DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Antifouling Coating Market Analysis By Application (Shipping Vessels, Drilling Rigs & Production Platforms) And Segment Forecasts To 2022" report to their offering.
The Global Antifouling Coating Market is expected to reach USD 2.43 billion by 2022.
Antifouling coatings are applied in order to increase the durability of hulls and underwater surfaces of marine vessels including passenger ships, cargoes, yachts and drilling rigs. Increasing number of merchant fleets on account of improvement of ship-based logistics in emerging markets including India, Brazil and Middle East countries is expected to drive market growth for coatings.
Rising importance of Floating Production Storage Offloading (FPSO) in upstream oil & gas sector in light of increasing requirement for integrated compact systems in deep water offshore reserves is expected to increase the incorporation of antifouling paints.
Antifouling coatings demand in shipping vessels was 71.0 kilo tons in 2014. However, drilling rigs & production platforms are expected to witness significant gains over the forecast period on account of expansion of offshore natural gas production capacity in Brazil, Saudi Arabia, Oman, China and India.
Asia Pacific is expected to witness fastest growth, in terms of volume, at a CAGR of 6.0% from 2015 to 2022. The government of India announced incentives for increasing output of shipbuilding at a domestic level in November 2015, which is expected to open new markets.
- AkzoNobel N.V
- PPG Industries
- Sherwin Williams
- Nippon Paint Marine Coatings
- Boero YachtCoatings
- Chugoku Marine Paints
- Kansai Paint Group
- Aquarius Marine Coatings Ltd
- Advanced Marine Coatings (AMC)
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Industry Outlook
4. Application Outlook
5. Regional Outlook
6. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/wswxzw/antifouling