The global antifouling coating market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Antifouling coatings are specialized paints, applied to the hull of a ship to prevent the growth of sub-aquatic organisms to improve vessel performance and durability. An increase in demand for commercial vessels, passenger ships, yachts, cargo is expected to further drive the market growth. The growth of online platforms, it has forced antifouling manufacturers and distributors to supply their products through online selling portals. As a result, companies such as Alibaba are expected to play a crucial role in providing access to antifouling coating products to buyers. Buyers located in the shipping and offshore oil and gas sectors are likely to procure antifouling coatings through annual supply agreements to get products at discounted prices. With, the rising importance of material management in the manufacturing sector is expected to force buyers to use antifouling coatings in corrosion protection, which will reduce their inventory cost.
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Scope of the Antifouling Coating Report
The research study analyzes the Antifouling Coating industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Antifouling Coating Market Segmentation:
By Type
- Copper-Based Antifouling Coating
- Self-Polishing Antifouling Coating
- Nano Antifouling Coating
By Application
- Shipping Vessels
- Drilling Rigs and Production Platforms
- Others
Some major players in the market include AkzoNobel NV, PPG Industries, Inc., and Hempel A/S. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2018, three South Korean yards, namely, Daewoo Shipbuilding and Marine Engineering (DSME), Hyundai Heavy Industries Group, and Samsung Heavy Industries Co Ltd, won more than 50 orders for the new, large-scale LNG tankers. Additionally, in October 2021, Nippon Paint Marine’s newly advanced antifouling paint “fastar” had an eco-friendly impact. The main type of antifouling paint in the most recent portion of the marine coatings market is hydrolysis, which works by dissolving hydrolysis resin and biocide into the ocean to provide antifouling performance.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Antifouling Coating Market Report
- What was the Antifouling Coating Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Antifouling Coating Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Antifouling Coating Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Antifouling Coating market.
- The market share of the Antifouling Coating market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Antifouling Coating market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Antifouling Coating market.
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