Market Revenue Antifouling Coatings Industry Report | Page 2

Copper-based antifouling paints are the best in the field being used in majority of ships to remove
corrosion of hulls and submerged surfaces that would affect longevity of hulls and surfaces, linking
them to assets. Oil rigs, both fixed and floating are also using anti fouling coatings to remove corrosive
effects of oxidation and improve durability. This is in strict accordance with regulations concerning
compliance that have to be followed with respect to environmental considerations that are act as
drivers to growth in Antifouling Coatings Market.
Over and above, technological advancements have provided great traction to coating technologies
and while these technologies provide superior adhesion to wet surfaces. High growth for antifouling
coatings is predicted in forecast period. The manufacturers are hence making environmental friendly
products to develop eco-friendly sustainable products and investments are being scheduled in making
products that do not contain hazardous compounds such as organotin. Fuel-consumption goes down
substantially on account of using antifouling coatings that reduce operational costs drastically.
Segmentation of Antifouling Coatings Industry by application includes vessels and rigs.
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The vessel segment is leading industry coverage by a distinct high market share and rigs have been
attributed with a less market share but growth in Antifouling Coatings Market is predicted on account
of high-paced oil and rigs segment. The Market segmentation of for Antifouling Coatings Industry by
geographical region includes North America, Europe, Asia pacific, MEA and Latin America. Asia-Pacific
is the largest market segment in Antifouling Coatings Industry due to slick pace of growth in oil and
rigs market. Asia pacific is the largest market segment in antifouling market due to slick pace of growth
in oil and rigs market.The Key industry players in antifouling market Antifouling Coatings Market
include AkzoNobel, Sherwin-Williams, Hempel, Jotun, Admiral Coatings, Advanced Marine Coatings,
DuPont, Kansai Paint, BASF, Nippon Paint Holdings and PPL.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Antifouling Coatings in these regions,
from 2012 to 2022 (forecast), covering
• North America