Research and Markets - Global Yacht Coatings Market 2016-2021: Major Companies Include Akzo Nobel Coatings, BASF, PPG Industries, DuPont, Jotun, Engineering Marine Coatings LLC, Hempel, Chukogu Marine Paints and Valspar

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05 Apr, 2017, 15:30 GMT

DUBLIN, Apr. 05, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Yacht Coatings Market - Segmented by Technology, By Application Industry, and Geography - Trends and Forecasts (2016 - 2021)" report to their offering.

Yacht coatings are used primarily in the interiors and exteriors of yachts, majorly hulls of premium yachts, to protect it from moisture and microbes present in the water bodies. The coatings provide enhancement to the appearance of the yachts along with providing benefits such as self-cleaning and graffiti resistance.

Yacht coatings, owing to their excellent adhesion and anti-corrosive properties, increased durability on yachts, and aesthetic properties is becoming an integral part of various commercial sectors. In the yacht coatings market report, we have taken the following major application sectors into consideration: Hull, Fillers, Primers Finishes and Others. The Hull segment is the fastest growing segment in the market in 2015. According to the technology used in the production, the market has been segmented into Water-borne and Solvent-borne.

This market is driven by a number of factors, such as the Increase in the disposable income, huge growth in the marine coatings market and increased awareness on eco-friendly products. However, the market faces certain drawbacks, such as stringent government regulations and the projected decline of the ship-building Industry. These factors may act as a roadblock to the growth of the market.

Furthermore, the development of Nano4 Yacht coating technologies will offer numerous opportunities in the growth of the global yacht coatings market. Some of the major companies dominating this market for its products, services and continuous product developments are Akzo Nobel Coatings, BASF, PPG Industries, DuPont, Jotun, Engineering Marine Coatings LLC, Hempel, Chukogu Marine Paints and Valspar.

Market Dynamics

Drivers

  • Increased Spending on Luxury Products
  • Increased Focus on Eco-friendly Products

Constraints

  • Stringent Government Regulations
  • Declining Shipbuilding Industry

Opportunities

  • Growing Marine Coatings Market
  • New Coatings Technology
  • Rising Disposable Income

Companies Mentioned

  • Axalta Coatings System
  • Akzo Nobel
  • PPG Industries
  • Valspar
  • Dupont
  • Engineering Marine Coatings LLC
  • Hempel
  • Chukogu Marine Paints
  • BASF
  • Boero Bartolomeo S.p.A
  • Jotun

For more information about this report visit http://www.researchandmarkets.com/research/6sp8lr/global_yacht

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