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Antifouling Agent Market Size By Application, Industry Analysis Report, Regional Outlook (Europe, North America, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030

ID : MRU_46682 | Date : Jan, 2023 | Pages : 186 | Region : Global

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The antifouling agent utilizes its strong osmotic action, does not form a film on the surface layer, penetrates into the internal micropores, and forms a nanoscopic spherical crystalline curing layer, which can excellently prevent the entry of various water pollutants without affecting the color of the substrate. And permeability, to avoid the substrate caused by moisture retention inside the substrate lesions; dust and pollution can only float on the substrate surface, easy to clean. Waterproof and anti-fouling protection agent has strong penetration and plays a full protective role on the ground of buildings.
Fouling damages the body of the ship and decreases maneuverability which further leads to safety hazards. Therefore, coating shipping vessels with antifouling agents enhances not only the strength but also the overall performance of the vessels. These agents improve vessel performance by inhibiting the growth of sub-aquatic organisms on the underwater surfaces of the same. Commercial ships are generally coated with synthetic chemical compound paints. These chemical paints have adverse environmental effects. Rising ecological concerns are fuelling the need for biologically derived eco-friendly antifouling options. These may provide biomimetic and natural antifouling coatings. Biomimetics are expected to spur newer innovations in non-toxic options.
Middle East and Africa (MEA) antifouling agent market size was valued at more than USD 22 million in 2017 and is anticipated to increase further due to increase in capital expenditure for the offshore vessels development in Nigeria, Saudi Arabia, and Angola.Europe antifouling agent market demand was above 6 kilo tons in 2017. Countries including the UK and Italy where high penetration of yacht manufacturers is noted is likely to be among the key factors to drive the demand in the region.U.S. antifouling agent market size witnessed demand of more than 3 kilo tons in 2017 and is projected to observe significant growth over the forecast period. Increase in unconventional sources production such as tight oil and shale gas in Canada and the U.S. is expected to favorably impact the industry.
The Global Antifouling Agent Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global Antifouling Agent Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
PPG Industries
AkzoNobel
Sherwin-Williams
Jotun
Hempel
Advance Marine Coating
Nippon Paint
Kansai Paint

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Organotin Compounds
Biocides
Copper

In Market segmentation by applications :
Shipping Vessels
Drilling Rigs & Production Platform
Gas & Oil

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Antifouling Agent Market for the forecast period 2023-2030?
• What are the driving forces in the Antifouling Agent Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Antifouling Agent industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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