The global Antifouling Coating market was valued at US$ 1770.8 million in 2020 and it is expected to reach US$ 2424.1 million by the end of 2027, growing at a CAGR of 4.5% during 2021-2027.
Antifouling coatings are specialized paints applied to the ship’s hull to slow the marine growth on the underwater area which can affect the vessels performance and durability. In addition to preventing marine growth, the hull coating can also act as a barrier against hull corrosion that will degrade and weaken the metal. It also improves the flow of water passing the hull of a fishing vessel or high-performance racing yacht.
Asia-Pacific was the largest market, accounting for over 85% of the global volume in 2014. Shipbuilding activities are robust in South Korea, China, Japan, Taiwan, and Philippines. This is expected to result in the dominance of Asia-Pacific within the shipbuilding sector, thereby driving demand for antifouling paints in the region. Moreover, increasing expenditure for the exploration and production of crude oil & natural gas in China, India and Thailand are expected to further fuel demand for these paints in drilling rigs & production platforms.
Global Antifouling Coating Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Antifouling Coating Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are AkzoNobel, Hempel, PPG Industries, Chugoku Marine Paints, Jotun, Sherwin-Williams, Pettit Paint, Nippon Paint Marine Coatings, Kansai Paint Marine, PT. Pacific Dwiyasa Putra (Admiral Coatings) and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-antifouling-coating-market-outlook
Segment by Type
- Self-Polishing Antifouling Coatings
- Copper-Free Antifouling Coatings
- Nano Antifouling Coatings
Segment by Application
- Shipping Vessels
- Drilling Rigs & Production Platforms
- Fishing Boats
- Yachts & Other Boats
Table of Content:
1 Antifouling Coating Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Antifouling Coating Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Antifouling Coating Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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