Global Leisure Boat Marine Coating Market is accounted for $1.31 billion in 2020 and is expected to reach $2.52 billion by 2028 growing at a CAGR of 8.5% during the forecast period. The rising number of high net worth individuals (HNWI) across the globe, increasing per capita income of the individual, and growing interest of people in participating in various recreational activities are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the increasing recreational boats demand in developing countries, the rapid growth of tourism in South East Asian countries, which in turn, increasing the demand for recreational boats and the rising number of high-income individuals in China and Japan.
Some of the key players profiled in the Leisure Boat Marine Coating Market include Kansai Paint, Sherwin-Williams, RPM International Inc, Axalta Coating Systems, Nippon Paint, BASF Coatings GmbH, KCC Corporation, Jotun, Hempel Group, DuPont Coatings & Color Technologies, CHUGOKU MARINE PAINTS, Katradis Marine Ropes Industry S.A., Baril Coatings, MCU-Coatings, AkzoNobel and PPG Industries.
Products Covered in Leisure Boat Marine Coating Market
• Anti-Fouling Coatings
• Anti-Corrosion Coatings
• Foul Release Coatings
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