anti-fouling paints and coatings Market

MARKET INTRODUCTION
Anti-fouling paints and coatings also referred to as hull paints or bottom water paints are applied to improve the durability and performance of the marine vessels including ships and aquaculture nets. It aids the detachment of subaquatic organisms and also slows down their growth. In addition, anti-fouling paints and coatings serve other functions such as protection against corrosion and reduce fuel consumption. Anti-fouling coatings are environment-friendly as they help in reducing greenhouse gases emission by ensuring the improved flow of water past the fouling-free surfaces of ships.

MARKET DYNAMICS
The anti-fouling paints and coatings market is anticipated to witness a high growth during the forecast period owing to an upsurge in demands from the shipping industry. In addition, strict environmental regulations for sustainable and eco-friendly products further encourage the growth of the anti-fouling paints and coatings market. However, predictable decline in the shipbuilding industry and volatility in the raw material prices are major restraints for the anti-fouling paints and coatings market. On the other hand, growing oil and gas industry along with technological advancements in biologically inspired anti-fouling paints and coatings is likely to showcase growth opportunities for key players of the anti-fouling paints and coatings market during the forecast period.

MARKET SCOPE
The "Global Anti-Fouling Paints and Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of anti-fouling paints and coatings market with detailed market segmentation by type, application and geography. The global anti-fouling paints and coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading anti-fouling paints and coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
The global anti-fouling paints and coatings market is segmented on the basis of type and application. Based on type, the market is segmented as copper-based, self-polishing copolymer, hybrid and others. On the basis of the application the market is segmented as shipping vessels, drilling rigs & production platforms, boats, yachts, inland waterways transport, mooring lines and others.

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global anti-fouling paints and coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The anti-fouling paints and coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting anti-fouling paints and coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the anti-fouling paints and coatings market in these regions.

MARKET PLAYERS
The reports cover key developments in the anti-fouling paints and coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from anti-fouling paints and coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for anti-fouling paints and coatings in the global market. Below mentioned is the list of few companies engaged in the anti-fouling paints and coatings market.

The report also includes the profiles of key anti-fouling paints and coatings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

-Akzo Nobel N.V.
-Archer Daniels Midland Company
-BASF SE
-Boero Bartolomeo S.p.A.
-Chugoku Marine Paints, Ltd.
-HEMPEL A/S
-Jotun
-Nippon Paint Holdings Co., Ltd.
-PPG Industries, Inc.
-The Sherwin-Williams Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.