Jul 28, 2022   SOURCE: BusinessWire

Leisure Anti fouling Coatings Market Report 2022: Trends & Growth Opportunities - Global Forecast till 2027 - ResearchAndMarkets.com

The "Leisure Anti fouling Coatings Market Report Size, Trends & Growth Opportunity, By Application, By Type, By Region and forecast till 2027" report has been added to ResearchAndMarkets.com's offering.

The Leisure Anti Fouling coating market forecast will surpass $2,099.6 million by 2027, increasing from $1,535 million in 2021, at a CAGR of 6.9%.

A type of specialized coating that is usually applied on ship or boat hulls to inhibit organism growth on the hull is called as Antifouling coating. It greatly affects its durability and performance due to the presence of organisms in this part of the vessel.

Market Drivers

Leisure Antifouling coating became a crucial critical business as a result of the necessity to import and fare products, which was sparked by globalisation particularly for the plan and development of maritime vessels.

To satisfy increased demand from Application, producers are focusing on microorganisms, plants, or green growth accumulate in its structure which is further called biofouling.

Moreover, as a growing number of countries throughout the world open their borders to global trade, demand for Leisure antifouling coating market products is expected to rise in the coming years.

Market Restraints

The environment-friendly nature of coatings market, as well as new-age antifouling coatings contain special chemicals such as biocides, organotin compounds, copper, are consider to be main reasons limiting the market's growth.

For instance, usage of chemicals containing tributyltin has been banned due to high level of toxicity.

However, Growing economies in developing nations, an increase in the number of coppers, has negative impacts on maritime flora and fauna, thus companies in this area are looking for ways to limit its use in Leisure antifouling coatings.

Regional Analysis

The Europe marine coatings market report provides an impartial and full analysis of the on-going European marine coatings market trends, high growth areas.

Overall Europe Marine Coatings Market share, United Kingdom has accounted major share in 2018 and is anticipated to lead during the forecast period. Also, Spain and Belgium are likely to be the main revenue-generating countries over the coming years.

Industry development

In December 2020, AkzoNobel N.V. is expanding its foothold in the North American yacht coatings market by acquiring New Nautical Coatings, the owner of the premium Sea Hawk brand.

In June 2020, BASF's new virtual AUVOTs show automotive coatings in a digital environment. One of the most complicated colour themes is automotive paint. BASF's Coatings division designers created virtual "AUVOT" (Automotive Vehicles of Trends) shapes to gain a realistic impression of colours, effects, and surfaces on a complete car during the early design phase.

In February 2020, Boero Yachtcoatings announces their technical partnership with the prestigious Yacht Club Italiano. A partnership which will offer support and visibility to various events such as regattas, cultural events and educational activities for everybody who is passionate about the sea and sailing.

Market Key Players

Some of the key players operating in Global Leisure Anti Fouling Coatings Market are

  • Akzo Nobel N.V.
  • BASF S.E.
  • Nippon Paint Marine Coatings Co. Ltd.
  • PPG Industries Inc
  • The Sherwin-Williams Company
  • Jotun
  • Hempel A/S
  • Chugoku Marine Paints Ltd.
  • Boero Yacht coatings
  • Kop-Coat Marine Group (Pettit Marine Paint)

Key Topics Covered:

1 Introduction

1.1 Objective of the Study

1.2 Market definition

1.3 Market Scope

2 Research Methodology

2.1 Data Mining

2.2 Validation

2.3 Primary Interviews

2.4 List of Data Sources

3 Executive Summary

4 Global Leisure Anti Fouling Coatings Market Outlook

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.4 Value Chain Analysis

5 Global Leisure Anti Fouling Coatings Market, By Type

5.1 Y-o-Y Growth Comparison, By Type

5.2 Global Leisure Anti Fouling Coatings Market Share Analysis, By Type

5.3 Global Leisure Anti Fouling Coatings Market Size and Forecast, By Type

5.3.1 Copper-based

5.3.2 Self-Polishing Copolymer

5.3.3 Hybrid

5.3.4 Others

6 Global Leisure Anti Fouling Coatings Market, By Applications

6.1 Y-o-Y Growth Comparison, By Applications

6.2 Global Leisure Anti Fouling Coatings Market Share Analysis, By Applications

6.3 Global Leisure Anti Fouling Coatings Market Size and Forecast, By Applications

6.3.1 Towboats

6.3.2 Fishing Boats

6.3.3 Sailboats

6.3.4 Cabin Cruisers

6.3.5 Pontoon Boats

6.3.6 Yachts

7 Global Leisure Anti Fouling Coatings Market, By Region

7.1 Global Leisure Anti Fouling Coatings Market Share Analysis, By Region

7.2 Global Leisure Anti Fouling Coatings Market Share Analysis, By Region

7.3 Global Leisure Anti Fouling Coatings Market Size and Forecast, By Region

For more information about this report visit https://www.researchandmarkets.com/r/ad784u