The Antifouling Coatings Market was valued at $3.65 Billion in 2020. Growing at a high CAGR of more than 8.4% between 2021 and 2031, it is estimated to reach $8.14 Billion by 2031. The current pandemic of COVID-19 might make a slight difference in the growth rate. The e-commerce platforms are getting emerged, antifouling companies, as well as distributors, have been forced to deliver their goods via web portals. Hence, it will be estimated to make a lot of growth for the market over the forecast period of 2021-2031.
Antifouling Coatings Market Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
Request a Sample Copy of Report
The Antifouling Coatings Market has been segmented based on type and application. The growing popularity of condition-based monitoring over the breakdown maintenance that too in the shipping sector is obviously expected to play a crucial role when it comes to increasing the importance of the product. The superior properties include protection against corrosion, fouling, and external contamination, which are anticipated to higher growth. Hence, this market has a huge chance to grow over the forecasted period.
North America Is Holding The Market Share By Region
The Antifouling Coatings Market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held in North America and Europe. The e-commerce platforms are getting emerged, antifouling companies, as well as distributors, have been forced to deliver their goods via web portals. The Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of this market. Hence, these will fuel growth during 2021-2031.
Major Players In Antifouling Coatings Market
Key players profiled in the report include AkzoNobel N.V, The Sherwin-Williams Company, Nippon Paint Marine Coatings Co. Ltd, Jotun, Hempel A/S, and Chugoku Marine Paints Ltd, and others.
Scope of the Report:
Report Coverage |
Details |
||
Base Year: |
2020 |
Market Size in 2020: |
US$ 3.65 Billion |
Historical Data for: |
2018 to 2020 |
Forecast Period: |
2021 to 2031 |
Forecast Period 2021 to 2031 CAGR: |
8.4% |
2031 Value Projection: |
US$ 8.14 Billion |
Segments covered: |
By Type - Copper-based, Self-polishing Copolymer, Hybrid. By Application - Shipping Vessels, Drilling Rigs & Production Platforms, Fishing Boats, Yachts & Other Boats, Inland Waterways Transport, Mooring Lines. |
||
Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
||
Companies covered: |
AkzoNobel N.V, The Sherwin-Williams Company, Nippon Paint Marine Coatings Co. Ltd, Jotun, Hempel A/S, and Chugoku Marine Paints Ltd, and others. |
Global Antifouling Coatings Market Has Been Segmented Into:
Global Antifouling Coatings Market, By Type
Global Antifouling Coatings Market, By Application
Global Antifouling Coatings Market: By Region
Customization options available to meet your custom research requirements :