Market Overview:
The global antifouling agent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for antifouling agents from shipping vessels, drilling rigs & production platforms, and gas & oil applications. In terms of type, the organotin compounds segment is expected to lead the global antifouling agent market during the forecast period. This can be attributed to their high efficiency and low toxicity levels as compared with other types of antifouling agents. In terms of application, the shipping vessels segment is projected to lead the global market during the forecast period owing to an increase in maritime trade across different regions.
Product Definition:
Antifouling agents are substances that can be applied to a surface to prevent or inhibit fouling by marine organisms such as barnacles, algae and mussels.
Organotin Compounds:
Organotins or organo tin compounds are a group of chemical compounds, which contain tine or tin (Sn) group. They are also known as organic anions and have similar structures to inorganic anions such as halides, phosphates, and nitrates.
Biocides:
Biocides are chemicals that are used to kill or inhibit the growth of microorganisms. Biocides can be used in both synthetic and natural water systems. The most common biocide is sodium hypochlorite, which is a liquid bleach used for disinfection and sterilization purposes.
The global antifouling agent market size was valued at USD 1,849 million in 2016.
Application Insights:
The shipping vessels application segment led the market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The rising demand for crude oil and natural gas, coupled with the expansion of existing pipeline systems, is anticipated to drive antifouling agent consumption in this application segment.
Antifouling agents are used for cleaning and disinfection purposes on board ships, which helps prevent bacterial infection that can spread through ship ventilation systems. They are also used for controlling fouling organisms such as barnacles that can damage hulls by growing too close or attaching themselves onto them.
The drilling rigs & production platforms application segment accounted for 15% share of the global revenue in 2017 due to increasing offshore exploration activities across various regions including Latin America Pacific Ocean (LAPO). This growth has resulted into an increased need for protection against biocides as well as copper compounds that may be naturally present on rig surfaces or equipment components during drilling operations.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness a significant growth rate of 5.6% over the forecast period. The region has been witnessing rapid development in its shipbuilding sector on account of rising demand for oil products, chemicals, and other industrial goods from China. In addition, increasing offshore drilling activities are expected to drive antifouling agent demand in this region over the forecast period.
The U.S., China, Japan were among top five producers of shipping vessels globally with combined capacity exceeding 1 million units in 2017 as reported by Lloyd's List (UK). Increasing number of ships registered under flags including U.S.
Growth Factors:
- Increasing demand for antifouling paints and coatings in the marine industry to reduce drag and increase fuel efficiency
- Growing popularity of green/eco-friendly antifouling agents that are biodegradable and non-toxic
- Proliferation of leisure boats and yachts, which is driving the need for better protection against fouling organisms
- Development of new, more effective antifouling agents that can combat increasingly resistant strains of algae, barnacles, etc
- Increased investment in research & development by manufacturers to develop novel products and formulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Antifouling Agent Market Research Report
By Type
Organotin Compounds, Biocides, Copper
By Application
Shipping Vessels, Drilling Rigs & Production Platform, Gas & Oil
By Companies
PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Advance Marine Coating, Nippon Paint, Kansai Paint, PPG Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Antifouling Agent Market Report Segments:
The global Antifouling Agent market is segmented on the basis of:
Types
Organotin Compounds, Biocides, Copper
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shipping Vessels, Drilling Rigs & Production Platform, Gas & Oil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- AkzoNobel
- Sherwin-Williams
- Jotun
- Hempel
- Advance Marine Coating
- Nippon Paint
- Kansai Paint
- PPG Industries
Highlights of The Antifouling Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organotin Compounds
- Biocides
- Copper
- By Application:
- Shipping Vessels
- Drilling Rigs & Production Platform
- Gas & Oil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Antifouling Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Antifouling agent is a chemical or biological agent that inhibits the growth of fouling organisms on metal surfaces.
Some of the major players in the antifouling agent market are PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Advance Marine Coating, Nippon Paint, Kansai Paint, PPG Industries.
The antifouling agent market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Antifouling Agent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Antifouling Agent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Antifouling Agent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Antifouling Agent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Antifouling Agent Market Size & Forecast, 2018-2028
4.5.1 Antifouling Agent Market Size and Y-o-Y Growth
4.5.2 Antifouling Agent Market Absolute $ Opportunity
Chapter 5 Global Antifouling Agent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Antifouling Agent Market Size Forecast by Type
5.2.1 Organotin Compounds
5.2.2 Biocides
5.2.3 Copper
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Antifouling Agent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Antifouling Agent Market Size Forecast by Applications
6.2.1 Shipping Vessels
6.2.2 Drilling Rigs & Production Platform
6.2.3 Gas & Oil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Antifouling Agent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Antifouling Agent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Antifouling Agent Analysis and Forecast
9.1 Introduction
9.2 North America Antifouling Agent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Antifouling Agent Market Size Forecast by Type
9.6.1 Organotin Compounds
9.6.2 Biocides
9.6.3 Copper
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Antifouling Agent Market Size Forecast by Applications
9.10.1 Shipping Vessels
9.10.2 Drilling Rigs & Production Platform
9.10.3 Gas & Oil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Antifouling Agent Analysis and Forecast
10.1 Introduction
10.2 Europe Antifouling Agent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Antifouling Agent Market Size Forecast by Type
10.6.1 Organotin Compounds
10.6.2 Biocides
10.6.3 Copper
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Antifouling Agent Market Size Forecast by Applications
10.10.1 Shipping Vessels
10.10.2 Drilling Rigs & Production Platform
10.10.3 Gas & Oil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Antifouling Agent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Antifouling Agent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Antifouling Agent Market Size Forecast by Type
11.6.1 Organotin Compounds
11.6.2 Biocides
11.6.3 Copper
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Antifouling Agent Market Size Forecast by Applications
11.10.1 Shipping Vessels
11.10.2 Drilling Rigs & Production Platform
11.10.3 Gas & Oil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Antifouling Agent Analysis and Forecast
12.1 Introduction
12.2 Latin America Antifouling Agent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Antifouling Agent Market Size Forecast by Type
12.6.1 Organotin Compounds
12.6.2 Biocides
12.6.3 Copper
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Antifouling Agent Market Size Forecast by Applications
12.10.1 Shipping Vessels
12.10.2 Drilling Rigs & Production Platform
12.10.3 Gas & Oil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Antifouling Agent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Antifouling Agent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Antifouling Agent Market Size Forecast by Type
13.6.1 Organotin Compounds
13.6.2 Biocides
13.6.3 Copper
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Antifouling Agent Market Size Forecast by Applications
13.10.1 Shipping Vessels
13.10.2 Drilling Rigs & Production Platform
13.10.3 Gas & Oil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Antifouling Agent Market: Competitive Dashboard
14.2 Global Antifouling Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 AkzoNobel
14.3.3 Sherwin-Williams
14.3.4 Jotun
14.3.5 Hempel
14.3.6 Advance Marine Coating
14.3.7 Nippon Paint
14.3.8 Kansai Paint
14.3.9 PPG Industries
