DUBLIN, June 22, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Antifouling Paints and Coatings Market by Type, Application, Region - Global Forecast to 2021" report to their offering.
The global antifouling paints & coatings market is projected to reach USD 9.22 billion by 2021, at a CAGR of 8.6% between 2016 and 2021.
High demand of antifouling paints & coatings from the shipping industry is propelling the growth of this market.
There is an increased demand for antifouling paints & coatings in hulls and underwater surfaces of shipping vessels, as they provide smoothness and great polishing effect to these surfaces. Thus, the growing usage of antifouling paints & coatings in the underwater surfaces and hulls of ships & boats is expected to contribute towards the growth of the shipping vessels segment of the global antifouling paints & coatings market during the forecast period.
The copper-based antifouling paints & coatings segment accounted for the largest share of the global antifouling paints & coatings market in 2015. Copper-based antifouling paints & coatings are environment-friendly and ensure fouling-free surfaces of ships or boats, which result in substantial fuel savings and consequently reduce emission of greenhouse gases.
Asia-Pacific led the global antifouling paints & coatings market
The Asia-Pacific region accounted for the largest share of the global antifouling paints & coatings market in 2015. The Asia-Pacific antifouling paints & coatings market is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the growing demand of antifouling paints & coatings from the shipping industry for various applications, such as shipping vessels, drilling rigs & production platforms, and fishing boats, among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Environmental Regulations
8 Antifouling Paints & Coatings Market, By Type
9 Antifouling Paints & Coatings Market, By Application
10 Antifouling Paints & Coatings Market, By Region
11 Competitive Landscape
12 Company Profiles
- Akzo Nobel N.V.
- BASF S.E.
- Boero Yachtcoatings
- Chugoku Marine Paints Ltd.
- Hempel A/S
- Kop-Coat Marine Group (Pettit Marine Paint)
- Nippon Paint Marine Coatings Co. Ltd.
- PPG Industries Inc.
- The Sherwin-Williams Company
For more information visit http://www.researchandmarkets.com/research/qb4999/antifouling
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SOURCE Research and Markets