The report on the Antifouling Coating market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the foremost important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely on before investing. It furnishes with an inexpensive examination of the marketplace for better decision-making and assessment to put resources into it. The report analyses the weather and a whole detailed outlook of the foremost players that are likely to feature to the demand within the worldwide Antifouling Coating market within the upcoming years.
Main features of the report:
- To provide detailed analysis of the market structure together with forecast of the varied segments and sub-segments of the world Antifouling Coating Market.
- A perfect background analysis, which has an evaluation of the parent market.
- Important changes in market dynamics
- Track and analyse competitive developments like joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments within the global Antifouling Coating Market.
- Emerging niche segments and regional markets
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Industry Insights
Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.
Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth.
Application Insights
In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.
Regional Outlook
In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs.
China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.
In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favourable government programs along with growing shipping sector in India is anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy.
Competitive Insights
Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products.
GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future.
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Antifouling Coating Market stands to make exponential gains at a high CAGR in forthcoming period due to positive impact on shipping industry.
Shipping industry is projected to grow at highest rate and slated to be the largest growing segment in forecast period.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/antifouling-coatings-market/request-sampleThe demand Growth for antifouling coatings market can be attributed to paints and coatings forming a large section of Antifouling Coatings Industry with paints and coatings provided to hulls and underwater surfaces of shipping vessels.
Yachts, boats and ships use the anti-fouling coatings to prevent organisms depositing on surface of the vessels and corrode the metal hulls attached to the rear of the ships.
Copper-based antifouling paints are the best in the field being used in majority of ships to remove corrosion of hulls and submerged surfaces that would affect longevity of hulls and surfaces, linking them to assets.
Oil rigs, both fixed and floating are also using anti fouling coatings to remove corrosive effects of oxidation and improve durability.
This is in strict accordance with regulations concerning compliance that have to be followed with respect to environmental considerations that are act as drivers to growth in Antifouling Coatings Market.
The latest study report titled as Global Antifouling Coating market report is detailed analysis given by IMR Market Reports to offer a comprehensive study over the Antifouling Coating Market with the help of Dynamics, development drivers, challenges, opportunities, threats, limitations, etc.
Prime purpose of the report is to help the client know the market through its segments, market potential, influential drivers and challenges faced during the analysis and preparation of the report.
Along with analysis tools such as, NOISE Analysis, SWOT analysis, Internal analysis, SOAR analysis, Porter’s five force and etc that are mainly used for studying limitations and opportunities, other pictorial presentations such as charts, diagrams and pie graphs are also included for easy interpretation of data.
The disease has now spread to almost every country throughout the globe leading it to be called as a huge challenge by World Health Organisation, but at the same extent it has brought some opportunities for the market players competing in the Antifouling Coating market those opportunities are also mentioned in the report in extensive manner.
Top Key Players studied in Antifouling Coating Market:AkzoNobelHempelPPG IndustriesChugoku Marine PaintsJotunSherwin-WilliamsPettit PaintNippon Paint Marine CoatingsKansai Paint MarinePT.
The statistical study of the report highly focuses on specifications, cost, capacity, marketing channels, and market players other important studies like BCG matrix, VIRO framework, Value chain analysis, porter diamond model, PESTEL analysis, etc are discussed on top phase.
The latest trending report Global Antifouling Coating Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Antifouling Coating market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.3% in the forecast period of 2020 to 2025 and will expected to reach USD 2159.6 million by 2025, from USD 1822 million in 2019.The Antifouling Coating market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/30805-antifouling-coating-market-analysis-reportThe major players covered in Antifouling Coating are: AkzoNobel Nippon Paint Marine Coatings Chugoku Marine Paints Hempel Pettit Paint PPG Industries PT.
Pacific Dwiyasa Putra (Admiral Coatings) Sherwin-Williams Jotun Kansai Paint MarineBy Type, Antifouling Coating market has been segmented into: Self-Polishing Antifouling Coatings Copper-Free Antifouling Coatings Nano Antifouling Coatings OthersBy Application, Antifouling Coating has been segmented into: Shipping Vessels Drilling Rigs & Production Platforms Fishing Boats Yachts & Other Boats OthersThe report offers in-depth assessment of the growth and other aspects of the Antifouling Coating market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Antifouling Coating Market @ https://www.decisiondatabases.com/contact/download-sample-30805The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Antifouling Coating product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Antifouling Coating, with price, sales, revenue and global market share of Antifouling Coating in 2018 and 2019.Chapter 3, the Antifouling Coating competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Antifouling Coating breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Antifouling Coating market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Antifouling Coating sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Antifouling Coating Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-30805All Coatings Related Reports by DecisionDatabases.com @ https://goo.gl/JEYn74About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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We provide intellectual, precise and meaningful data at a lightning speed.For more detailsDecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/News Source – https://www.industrynewsengine.com/2020/10/17/global-antifouling-coating-market-worth-2159-6-million-usd-by-2025/
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.In order to maintain the performance and the life of the vessel, manufacturers use antifouling coatings that contain special chemicals designed to prevent growth of algae, barnacles, and other such living organisms.
Asia-Pacific was the largest market, accounting for over 85% of the global volume in 2014.Download Exclusive Free Sample Of This Report @ https://dataintelo.com/request-sample/?reportId=5392Shipbuilding 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.Read More @ https://www.marketwatch.com/press-release/growth-of-antifouling-coating-market-industry-analysis-and-forecasts-2019-to-2025-2019-12-13
