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Antifouling Coating Market Detailed Segmentation and Forecast 2022

Antifouling coating are used to improve the stability and resilience of underwater surfaces of marine vessels such as cargoes, drilling rigs, passenger ships, and a yacht. New developments in ship-based logistics services in emerging economies including Middle East countries, Brazil, and India is estimated to fuel market growth for these coatings.

The Global Antifouling Coating Industry is expected to witness growth on account of increasing demand for merchant fleets and navies and reach over USD 2.43 billion by 2022.


Increasing need for embedded compact systems as prerequisite in deep water offshore reserves coupled with rising importance for Floating Production Storage Offloading (FPSO) in upstream oil & gas sector is anticipated to result in an up surging demand for antifouling paints.

Demand for global antifouling coatings was 84.3 kilo tons in 2014 and is projected to surpass 130.0 kilo tons in the next seven years. It is expected to grow at a CAGR exceeding 5.0% in the forecast period. Furthermore, demand for antifouling paints in shipping vessels was approximately 71.0 kilo tons in 2014. Production platforms and drilling rigs are projected to gain prominence attributing to the expansion of offshore natural gas production capacity in Saudi Arabia and Brazil over the forecast period.

Support from regulatory bodies in countries including China, Angola, Nigeria, Malaysia, and Brazil, in an attempt to encourage foreign investments at a national level is expected to have a positive impact on the offshore oil & gas market.

To Know More About Antifouling Coating Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/antifouling-coating-market

In 2014, demand for production platforms & drilling rigs was over 13.0 kilo tons. In 2014, antifouling coatings accounted for nearly 80.0% of the total market share by volume owing to increasing use in shipping vessels due to their ability to save fuel from fouling organisms and extension of dry docking interval.

Top Players of Antifouling Coating Market:

Key manufacturers include Jotun A/S, PPG Industries, AkzoNobel N.V, Sherwin Williams, Hempel A/S, Nippon Marine and Kansai Paints.

Market Segmentation of Antifouling Coating Market:

The Global Antifouling Coating Market segmented on the basis of Application and Region.

By Application:

    Shipping Vessels
    Drilling Rigs & Production Platforms

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East Africa (MEA)

Inquire about Antifouling Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2746
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