Global Antifouling Coatings Market to Reach $7.1 Billion by 2026

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Aug 20, 2021, 10:40 ET

SAN FRANCISCO, Aug. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Antifouling Coatings - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 6411
Companies: 38 - Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Application (Shipping Vessels, Drilling Rigs & Production Platforms)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Antifouling Coatings Market to Reach $7.1 Billion by 2026
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$7.1 Billion by 2026, growing at a CAGR of 11.7% over the analysis period. Shipping Vessels, one of the segments analyzed in the report, is projected to record 11.9% CAGR over the analysis period. After a through 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.

The U.S. Market is Estimated at $1.0 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Antifouling Coatings market in the U.S. is estimated at US$1.0 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 15.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 10.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.