Wednesday, May 11th, 2016 - RnR Market Research

RnRMarketResearch.com adds Global Antifouling Coatings Market 2016-2020 latest research report, analysts forecast global antifouling coatings market to grow at a CAGR of 13% during the period 2016-2020.

Complete report on antifouling coatings market is now available at http://www.rnrmarketresearch.com/global-antifouling-coatings-market-2016-2020-market-report.html

According to the antifouling coatings market 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.

The global antifouling coatings market analyst said 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."

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The report, Global Antifouling Coatings Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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. This report covers the present scenario and the growth prospects of the global antifouling coatings market for 2016-2020.

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.

Order a copy of Global Antifouling Coatings Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=539936  

Key players in the global antifouling coatings market: AkzoNobel, Hempel, Jotun, PPG Industries, and Sherwin-Williams.

Other Prominent Vendors in the market are: Admiral Coatings, Advanced Marine Coatings, BASF, Chugoku Marine Paints, DuPont, Kansai Paint, and Nippon Paint Holdings.

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.

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