SAN FRANCISCO, February 10, 2016 /PRNewswire/ --
The global antifouling coating market is expected to reach USD 2.43 billion by 2022, according to a new report by Grand View Research, Inc. Antifouling coatings are applied in order to increase the durability of hulls and underwater surfaces of marine vessels including passenger ships, cargoes, yachts and drilling rigs. Increasing number of merchant fleets on account of improvement of ship-based logistics in emerging markets including India, Brazil and Middle East countries is expected to drive market growth for coatings. Rising importance of Floating Production Storage Offloading (FPSO) in upstream oil & gas sector in light of increasing requirement for integrated compact systems in deep water offshore reserves is expected to increase the incorporation of antifouling paints.
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Browse full research report with TOC on "Antifouling Coating Market Analysis By Application (Shipping Vessels, Drilling Rigs & Production Platforms) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/antifouling-coating-market
Antifouling coatings demand in shipping vessels was 71.0 kilo tons in 2014. However, drilling rigs & production platforms are expected to witness significant gains over the forecast period on account of expansion of offshore natural gas production capacity in Brazil, Saudi Arabia, Oman, China and India.
Further key findings from the report suggest:
Grand View Research has segmented the global antifouling coating market by application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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