Global Antifouling Coating Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global antifouling coating market in its upcoming report titled, “Global Antifouling Coating Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global antifouling coating market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global antifouling coating market report has been segmented on the basis of type, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Antifouling coatings are applied to hull of a boat, yacht or ship to limit corrosion of metallic hulls and to decrease expansion of organisms on water submerged surfaces. Performance and durability of shipping vessel can be enhanced by using antifouling coating products. Antifouling coatings are also utilized in fixed and floating offshore oil rigs. Subaquatic organisms start to build colonies on parts of ship which remains underwater. The submerged surfaces in marine environment are affected by bacteria, diatoms, algae, and invertebrates which cause hydrodynamic drag development resulting in higher fuel consumption, and reduced speed and operational range. In order to maintain performance and life of vessel, manufacturers use antifouling coatings which contain special chemical intended to prevent growth of barnacles, algae, and other living organisms.

Antifouling coatings are widely used in shipping vessels, drilling rigs, fishing boats, and yachts. It provides superior polishing and smoothness effect to body and underwater surfaces of the shipping vessels. Increasing usage of antifouling coatings in passenger ships, commercial vessels, yachts, Floating Production Storage & Offloading (FPSO), cargo, and traditional offshore drilling rigs is projected to fuel growth of the global antifouling coating market over the forecast period.

Target audience for the global antifouling coating market include industry associations, antifouling paints & coatings producers, antifouling paints & coatings traders, antifouling paints & coatings suppliers, and antifouling paints & coatings distributors, government and research organizations, association and industrial bodies, shipping companies, raw material suppliers and distributors, and others.

Asia Pacific antifouling coating market is expected to account for major share in terms of revenue in 2017, and is anticipated to maintain its dominance over the forecast period, owing to growing demand for antifouling coating from various sectors such as shipping vessels, drilling rigs and production platforms in this region. Asia Pacific antifouling coating market is projected to register fastest growth in terms of revenue in next five years.

Global Antifouling Coating Market Segmentation:

Segmentation by type:

• Copper-based
• Self-Polishing Copolymer
• Hybrid

Segmentation by application:

• Shipping Vessels
• Drilling Rigs & Production Platforms
• Fishing Boats
• Yachts & Other Boats
• Others (mooring lines and inland waterways transport)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Akzo Nobel N.V.
• Jotun
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Hempel A/S
• Nippon Paint Marine Coatings Co., Ltd.
• BASF SE
• Boero
• Chugoku Marine Paints, Ltd.
• Kansai Paint Co., Ltd.