Global Boat Primer Market Overview:
A boat primer is a product developed to provide adhesion and finishing to the boat that is to be painted. Boat primers can be either one or two-component products. The primers can be chosen based on the degree of hardness, their waterproofing properties, adhesion properties to different substrates, anti-corrosive properties, ease of application, and volume solids/high build properties. The United States paint and coatings industry include manufacturers, raw materials suppliers, and distributors. Raw materials for paints and coatings are derived not only from fossil fuels and minerals but also from natural products, such as clays, tree saps, and vegetable oils. Petrochemicals are still among the most critical raw material, and the industry is seriously affected by petrochemical shortages and price fluctuations. Some of the players profiled in the study are PPG Industries (United States), Sea Hawk (United States), Rust-Oleum (United States), Total Boat (United States), AkzoNobel (Netherlands), Attiva Marine (Italy), Boero (Italy), JOTUN (Norway), Marlin Yacht Paints (Italy) and Nautix (France).
On the basis of geography, the market of Boat Primer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Anti-Corrosion will boost the Boat Primer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin, the sub-segment i.e. Epoxy will boost the Boat Primer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Boat Primer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Boat Repairing and Overhaul Demand
- Upcoming Shipbuilding Projects and Plans
Influencing Trend
- Nanotechnology-Based Nano Marine Primer
Restraints
- Fluctuation in Oil and Petroleum Products
- Strict Environmental Regulations Pertaining To Marine Coatings
Opportunities
- Increasing Demand from the Marine Industries
- Advancements in Marine Coating Technologies
Challenges
- Choosing Right Primer is the Biggest Challenge
Key Market Developments:
In 2020, PPG Industries has announced that it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel, N.V., and Amsterdam, in a deal valued at USD 1.05 billion.
On September 23, 2019, AkzoNobel launched Awlgrip HDT (High Definition Technology), a new single-stage repairable topcoat. Awlgrip HDT is a high performance, mirror-like single-stage coating that allows owners to protect their boat with a stunning, long-lasting finish, all without sacrificing convenience.
Target Audience:
Boat Primer Manufacturers, Raw Material Supplier, Traders/Distributors/Exporters/Importers, Industry Bodies & Associations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Boat Primer market on the basis of product [One Component and Two-Component] , application [Metal, Wood, Fiberglass and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Boat Primer market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Boat Primer industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Altex Coatings Ltd. (New Zealand), Norglass (Australia), W. Heeren & Zoon BV (Netherlands), Chugoku Paints B.V. (Netherlands) and Plastimo (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Boat Primer market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.