Market Forecast to 2026: Global Hull Coatings, and Yacht Coatings Market

This episode is also available as a blog post: https://www.akiresearch.com/post/hull-coatings-yacht-coatings-market

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https://akiresearchblog.wordpress.com/2022/02/22/market-forecast-to-2026-global-hull-coatings-and-yacht-coatings-market/

#HullCoatings #YachtCoatings #marketforecast

HULL COATINGS MARKET

The Global Hull Coatings Market is estimated to value USD 3,493.49 million in 2021. The market had a declined rate of 7.82% in 2020 from 2019 due to pandemic effects across the global market. However, the global hull coatings market is poised to grow at a CAGR of 5.63% over the forecast period 2021-2026." - AKI Research

By region, in 2021, Asia-Pacific accounted for the largest market share in the global hull coatings market (i.e. about 33.25%) followed by Europe and North America. Over the forecast period, the Asia-Pacific region will have the highest CAGR of 6.99% followed by Europe (5.47%) and North America (4.87%). It is forecast that Asia-Pacific will remain to be the largest market in hull coatings over the forecast period. It is due to the increasing demand from the countries like China, South Korea, India, Japan, Australia & New Zealand, etc., and the region will have an incremental market size growth of about USD 466.70 million.

The key market segmentation details of hull coatings are here: https://www.akiresearch.com/reports/hull-coatings-market

Key players in the global hull coatings market study include AkzoNobel N.V., PPG Industries Inc., Jotun, Hempel, Chugoku Marine Paints, Ltd, Boero Bartolomeo SpA, Axalta Coating Systems, Sherwin-Williams Company, NIPSEA GROUP, Baril Coatings, Kansai Paint Co. Ltd., KCC Corporation, MCU-Coatings International, etc. among others.

YACHT COATINGS MARKET

"The Global Yacht Coatings Market is estimated to value USD 2,236.20 million in 2021. The market had a declined rate of 7.44% in 2020 from 2019 due to pandemic effects across the global market. However, the global yacht coatings market is poised to grow at a CAGR of 7.06% over the forecast period 2021-2026." - AKI Research

By region, in 2021, Europe accounted for the largest market share in the global yacht coatings market (i.e. about 30.12%) followed by North America and Asia-Pacific. Over the forecast period, the Asia-Pacific region will have the highest CAGR of 8.49% followed by Europe (7.01%) and North America (6.46%). It is forecast that Europe will remain to be the largest market in yacht coatings over the forecast period. However, the Asia-pacific region will have the highest incremental market size growth of about USD 310.40 million over the forecast period owing to the increasing demand from the countries like China, South Korea, India, Japan, Australia & New Zealand, etc.

Key players in the global yacht coatings market study include Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Sherwin-Williams Company, Chugoku Marine Paints Ltd., Hempel A/S, Nippon Paint, Alexseal Yacht Coatings, Epifanes NA Inc., BOERO BARTOLOMEO S.p.A., Engineered Marine Coatings, LLC, etc. among others.