• aditya kaushal

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

#HullCoatings #YachtCoatings #marketforecast


HULL COATINGS MARKET

Global Hull Coatings Market Size and forecast 2019-2026_AKI Research
Ship hull coatings

"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.

Global Hull Coatings Market By Region %Share 2021_AKI Research
Global Hull Coatings Market By Region %Share 2026_AKI Research

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.


PreBook your full hull coatings market report at hello@akiresearch.com with your customized requirements and the latest market updates.


 

YACHT COATINGS MARKET


Global Yacht Coatings Market size 2019-2026_AKI Research

"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.

Global Yacht Coatings Market By Region %Share 2021_AKI Research
Global Yacht Coatings Market By Region %Share 2026_AKI Research

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


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.


PreBook your full yacht coatings market report at hello@akiresearch.com with your customized requirements and latest market updates.

 

Recent NEWS & Product Developments

The International Maritime Organization (IMO) has set a target to reduce the total annual GHG emissions by at least 50% by 2050 compared to the 2008 levels. The targets are decided as mentioned below.

  • Reduce carbon intensity by 40% by 2030

  • Reduce carbon intensity by 70% by 2050

  • Reduce GHG emissions by 50% by 2050

To accelerate the decarbonization of the marine industry, the coating manufacturers are improving their product quality and their performance measurements to achieve these sustainable environmental goals.


7th October 2021: AkzoNobel N.V. launched Intertrac HullCare, the marine industry’s most environmentally sustainable hull management package that offers new standards for operational efficiencies. A ten-year scheme option of this Hull care could provide step-change reductions in CO2 emissions of up to 34,000 tons and fuel savings of EUR 4.6million.


8th September 2021: PPG Industries launched the Sigma Sailadvance NX coating, which offers maximum hull protection and vessel performance in line with the requirements arising from International Maritime Organization (IMO) energy-efficiency measures. It provides ultra-premium performance and higher efficiency in fuel consumption and up to 15% CO2 savings.


11th October 2021: Jotun announced that they have signed a commercial agreement with U-Ming and SWS to adopt Jotun’s Hull Skating Solutions (HSS) for U-Ming’s 190,000 dwt dual fuel bulk carrier at the newbuilding stage. The U-Ming’s vessels will be delivered over the years 2022/2023 as expected.

 

We would also like to know your views and inputs on the current market scenario of hull coatings & yacht coatings in your country or region. Kindly leave your comments below.


Thank you for reading! Please #share if you find it useful.

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