360 MARKET UPDATES Report provides a 360-degree overview of the global Marine Anti Fouling Coatings Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Marine Anti Fouling Coatings Market – Segmented by Type, Application, and Geography – Growth, Trends and Forecasts (2018 – 2023)”
Global “Marine Anti Fouling Coatings Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Marine Anti Fouling Coatings Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Marine Anti Fouling Coatings Analysis.
Marine Anti Fouling Coatings market Report provides a 360-degree overview of the global Marine Anti Fouling Coatings market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Marine Anti Fouling Coatings Market Report Covers Leading Manufacturers: Axalta Coatings Systems, Akzo Nobel N.V., PPG Industries, Kansai Paint Co., Ltd., DowDuPont, Engineered Marine Coatings, Hempel A/S, Chukogu Marine Paints, Ltd., BASF SE, Boero Bartolomeo S.p.A, Jotun, Sigma-Aldrich Corporation, RPM International, Inc., Sherwin-Williams (including Valspar), KCC, Nippon
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The global marine anti-fouling coating market is expected to grow at a moderate rate during the forecast period, 2018-2023. Asia-Pacific is anticipated to remain as the largest market for marine anti-fouling coatings, followed by North America, and Europe.
Marine anti-fouling coatings are used to coat the bottoms of ships to prevent them from algae and mollusks, which, if attached, can slow down the ship speed, thus increasing the fuel consumption.
Shipbuilding Industry Driving the Asia-Pacific Region
Asia-Pacific is expected to remain the largest market for marine anti-fouling coatings. China, being the major player in the shipbuilding industry, is driving the anti-fouling coating market in Asia-Pacific. Also, India, Vietnam, and the Philippines are witnessing a high growth of the shipbuilding industry, providing large opportunities for the marine anti-fouling coating market. In addition, demand exists for fuel-saving and low-emission coatings in Asia-Pacific countries, which contribute to the growth of the studied market.
Accelerating Ship Building Activities
The global marine anti-fouling market is mainly driven by increasing production of leisure boats, increasing ship repairs & maintenance activities, and growing demand from the oil & gas industry. Moreover, the rising consumption of commercial vessels, passenger ships, yachts, cargo, and conventional offshore drilling rigs is expected to expand industry growth over the forecast period.
Hull Coating Applications Dominating the Market
The global marine anti-fouling coating market is segmented on the basis of products, applications, and geography. Based on application, the market is segmented into hull coatings, tank coatings and others. Of this, hull coating applications dominate the studied market because of increasing production of offshore ships, which include passenger and cargo, along with offshore drilling activities.
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Reasons to Purchase Marine Anti Fouling Coatings Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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