Market World Antifouling Coating Market Research Till 2022 | Page 3

Competitive Insights
Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon
Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an
investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated
to produce 10 million litres of marine coating products, together with antifouling products.
GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for
new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development
is anticipated to remain a vital success factor for the market in the foreseeable future.
Research and Developments in the coatings market including the natural materials from palm oil for instance,
may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-
Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.
Market Segment:
Application Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
• Shipping Vessels
• Drilling Rigs & Production Platforms
Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Latin America
• Brazil
• Middle East Africa (MEA)
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