Global Antifouling Coatings Market 2017-2021 - Use of Eco-friendly Components Gaining Momentum

Global Antifouling Coatings Market 2017-2021 - Use of Eco-friendly Components Gaining Momentum

PR Newswire

DUBLIN, September 11, 2017

DUBLIN, September 11, 2017 /PRNewswire/ --

The "Global Antifouling Coatings Market 2017-2021" report has been added to Research and Markets' offering.

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The global antifouling coatings market to grow at a CAGR of 13.11% during the period 2017-2021.

Global Antifouling Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The latest trend gaining momentum in the market is Use of eco-friendly components. Antifouling coatings contain chemicals that cause harm to the marine flora and fauna. Strict regulations against the use of harmful chemicals have been implemented to safeguard the marine environment. Research and experiments are being undertaken to find alternatives to these harmful chemicals and replace them with eco-friendly ones. It is possible that in the coming years, antifouling coatings with no biocide may enter the market. This can be a step ahead toward sustainability.

According to the report, one of the major drivers for this market is Growth in ship building industry. The ship building industry is a major end user for the global antifouling coatings market. The growth rate of this industry was very slow until 2010. Since then, it has shown accelerated growth mainly due to growth in seaborne trade, increasing global Foreign Direct Investment (FDI) flows, and expanding multinational company's businesses. Manufacturing new ships and an increase in repair and maintenance of old ships are major growth drivers for the global antifouling coatings market.

Further, the report states that one of the major factors hindering the growth of this market is Cost of raw materials. The price of raw materials has always been a challenge for the global antifouling coatings market. The manufacturing of antifouling coatings involves many chemicals, which are available in the commodities market. Fluctuation in the prices of these components affects the price of antifouling coatings. For example, copper is one of the major components in several antifouling coatings. Fluctuation in the price of copper will directly impact the price of antifouling coatings.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ljfltf/global

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