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Antifouling Paints and Coatings Market by Type (Copper-Based, Self-Polishing, Hybrid, Others), Application (Shipping Vessels, Drilling Rigs & Production Platforms, Others), Region (APAC, Europe, North America, MEA, Latin America) - Global Forecast to 2021

Report Code: 82466

Industry: Machinery & Equipment

Published On: 2022-09-19

Pages: 200

Publisher : MMI

 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.


The research methodology used to estimate and forecast the global antifouling paints & coatings market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.
On the basis of Type:


Copper-based
Self-Polishing Copolymer
Hybrid
Others
On the basis of Application:


 Shipping Vessels
Drilling Rigs & Production Platforms
Fishing Boats
Yachts & Other Boats
Inland Waterways Transport
Mooring Lines
On the basis of Region:


Asia-Pacific
Europe
North America
Middle East & Africa
Latin America


The factors inhibiting the growth of the global antifouling paints & coatings market are volatile raw material prices and government regulations in the paints & coatings industry. Key market players operating in the global antifouling paints and coatings market, such as 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, have adopted various strategies to increase their market shares. Agreements/contracts/partnerships, new product/technology launches, expansions, acquisitions, and research & development are some of the key strategies adopted by market players to achieve growth in the global antifouling paints and coatings market.


 

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