DUBLIN–(BUSINESS WIRE)–The “Antifouling Coatings – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Antifouling Coatings estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$7.8 Billion by 2027, growing at a CAGR of 11.7% over the period 2020-2027. Shipping Vessels, one of the segments analyzed in the report, is projected to grow at a 11.9% CAGR to reach US$7.2 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Drilling Rigs & Production Platforms segment is readjusted to a revised 9.6% CAGR for the next 7-year period. This segment currently accounts for a 9.8% share of the global Antifouling Coatings market.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 15.4% CAGR for the Period of 2020-2027
The Antifouling Coatings market in the U. S. is estimated at US$976.6 Million in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2027 trailing a CAGR of 15.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 10.2% respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 9.2% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Akzo Nobel NV
- Altex Coatings Ltd.
- BASF SE
- Boero Bartolomeo S. p.A.
- Chugoku Marine Paints Ltd.
- DuPont Industrial Biosciences
- Hempel A/S
- Jotun A/S
- Kansai Paint Marine Co., Ltd.
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- PYI Inc.
- San Cera Coat Industries Pvt., Ltd.
- Sea Hawk Paints
- The Sherwin-Williams Company
The Witham Group
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Antifouling Coatings Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/lxbguf
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900