Antifouling Agents Market Demand in Marine and Oil & Gas End-use Segments to 2027 Antifouling Agents Market: Introduction
Antifouling agents are coatings and specialized paints that are used on the hulls of ships. They are made of organotin compounds, biocides, and copper. Submerged surfaces of marine vessels are affected by algae, bacteria, diatoms, and invertebrates that increase drag. This results in decreased operational speed and range, and increased fuel consumption.
Sometimes, harmful marine organisms get transferred by ships to other areas. This can lead to safety hazards. Antifouling agents enhance durability, strength, and performance of marine vessels by inhibiting corrosion and growth of sub-aquatic organisms.
Key Drivers of Antifouling Agents Market
Rise in demand for solutions that minimize speed loss and thus reduce fuel consumption and improve operational efficiency of marine vessels is driving the antifouling agents market. Antifouling agents have emerged as the top choice for protection of marine vessels.
Increase in production and exploration of crude oil and natural gas in countries such as China, India, and Thailand and growth in usage of antifouling agents in marine vessels are likely to boost the demand for antifouling agents
Rise in demand for drilling rigs and production platforms led by the increase in spending on floating production and offloading (FPSO) vessels by the oil & gas industry is expected to propel the antifouling agents market in the near future
Protection against fouling, external contamination, and corrosion; and increase in condition-based monitoring trend over non-consistent preservation in the shipping industry are anticipated to augment the demand for antifouling agents
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Rise in demand for oil and gas is projected to propel the demand for antifouling agents in the near future. High growth rate of floating production and offloading FPSO vessels, and application of antifouling coating in these vessels are likely to spur the demand for antifouling agents during the forecast period.
Growth in shipbuilding activities is estimated to positively impact the antifouling agents market. Emergence of various applications of antifouling agents such as fuel saving and maintenance of efficiency by avoiding growth of fouling agents are projected to propel the demand for antifouling agents in automotive industries in the next few years.