Global Antifouling Coating Market to Witness Impressive Growth, Revenue to Surge to USD 3.2 Billion By 2028

The Global Antifouling Coating Market accounted for USD 2.12 Billion in 2020 and is expected to reach USD 3.2 Billion by 2028, growing at a CAGR of around 5% between 2021 and 2028.   

The antifouling coating market report include comprehensive view and analysis on the global and regional level. The report gives historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints and opportunities for the antifouling coating market along with the impact on the demand over the forecast period.

The report provides the complete view on the antifouling coating market and encompasses detailed product portfolio and strategic developments of key vendors. To know the competitive landscape of the antifouling coating market, an analysis of Porter’s five forces model is incorporated in the study. The study covers market attractiveness analysis, in application segments are analyzed based on the market size, growth rate, and attractiveness.

Based on end-user application, the global market antifouling coatings market is segmented as vessels, rigs, and various types of boats. Of which, the vessel segment dominates the antifouling coatings market globally. Numerous end users for antifouling paint and coating are mooring lines, shipping vessels, fishing boats, drilling rigs & production platforms and inland waterways transport. All the segments have been analyzed based on existing and future trends and the market is projected from 2016 to 2028. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Asia Pacific in 2020 ruled the Antifouling Coating market and was believed to be the highest income generating area all over the globe. This was majorly owing to the rapidly developing shipbuilding sector in Taiwan, Japan, the Philippines, China, and Korea.

The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. Some of the key players dominating the global antifouling coatings market are BASF SE, PPG Industries, Inc., AkzoNobel N.V., Archer Daniels Midland Company, Hempel, Nippon Paint Holdings Co. Ltd., Sherwin-Williams Company, Jotun, Chugoku Marine Paints Ltd. Other major players influencing the global market are Kansai Paint, Valspar, Comex, Dupont, Beckers, and Advance Marine Coatings AS.

Browse the full “Antifouling Coating Market By Application (Shipping Vessels, Drilling Rigs & Production Platforms): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028  .” Report at https://www.zionmarketresearch.com/report/antifouling-coatings-market

The global Antifouling Coating Market  is segmented as follows:

By Application

• Vessels
• Rigs
• Various types of boats

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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