The Size of the Recreational Boat Marine Coatings Market Worth $4.0 Billion by 2031 |  CAGR: 7.3%: RAM

The Size of the Recreational Boat Marine Coatings Market Worth $4.0 Billion by 2031 | CAGR: 7.3%: RAM

Allied Market Research

The increase in the number of people engaging in recreational activities is driving the growth of the global recreational boat marine coatings market. By coatings, the antifouling coatings segment held the largest share in 2021. By region, on the other hand, Asia-Pacific would remain lucrative by 2031.

Portland, OR, Nov. 21, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the pleasure boat marine coating market was estimated to be worth $2 billion in 2021 and is projected to reach $4 billion by 2031, registering a CAGR of 7.3% from 2022 to 2031. The report provides a detailed analysis of major investment pockets, strategies most winning, drivers and opportunities, market size & estimates, competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.

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Report coverage and details:

Report cover

Details

Forecast period

2022–2031

Year of reference

2021

Market size in 2021

$2 billion

Market size in 2031

$4 billion

CAGR

7.3%

Number of pages in the report

305

Segments Covered

Type of boat, coverings and region.

Drivers

Increase in the number of people practicing recreational activities

Constraints

Fluctuations in the prices of raw materials needed to manufacture marine coatings

Opportunities

Develop shipbuilding activities around the world


Covid-19 scenario-

  • Volatile raw material prices due to import-export restrictions and closure of manufacturing units have had a negative impact on the global marine coating market for pleasure boats.

  • Travel restrictions imposed in several countries have resulted in the complete halt of all recreational and water activities such as scuba diving, surfing, rafting and others, affecting the demand for pleasure boats.

The global recreational boat marine coatings market is analyzed by boat type, coatings and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.

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By boat type, the sailboat segment garnered more than two-fifths of the total recreational boat marine coatings market share in 2021 and is expected to dominate by 2031. The personal watercraft segment, however, is said to project the highest CAGR fast 7.8% throughout the forecast period.

By coatings, the antifouling coatings segment held more than two-fifths of the global recreational boat marine coatings market revenue in 2021 and is expected to dominate by 2031. The same segment would also cite the Fastest CAGR 7.8% throughout the forecast period.

Based on region, the Asia-Pacific marine coating market for pleasure craft generated nearly two-fifths of the global share in 2021 and is expected to retain the lion’s share by 2031. The same region would also show the highest CAGR 7.8% faster over the forecast period. Other provinces analyzed in the report include North America, Europe and LAMEA.

The major market players analyzed in the global recreational boat marine coatings market report are Chugoku Marine Paints, Ltd., DuPont, PPG Industries, Inc., Axalta, NIPSEA GROUP, AkzoNobel, BASF Coatings GmbH, Katradis Marine Ropes Ind. SA, Barrel Coatings. , Kansai Paint Co., Ltd., Kcc Corporation and Mcu Coatings International. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance and developments of key players.

You want to access statistical data and graphs, strategies of the main players: https://www.alliedmarketresearch.com/leisure-boat-marine-coating-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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