Antifouling Paints and Coatings Market is projected to grow from USD 5.61 Billion in 2015 to USD 9.22 Billion by 2021, at a CAGR of 8.6% between 2016 and 2021. High demand for antifouling paints & coatings from the shipping industry is expected to drive the growth of the market in near future.
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♦ Key Market Players -
The global antifouling paints & coatings market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the global antifouling paints and coatings market include AkzoNobel N.V. (Netherlands), The Sherwin-Williams Company (U.S.), Nippon Paint Marine Coatings Co., Ltd. (Japan), Jotun (Norway), Hempel A/S (Denmark), and Chugoku Marine Paints, Ltd. (Japan), among others.
Target Audience
- Antifouling Paints & Coatings Producers
- Antifouling Paints & Coatings Traders, Suppliers, and Distributors
- Government and Research Organizations
- Association and Industrial Bodies
- Raw Material Suppliers and Distributors
- Shipping Companies
- Industry Associations
The objectives of this study are:
- To define, describe, and forecast the antifouling paints & coatings market based on type, application, and region
- To analyze and forecast the volume (million liters) and value (USD million) of the global antifouling paints and coatings market
- To provide detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution made to the overall market
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Shipping vessels was the fastest-growing application segment of the global antifouling paints & coatings market
Shipping vessels segment contributed the largest share to the antifouling paints & coatings market in 2015, and is projected to be the fastest-growing application segment from 2016 to 2021. This growth can be mainly attributed to the increased demand of antifouling paints & coatings, as they provide smoothness and superior polishing effect to hulls and underwater surfaces of shipping vessels.
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