Yacht Coatings Market By Type, By Size (Small Yacht, Large yachts, Super yachts, Mega yachts ): Global Opportunity Analysis and Industry Forecast, 2023-2032

List of Tables

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
Upcoming/New Entrant by Regions
Technology Trend Analysis
Market share analysis of players by products/segments
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

Product Code: A61505

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