MARKET INTRODUCTION

Antifouling paints are the paintings or coatings used to cover water submerged parts such as the hull of a boat, yacht, or ship. These coatings or paints prevent the accumulation of organisms on the submerged metallic hull and make it corrosion resistant. Antifouling paints also play an essential role in improving the performance and durability of vessels. They protect the submerged parts from bacteria, algae, and diatoms that, if accumulated, decrease the vessel's operational speed, leading to more fuel consumption. These are widely used in marine and boat manufacturing industries and protecting the machinery placed in rigs to make machines last long by preventing the accumulation of biological matter.

MARKET DYNAMICS

The antifouling paints and coatings market is anticipated to register growth shortly, mainly due to the shipping industry's high demand. Other key factors that drive this market are rising demand for antifouling paints and coatings in hulls and shipping vessels' underwater surfaces. The global market for antifouling paints is expected to quickly foresee a lucrative growth due to advancements in manufacturing marine environment-friendly antifouling paints and coatings. Various standards set by the regulatory authorities worldwide have helped the market in its evolution to expand its application in both shipbuilding and other areas of the marine industry. Surging demand and stringent environmental regulations are encouraging manufacturers to develop sustainable and eco-friendly products, hence contributing to the market's growth. However, substitutes such as electrolytic system, ultrasonic, and electro-chlorination can hinder the antifouling paints and coatings market growth.

MARKET SCOPE

The "Global Antifouling Paints and Coatings Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the antifouling paints and coatings market with detailed market segmentation by type and application. The global antifouling 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 antifouling paints and coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global antifouling paints and coatings market is segmented into type and application. By type, the antifouling paints and coatings market is classified into copper-based, self-polishing copolymer, hybrid, others. By application, the antifouling paints and coatings market is classified into shipping vessels, drilling rigs and production platforms, fishing boats, yachts and other boats, inland waterways transport, mooring lines.

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 antifouling paints and coatings market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The antifouling 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 the antifouling paints and coatings market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the antifouling paints and coatings market in these regions.

MARKET PLAYERS

The reports cover vital developments in the antifouling 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the antifouling paints and coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for antifouling paints and coatings in the global market. Below mentioned is the list of few companies engaged in the antifouling paints and coatings market.

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

- AkzoNobel N.V.
- Nippon Paint Marine Coatings Co., Ltd.
- Jotun
- Hempel A/S
- Chugoku Marine Paints, Ltd.
- BASF SE
- PPG Industries, Inc.
- Boero Bartolomeo S.p.A.
- Kop-Coat Marine Group
- The Sherwin-Williams Company