Press release
Antifouling Paints and Coatings Market 2022-2027 Size, Share, Growth, Analysis, Trends and Forecast
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Antifouling paints and coatings are paints produced, especially for hulls of ships and offshore structures for protection against sub-aquatic organisms. They are made using resins, pigments, cuprous oxides, and biocides, which restricts the growth of the harmful marine organisms. Few major antifouling paint types are soft-bottom, hard-bottom, and ablative antifouling paints. They are applied at the bottom of the boats, yachts, and ships to enhance the water flow passing the hull, which reduces fuel consumption by minimizing the drag and increasing the durability and aesthetics of the ship.
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Market Trends
The burgeoning marine and shipbuilding industries across the globe augment the antifouling paints and coatings market. Additionally, improved vessel durability and corrosion prevention activities further escalate the market growth. These paints and coatings are widely used to paint drilling rigs, production platforms, shipping vessels, and underground waterways transport for minimizing frictional resistance and damage from harmful organisms. Furthermore, the advent of eco-friendly antifouling products also impels product demand. The increasing need for friction and metal-free, and silicone- and fluoro-resin-based antifouling variants further strengthen market growth. The rising ownership of leisure boats and elevating demand for floating production storage and offloading (FPSO) vessels in the oil and gas sector are further anticipated to drive the industrial growth.
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List of Key Companies Covered in this Market Report:
Akzo Nobel N.V. (AMS: AKZA)
BASF S.E. (ETR: BAS)
Boero Yacht Coatings
Chugoku Marine Paints Ltd (TYO: 4617)
Hempel A/S
Jotun Group
Kop-Coat Marine Group (RPM International Inc)
Nippon Paint Marine Coatings Co. Ltd.
PPG Industries Inc. (NYSE: PPG)
The Sherwin-Williams Company (NYSE: SHW)
The report has segmented the market on the basis of type, application and geography.
Breakup by Type:
Copper-Based
Self-Polishing Copolymer
Silicone Elastomers
Others
Breakup by Application:
Shipping Vessels
Drilling Rigs & Production Platforms
Fishing Boats
Yachts & Other Boats
Mooring Lines
Inland Waterways
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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