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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. 

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. 

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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Silyl Acrylate Polymer Market