South America Marine and Yacht Coatings Market is expected to grow with the CAGR of 5.1% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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South America marine and yacht coatings market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in South America marine and yacht coatings are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

• 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

PPG Industries, Inc. is the dominating player in South America marine and yacht coatings market. The other key players existing in the market are BASF SE, Akzo Nobel N.V., Chugoku Marine Paints, Ltd., Jotun, Axalta Coating Systems, Mascoat, Cabot Corporation, Caroline, PPG Industries, Inc., Hempel A/S, The Sherwin-Williams Company, and Dow amongst others.

PPG Industries, Inc.

PPG Industries, Inc. headquarters is in Pennsylvania, U.S. and was founded in 1883. The company engaged in the manufacturing of basic and industrial chemicals, decorative paints, industrial refinishing products, coatings. The company operates its business via several business segments including performance coatings and industrial coatings. The company has several product & service categories including aerospace, architectural coatings, automotive OEM coatings, automotive refinish, industrial coatings, packaging coatings, protective and marine coatings, specialty coatings and materials, coatings services in which protective and marine coatings is the market focused category.

For instance,

• 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

The company has wide presence across North America, South America Asia-Pacific, Europe, Middle East and Africa. The company also has various subsidiary companies JCommex Group (Mexico), Glidden (U.S.), Dyrup A/S (U.S.), PPG Asian Paints Pvt ltd (India), PPG Architectural Coating UK (U.K.) amongst others.

Akzo Nobel N.V.

Akzo Nobel N.V., was founded in the year 1994, and is headquartered in Amsterdam, Netherlands, Israel. The company focuses in production and distribution of coatings. The company operates its business via several business segments decorative paints and performance coatings in which performance coatings is the market focused segment.

The company has product categories which are chemical manufacturing, decorative paints, automotive and specialty coatings, industrial coatings, marine, protective and yacht coatings, powder coatings amongst others in which marine, protective and yacht coatings is the market focused category.

For instance,

• In October 2021, Akzo Nobel N.V.'s International brand launched the marine industry's most environmentally sustainable hull management package, the Intertrac HullCare. The launch has helped the company to increase its product portfolio of the company

The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America. The company also has various subsidiaries including International Paint (U.K.), Tintas Coral Ltda (Brazil), Mapero SAS (France), Kayaku Akzo Corporation (Japan), Canadian Industries Limited (Canada) among others.

The Sherwin-Williams Company.

The Sherwin-Williams Company was founded in the year 1866 and is headquartered in Ohio, U.S. The company focuses on paint and coating manufacturing and distribution. The company operates its business via several business segments including the Americas group, consumer brands group, performance coatings group, and administrative. in which the Americas group, consumer brands group, performance coatings group is the market focused segment.

The company has product categories which are bridge and highway, fire protection, food and beverage, high performance flooring, high temperature, marine, mining, oil and gas, pharmaceutical, power generation, rail, steel, fabrication, water and wastewater, and equipment & supplies and marine is the market focused category.

For instance,

• In December 2020, The Sherwin-Williams Company's Protective & Marine sector introduced rapid curing technology to reduce structural steel protection application time and labor costs significantly. It has helped the company to widen its product portfolio in marine sector coating

The company has presence across Asia-Pacific, Europe, Middle East and Africa, South America, North America. The company also has various subsidiaries including Valspar (U.S.), Sayerlack (Italy), Minwax (U.S.), Ronseal (U.S.), Pinturas Condor S.A. (Pichincha) among others.