Antifouling Coatings Market Size, Share & Trends Analysis Report By Product (Copper-based Antifouling Paints, Hybrid Antifouling Paints, Self-polishing Copolymer), By Application, By Region, And Segment Forecasts, 2024

Description

Antifouling Coatings Market Growth & Trends:

The global antifouling coatings market size is expected to reach USD 16.40 billion by 2030, registering a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. New developments in ship-based logistics services in emerging economies including Middle East countries, Brazil, and India is estimated to fuel market growth for these coatings. Increasing need for embedded compact systems as prerequisite in deep water offshore reserves coupled with rising importance for Floating Production Storage Offloading (FPSO) in upstream oil & gas sector is anticipated to result in an up surging demand for antifouling paints.

Demand for global antifouling coatings was 84.3 kilo tons in 2014 and is projected to surpass 130.0 kilo tons in the next seven years. It is expected to grow at a CAGR exceeding 5.0% in the forecast period. Furthermore, demand for antifouling paints in shipping vessels was approximately 71.0 kilo tons in 2014. Production platforms and drilling rigs are projected to gain prominence attributing to the expansion of offshore natural gas production capacity in Saudi Arabia and Brazil over the forecast period.

Support from regulatory bodies in countries including China, Angola, Nigeria, Malaysia, and Brazil, in an attempt to encourage foreign investments at a national level is expected to have a positive impact on the offshore oil & gas market. In 2014, demand for production platforms & drilling rigs was over 13.0 kilo tons. In 2014, antifouling coatings accounted for nearly 80.0% of the total market share by volume owing to increasing use in shipping vessels due to their ability to save fuel from fouling organisms and extension of dry docking interval.

Antifouling Coatings Market Report Highlights:

Copper-based antifouling paints segment dominated the global industry and accounted for a revenue of 45.8% in 2023. The segment is primarily driven by growth in new shipbuilding and repair activities along with increasing demand for the leisure boat market.
The hybrid antifouling paints segment is anticipated to witness the fastest CAGR of 8.5% during the forecast period. Rising environmental concerns, advanced performance requirements, and growing awareness about adoption of sustainable solutions drive the forecasted growth.
Shipping vessels segment dominated the market and accounted for revenue of 30.8% in 2023. The growth is driven by increasing demand for global trade and transportation.
Fishing boats segment is expected to witness a significant CAGR over the forecast period. The growth is attributed to increasing demand for seafood and fishing activities.
Asia Pacific antifouling coatings market held the largest revenue share of the global industry and accounted for 70.3% in 2023.

Product Code: 978-1-68038-727-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Antifouling Coatings Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume Tons)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Antifouling Coatings Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political Landscape
  - 3.4.2.2. Economic and Social Landscape
  - 3.4.2.3. Technological Landscape
  - 3.4.2.4. Environmental Landscape
  - 3.4.2.5. Legal Landscape

Chapter 4. Antifouling Coatings Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Antifouling Coatings Market: Product Movement Analysis, 2023 & 2030 (USD Million) (Volume Tons)
4.3. Copper-Based Antifouling Paints
- 4.3.1. Copper-Based Antifouling Paints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
4.4. Hybrid Antifouling Paints
- 4.4.1. Hybrid Antifouling Paints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
4.5. Self-Polishing Copolymer
- 4.5.1. Self-Polishing Copolymer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
4.6. Others
- 4.6.1. Other Paints Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)

Chapter 5. Antifouling Coatings Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Antifouling Coatings Market: Application Movement Analysis, 2023 & 2030 (USD Million) (Volume Tons)
5.3. Fishing boats
- 5.3.1. Fishing Boats Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.4. Drilling Rigs & Production Platforms
- 5.4.1. Drilling Rigs & Production Platforms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.5. Shipping Vessels
- 5.5.1. Shipping Vessels Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.6. Mooring Lines
- 5.6.1. Mooring Lines Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.7. Aquaculture Nets
- 5.7.1. Aquaculture Nets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.8. Yachts
- 5.8.1. Yachts Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.9. Inland Waterways Transport
- 5.9.1. Inland Waterways Transport Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
5.10. Other Boats
- 5.10.1. Other Boats Projection Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)

Chapter 6. Antifouling Coatings Market: Regional Estimates & Trend Analysis

6.1. Antifouling Coatings Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
- 6.2.1. North America Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.2.3. Canada
  - 6.2.3.1. Canada Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
6.3. Europe
- 6.3.1. Europe Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.3.2. UK
  - 6.3.2.1. UK Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.3.3. Germany
  - 6.3.3.1. Germany Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.3.4. France
  - 6.3.4.1. France Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.3.5. Italy
  - 6.3.5.1. Italy Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.3.6. Spain
  - 6.3.6.1. Spain Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.4.2. China
  - 6.4.2.1. China Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.4.3. Japan
  - 6.4.3.1. Japan Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.4.4. India
  - 6.4.4.1. India Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
6.5. Latin America
- 6.5.1. Latin America Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.5.3. Argentina
  - 6.5.3.1. Argentina Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)
- 6.6.3. South Africa
  - 6.6.3.1. South Africa Antifouling Coatings Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume Tons)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. Akzo Nobel N.V.
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Jotun
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Hempel A/S
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. PPG Industries
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. The Sherwin-Williams Company
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Gruppo Boero
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Axalta Coating Systems
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. BASF SE
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Nippon Paint Marine Coatings Co., Ltd.
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Kansai Paint Co., Ltd.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.11. Altex Coatings
  - 7.4.11.1. Participant's Overview
  - 7.4.11.2. Financial Performance
  - 7.4.11.3. Product Benchmarking
  - 7.4.11.4. Recent Developments/ Strategic Initiatives

Antifouling Coatings Market Size, Share & Trends Analysis Report By Product (Copper-based Antifouling Paints, Hybrid Antifouling Paints, Self-polishing Copolymer), By Application, By Region, And Segment Forecasts, 2024 - 2030