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Insights on the Antifouling Coatings Global Market to 2027 - Featuring Hempel, Jotun & Kansai Paint Marine Among Others.

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M2 PRESSWIRE-July 9, 2020-: Insights on the Antifouling Coatings Global Market to 2027 - Featuring Hempel, Jotun & Kansai Paint Marine Among Others

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RDATE:09072020

The "Antifouling Coatings - Global Market Trajectory & Analytics"

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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$7.8 Billion by 2027, growing at a CAGR of 11.7% over the period 2020-2027. Shipping Vessels, one of the segments analyzed in the report, is projected to grow at a 11.9% CAGR to reach US$7.2 Billion by the end of the analysis period. After an early 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. This segment currently accounts for a 9.8% share of the global Antifouling Coatings market.The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 15.4% CAGR for the Period of 2020-2027The Antifouling Coatings market in the U. S. is estimated at US$976.6 Million in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2027 trailing a CAGR of 15.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 10.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR while Rest of European market (as defined in the study) will reach US$1.7 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among othersAkzo Nobel NVAltex...

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