, Biocides, Hybrid, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super Yacht, Sailing Yacht, Sport Yacht, Motor Yacht, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel N.V.
- PPG Industries
- The Sherwin-Williams Company
- BASF SE
- Nippon Paint Marine Coatings Co., Ltd.(Nippon Paint)
- Jotun
- Hempel A/S
- Kansai Paint
- Boero
- Chugoku Marine Paints, Ltd
Highlights of The Antifouling Yacht Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Copper Based
- Biocides
- Hybrid
- Others
- By Application:
- Super Yacht
- Sailing Yacht
- Sport Yacht
- Motor Yacht
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Antifouling Yacht Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Antifouling yacht coatings are a type of coating that is applied to the exterior of a boat or ship to protect it from damage by marine organisms. The coating can be made up of various chemicals and materials, including oils, waxes, and polymers.
Some of the major companies in the antifouling yacht coatings market are Akzo Nobel N.V., PPG Industries, The Sherwin-Williams Company, BASF SE, Nippon Paint Marine Coatings Co., Ltd.(Nippon Paint), Jotun, Hempel A/S, Kansai Paint, Boero, Chugoku Marine Paints, Ltd.
The antifouling yacht coatings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Antifouling Yacht Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Antifouling Yacht Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Antifouling Yacht Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Antifouling Yacht Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Antifouling Yacht Coatings Market Size & Forecast, 2020-2028
4.5.1 Antifouling Yacht Coatings Market Size and Y-o-Y Growth
4.5.2 Antifouling Yacht Coatings Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Copper Based
5.2.2 Biocides
5.2.3 Hybrid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Super Yacht
6.2.2 Sailing Yacht
6.2.3 Sport Yacht
6.2.4 Motor Yacht
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Antifouling Yacht Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Antifouling Yacht Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Copper Based
9.6.2 Biocides
9.6.3 Hybrid
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Super Yacht
9.10.2 Sailing Yacht
9.10.3 Sport Yacht
9.10.4 Motor Yacht
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Copper Based
10.6.2 Biocides
10.6.3 Hybrid
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Super Yacht
10.10.2 Sailing Yacht
10.10.3 Sport Yacht
10.10.4 Motor Yacht
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Copper Based
11.6.2 Biocides
11.6.3 Hybrid
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Super Yacht
11.10.2 Sailing Yacht
11.10.3 Sport Yacht
11.10.4 Motor Yacht
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Copper Based
12.6.2 Biocides
12.6.3 Hybrid
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Super Yacht
12.10.2 Sailing Yacht
12.10.3 Sport Yacht
12.10.4 Motor Yacht
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Copper Based
13.6.2 Biocides
13.6.3 Hybrid
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Super Yacht
13.10.2 Sailing Yacht
13.10.3 Sport Yacht
13.10.4 Motor Yacht
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Antifouling Yacht Coatings Market: Competitive Dashboard
14.2 Global Antifouling Yacht Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel N.V.
14.3.2 PPG Industries
14.3.3 The Sherwin-Williams Company
14.3.4 BASF SE
14.3.5 Nippon Paint Marine Coatings Co., Ltd.(Nippon Paint)
14.3.6 Jotun
14.3.7 Hempel A/S
14.3.8 Kansai Paint
14.3.9 Boero
14.3.10 Chugoku Marine Paints, Ltd
