Silyl Acrylate Polymer Market Analysis | 2024-2030

Market Insights

The silyl acrylate polymer market was estimated at USD 3.6 billion in 2023 and is likely to grow at a CAGR of 8.56% during 2024-2030 to reach USD 6.41 billion in 2030.

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Market Dynamics

Introduction

Silyl acrylate polymer is used as antifouling coating which is categorized under self-polishing copolymer. It is produced from acrylic monomers, silyl ester, silanes, and acrylates. Biocides such as cuprous oxide, copper pyrithione, zinc oxide, and zinc pyrithione are also added to prevent building algae, barnacles, slime, and other invasive species. Silyl acrylate polymer protects from erosion and exhibits a controlled release of biocides in seawater.

Market Drivers

The prime factor contributing to the demand for silyl acrylate polymers is the surging shipbuilding industry in Asia-Pacific countries especially China, Japan, and South Korea. Increasing maritime trade and favorable government initiatives to offer significant growth opportunities.

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Key Players

Some of the major silyl acrylate polymer manufacturers are-

• AkzoNobel
• Arkema SA
• BASF SE
• Chugoku Marine Paints, Ltd.
• Hempel A/S
• Jotun A/S
• KCC Corporation
• Nippon Paint Holdings Co., Ltd.
• PPG Industries
• Yuki Gosei Kogyo Co. Ltd.
• Others

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Product Type

The market is segmented as metal-containing and metal-free. Metal-free held the larger share of the market in 2023 and is expected to remain dominant during the forecast period. It is also expected to register a higher growth during the same period. The metal-free segment is free from elemental metal but contains metal in the form of biocides. It possesses features such as self-polishing and controlled release of metal biocides.

By Sector Type

The market is segmented as new shipbuilding and repair & maintenance. New shipbuilding accounted for the larger share and is expected to drive the demand for silyl acrylate polymer in the forecast period due to the growing shipbuilding sector in Asia-Pacific. Further, the growing production of bulk carriers and the increasing trend of containerization of marine vessels to drive the silyl acrylate polymer (SAP) market. Silyl acrylate polymer is used as an eco-friendly antifoulant that offers a controlled release of biocides.

By Application Type

The market is segmented into coastal, container, deep sea, leisure boats, offshore vessels, and others. The coastal segment is expected to dominate the market over the forecast period. Coastal ships comprise cargo vessels, trading ships that experience longer stays in warm water resulting in the accumulation of unwanted biological hull fouling. Silyl acrylate polymer enhances fuel efficiency without losing speed.

Regional Insights

Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period, with China, Japan, and South Korea being the major countries with robust shipbuilding and drydocking activities. The growth of the market is associated with low labor costs, favorable government spending, and growing marine trade activities in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects silyl acrylate polymer market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The silyl acrylate polymer market is segmented into the following categories.

By Product Type

• Metal Containing
• Metal Free

By Sector Type

• New Shipbuilding
• Repair & Maintenance

By Application Type

• Coastal
• Containers
• Deep Sea
• Leisure Boats
• Offshore Vessels
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by sector type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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