Yacht Coatings Market | Size, Challenges, Key Vendors, Drivers and Trends by Forecast to 2027

 

Market Overview:

Industrial batteries are mechanically designed to endure harsh environments for a prolonged period of time while surviving thousands of recharge cycles and operating under a wide temperature range. Industrial batteries find application in core industries such as Power, Oil & Gas, Steel, Cement, Telecom, Railways, Urban Metro, IT, Financial Institutions, and Non-Conventional Energy Systems. Expansion of key end-user industries translates growth into the global Industrial Batteries Market. The global Industrial Batteries Market is expanding at a torrid pace and is likely to scale to a significant valuation over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in a thoroughly studied report.

The fourth industrial revolution represents mammoth growth opportunities to the global Industrial Batteries Market. Batteries are an absolute essential for the industrial revolution as they facilitate energy storage on a mass scale. Growing electrification projects across the globe are also likely to augment the growth of the global Industrial Batteries Market.

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The automotive industry is a major end-user for industrial batteries and generates huge demand which can be credited for the growth of the market. A huge chunk of the global electrical batteries market demand id earmarked for the electric vehicles sector where lithium-ion batteries are used to electric power vehicles.

Advancement of battery technology has resulted in the development of industrial batteries which can withstand harsher conditions, resist extreme temperatures, and are ultra small. Design improvements allow industrial batteries to deliver long-life operation along with high cycle rate and lower self-discharge.

Other factors contributing to the market growth include growing infrastructural activities across the globe, especially in the emerging economies and rapid urbanization. On the downside, the growth of the global Industrial Batteries Market is expected to be impeded by the implementation of stringent regulations by various regulatory bodies and concerns over the use and disposal of toxic materials used in industrial batteries.

Competitive Landscape

·       C&D Technologies, Inc.

·       East Penn Manufacturing Company

·       GS Yuasa Corporation

·       Enersys Inc.

·       Johnson Controls Inc.

·       Northstar Battery Company LLC

·       Exide Technologies Inc.

·       Robert Bosch GmbH

·       Saft Groupe S.A.

·       Toshiba International Corporation

Industry Updates

February 2019- Gelion Technologies Pty Ltd., a Sydney-based energy storage start-up launched a new battery which relies on zinc bromine. The technology was developed as part of a contract with the University of Sydney. These batteries have been integrated into solar light poles across the university campus. The company intends to produce these batteries on a mass scale for numerous energy applications.

Segmentation

The Industrial Batteries Market has been segmented based on type and application.

By type, the global Industrial Batteries Market has been segmented into acid, nickel-based, lithium-based, and others.

By application, the global Industrial Batteries Market has been segmented into telecommunication, power storages, industrial equipment, electric grid storage, and others.

Regional Analysis

By region, the global Industrial Batteries Market has been segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

APAC market is likely to expand at the highest CAGR over the forecast period. The rapid pace of industrialization in the APAC region and expanding telecommunication industry present ample growth opportunities for the growth of the market. Towering demand for electric grid storages is also likely to induce high demand for electric batteries.

The MEA market is expected to showcase tremendous growth over the forecast period. The crude oil industry generates massive demand for industrial batteries in countries such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. Presence of oil & gas reserves in the region is likely to propel industrial activity in the region which will further drive the market in the forthcoming years.

The North America market is driven by an increase in the production of electric grid storages. The US is the key contributor to North America and accounted for the largest share of the global market in 2016.

Demand for industrial batteries is anticipated to rise in countries such as Italy, Germany, Spain, the U.K, France, and Russia in the coming years. Heightened demand from the automobile industry and the growing manufacturing industry boosts the growth of the Europe market.

Latin America market is likely to be driven by the proliferation of industries and innovation in the field of batteries.

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Yacht Coatings Market Size, Challenges, Key Vendors, Drivers and Trends by Forecast to 2027

 Market Insights

Market Research Future has published its report on the global yacht coating market which reveals that the market is poised to grow at an above average CAGR of 12% during the forecast period of 2016 to 2022. Yacht coatings are offered in a wide range which offer advanced solutions for aesthetic appearance, durability, and ease of reparability. Growing number of yacht sales are expected to be a key factor among others which drive the market to generate a market value of USD 4.21 Bn by the end of 2022.

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Yacht coatings are specifically developed to provide functional qualities while maintaining aesthetics. Moreover, coatings are helpful in increasing fuel efficiency and making yachts generally more environmentally friendly. Consumers who purchase yachts tend to belong to a high income or high net-worth demographic which puts high importance on the appearance of the yacht, thus driving consistent demand for yacht coatings. Emerging economies are witnessing an increasing number of such consumers due to rising disposable incomes and other socio-economic factors, thus increasing demand for yachts which in turn increases the yacht coatings market value.  The development of functional and aesthetic coatings needs research and development, which are likely to result in new products and market growth. Maritime regulations on emissions and environmental risks are expected to hamper market growth. However, development of environmentally and regulation compliant yacht coatings will likely mitigate these challenges to some extent.

Market Segmentation

The global yacht coatings market is divided on the basis of types, application, and region. By types, the market is segmented into ethyl silicates, epoxies, polyurethanes, and others. By application, the market is categorized into surfacing, fairing, final priming & sealing, specialty applications, finishing, topcoat care & maintenance, hull, and others.

The global yacht coatings market is regionally segmented to include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

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Regional Analysis

Europe occupies the lead position in the global yacht coatings market due to the large-scale production activities in the marine industry of the region. Moreover, the region has significant players in the coatings industry who actively develop yacht coatings which offer decorative and functional properties. North America follows the European region in terms of market size.

The Asia Pacific is the third largest regional market, due to the presence of a large number of nouveau rich who are purchasing yachts and other luxury marine vessels. The region also has a presence of coatings manufacturers who have contributed significantly to the APAC market’s growth.

Key Players

Eminent market players who have been identified and analyzed in MRFR’s report include PPG Industries, Inc., Engineered Marine Coatings LLC, Hempel A/S, DuPont, Akzo Nobel N.V, Chugoku Marine Paints, Ltd, ALEXSEAL, BASF SE, Boero Bartolomeo S.p.A., Jotun, and others.

Latest Industry News

Nippon Paint Marine has recently launched its newly developed antifouling hull paint. The product is biocide-free and has low-friction self-polishing copolymers. The product which took 20 years to develop has a unique property of self-polishing which means polishing is required every 5 years versus the industry standard of one or two years.

Ask Query@ https://www.marketresearchfuture.com/enquiry/2749

Yacht Coatings Market – Challenges, Key Vendors, Drivers and Trends by Forecast to 2027

 

Market Insights

Market Research Future has published its report on the global yacht coating market which reveals that the market is poised to grow at an above average CAGR of 12% during the forecast period of 2016 to 2022. Yacht coatings are offered in a wide range which offer advanced solutions for aesthetic appearance, durability, and ease of reparability. Growing number of yacht sales are expected to be a key factor among others which drive the market to generate a market value of USD 4.21 Bn by the end of 2022.

 

Get Sample Copy@ https://www.marketresearchfuture.com/sample_request/2749

 

Yacht coatings are specifically developed to provide functional qualities while maintaining aesthetics. Moreover, coatings are helpful in increasing fuel efficiency and making yachts generally more environmentally friendly. Consumers who purchase yachts tend to belong to a high income or high net-worth demographic which puts high importance on the appearance of the yacht, thus driving consistent demand for yacht coatings. Emerging economies are witnessing an increasing number of such consumers due to rising disposable incomes and other socio-economic factors, thus increasing demand for yachts which in turn increases the yacht coatings market value.  The development of functional and aesthetic coatings needs research and development, which are likely to result in new products and market growth. Maritime regulations on emissions and environmental risks are expected to hamper market growth. However, development of environmentally and regulation compliant yacht coatings will likely mitigate these challenges to some extent.

 

Market Segmentation

The global yacht coatings market is divided on the basis of types, application, and region. By types, the market is segmented into ethyl silicates, epoxies, polyurethanes, and others. By application, the market is categorized into surfacing, fairing, final priming & sealing, specialty applications, finishing, topcoat care & maintenance, hull, and others.

The global yacht coatings market is regionally segmented to include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Get Complete Report@ https://www.marketresearchfuture.com/reports/yacht-coatings-market-2749

Regional Analysis

Europe occupies the lead position in the global yacht coatings market due to the large-scale production activities in the marine industry of the region. Moreover, the region has significant players in the coatings industry who actively develop yacht coatings which offer decorative and functional properties. North America follows the European region in terms of market size.

The Asia Pacific is the third largest regional market, due to the presence of a large number of nouveau rich who are purchasing yachts and other luxury marine vessels. The region also has a presence of coatings manufacturers who have contributed significantly to the APAC market's growth.

Key Players

Eminent market players who have been identified and analyzed in MRFR's report include PPG Industries, Inc., Engineered Marine Coatings LLC, Hempel A/S, DuPont, Akzo Nobel N.V, Chugoku Marine Paints, Ltd, ALEXSEAL, BASF SE, Boero Bartolomeo S.p.A., Jotun, and others.

Latest Industry News

Nippon Paint Marine has recently launched its newly developed antifouling hull paint. The product is biocide-free and has low-friction self-polishing copolymers. The product which took 20 years to develop has a unique property of self-polishing which means polishing is required every 5 years versus the industry standard of one or two years.

Ask Query@ https://www.marketresearchfuture.com/enquiry/2749