Why Industries Giving so much Importance to Anti-Fouling Paints and Coatings? Know the Real Facts
The anti-fouling paints and coatings market is anticipated to witness a high growth during the forecast period owing to an upsurge in demands from the shipping industry. In addition, strict environmental regulations for sustainable and eco-friendly products further encourage the growth of the anti-fouling paints and coatings market. However, predictable decline in the shipbuilding industry and volatility in the raw material prices are major restraints for the anti-fouling paints and coatings market. On the other hand, growing oil and gas industry along with technological advancements in biologically inspired anti-fouling paints and coatings is likely to showcase growth opportunities for key players of the anti-fouling paints and coatings market during the forecast period.
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Anti-fouling paints and coatings also referred to as hull paints or bottom water paints are applied to improve the durability and performance of the marine vessels including ships and aquaculture nets. It aids the detachment of subaquatic organisms and also slows down their growth. In addition, anti-fouling paints and coatings serve other functions such as protection against corrosion and reduce fuel consumption. Anti-fouling coatings are environment-friendly as they help in reducing greenhouse gases emission by ensuring the improved flow of water past the fouling-free surfaces of ships.
The report also includes the profiles of key anti-fouling paints and coatings companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Akzo Nobel N.V.
- Archer Daniels Midland Company
- BASF SE
- Boero Bartolomeo S.p.A.
- Chugoku Marine Paints, Ltd.
- HEMPEL A/S
- Jotun
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
The reports cover key developments in the anti-fouling paints and coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from anti-fouling paints and coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for anti-fouling paints and coatings in the global market. Below mentioned is the list of few companies engaged in the anti-fouling paints and coatings market.
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