Antifouling Coatings Market is growing with the expansion of global trade through sea routes, the number of container ships, bulk carrier ships and cargo ships manufactured have increased, which in turn widens the scope of the antifouling coatings market in Asia-Pacific. The key countries contributing to the antifouling coating industry in Asia-Pacific region are China, South Korea and Japan.
The performance and durability of vessel can be improved by using antifouling coatings. These coatings are also used in floating and fixed offshore oil rigs.

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Growth of organisms affects the performance and profitability of the ships or yachts in many ways, including decrease in the maximum speed of the ships and severe damage overtime by some marine growth such as shipworms. Also, harmful marine organisms may get transported by ships to other areas

In modern time, antifouling coatings are formulated by using special chemicals which impede the growth of barnacles, algae, and marine organisms. These special chemicals include organotin compounds, copper, and some other biocides. The commercial ships commonly use an anti-fouling coating that includes synthetic chemical compounds that have harmful effects on the environment. The prohibition on the use of these antifouling coatings led to the exploration for biologically inspired antifouling strategies which may provide with the natural and biomimetic antifouling surface coatings.

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Antifouling coatings market is predictable decline in the shipbuilding industry. The market has also been witnessing the growing consumer preference for eco-friendly products due to which strict environmental regulations have been imposed that poses a challenge to the growth of this market. Also, the volatility in price of Raw Materials hinders to the growth of the anti-fouling coating market.

Some of the key players in the industry include PPG Industries Inc., Jotun, Sherwin-Williams Company, AkzoNobel N.V., BASF SE, Hempel, Archer Daniels Midland Company, Chugoku Marine Paints LTD, Advance Marine Coatings AS, Kansai Paint and Nippon Paint Holdings Co. Ltd among others.

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