Research and Markets - Global Antifouling Coatings Market 2016-2020 - Demand From oil and gas Industry With AkzoNobel, Hempel, Jotun, PPG Industries & Sherwin-Williams Dominating

DUBLIN, May 24, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Antifouling Coatings Market 2016-2020" report to their offering.

The global antifouling coatings market to grow at a CAGR of 13% during the period 2016-2020.

Global Antifouling Coatings Market 2016-2020, 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.

Antifouling coatings are coatings such as paints are applied to boats, yachts, or ships to reduce the growth of organisms on the part of the ship that is under water and prevent corrosion of metal hulls. Such coatings help in improving the durability and performance of the vessel. In addition, these coatings are also used in fixed and floating offshore oil rigs.

One of the major trends expected to contribute to the growth of the global antifouling coatings market is the rapid advancements in technology. Companies invest heavily in R&D to further enhance the efficiency of antifouling coatings, which is expected to increase their demand from end-users.

According to the report, one of the major drivers contributing to the growth of the global antifouling coatings market is the high demand from the oil and gas industry. Growing population, urbanization, and increased demand for oil and gas from the transportation industry are the reasons for this growth. Extensive use of antifouling coatings for long-term protection of marine facilities and the rapid adoption of innovative products and technologies in the antifouling coatings market are expected to boost the growth of the global antifouling coatings market during the forecast period.

Further, the report states that the projected decline in the global shipbuilding industry is one of the challenges hindering the growth of the global antifouling coatings market.

Key vendors

- AkzoNobel

- Hempel

- Jotun

- PPG Industries

- Sherwin-Williams

Other prominent vendors

- Admiral Coatings

- Advanced Marine Coatings

- BASF

- Chugoku Marine Paints

- DuPont

- Kansai Paint

- Nippon Paint Holdings

Key Topics Covered:

PART 01: Executive summary

- Highlights

PART 02: Scope of the report

- Market overview

- Top-vendor offerings

PART 03: Market research methodology

- Research methodology

- Economic indicators

PART 04: Introduction

- Key market highlights

- Overview

PART 05: Market landscape

- Global antifouling coatings market

PART 06: Market segmentation by application

- Global antifouling coatings market for vessels

- Global antifouling coatings market for rigs

PART 07: Geographical segmentation

- Antifouling coatings market in APAC

- Antifouling coatings market in Europe

- Antifouling coatings market in North America

PART 08: Key leading countries

PART 09: Market drivers

- Demand from oil and gas industry

- Extensive use in marine equipment

- Development of sustainable solutions

PART 10: Impact of drivers

PART 11: Market challenges

- Projected decline of shipbuilding industry

- Stringent environmental regulations

- Consolidation of shipping companies

- Decline in oil prices

PART 12: Impact of drivers and challenges

PART 13: Market trends

- Advances in technology

- Increased consumer preference for eco-friendly products

- Steady demand from rigs market

PART 14: Vendor landscape

- Competitive scenario

- Key vendors

- Other prominent vendors

PART 15: Key vendor analysis

- AkzoNobel

- Hempel

- Jotun

- PPG Industries

- Sherwin-Williams

PART 16: Appendix

For more information visit http://www.researchandmarkets.com/research/t6ntlt/global

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