South America Marine and Yacht Coatings Market is growing with factors such as growing number of ship building activities and increase in production of leisure boats and cruise ships also acts as a major factor for the growth of the market. High-end research and development in the formulation of coatings have also given a bloom to the South America marine and yacht coatings market.
Growing demand for antifouling yacht coatings propelled the demand of the market. However, the high cost of production of yacht have been restraining the market growth.
South America Marine and Yacht Coatings Market Scenario
According to Data Bridge Market Research, the market for South America marine and yacht coatings market in Brazil has the highest market share followed by Argentina and Colombia. Market leader is PPG Industries, Inc. which accounts an estimated market share of approximately 10.00% in the global market. The company has gained outstanding sale by providing novel marine and yacht coatings.
- In September 2021, PPG Industries, Inc. launched PPG SIGMA SAILADVANCETM NX coating, which is the latest addition to the successful PPG Sigma Sail advance range and a significant breakthrough in antifouling technology
Trends Impacting the Market
Now the question is which other regions PPG Industries, Inc., Akzo, Nobel N.V., and The Sherwin-Williams Company are targeting? Data Bridge Market Research has forecasted a large growth in South America marine and yacht coatings market and the market leaders are targeting Brazil and Argentina to be their next pocket revenue for 2021.
The South America marine and yacht coatings market is becoming more competitive with companies like BASF SE, Akzo Nobel N.V., Chugoku Marine Paints, Ltd., JOTUN, Axalta Coating Systems, Mascoat, Cabot Corporation, Carboline, PPG Industries, Inc., Hempel A/S, The Sherwin-Williams Company, and Dow amongst others are the top dominating companies in marine and yacht coatings market and have launched novel services and consumables in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the South America marine and yacht coatings market.
For more analysis on the South America marine and yacht coatings market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=south-america-marine-and-yacht-coatings-market
Marine and Yacht Coatings Market Developments
- In October 2021, Akzo Nobel N.V.’s International brand launched the marine industry’s most environmentally sustainable hull management package. Intertrac HullCare. This launch has helped the company to increase the product portfolio of the company
- In June 2021, Chugoku Marine Paints Ltd. Has launched a New Product which is Ultra low friction, hydrolysis antifouling coating named as "SEAFLO NEO M1 PLUS". It has outstanding antifouling performance utilising the patented technology with the special biocide Selektope, developed to excel performance against barnacle growth in addition to widely used cuprous oxide
Scope of Marine and Yacht Coatings Market
The South America marine and yacht coatings market is segmented into process type, resin type, technology, substrate type, form, purpose, application method, finish, distribution channel, application and end-use. On the basis of type, the South America marine and yacht coatings market is segmented into anti-corrosion, foul release, anti-fouling, anti-slip, primer, varnishes, chemical resistant, others. On the basis of resin type, the South America marine and yacht coatings market is segmented into polyurethane, epoxy, acrylic, alkyds and others. On the basis of technology, the South America marine and yacht coatings market is segmented into water borne, solvent borne. On the basis of substrate type, the South America marine and yacht coatings market is segmented into metal, concrete, fiberglass, wood, others. On the basis of form, the South America marine and yacht coatings market is segmented into liquid, pastes, films, aerosols, powder, others. On the basis of purpose, the South America marine and yacht coatings market is segmented into new builds and repair & maintenance. On the basis of application, method the South America marine and yacht coatings market is segmented into electrocoating, brushing, rollers, spraying, others. On the basis of finish, the South America marine and yacht coatings market is segmented into matt, semi-gloss and high-gloss. On the basis of distribution channel, the South America marine and yacht coatings market is segmented into online and offline. On the basis of application, the South America marine and yacht coatings market is segmented into stiffeners, overheads, interiors, pipes, engine rooms, walls and others. On the basis of end-use, the South America marine and yacht coatings market is segmented into container ships, cargo ships, offshore vessels, tankers, passenger ships, boats, yachts and others.
To know more about the study https://www.databridgemarketresearch.com/reports/south-america-marine-and-yacht-coatings-market
Key Pointers Covered in South America Marine and Yacht Coatings Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
- Market Value and Over View of Marine and Yacht Coatings Market
- Company profiling of top eight players of Marine and Yacht Coatings Market
Key Market Competitors Covered in the Report
- BASF SE
- Akzo Nobel N.V.
- CHUGOKU MARINE PAINTS, LTD.
- JOTUN, Axalta Coating Systems
- Mascoat
- Cabot Corporation
- Carboline
- PPG Industries, Inc.
- Hempel A/S
- The Sherwin-Williams Company
- Dow
Above are the key players covered in the report, to know about more and exhaustive list of marine and yacht coatings market companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=south-america-marine-and-yacht-coatings-market
Research Methodology: Marine and Yacht Coatings Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Pathologists, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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