Antifouling Paints and Coatings Market Report 2020 | Industry Growth, Share, Size, Demand and Future Scope 2025

08/gen/2021 09:58:51 IMARC Group Contatta l'autore

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According to IMARC Group's latest report, titled “Antifouling Paints and Coatings Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global antifouling paints and coatings market to continue its moderate growth during the next five years.

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.

Antifouling Paints and Coatings 2020-2025 Analysis and Segmentation:

The report has segmented the market on the basis of type, application and region.

Breakup by Type:

  1. Copper-Based
  2. Self-Polishing Copolymer
  3. Silicone Elastomers
  4. Others

Breakup by Application:

  1. Shipping Vessels
  2. Drilling Rigs & Production Platforms
  3. Fishing Boats
  4. Yachts & Other Boats
  5. Mooring Lines
  6. Inland Waterways

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Breakup by Region:

  1. North America
    1. United States
    2. Canada
  2. Asia Pacific
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Indonesia
    7. Others
  3. Europe
    1. Germany
    2. France
    3. United Kingdom
    4. Italy
    5. Spain
    6. Russia
    7. Others
  4. Latin America
    1. Brazil
    2. Mexico
    3. Others
  5. Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  1. Akzo Nobel NV
  2. BASF SE
  3. Boero Yacht Coatings
  4. Chugoku Marine Paints Ltd.
  5. Hempel A / S
  6. Jotun Group
  7. Kop-Coat Marine Group (RPM International Inc)
  8. Nippon Paint Marine Coatings Co. Ltd.
  9. PPG Industries Inc.
  10. The Sherwin-Williams Company

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