Antifouling Coatings Market Analysis, Size, Status, Growth

Quince Market Insights has released a new research study titled “Antifouling Coatings Market” 2023 analysis by the following subjects: “Industry size, share, growth, segmentation, companies and developments, key trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, potential road maps, and annual forecast till 2032′′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. As a result, the client has complete knowledge of the market and business from past, present, and prospective aspects enabling them to allocate resources and invest money wisely. This report has a complete table of contents, Market figures, tables, and charts, as well as insightful analysis.

The Global Antifouling Coatings Market was valued at USD 2,134.7 million in 2020 and is anticipated to grow at a CAGR of 4.9% from 2021 to 2028.

Key Highlights of the Antifouling Coatings Market Analysis include:

The report includes historical, forecast data, which is used to make future predictions and industry analysis.
The report includes information on regional and global trade, as well as consumption value and production capacity for each country.
Additional essential metrics used for market growth research include Porter's five forces analysis, value chain analysis, and SWOT analysis.
For 2020 and 2021, the study provides concise insights into how the pandemic has affected demand.
Profiles of some of the major players in the global Antifouling Coatings Market, which include Axalta Coating Systems, AkzoNobel N.V., BASF SE, DuPont, Dow Chemical, Kansai Paint Marine Co., Ltd., RPM International Inc., Boero, Hempel A/S, The Sherwin-Williams Company, Nippon Paint Marine Coatings Co. Ltd., PPG Industries Inc., and JOTUN

Antifouling is a type of performance coating, which is mainly used in marine vehicles such as commercial and navy ships, vessels, and yacht, among others, to provide and maintain smooth and clean underwater hull. Antifouling coating products release active ingredients that help prevent the development of marine-based fouling organisms, which depend upon the type of biocides used within the composition of the coatings.

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The global Antifouling Coatings Market research report utilizes both primary and secondary data sources. Government laws, market circumstances, competitive levels, historical data, market status, anticipated changes in linked firms, market volatility, and prospects are just a few of the industry-affecting elements studied during the research process.

Key Impact Factors of the Market:

The major factors that are contributing to the growth of the antifouling coatings market are growth in marine logistic and defense investments and growth in water-based recreational activities, along with reducing fuel consumption costs in marine ships or vessels.

The global Antifouling Coatings Market is segmented on the basis

By Type (Copper Based, Biocides, Self-Polishing Copolymer Hybrid, and Others), By Application (Shipping Vessels, Drilling Rigs, Fishing Boats, Yachts & Boats, Mooring Lines, and Others)

Regional Analysis:

✫ North America (U.S., Canada, Mexico) ✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe) ✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia, Singapore, Rest of Asia Pacific) ✫ South America (Colombia, Brazil, Argentina, Rest of South America) ✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Industry News of the Market:

January, 2021- AkzoNoble has acquired New Nautical Coatings company, which is one of the leading yacht coatings companies operating in the North American region. This acquisition will help the company to increase its market presence in the North American yacht coatings market.
October 2020 - JOTUN launched a new premium antifouling coating product to succeed its SeaQuantum S-line offering tailor-made fouling protection.
May 2019 - JOTUN launched the next generation of its SeaForce biocidal antifouling range that are based on the Hydractive technology. This product range will help provide predictable, long term performance for diverse vessel requirements.
September 2016 - AkzoNobel launched a new bio-renewable coatings product that helps reduce carbon footprints for the ship coating market.

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Market, Size, Opportunities, Scope, Share, Growth