The global antifouling paints and coatings market size reached US$ 8.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 13.5 Billion by 2028, exhibiting a CAGR of 7.6% during 2022-2028.
Antifouling paints and coatings refer to specialized paints applied to the hulls of ships and offshore structures to minimize or prevent the growth of sub-aquatic organisms. They are manufactured using resins, pigments, cuprous oxides and biocides, which inhibit the growth of algae, bacteria, diatoms, barnacles, slime and other marine organisms. Some of the commonly used antifouling paints, include soft-bottom paint, hard-bottom paint and ablative antifouling paints. They are applied to the bottom of the boats, yachts and ships to improve the flow of water passing the hull, which minimizes fuel consumption by reducing the drag and enhancing the durability and aesthetic value of the ship.
Significant growth in the marine and shipbuilding industries across the globe is one of the key factors creating a positive impact on the market. Furthermore, increasing focus and expenditures on improving vessel durability and preventing corrosion are providing a thrust to the market growth. Antifouling paints and coatings are used on drilling rigs, production platforms, shipping vessels and inland waterways transport to reduce frictional resistance and prevent fouling organisms from damaging the hulls. Additionally, various product innovations, such as the development of environment-friendly antifouling products, are acting as other growth-inducing factors. There is also a growing demand for low-friction, metal-free and silicone- and fluoro resin-based antifouling paints and coatings, which is contributing to the market growth. Other factors, including increasing ownership of leisure boats, along with the growing demand for floating production storage and offloading (FPSO) vessels by the oil and gas industry, are anticipated to drive the market further.
Antifouling paints and coatings refer to specialized paints applied to the hulls of ships and offshore structures to minimize or prevent the growth of sub-aquatic organisms. They are manufactured using resins, pigments, cuprous oxides and biocides, which inhibit the growth of algae, bacteria, diatoms, barnacles, slime and other marine organisms. Some of the commonly used antifouling paints, include soft-bottom paint, hard-bottom paint and ablative antifouling paints. They are applied to the bottom of the boats, yachts and ships to improve the flow of water passing the hull, which minimizes fuel consumption by reducing the drag and enhancing the durability and aesthetic value of the ship.
Significant growth in the marine and shipbuilding industries across the globe is one of the key factors creating a positive impact on the market. Furthermore, increasing focus and expenditures on improving vessel durability and preventing corrosion are providing a thrust to the market growth. Antifouling paints and coatings are used on drilling rigs, production platforms, shipping vessels and inland waterways transport to reduce frictional resistance and prevent fouling organisms from damaging the hulls. Additionally, various product innovations, such as the development of environment-friendly antifouling products, are acting as other growth-inducing factors. There is also a growing demand for low-friction, metal-free and silicone- and fluoro resin-based antifouling paints and coatings, which is contributing to the market growth. Other factors, including increasing ownership of leisure boats, along with the growing demand for floating production storage and offloading (FPSO) vessels by the oil and gas industry, are anticipated to drive the market further.
Key Market Segmentation:
The analyst provides an analysis of the key trends in each sub-segment of the global antifouling paints and coatings market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.Breakup by Type:
- Copper-Based
- Self-Polishing Copolymer
- Silicone Elastomers
- Others
Breakup by Application:
- Shipping Vessels
- Drilling Rigs & Production Platforms
- Fishing Boats
- Yachts & Other Boats
- Mooring Lines
- Inland Waterways
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Akzo Nobel N.V., BASF S.E., Boero Yacht Coatings, Chugoku Marine Paints Ltd., Hempel A/S, Jotun Group, Kop-Coat Marine Group (RPM International Inc), Nippon Paint Marine Coatings Co. Ltd., PPG Industries Inc. and The Sherwin-Williams Company etc.Key Questions Answered in This Report:
- How has the global antifouling paints and coatings market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global antifouling paints and coatings market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global antifouling paints and coatings market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Antifouling Paints and Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Copper-Based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Self-Polishing Copolymer
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Silicone Elastomers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Shipping Vessels
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Drilling Rigs & Production Platforms
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Fishing Boats
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Yachts & Other Boats
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Mooring Lines
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Inland Waterways
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Akzo Nobel N.V.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 BASF S.E.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Boero Yacht Coatings
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Chugoku Marine Paints Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Hempel A/S
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 SWOT Analysis
13.3.6 Jotun Group
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 SWOT Analysis
13.3.7 Kop-Coat Marine Group (RPM International Inc.)
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Nippon Paint Marine Coatings Co. Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 PPG Industries Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 The Sherwin-Williams Company
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Antifouling Paints and Coatings Market: Major Drivers and Challenges
Figure 2: Global: Antifouling Paints and Coatings Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Antifouling Paints and Coatings Market: Breakup by Type (in %), 2022
Figure 4: Global: Antifouling Paints and Coatings Market: Breakup by Application (in %), 2022
Figure 5: Global: Antifouling Paints and Coatings Market: Breakup by Region (in %), 2022
Figure 6: Global: Antifouling Paints and Coatings Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Antifouling Paints and Coatings (Copper-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Antifouling Paints and Coatings (Copper-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Antifouling Paints and Coatings (Self-Polishing Copolymer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Antifouling Paints and Coatings (Self-Polishing Copolymer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Antifouling Paints and Coatings (Silicone Elastomers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Antifouling Paints and Coatings (Silicone Elastomers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Antifouling Paints and Coatings (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Antifouling Paints and Coatings (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Antifouling Paints and Coatings (Shipping Vessels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Antifouling Paints and Coatings (Shipping Vessels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Antifouling Paints and Coatings (Drilling Rigs & Production Platforms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Antifouling Paints and Coatings (Drilling Rigs & Production Platforms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Antifouling Paints and Coatings (Fishing Boats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Antifouling Paints and Coatings (Fishing Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Antifouling Paints and Coatings (Yachts & Other Boats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Antifouling Paints and Coatings (Yachts & Other Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Antifouling Paints and Coatings (Mooring Lines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Antifouling Paints and Coatings (Mooring Lines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Antifouling Paints and Coatings (Inland Waterways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Antifouling Paints and Coatings (Inland Waterways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia Pacific: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia Pacific: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Antifouling Paints and Coatings Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Antifouling Paints and Coatings Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Antifouling Paints and Coatings Industry: SWOT Analysis
Figure 76: Global: Antifouling Paints and Coatings Industry: Value Chain Analysis
Figure 77: Global: Antifouling Paints and Coatings Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Antifouling Paints and Coatings Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Antifouling Paints and Coatings Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Antifouling Paints and Coatings Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Antifouling Paints and Coatings Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Antifouling Paints and Coatings Market Structure
Table 6: Global: Antifouling Paints and Coatings Market: Key Players
Companies Mentioned
- Akzo Nobel N.V.
- BASF S.E.
- Boero Yacht Coatings
- Chugoku Marine Paints Ltd.
- Hempel A/S
- Jotun Group
- Kop-Coat Marine Group (RPM International Inc)
- Nippon Paint Marine Coatings Co. Ltd.
- PPG Industries Inc. and The Sherwin-Williams Company etc
Methodology
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