Press release
Silyl Acrylate Polymer Market Size by Key Players: BASF, AkzoNoble, Kansai Paint Marine Company Ltd, HEMEPL, GeoChem solution Inc., Arkema, Yuki Gosei Kogyo Ltd and International Paints
Global Market Insights, Inc.
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The value of marine freight industry is expected to reach USD 210 billion by 2021, which will not only increase the ever degrading CAGR for this industry since 2015, but will also influence the anti-fouling paints market as more and more companies are investing heavily in increasing their capacities. Many companies are expanding their fleet size to survive and give tough competition to competitors in the market by covering as much geographical area as possible. These fleets mostly include freight carrying ships and tankers. Additionally, the countries in the emerging economies, in an intend to be competent and defense ready amongst other powerful countries, are investing profoundly in their naval army infrastructure and marine vessels, which ultimately proves to be an opportunity for the ship building firms and eventually paving growth path for the anti-fouling paints industry and ultimately for companies in silyl acrylate polymer market.
The silyl acrylate polymer market can be segmented based on its type into metal containing and metal free. The metal free silyl acrylate polymer is free from copper methacrylate and zinc. Properties like ecofriendly nature of silyl acrylate polymer can prove to be a market driver for the forecast period.
Based on the end-user industry, the silyl acrylate polymer market is segmented into oil & gas and marine vessels (ships). The marine vessels segmented is anticipated to lead the product market in the forecast period.
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Latin America and Asia-Pacific had dominant share in silyl acrylate polymer market in 2015. Many of the companies in this industry are shifting their production facilities to emerging economies in Latin America and Asia Pacific because of easy availability of cheap labor, land and favorable and flexible government policies and subsidies in these regions. Moreover, companies are concentrating on geographical expansion by exporting products in emerging economies of Africa and Middle East which is going to boost the silyl acrylate polymer market in the coming years.
The major players functioning in silyl acrylate polymer market are BASF, AkzoNoble, Kansai Paint Marine Company Ltd, HEMEPL, GeoChem solution Inc., Arkema, Yuki Gosei Kogyo Ltd and International Paints.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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