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 ...