About Antifouling Coating
Increasing sea trade activities will help to boost global Antifouling Coating market in the forecasted period. Antifouling paints specialized paints are applied to yachts, boats, and ships to decrease the growth of organisms on the part of the ship that is under water and also avoids corrosion of metal hulls. Also, it helps in increasing the durability as well as improved performance of the vessels. The growing popularity of condition-based monitoring over breakdown maintenance in the shipping sector is anticipated to play a vital role in growing importance of the product.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Manufacturers having a strong hold in the market are PPG, BASF, Akzo Nobel, Hempel, andd Archer Daniels Midland. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Antifouling Coating market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PPG Industries, Inc. (United States), BASF SE (Germany), Akzo Nobel N.V. (Netherlands), Hempel (Denmark), Archer Daniels Midland Company (United States), Nippon Paint Holdings Co. Ltd. (Japan), Jotun Group (Norway), Sherwin-Williams Company (United States), Chugoku Marine Paints Ltd. (Japan) and Kansai Paint Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kop-Coat Marine Group (United States) and PT. Pacific Dwiyasa Putra (Admiral Coatings) (Indonesia).
Segmentation Overview
AMA Research has segmented the market of Global Antifouling Coating market by Type (Self-polishing Antifouling Coatings, Copper-Free Antifouling Coatings, Nano Antifouling Coatings and Others), Application (Shipping Vessels, Drilling Rigs & Production Platforms, Fishing Boats, Yachts & Other Boats and Others) and Region.
On the basis of geography, the market of Antifouling Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Improvements in Membrane Preparation Process & Growing Adoption of Copper-Based Antifouling Paints & Coatings and Introduction to Inorganic Materials which will Improve Antifouling Properties of Polymer Membranes
Market Growth Drivers:
Upsurging Marine Traffic across the Globe and Provides Long-Term Performance of Marine antifouling coatings
Challenges:
Upsurging Manufacturing Complexities Related to Antifouling Coating Developments
Restraints:
Stringent Government Regulations in Developing Antifouling Coating and Volatile Regional Demand will Increase
Opportunities:
Improved Durability of Ships, Yachts, and Boats and Upsurging Demand for Eco-Friendly Coatings from Palm Oil to Nullify the Environmental Concerns
Market Leaders and their expansionary development strategies
On August 14, 2019, PPG has acquired the Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. Financial terms were not disclosed. Dexmet, headquartered in Wallingford, Connecticut, was founded in 1948. The company, which has approximately 75 employees, specializes in customized, highly-engineered, expanded and perforated metal foils and polymers used for mission-critical applications in aerospace, energy storage, and other industrial applications.
Key Target Audience
Antifouling Coating Manufacturers, Antifouling Coating Distributors and Suppliers, Antifouling Coating International Traders, Research and Development Institutes, Government Agencies, Marine Equipment Manufacturing Industry Associations, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.