QYResearch: The global Silicone-based Fouling Release Coatings market is expected to reach USD 150.43 million by the end of 2022


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    QYResearch: The global Silicone-based Fouling Release Coatings market is expected to reach USD 150.43 million by the end of 2022

    The silicone-based fouling release coatings is a type of antifouling coating, it is a silicone based, biocide free release coating and mainly used for marine industry.

    According to QYResearch, The global Silicone-based Fouling Release Coatings sales market was 2517250 Kg in 2016 and is expected to grow at a CAGR of 1.69% from 2012 to 2016. The global Silicone-based Fouling Release Coatings market was valued at USD 157.48 million in 2016 and is expected to reach USD 150.43 million by 2022.

    The technical barriers of Silicone-based Fouling Release Coatings are relatively high, and the major countries are North America, Europe, China, Korea and Japan. Europe and North America is the largest consumer, almost 46.16% of total consumption in 2016.

    Silicone-based Fouling Release Coatings has a narrow range of applications. Silicone-based Fouling Release Coatings is used in Ships and Underwater Structures. The demand for Silicone-based Fouling Release Coatings is expected to continue increasing during the remaining years of the forecast period of 2017-2022. Silicone-based Fouling Release Coatings industry will be used in a stable growth space.

    In the past few years, the price of Silicone-based Fouling Release Coatings has a little change and QYR expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Silicone-based Fouling Release Coatings.

    As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in Silicone-based Fouling Release Coatings industry will become more intense.

    More Detail: http://www.qyresearchglobal.com/goods-1437422.html

    This article was first released by QYResearch, if reproduced, please indicate the source.
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    Media Contact: press@qyresearch.com


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