Market for Marine Coatings for Leisure Boats Expected to Reach $1.9 Billion by 2024
SHELBYVILLE, DE - According to new research by Global Market Insights Inc., the market for marine coatings for leisure boats is likely to surpass $1.9 billion by 2024.
High growth in the Asia-Pacific tourism sector will augment development of the leisure-boat marine coatings market during the forecast period. Asia-Pacific continues to be one of the fastest growing tourism regions in the world, with tourist arrivals growing by close to 6% annually, reaching 279 million in 2015 compared to 110 million in 2000. According to United Nations World Tourism Organization, this number will likely reach 535 million by 2030.