According to a market report by Lucintel, the future of the antifouling paint and coating market looks promising with opportunities in shipping vessels, fishing boats, yachts & other boats, inland waterways transport, and drilling rig & production platform applications. The global antifouling paint and coating market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing demand for antifouling paints & coatings in boat hulls and underwater surface of shipping vessels.
In this market, copper-based, self-polishing copolymer, and hybrid are the major product types. Copper-based antifouling paints & coatings are the largest product type segment.
Within the antifouling paint and coating market, shipping vessels, drilling rigs & production platforms, fishing boats, yachts & other boats, inland waterways transport, and mooring lines are the major applications. Shipping vessels have formed the largest segment for antifouling paints and coatings.
Asia Pacific will remain the largest market over the forecast period due to growth in ship building activities in China, Korea, and Japan.
Akzo Nobel N.V., Hempel A/S, BASF SE, PPG Industries, The Sherwin-Williams Company, Jotun, and Chugoku Marine Paints, Ltd. are among the major manufacturers of antifouling paints and coatings.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global antifouling paint and coating market by application, product type, and region. Lucintel has prepared a comprehensive research report entitled "Global Antifouling Paint and Coating Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global antifouling paint and coating market by application, product type, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Copper-based
Self-Polishing Copolymer
Hybrid
Others
By Application [$M shipment analysis for 2013 – 2024]:
Shipping Vessels
Drilling Rigs & Production Platforms
Fishing Boats
Yachts & Other Boats
Inland Waterways Transport
Mooring Lines
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …helpdesk@Lucintel.com.
About Lucintel
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