Antifouling Coatings Market Size, Growth | Industry Report, 2020-2026

1. Welcome To DataIntelo Antifouling Coatings Market Size, Growth | Industry Report, 2020-2026 The global antifouling coatings market size is anticipated to expand at a significant CAGR during the forecast period, 2020 to 2026 owing to a significant growth in sea trade activities, which has resulted in an increase in the number of ships. Antifouling coatings are specialized coatings applied to the hull of ships or vessels for inhibiting marine growth such as barnacles, which can severely affects their performance and durability. Moreover, antifouling coatings act as a corrosion barrier for hulls to improve their performance thus allowing water flow across the hull. Market Trends, Drivers, Restraints, and Opportunities: •Concerns regarding corrosion of hulls and shipworms causing deterioration are key factors driving the market. •Antifouling coatings reduce the load on the vessel’s engine by preventing marine growth from attaching themselves to the vessel, which helps save fuel, thus increasing their demand is driving market growth.

2. •The antifouling coatings contain chemicals such as organotin compounds, biocides, copper, and synthetic chemical compounds that are can negatively impact the environment. This is likely to hamper the growth of the market. •Technological advancements and rising investments in R&D are likely to create opportunities in the market. •Biomimetic approaches are generating new opportunities for designing and developing non-toxic antifouling techniques. Scope of the report: The report on antifouling coatings market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report. Attributes Details Base Year 2019 Historic Data 2015–2019 Forecast Period 2020–2026 North America, Latin America, Europe, Asia Pacific, and Middle East & Africa Regional Scope Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast Report Coverage Request for Free Sample: https://dataintelo.com/request- sample/?reportId=5392 Antifouling Coatings Market Segment Insights: Growing demand for self-polishing copolymers owing to its characteristics is projected to drive segment growth Based on types, the market has been segmented into copper-based, self-polishing copolymer, hybrid, and others. The self-polishing copolymer segment held a significant share in the market and is expected to be used in a sizeable amount in

3. the coming years, as it provides the combination of controlled polishing rate, optimum biocide release, and intrinsic self-smoothing to control hull roughness and provide maximum fuel efficiency. Increasing usage of shipping vessels due to the rise in sea trade activities fuels segment growth On the basis of applications, the market has been divided into shipping vessels, drilling rigs & production platforms, fishing boats, yachts & other boats, and others. The shipping vessels segment accounted for a large share of the market and is expected to continue this trend during the forecast period due to continuously rising trade through seas and oceans. The drilling rigs & production platforms segment held a significant share of the market. The segment is anticipated to be highly lucrative during the forecast period owing to rising investments in the oil & gas sector for the production of crude oil. Asia Pacific to lead the global market due to rising investments in oil & gas industry in the region for producing natural gas In terms of regions, the global antifouling coatings market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific held a large share of the market and is anticipated to expand at a considerable growth rate during the forecast period owing to the continuous rise in investments in the marine, shipbuilding, and fishing sectors. Moreover, large presence of major shipbuilding companies in Japan, Taiwan, South Korea, and the Philippines is driving the growth of the market in the region. Furthermore, increasing investments for the production of natural gas and crude oil among countries such as China, Thailand, and India are driving the market growth in the region. Competitive Landscape: Key participants in the antifouling coatings market are Akzo Nobel N.V., Hempel A/S, PPG Industries, Inc., Chugoku Marine Paints, Ltd., Jotun, The Sherwin-Williams Company, and NIPPON PAINT MARINE COATINGS CO.,LTD. They adopt strategies such as product launches, mergers & acquisitions agreements, and partnerships. Segments Covered in the Report

4. The global antifouling coatings market has been segregated on the basis of types, applications, and regions. By Types •Copper-based •Self-polishing Copolymer •Hybrid •Others By Applications •Shipping Vessels •Drilling Rigs & Production Platforms •Fishing Boats •Yachts & Other Boats •Others By Regions •North America •Europe •Asia Pacific •Latin America •Middle East & Africa Discover More @ https://dataintelo.com/