Press release
Global Antifouling Agents Market Business Forecast, Geography and Analysis Research 2022 - 2030
In terms of volume, global antifouling agents market was valued at US$ 142.86 Kilo Tons in 2021 growing at a CAGR of 6.2% over the forecast period (2022 - 2030).
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High fuel consumption along with cleaning costs associated with hull of ships has driven the demand for antifouling agents. In addition, International Maritime Organisation (IMO) states that 9% of the fuel consumed by ships are attributed to biofouling. Also, hull cleaning costs ranges from USD 15,000 to USD 45,000 depending on vessel size. In order to reduce negative financial impact associated with shipping, emergence of antifouling agents as efficient mitigating option in marine sector is propelling the antifouling agents market.
From perspective of COVID-19 impact, the industry was positively driven during the crisis. Increasing number of idle ships coupled with sluggish international maritime trade on account of low commodity demand has augmented biofouling which in turn fostered the demand for antifouling agents market. The number of idling vessels grew from 8,000 to 16,000 during the tenure of 2009-2020 with increasing growth in global fleet. Exposure to intense fouling risk driven by idling of marine vessels upsurged the need for antifouling which in turn bolstered the antifouling market growth in 2020.
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Some of the Key Players Operating in the Global Antifouling Agents Market include:
Akzo Nobel N.V.
Aquarius Marine Coatings Ltd
Boero Bartolomeo S.p.A.
Hempel A/S
Huisins New Material Technology Co.,Limited
Nautix
Nippon Paint Holdings Co., Ltd.
Nouryon
PPG Industries, Inc.
Seajet
Silicone Solutions
Soromap Group
The Sherwin-Williams Company
Other Market Participants
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Our 420+ Pages Report titled, Antifouling Agents Market will include extensive information on the following pointers:
Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Antifouling Agents Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Antifouling Agents Market Segmentation:
By Form
Liquid
Spray
By Type
Hard Antifouling
Erode Antifouling
Self-Polishing Copolymer
By Composition
Copper Based
Water Based
Silicone Based
Copper Free
Tin Free
Biocide Free
Others
By End-Use Industry
Marine
Renewable Energy
Oil & Gas
Power Station
Water Treatment
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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