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Antifouling Coating Market Research Till 2022: Key Region Wholesale Durham Smythe Jersey , Manufacturing Base and Market Restraints
by rajshukla2017 · January 7, 2019
Industry Insights
07 January 2019: Global Antifouling Coating Market Size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels Wholesale Jason Sanders Jersey , cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.
Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products鈥?growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion Wholesale Jerome Baker Jersey , external contamination and fouling is expected to fuel market growth.
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Competitive Insights
Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun Wholesale Mike Gesicki Jersey , 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 Wholesale Michael Deiter Jersey , 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 Wholesale Christian Wilkins Jersey , developed a new harmless antifouling coating using palm seed.
Application Insights
In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue Cheap Dan Marino Jersey , over the forecast period. Companies functioning in oil & gas sector are continuously investing in the. Wholesale Air Max Cheap Nike Shoes Online Cheap Jordan 11 Cheap Nike Shoes China Cheap Air Max Womens Cheap Nike Air Max 2018 Cheap Nike Air Max 90 Cheap Air Max 270 Womens Air Jordan 12 For Sale Air Max 2017 Clearance