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PMR Report- Yacht Coatings Market Sizing with Competitive Landscape by 2021

Press Release   •   Feb 13, 2017 02:26 EST

Yacht coatings offer defense for yachts from hazards such as UV radiation, moisture, microbes as well as enhance its appearance. The approximately one centimeter thick coating protects the steel and aluminium body of yacht from the extreme effect of harsh marine environments. Few of the major categories of yacht coatings are anti-fouling coatings, ceramic-based coatings and vinyl finishes.

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Ceramic-based coatings allow a yacht to go for five to 10 years without having to be repainted. High-gloss ceramics offers features like UV resistance, contaminant resistance, aesthetic appeal, increased gloss and relatively low maintenance. A large number of yachts have started using these coatings on stainless-steel rails, top coats, gelcoats, sea strainers, running gear, etc.

Another yacht coating product type is a vinyl finish. It is an increasingly popular alternative to the conventional methods such as paint and gel-coat. It is available in a variety of colours and textures such as digital print, leather effect, brushed aluminium, pearlescent, wood effect, matt and carbon effect.

Anti-fouling coatings are used on the underwater hulls of the vessels to eliminate the growth of fouling, which includes algae, slime, grass, and barnacles.

The total cost of this technology is high. When overall cost is taken into consideration, the yacht coatings represents one of the high cost involving components in yacht construction. Owning to this relatively high cost, maintenance becomes crucial. The development of yacht coatings aims for customization so as to offer various benefits like graffiti resistance, self-cleaning characteristics and customer satisfaction.

The yacht coating market is greatly dependent on the yacht manufacturing market. The market derives majority of its demand from the newly manufactured yachts. Since past few years, the yacht market growth has been slow due to extended build times and lower order numbers as a result of the Global Financial Crisis. This in turn has led to a slow growth of yacht coating market. However, both the markets are expected to see a great leap in next couple of years.

Some other factors driving the growth of the global yacht coatings market includes the rising demand for innovative and distinguished looks and appearance for private yacht and increasing number of sea transportation.

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New innovations and advancements in coating manufacturing market leading to high performing and high standard product has increased the life of coatings and thus reduced the maintenance cost. This is anticipated to negatively impact the growth of the global yacht coating market’s demand for maintenance, wash down and regular re-coating purpose.

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