Biofouling is the accumulation of subaquatic organisms on any surface, if immersed in water, fresh water, or sea water for a long time. It can occur anywhere where water is present. In the case of boats, ships, it can affect the performance of the vessel and increase the consumption of fuel. Antifouling coatings are used to prevent biofouling on the surface of the hull of boats, ships, and offshore rig structures. They can be copper-based, self-polishing copolymer, or hybrid. Technavio’s analysts forecast the global antifouling coatings market to grow at a CAGR of 13.11% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global antifouling coatings market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography: • APAC • Europe • North America • ROW
Technavio’s report, Global Antifouling Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Akzo Nobel • Hempel • Jotun • PPG industries • Sherwin-Williams Company
Other prominent vendors • BASF • Boero • Chugoku Marine Paints • DuPont • Kansai Paints • Nippon Paint Holdings • Sea Hawk Paints • San Cera Coat Industries • Altex Coatings • The Witham Group • PYI
Market driver • Growth in ship building industry • For a full, detailed list, view our report
Market challenge • Cost of raw materials • For a full, detailed list, view our report
Market trend • Use of eco-friendly components • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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