Chemical industry reports Antifouling Agent Market Insights, 2016 to 2024

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Antifouling Agent Market Analysis, Size, Share, Growth, Industry Trends and Forecasts, 2016 to 2024 - Hexa Research The size of the worldwide antifouling agent market in 2015 was nearly 84 kilo tons. Ongoing trends suggest that it will grow at a CAGR of about 4.5% during the forecast period (2016 to 2024). Demand for antifouling agents (paints & coatings) in the shipping industry will drive this market. Antifouling agents are specialized paints & coatings used on the hulls of ships. These agents provide vessels with the required smoothness and polished effect. Submerged surfaces of boats and rigs attract algae, bacteria, barnacles, diatoms, and shellfish, which increase hydrodynamic drag. These organisms not only damage the vessel body, but also increase fuel consumption and decrease maneuverability. Such conditions lead to safety hazards. Paints & coatings Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/