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Antifouling Coating Market Types Analysis, By Size, By Applications, Growth & Forecast 2025

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Geeta Desai
Antifouling Coating Market Types Analysis, By Size, By Applications, Growth & Forecast 2025

Antifouling coatings are specialized paints applied to the ship's hull to slow the marine growth on the underwater area which can affect the vessels performance and durability. In addition to preventing marine growth, the hull coating can also act as a barrier against hull corrosion that will degrade and weaken the metal.

In order to maintain the performance and the life of the vessel, manufacturers use antifouling coatings that contain special chemicals designed to prevent growth of algae, barnacles, and other such living organisms. Asia-Pacific was the largest market, accounting for over 85% of the global volume in 2014.

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Shipbuilding activities are robust in South Korea, China, Japan, Taiwan, and Philippines. This is expected to result in the dominance of Asia-Pacific within the shipbuilding sector, thereby driving demand for antifouling paints in the region. Moreover, increasing expenditure for the exploration and production of crude oil & natural gas in China, India and Thailand are expected to further fuel demand for these paints in drilling rigs & production platforms.

Read More @ https://www.marketwatch.com/press-release/growth-of-antifouling-coating-market-industry-analysis-and-forecasts-2019-to-2025-2019-12-13

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Geeta Desai
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