Silyl acrylate polymer market is projected to record significant gains over the forthcoming timeframe owing to its increasing usage in the expanding ship building industry. Silyl acrylate polymer is an innovative resin product which is used for self-polishing tin free paint. The material is suitable for formulations that contain copper and can also be mixed with large amounts of CDP so as to fulfil different application requirements.

It is also used for anti-fouling marine paints as well. Silyl acrylate polymers are hydrolyzable polymers with stable hydrolysis rates as well as self-smoothing properties.

Their hydrolysis also contributes to the hydrodynamics of the ship’s hull by lessening frictional drag along with the total amount of fuel consumed. They also provide exceptional fouling protection and long-term hull performance lasting up to 90 months. Antifouling uses three self-polishing technologies namely zinc acrylate, copper acrylate, and silyl acrylate.

Silyl acrylate polymers also offers benefits in the shipyard which includes faster application, lower solvent emissions to the atmosphere, and reduced wastage and pail consumption. The silyl acrylate-based polymer offers solvent emission levels, thereby making them one of the lowest solvent emitting products for antifouling.

The silyl-acrylate resin is used by most of the paint manufacturers which is generally sourced from a single manufacturer. As and when volume increases, it is anticipated that more manufacturers of silyl acrylate resin will enter the market over the coming years.

The silyl acrylate polymer market is segmented in terms of type, sector, application, and regional segment.

Based on type, the market is bifurcated into metal containing and metal free. Among these the metal containing segment held a market share of around 20% in 2018 and is projected to grow at a CAGR of over 5.5% throughout the assessment period. The metal containing type segment also includes zinc, copper methacrylate self-polishing polymers.

With respect to sector, the market is divided into new shipbuilding, and repair & maintenance. Among these, the repair & maintenance segment held a significant market share over 45% in 2018 and is expected to expand with a healthy CAGR during the review period. The silyl acrylate polymer also offers up to 61% volume solids, surface tolerance, as well as in service periods lasting up to 60 months with potential fuel savings.

Based on application, the market is classified into deep sea, coastal, leisure boats, containers, offshore vessels, and others. Among these the containers segment is estimated to grow at a healthy CAGR above 9% during the forecast time period.

From a regional frame of reference, the Latin America silyl acrylate polymer market is expected to grow at a moderate CAGR of around 7.5% in the coming years. Growth in trading between the Latin America and the far East will drive the product demand by 2026.