Antifouling Paints and Coatings Market by Type, Application, Region – Global Forecast to 2021: The Shipping Industry is Propelling the Growth of this Market – Research and Markets

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:

1 Introduction

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

– Jotun

– 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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Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

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SOURCE Research and Markets

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