Marine Antifouling Coatings Market Size

Marine Antifouling Coatings Market size was USD 1.9 billion in 2024 and is projected to surpass a valuation of USD 3.9 billion by the end of 2037, expanding at a CAGR of 5.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of marine antifouling coatings is estimated at USD 2 billion.  

The growth in the marine antifouling coatings market is robust, driven by high demand for eco-friendly solutions and rapid improvements in vessel efficiencies. Companies are focused on developing such coating, to prevent biofouling and decrease hydrodynamic drag and fuel consumption. For instance, Jotun introduced its Hull Skating Solutions in March 2021, launching an active clean technology that keeps a vessel's hull clean and free of fouling without the use of harmful biocides. This growth underlines the industry's development in using sustainable practices and deploying advanced technologies addressing strict environmental regulations, thereby improving operational efficiencies.

Government initiatives also have a substantial impact on marine antifouling coatings market expansion. Regulatory bodies advocate for sustainable maritime operations, which persuades manufacturers to produce eco-friendly antifouling coatings. According to the United Nations Conference on Trade and Development, there were approximately 105,500 vessels as of January 2023, a relatively large number of which require effective antifouling solutions. Due to this regulatory support and the innovative ability of the industry to meet environmental standards without compromising vessel performance, the market is expanding at a rapid rate.