Description
Global Antifouling Coatings-Forecast Till 2025.
The global antifouling coatings market is anticipated to register a significant growth to register a significant CAGR of 4.95% during the review period to surpass a value of USD 3,510,076.9 thousand by the end of 2027. The antifouling coating is a covering of paint, and surface treatment used on a solid surface to prevent the attachment of unwanted organisms on the surface. The shipping industry is the major consumer of antifouling coatings, wherein the coatings are applied on the hulls to prevent biofouling and thus meet the tough environmental regulations regarding fuel consumption and carbon emissions.
The global antifouling coatings market is anticipated to witness healthy market growth during the forecast period owing to the rising demand for antifouling coatings in the shipping industry. The technological innovations and product improvements are assessed to set to create attractive opportunities for the producers of antifouling coatings soon. Nevertheless, fluctuations in the raw material prices on the backdrop of volatility in crude oil prices are anticipated to hamper the products’ prices and may hinder the growth of the antifouling coatings market during the assessment period. Also, the high cost of the primary raw materials used in the production of antifouling coatings is set to limit the growth of the global antifouling coatings market during the review period.
Market Segmentation
The global antifouling coatings market has been classified into type, application, and region.
Based on the type of segment, the global antifouling coatings market has been divided into the self-polishing copolymer, copper-based, hybrid, and others.
The self-polishing copolymer segment accounted for the largest market share in 2018 and is projected to register the highest CAGR during the study period.
In terms of application, the global antifouling coatings market has been classified into shipping vessels, drilling rigs, fishing boats, yachts & boats, mooring lines, and others.
Among these, the shipping vessels segment accounted for more than 58% of the market share in 2018. This can be attributed to the high dependency on water transportation for international trade and rapidly increasing global trade for various commodities.
Regional Analysis
Geographically, the global antifouling coatings market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is likely to command the global antifouling coatings market to register a CAGR of over 5.0% during the forecast period owing to the largest market share in 2019. The regional market has been further segmented into China, India, and Japan. The regional market growth is attributed to the rapid industrialization and the increasing per capita income in these countries.
North America held the second-largest market of the antifouling coatings market with the market value at over USD 200,000 thousand in 2018.
Major Players
Some of the prominent players operating in the global antifouling coatings market include AkzoNobel N.V., Jotun, PPG IndustriesInc., TheSherwin Williams Company, Nippon Paint Holdings Co. Ltd, BASF SE, Kansai Paint Co., Ltd., Boero, Hempel A/s, and Chugoku Marine Paints, Ltd.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 10
1.1 MARKET ATTRACTIVENESS ANALYSIS 13
1.1.1 GLOBAL ANTIFOULING COATINGS MARKET, BY TYPE 14
1.1.2 GLOBAL ANTIFOULING COATINGS MARKET, BY APPLICATION 15
2 MARKET INTRODUCTION 16
2.1 DEFINITION 16
2.2 SCOPE OF THE STUDY 16
2.3 MARKET STRUCTURE 16
3 MARKET DYNAMICS 17
3.1 INTRODUCTION 17
3.2 DRIVERS 18
3.2.1 IMPROVED PERFORMANCE DUE TO ANTIFOULING COATINGS 18
3.2.2 GROWING MARITIME TRADE 19
3.2.3 GROWTH OF THE OFFSHORE OIL & GAS INDUSTRY AND GLOBAL ENERGY DEMAND 20
3.2.4 DRIVERS IMPACT ANALYSIS 21
3.3 RESTRAINT 21
3.3.1 STRINGENT ENVIRONMENT REGULATIONS 21
3.3.2 RESTRAINT IMPACT ANALYSIS 22
3.4 OPPORTUNITY 22
3.4.1 PROJECTED RISE IN DEMAND FOR ENVIRONMENT FRIENDLY ANTIFOULING COATINGS 22
3.5 CHALLENGES 23
3.5.1 LOW EFFICIENCY OF COPPER-FREE ANTIFOULING COATING TECHNOLOGIES 23
3.5.2 VOLATILE RAW MATERIAL PRICES 23
4 MARKET FACTOR ANALYSIS 25
4.1 SUPPLY CHAIN ANALYSIS 25
4.1.1 RAW MATERIALS SUPPLIERS 26
4.1.1.1 RAW MATERIAL SUPPLIERS OF COPPER AND ITS OXIDES 26
4.1.1.2 RAW MATERIAL SUPPLIERS OF POLYDIMETHYLSILOXANE (PDMS) 26
4.1.2 ANTIFOULING COATING PRODUCERS 26
4.1.3 DISTRIBUTION CHANNELS 26
4.1.4 APPLICATION 26
4.2 PORTER’S FIVE FORCES MODEL 27
4.2.1 THREAT OF NEW ENTRANTS 27
4.2.2 INTENSITY OF RIVALRY 28
4.2.3 THREAT OF SUBSTITUTES 28
4.2.4 BARGAINING POWER OF SUPPLIERS 28
4.2.5 BARGAINING POWER OF BUYERS 28
4.3 PRICING OVERVIEW – BY REGION, 2017–2019 (USD/TONS) 29
4.4 REGULATORY ANALYSIS 29
4.4.1 REGULATORY OVERVIEW AT THE REGIONAL LEVEL 29
4.4.2 REGULATORY FRAMEWORK AND TIMELINE FOR ENVIRONMENTALLY HARMFUL PRODUCTS 33
4.4.3 PRODUCT TESTING 36
4.4.3.1 INTRODUCTION 36
4.4.3.2 ANTIFOULING STANDARDS AND SPECIFICATIONS 36
4.4.3.3 ASTM STANDARDS RELATED TO MARINE COATINGS 37
4.4.3.4 SIGNIFICANT & USES OF THE ASTM STANDARDS FOR MARINE COATINGS 37
4.4.3.4.1 D3623-78A: STANDARD TEST METHOD FOR TESTING ANTIFOULING PANELS IN SHALLOW SUBMERGENCE 37
4.4.3.4.2 D4938-89: STANDARD TEST METHOD FOR EROSION TESTING OF ANTIFOULING PAINTS USING HIGH-VELOCITY WATER 37
4.4.3.4.3 D4939-89: STANDARD TEST METHOD FOR SUBJECTING MARINE ANTIFOULING COATING TO BIOFOULING AND FLUID SHEAR FORCES IN NATURAL SEAWATER 38
4.4.3.4.4 D5063-90: STANDARD GUIDE FOR THE USE OF CERTIFICATION OF COATING CONFORMANCE FORM 38
4.4.3.4.5 D5479-94: STANDARD PRACTICE FOR TESTING BIOFOULING RESISTANCE OF MARINE COATINGS PARTIALLY IMMERSED 38
4.4.3.4.6 D6442-06: STANDARD TEST METHOD FOR DETERMINATION OF COPPER RELEASE RATE FROM ANTIFOULING COATINGS IN SUBSTITUTE OCEAN WATER 38
4.4.3.4.7 D6903-07: STANDARD TEST METHOD FOR DETERMINATION OF ORGANIC BIOCIDE RELEASE RATE FROM ANTIFOULING COATINGS IN SUBSTITUTE OCEAN WATER 38
4.4.3.5 ISO STANDARDS FOR ANTIFOULING PAINTS AND COATINGS 39
4.4.3.5.1 ISO 15181-1 39
4.4.3.5.2 ISO 15181-2 39
4.4.3.5.3 ISO 15181-3 39
4.4.3.5.4 ISO 15181-4 39
4.4.3.5.5 ISO 15181-5 39
4.4.3.5.6 ISO 15181-6 39
4.4.3.5.7 ISO 10890 39
4.4.3.5.8 ISO DIS 22987 40
4.4.3.5.9 ISO 13073-1 40
4.4.3.5.10 ISO 13073-2 40
4.4.3.5.11 ISO 13073-3 40
4.5 ENVIRONMENT-FRIENDLY PRODUCTS AND TECHNOLOGIES 40
4.6 IMPACT OF COVID-19 ON THE GLOBAL MARKET FOR ANTIFOULING COATINGS 44
5 GLOBAL ANTIFOULING COATINGS MARKET, BY TYPE 45
5.1 INTRODUCTION 45
5.2 SELF-POLISHING COPOLYMER 47
5.3 COPPER BASED 48
5.4 HYBRID 49
5.5 OTHERS 50
6 GLOBAL ANTIFOULING COATINGS MARKET, BY APPLICATION 52
6.1 INTRODUCTION 52
6.2 SHIPPING VESSELS 54
6.3 DRILLING RIGS 55
6.4 FISHING BOAT 56
6.5 YACHTS AND BOATS 57
6.6 MOORING LINES 58
6.7 OTHERS 59
6.7.1 REGULATIONS BY APPLICATION 60
6.8 MAINTENANCE CYCLE FOR EACH APPLICATION 61
7 GLOBAL ANTIFOULING COATINGS MARKET, BY REGIONAL OVERVIEW 63
8 COMPETITIVE LANDSCAPE 65
8.1 INTRODUCTION 65
8.2 MARKET STRATEGY ANALYSIS 65
8.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 66
8.4 COMPETITIVE BENCHMARKING 69
8.5 MARKET PLAYERS ANALYSIS 70
8.5.1 MARKET SHARE AND REGIONAL PRESENCE 70
8.5.2 EFFORTS AND DETAILS ON ENVIRONMENTAL-FRIENDLY PRODUCTS 76
8.5.3 LIST OF EXISTING ENVIRONMENTAL-FRIENDLY PRODUCTS 77
9 COMPANY PROFILES 79
9.1 PPG INDUSTRIES, INC. 79
9.1.1 COMPANY OVERVIEW 79
9.1.2 FINANCIAL OVERVIEW 80
9.1.3 PRODUCTS OFFERED 81
9.1.4 KEY DEVELOPMENTS 82
9.1.5 SWOT ANALYSIS 82
9.1.6 KEY STRATEGIES 83
9.2 NIPPON PAINT HOLDINGS CO., LTD. 84
9.2.1 COMPANY OVERVIEW 84
9.2.2 FINANCIAL OVERVIEW 84
9.2.3 PRODUCTS OFFERED 85
9.2.4 KEY DEVELOPMENTS 85
9.2.5 SWOT ANALYSIS 86
9.2.6 KEY STRATEGIES 86
9.3 THE SHERWIN-WILLIAMS COMPANY 87
9.3.1 COMPANY OVERVIEW 87
9.3.2 FINANCIAL OVERVIEW 88
9.3.3 PRODUCTS OFFERED 88
9.3.4 KEY DEVELOPMENT 89
9.3.5 SWOT ANALYSIS 89
9.3.6 KEY STRATEGIES 89
9.4 AKZO NOBEL N.V. 90
9.4.1 COMPANY OVERVIEW 90
9.4.2 FINANCIAL OVERVIEW 90
9.4.3 PRODUCTS OFFERED 91
9.4.4 KEY DEVELOPMENTS 92
9.4.5 SWOT ANALYSIS 92
9.4.6 KEY STRATEGIES 92
9.5 BASF SE 93
9.5.1 COMPANY OVERVIEW 93
9.5.2 FINANCIAL OVERVIEW 94
9.5.3 PRODUCTS OFFERED 94
9.5.4 KEY DEVELOPMENTS 94
9.5.5 SWOT ANALYSIS 95
9.5.6 KEY STRATEGIES 95
9.6 JOTUN 96
9.6.1 COMPANY OVERVIEW 96
9.6.2 FINANCIAL OVERVIEW 96
9.6.3 PRODUCTS OFFERED 97
9.6.4 KEY DEVELOPMENTS 97
9.6.5 SWOT ANALYSIS 99
9.6.6 KEY STRATEGIES 99
9.7 KANSAI PAINT CO., LTD 100
9.7.1 COMPANY OVERVIEW 100
9.7.2 FINANCIAL OVERVIEW 100
9.7.3 PRODUCTS OFFERED 101
9.7.4 KEY DEVELOPMENTS 101
9.7.5 SWOT ANALYSIS 102
9.7.6 KEY STRATEGIES 102
9.8 BOERO 103
9.8.1 COMPANY OVERVIEW 103
9.8.2 FINANCIAL OVERVIEW 103
9.8.3 PRODUCTS OFFERED 103
9.8.4 KEY DEVELOPMENTS 104
9.8.5 SWOT ANALYSIS 104
9.8.6 KEY STRATEGIES 104
9.9 HEMPEL A/S 105
9.9.1 COMPANY OVERVIEW 105
9.9.2 FINANCIAL OVERVIEW 105
9.9.3 PRODUCTS OFFERED 106
9.9.4 KEY DEVELOPMENTS 107
9.9.5 SWOT ANALYSIS 108
9.9.6 KEY STRATEGIES 108
9.10 CHUGOKU MARINE PAINTS, LTD. 109
9.10.1 COMPANY OVERVIEW 109
9.10.2 FINANCIAL OVERVIEW 109
9.10.3 PRODUCTS OFFERED 110
9.10.4 KEY DEVELOPMENTS 110
9.10.5 SWOT ANALYSIS 111
9.10.6 KEY STRATEGIES 111
10 APPENDIX 112
10.1 REFERENCES 112
10.2 GLOBAL ANTIFOULING COATINGS MARKET, BY REGION 113
10.2.1 NORTH AMERICA 116
10.2.1.1 US 119
10.2.1.2 CANADA 121
10.2.2 EUROPE 123
10.2.2.1 GERMANY 126
10.2.2.2 UK 128
10.2.2.3 RUSSIA 130
10.2.2.4 FRANCE 132
10.2.2.5 SPAIN 134
10.2.2.6 ITALY 136
10.2.2.7 REST OF EUROPE 138
10.2.3 ASIA-PACIFIC 140
10.2.3.1 CHINA 143
10.2.3.2 JAPAN 145
10.2.3.3 INDIA 147
10.2.3.4 SOUTH KOREA 149
10.2.3.5 REST OF ASIA-PACIFIC 151
10.2.4 MIDDLE EAST & AFRICA 153
10.2.4.1 TURKEY 156
10.2.4.2 GCC 158
10.2.4.3 SOUTH AFRICA 160
10.2.4.4 REST OF THE MIDDLE EAST & AFRICA 162
10.2.5 LATIN AMERICA 164
10.2.5.1 BRAZIL 167
10.2.5.2 MEXICO 169
10.2.5.3 ARGENTINA 171
10.2.5.4 REST OF LATIN AMERICA 173
10.3 RESEARCH METHODOLOGY 175
10.3.1 RESEARCH PROCESS 175
10.3.2 PRIMARY RESEARCH 176
10.3.3 SECONDARY RESEARCH 177
10.3.4 MARKET SIZE ESTIMATION 177
10.3.5 FORECAST MODEL 178
10.3.6 LIST OF ASSUMPTIONS 179
10.4 SUMMARY OF RESPONDANT PROFILES AND QUESTIONNAIRE 179
10.4.1 RESPONDANT PROFILES 179
10.4.2 RESPONDANTS QUOTES 181
10.4.3 QUESTIONNAIRE 183
10.5 LIST OF TABLES 186
10.6 LIST OF FIGURES 190
10.7 RELATED REPORTS 191
