Silyl Acrylate Polymer Market to Perceive Substantial Growth | 2024
Silyl
acrylate polymer is an anti-fouling paint, which is coated on marine
vessels to prevent the growth of marine organisms on the surface of
the structures. Marine vessels are submerged in water continuously.
This leads to the growth of marine organisms such as algae,
tubeworms, mussels, and other similar organisms. Marine organisms
stick to the surface of marine vessels and accelerate corrosion, and
increase weight and biodegradation of surface. Growth of marine
organism on ships increases friction and fuel consumption, and
reduces speed. Generation of marine organisms on the surface of
marine vessels can be controlled by using antifouling paints. The
surface of navy vessels is also coated with antifouling agents. This
helps increase their speed and decrease noise during voyage.
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The
fouling control paints in recent years are self-polishing polymer
paints, which contain a special polymeric binder that is water
soluble or water dispersible. Plant fouling and animal fouling are
the types of fouling. Plant fouling is further divided into
microalgae and macroalgae. Animal fouling is further categorized into
soft bodied and hard shell. Micro fouling is said to increase the
drag by 2% in a marine vessel. This decreases its speed and increases
fuel consumption. Hard shell fouling is said to increase the drag
forces by 40%, resulting in significant speed reduction and increase
of the weight of the vessel. Fouling creates problem for static
offshore structures such as oil and gas production and drilling rigs
and offshore wind energy platforms by forming a thick layer on the
legs of the structures, which resist waves and currents and cause
unpredictable and dangerous stresses in the structure which can lead
to cracking and corrosion.
The
silyl acrylate polymer market can be segmented based on type into
metal free and metal containing. The metal free polymer is free from
zinc and copper methacrylate. Factors such as environment friendly
nature of silyl acrylate paints are expected to drive the market
during the forecast period. In terms of end-user industry, the
market for silyl acrylate polymer can be divided into oil & gas
and ships. The ships segment is expected to dominate the market
during the forecast period.
Key
players operating in the market are AkzoNoble, BASF, HEMEPL, Yuki
Gosei Kogyo Co. Ltd., Geochem Solutions Inc., Arkema, and Kansai
Paint Marine Co. Ltd.
AkzoNoble
manufactures silyl acrylate polymer through the patented silyl
acrylate polymer technology, which offers highly efficient fouling
control for up to 90 months, improvises fuel efficiency, and
minimizes operational costs, thereby lowering carbon dioxide
emissions and improving vessel operating image. Kansai Paint Marine
Co. Ltd sells its silyl acrylate product under the brand name TAKATA
Quantum X-mile, which is a TBT-free antifouling coating that ensures
a smooth hull with increased fuel saving. The company’s product is
ecofriendly, offers antifouling properties for up to 60 months, and
contains minimal quantity of volatile organic compounds.
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Companies
are adopting aggressive marketing tactics and mergers and acquisition
strategies to expand their market share. They are also shifting their
production facilities to emerging economies in Asia Pacific and Latin
America due to the easy availability of land, cheap labor, and
governmental subsidies in these regions. Additionally, companies are
using export as a tool for geographical expansion in emerging
economies in Middle East & Africa.
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