Antifouling Coating Industry Size, Share, Trends and Technological Advancements to 2025


28th September 2018: The Global Antifouling Coatings Market stands to make exponential gains at a high CAGR in forthcoming period due to positive impact on shipping industry. The Antifouling coatings and paints comprise the Antifouling Coatings Industry of which shipping industry is the biggest player by a large margin. Shipping industry is projected to grow at highest rate and slated to be the largest growing segment in forecast period.

The 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. These are conclusive factors adding to growth of Antifouling Coatings Market.
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 Industry.
Over and above, technological advancements have provided great traction to coating technologies and while these technologies provide superior adhesion to wet surfaces. High growth for antifouling coatings is predicted in forecast period. The manufacturers are hence making environmental friendly products to develop eco-friendly sustainable products and investments are being scheduled in making products that do not contain hazardous compounds such as organotin. Fuel-consumption goes down substantially on account of using antifouling coatings that reduce operational costs drastically. Segmentation of Antifouling Coatings Industry by application includes vessels and rigs.
The vessel segment is leading industry coverage by a distinct high market share and rigs have been attributed with a less market share but growth in Antifouling Coatings Market is predicted on account of high-paced oil and rigs segment. The Market segmentation of for Antifouling Coatings Industry by geographical region includes North America, Europe, Asia pacific, MEA and Latin America. Asia-Pacific is the largest market segment in Antifouling Coatings Industry due to slick pace of growth in oil and rigs market. Asia pacific is the largest market segment in antifouling market due to slick pace of growth in oil and rigs market. The Key industry players in antifouling market Antifouling Coatings Market include AkzoNobel, Sherwin-Williams, Hempel, Jotun, Admiral Coatings, Advanced Marine Coatings, DuPont, Kansai Paint, BASF, Nippon Paint Holdings and PPL.    

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