openPR Logo
Press release

Antifouling Coatings Industry Trends and key Insights by 2024

Antifouling Coatings Industry Trends and key Insights by 2024

Antifouling Coatings Market: Overview

Antifouling coatings are a special type of coating that is applied with paint to the bottom of a ship or marine vessel to prevent or retard the degeneration of the metallic surface that remains submerged. Usually, subaquatic organisms start building colonies on the parts of the ship that remain underwater. Excessive growth of these organisms often leads to a hydrodynamic drag, leading to high fuel consumption and poor performance. In order to maintain the performance and the life of the vessel, manufacturers use antifouling coatings that contain special chemicals designed to prevent growth of algae, barnacles, and other such living organisms.

The antifouling coatings market has gained momentum due to rising sea trade activities, which has led to a rise in the number of ships. The various types of vessels using antifouling coatings are bulk carriers, cargo ships, and container ships.

Get PDF Brochure for more Professional and Technical insights :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12644

The research report on the global antifouling coatings market provides a thorough analysis of the overall market and the answers pertinent to questions about the scope of the market. The report aims to explain the competitive scenario and the nature of the vendor landscape to the readers through well-researched chapters. Furthermore, the document contains Porter’s Five Forces Analysis and SWOT analysis to highlight the various factors responsible for the growth or decline of the overall antifouling coatings market.

Antifouling Coatings Market: Key Trends and Opportunities

Poor output of vessels due to the growth of organisms is the primary driver of the global antifouling coatings market. A drop in speed not only slows down the time taken for transportation, but also increases the risk of goods perishing in transit. The possibility of corrosion of metallic coating and the chances of shipworms causing decay to the goods prompt ship manufacturers to use antifouling coatings. Furthermore, the threat of marine organisms being transported out of their ecosystems and the potential hazard of this to the marine life is fueling demand for these coatings.

The new-age antifouling coatings contain special chemicals such as biocides, organotin compounds, copper, and synthetic chemical compounds. Unfortunately, these are known to have a negative impact on the environment. For instance, usage of paints containing tributyltin has been banned due to high level of toxicity. Companies in this market are also looking at ways to reduce the use of copper in antifouling coatings, as copper too has adverse effects on marine flora and fauna.

On the other hand, players are looking at using slime for making antifouling paints that are friendlier to marine life. Technological advancements and increasing investments in research and development are likely to create several growth opportunities in the market in the near future. The burgeoning oil and gas industry is also expected to offer newer growth platforms to the global antifouling coatings market.

Antifouling Coatings Market: Region-wise Outlook

Asia Pacific dominates the global antifouling coatings market due to the massive shipbuilding industries in South Korea, Japan, Taiwan, and the Philippines. Rise of the shipbuilding industry in Asia Pacific is expected to keep the performance of the antifouling coatings market steady. Demand for antifouling coatings is also expected to rise in this region due to increasing expenditure on exploration and production of natural gas and crude oil in Thailand, India, and China.

The top players in the global antifouling coatings market are PPG Industries, Inc., BASF SE, AkzoNobel N.V., Hempel, Archer Daniels Midland Company, Nippon Paint Holdings Co. Ltd., Jotun, Sherwin-Williams Company, Chugoku Marine Paints Ltd., Kansai Paint, and Advance Marine Coatings AS, among others. These companies focus on developing eco-friendly coatings from palm oil to reconcile the issue of rising environmental concerns and the need to safeguard the vessels.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Antifouling Coatings Industry Trends and key Insights by 2024 here

News-ID: 422320 • Views: 546

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for Antifouling

Antifouling Coatings Market : Industry to Boost Growth 2016 - 2024
Antifouling coatings are a special type of coating that is applied with paint to the bottom of a ship or marine vessel to prevent or retard the degeneration of the metallic surface that remains submerged. Usually, subaquatic organisms start building colonies on the parts of the ship that remain underwater. Excessive growth of these organisms often leads to a hydrodynamic drag, leading to high fuel consumption and poor performance. In
Antifouling Coatings Market Strategies and Forecasts | 2024
Antifouling coatings are a special type of coating that is applied with paint to the bottom of a ship or marine vessel to prevent or retard the degeneration of the metallic surface that remains submerged. Usually, subaquatic organisms start building colonies on the parts of the ship that remain underwater. Excessive growth of these organisms often leads to a hydrodynamic drag, leading to high fuel consumption and poor performance. In
Antifouling Coating Industry: Future Demand, Market Analysis & Outlook to 2022
In this report, the United States Antifouling Coating market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Request for a Sample Report please visit @ https://www.qyresearchgroups.com/request-sample/645125 Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share
Antifouling Coating Market Professional Survey Report 2017
Browse the full report with a table of contents : https://www.reportsandmarkets.com/reports/global-antifouling-coating-market-professional-survey-report-2017-1547599 This report studies Antifouling Coating in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. Request a sample copy: https://www.reportsandmarkets.com/sample-request/global-antifouling-coating-market-professional-survey-report-2017-1547599 This report focuses on top manufacturers in global market, with production, price, revenue
Antifouling Coatings Market 2017- AkzoNobel, Hempel, Jotun, PPG Industries
Apex Research, recently published a detailed market research study focused on the "Antifouling Coatings Market" across the global, regional and country level. The report provides 360° analysis of "Antifouling Coatings Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Antifouling Coatings industry, and estimates the future trend of Antifouling Coatings market on
Global Antifouling Coatings Market 2015-2019
MarketResearchReports.Biz presents this most up-to-date research on "Global Antifouling Coatings Market 2015-2019" Description Antifouling coatings are paints or coatings applied to the hull of a boat, ship, or yacht to reduce the growth of organisms on the part of the ship that is under water and to prevent corrosion of metal hulls. The application of such coatings improves the durability and performance of the vessel. In addition, antifouling coatings are used in