Global Antifouling Paints & Coatings Market Worth USD 9.22 Billion by 2021 – Analysis, Technologies & Forecasts Report 2016-2021 – Key Vendors: AkzoNobel, BASF, Jotun – Research and Markets
By Business Wire News
Research and Markets has announced the addition of the “Antifouling Paints and Coatings Market by Type, Application, Region – Global Forecast to 2021” report to their offering.
The global antifouling paints & coatings market is projected to reach USD 9.22 Billion by 2021, at a CAGR of 8.6% between 2016 and 2021. This growth is mainly attributed to the increasing demand of antifouling paints & coatings from the shipping industry and rising concerns toward reduction in fuel consumption. These coatings play a key role to reduce fouling & corrosion, extend the vessel’s life & efficiency, reduce operational costs, and avoid marine accidents & expensive repairs.
Among all types, the copper-based antifouling paints & coatings segment is the fastest-growing type segment in the market, as these coatings are environment-friendly and as such, are increasingly used in hulls and underwater surfaces of shipping vessels. Moreover, copper-based antifouling paints & coatings ensure fouling-free surfaces of ships or boats, which result in substantial fuel savings and consequently reduce emission of greenhouse gases.
The shipping vessels segment accounted for the largest share of the global antifouling paints & coatings market in 2015. Increasing usage of antifouling paints & coatings for protecting vessels from growth of fouling organisms, along with the extension of dry dock intervals is propelling the growth of the global antifouling paints & coatings market.
- Akzo Nobel N.V.
- BASF S.E.
- Boero Yachtcoatings
- Chugoku Marine Paints Ltd.
- Hempel A/S
- Kop-Coat Marine Group (Pettit Marine Paint)
- Nippon Paint Marine Coatings Co. Ltd.
- PPG Industries Inc.
- The Sherwin-Williams Company
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Environmental Regulations
8 Antifouling Paints & Coatings Market, By Type
9 Antifouling Paints & Coatings Market, By Application
10 Antifouling Paints & Coatings Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/xsj3pb/antifouling
View source version on businesswire.com: http://www.businesswire.com/news/home/20160616006122/en/
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