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Antifouling Coatings Market 2019 Overview, Top Competitors and Industry Share and Size

Press Release

Antifouling coatings market is growing with the expansion of global trade through sea routes, the number of container ships, bulk carrier ships and cargo ships manufactured have increased, which in turn widens the scope of the antifouling coatings market in Asia-Pacific. The key countries contributing to the antifouling coating industry in Asia-Pacific region are China, South Korea and Japan.

Antifouling coatings are coatings or paints that are applied to the hull of a boat, yacht or ship to prevent corrosion of metallic hulls and to decrease the expansion of organisms on the water submerged surfaces. The performance and durability of vessel can be improved by using antifouling coatings. These coatings are also used in floating and fixed offshore oil rigs. Submerged surfaces in the marine environment are affected by algae, bacteria, diatoms and invertebrates that cause hydrodynamic drag increase resulting in more fuel consumption, and decreased operational range and speed.

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In modern time, antifouling coatings are formulated by using special chemicals which impede the growth of barnacles, algae, and marine organisms. These special chemicals include organotin compounds, copper, and some other biocides. The commercial ships commonly use an anti-fouling coating that includes synthetic chemical compounds that have harmful effects on the environment.

Companies are investing a lot in research and development to expand the efficiency of antifouling coatings, which in turn is expected to increase the demand from end-users. Technology advancement worldwide is one of the trends expected to add to the growth of the global antifouling coatings market. Increased demand of oil and gas, increasing population and urbanization are drivers for growth of antifouling coatings market. These are also widely used for the protection of structural infrastructure and machinery in rigs.

Opportunities in the market lie with the growth in oil and gas industry. Upcoming technology and advancement in antifouling coatings industry owing to environmental focus amongst ship owners and shipyard clients has led to the search for biologically inspired antifouling strategies which would impact the future of antifouling coating market development.

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Some of the key players in the industry include PPG Industries Inc., Jotun, Sherwin-Williams Company, AkzoNobel N.V., BASF SE, Hempel, Archer Daniels Midland Company, Chugoku Marine Paints LTD, Advance Marine Coatings AS, Kansai Paint and Nippon Paint Holdings Co. Ltd among others.

This post was originally published on Raleigh Recorder

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