Market Overview:
The global boat bottom paint 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 the increasing demand for leisure boats and commercial ships across the globe. In addition, factors such as rising awareness about environmental protection and growing investments in maritime infrastructure are also contributing to the growth of this market. Based on type, hard modified epoxy paint is expected to be the fastest-growing segment during the forecast period. This can be attributed to its superior properties such as high resistance to abrasion and corrosion, which make it suitable for use in marine applications. By application, commercial ship is expected to be the largest segment duringthe forecast period owingtothe increasing demand for maritime transportation services acrossthe globe.
Product Definition:
Boat bottom paint is a type of marine paint that is applied to the hull of a boat in order to protect it from corrosion and fouling. Boat bottom paint can also be used to improve the performance of the boat by reducing drag and increasing stability.
Hard Modified Epoxy Paint:
Hard modified epoxy paint is a two-part epoxy paint system that contains pigments and fillers. The hardener component in the formulation reacts with the water to form a semi-solid material called as “hard coat”. This coating is applied over a primer layer, which functions as an adhesion promoter, and also helps in improving the mechanical strength of paints.
Copolymer Ablative Paint:
Copolymer ablative paints are water-based paints, which contain a polymer resin base and are formulated to remove paint from the substrate by means of abrasion. Copolymer ablative paints exhibit superior properties such as high corrosion resistance, excellent adhesion and low volatile organic compound (VOC) content. These products find application in various end-use industries including transportation equipment, marine & coastal infrastructure and industrial machinery among others.
Application Insights:
The commercial ship application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for passenger ferries, cruise ships, and cargo ships across the globe owing to increasing tourism and trade activities.
The leisure boat application segment is expected register a significant growth rate over the forecast period owing to rising disposable income among consumers from emerging economies such as China, India & Brazil who prefer spending their vacation time on watercrafts rather than staying at hotels or resorts. This has resulted in increased demand for boats especially during summer vacations when people travel by sea along with their friends & families for fun-filled holidays on water bodies across Europe & North America regions.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries such as China, India, South Korea, Japan and Australia. Increasing disposable income coupled with growing awareness regarding marine recreational activities is projected to fuel regional growth during the forecast period.
The Asia Pacific economy has been witnessing strong economic growth on account of rapid industrialization and urbanization resulting in a large population shift towards coastal areas which are subsequently fueling up demand for leisure boats including fishing vessels and other watercrafts. This trend is anticipated to drive product adoption across various applications such as commercial shipbuilding, offshore structures construction among others over the next eight years.
Europe was estimated at USD X million in 2017 owing to high consumption from Germany (boat builders), U.K.
Growth Factors:
- Increasing demand for recreational boats
- Growing popularity of boat racing and other water sports
- Rising disposable income of consumers in developing countries
- Proliferation of marine paint manufacturers and dealers
- Technological advancements in boat bottom paint formulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Boat Bottom Paint Market Research Report
By Type
Hard Modified Epoxy Paint, Copolymer Ablative Paint, Aluminum Safe Bottom Paints, Thin Film Bottom Paints, Others
By Application
Commercial Ship, Leisure Boat, Others
By Companies
Adaptive Surface Technologies, Epaint, Flexdel Aquagard, Interlux, Pettit Paint, Rust-Oleum, Sea Hawk, TotalBoat, West Marine, Z-Spar, Zyrex
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 Boat Bottom Paint Market Report Segments:
The global Boat Bottom Paint market is segmented on the basis of:
Types
Hard Modified Epoxy Paint, Copolymer Ablative Paint, Aluminum Safe Bottom Paints, Thin Film Bottom Paints, 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
Commercial Ship, Leisure Boat, 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:
- Adaptive Surface Technologies
- Epaint
- Flexdel Aquagard
- Interlux
- Pettit Paint
- Rust-Oleum
- Sea Hawk
- TotalBoat
- West Marine
- Z-Spar
- Zyrex
Highlights of The Boat Bottom Paint 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:
- Hard Modified Epoxy Paint
- Copolymer Ablative Paint
- Aluminum Safe Bottom Paints
- Thin Film Bottom Paints
- Others
- By Application:
- Commercial Ship
- Leisure Boat
- 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 Boat Bottom Paint 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Boat Bottom Paint is a type of paint that is used to coat the bottom of boats. It helps protect the boat from damage and also makes it easier to clean.
Some of the key players operating in the boat bottom paint market are Adaptive Surface Technologies, Epaint, Flexdel Aquagard, Interlux, Pettit Paint, Rust-Oleum, Sea Hawk, TotalBoat, West Marine, Z-Spar, Zyrex.
The boat bottom paint market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Bottom Paint 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 Boat Bottom Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Bottom Paint 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 Boat Bottom Paint 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 Boat Bottom Paint Market Size & Forecast, 2020-2028
4.5.1 Boat Bottom Paint Market Size and Y-o-Y Growth
4.5.2 Boat Bottom Paint 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 Hard Modified Epoxy Paint
5.2.2 Copolymer Ablative Paint
5.2.3 Aluminum Safe Bottom Paints
5.2.4 Thin Film Bottom Paints
5.2.5 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 Commercial Ship
6.2.2 Leisure Boat
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Bottom Paint 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 Boat Bottom Paint 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 Hard Modified Epoxy Paint
9.6.2 Copolymer Ablative Paint
9.6.3 Aluminum Safe Bottom Paints
9.6.4 Thin Film Bottom Paints
9.6.5 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 Commercial Ship
9.10.2 Leisure Boat
9.10.3 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 Hard Modified Epoxy Paint
10.6.2 Copolymer Ablative Paint
10.6.3 Aluminum Safe Bottom Paints
10.6.4 Thin Film Bottom Paints
10.6.5 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 Commercial Ship
10.10.2 Leisure Boat
10.10.3 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 Hard Modified Epoxy Paint
11.6.2 Copolymer Ablative Paint
11.6.3 Aluminum Safe Bottom Paints
11.6.4 Thin Film Bottom Paints
11.6.5 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 Commercial Ship
11.10.2 Leisure Boat
11.10.3 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 Hard Modified Epoxy Paint
12.6.2 Copolymer Ablative Paint
12.6.3 Aluminum Safe Bottom Paints
12.6.4 Thin Film Bottom Paints
12.6.5 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 Commercial Ship
12.10.2 Leisure Boat
12.10.3 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 Hard Modified Epoxy Paint
13.6.2 Copolymer Ablative Paint
13.6.3 Aluminum Safe Bottom Paints
13.6.4 Thin Film Bottom Paints
13.6.5 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 Commercial Ship
13.10.2 Leisure Boat
13.10.3 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 Boat Bottom Paint Market: Competitive Dashboard
14.2 Global Boat Bottom Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adaptive Surface Technologies
14.3.2 Epaint
14.3.3 Flexdel Aquagard
14.3.4 Interlux
14.3.5 Pettit Paint
14.3.6 Rust-Oleum
14.3.7 Sea Hawk
14.3.8 TotalBoat
14.3.9 West Marine
14.3.10 Z-Spar
14.3.11 Zyrex
