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Marine Antifouling Coatings Market Trends

  • Report ID: 6576
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT
  1. An Outline of the Global Marine Antifouling Coatings Market 
    1. Market definition
    2. Market segmentation
  2. Assumptions & Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Raw Material Providers
      2. Manufacturers
      3. Suppliers
      4. End-users
  4. Secondary Research
  5. SPSS Methodology
  6. Market Size Estimation 
  7. Executive Summary
  8. Growth Drivers
  9. Major Roadblocks
  10. Opportunities
  11. Prevalent Trends
  12. Regulatory & Standards Landscape
  13. Market Share by Resin
  14. Comparative Analysis
  15. Companies and their market share for Ablative Antifouling
  16. Companies and their market share for Self-Polishing Hidrosis Antifouling
  17. Companies and their market share for Silicon Antifouling
  18. Companies and their market share for Copper Antifouling
  19. Competitive Landscape: Key Players
  20. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2023
    2. Business Profiles of Key Enterprises
      1. Jotun
      2. Hempel A/S
      3. PPG Industries, Inc.
      4. Akzo Nobel N.V.
      5. Axalta Coating Systems Ltd.
      6. The Sherwin-Williams Company
      7. RPM International Inc.
      8. Protexion
      9. Transocean Coatings
      10. KCC CORPORATION
  21. Japanese Players
    1. Nippon Paint Holdings Co., Ltd.
    2. Kansai Paint Marine Co., Ltd.
    3. Chugoku Marine Paints, Ltd
  22. Global Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres), and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Global Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Region
        1. North America, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Europe, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Asia Pacific Excluding Japan, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Japan, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Latin America, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Middle East and Africa, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Cross Analysis of Type W.R.T. Application (USD Million), 2024-2037
  23. North America Marine Antifouling Coatings Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. North America Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. U.S., Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Canada, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
  24. Europe Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Europe Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. UK, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Germany, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. France, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Italy, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Spain, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. BENELUX, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Poland, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Russia, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        9. Rest of Europe, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
  25. Asia Pacific excluding Japan Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Asia Pacific excluding Japan Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. China, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. India, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Indonesia, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. South Korea, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Malaysia, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Australia, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        7. Singapore, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        8. Vietnam, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        9. New Zealand, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        10. Rest of APEJ, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
  26. Japan Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Japan Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
  27. Latin America Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Latin America Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. Brazil, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Argentina, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Mexico, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Rest of Latin America, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
  28. Middle East & Africa Marine Antifouling Coatings Market  Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Thousand Litres) and Compound Annual Growth Rate (CAGR)
    3. Year-on-Year (Y-o-Y) Growth Trend Analysis
    4. Middle East & Africa Marine Antifouling Coatings Market  Outlook & Projections, Opportunity Assessment, 2024-2037
      1. By Type
        1. Ablative Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Self-Polishing Hidrosis Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Silicon Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Copper Antifouling, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Others, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
      2. By Application
        1.  Shipping Vessels, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Drilling Rigs, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. Fishing Boat, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Yachts, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        5. Cargo Ships, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
        6. Others, Market Value (USD Million), CAGR & Y-o-Y Growth Trend, 2024-2037F
      3. By Country
        1. GCC, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        2. Israel, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        3. South Africa, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), Volume (Thousand Litres), CAGR & Y-o-Y Growth Trend, 2024-2037F
  29. Global Economic Scenario
  30. About Research Nester

Marine Antifouling Coatings Market Trends

Growth Drivers

  • Environmental regulations and sustainability objectives: The marine industry is increasing its focus on reducing emissions by using eco-friendly marine antifouling coatings. The latest trend in product development has been toward the development of biocide-free and low-toxicity products as regulatory demands increase. For example, in August 2024, Hempel launched an advanced two-layer coating system under the name, Hempaguard Ultima. Drawing from the success of Hempaguard X7, featuring more than 4,000 applications and certified by DNV, Hempaguard Ultima answers customer needs for meeting progressive environmental regulations. 
  • Growing global seaborne trade: The increase in international trade has boosted the demand for antifouling coatings since more protection is needed to maintain efficiency. This further suggests that with increased shipping, the demand for coatings that can increase the life of vessels while minimizing costs is anticipated to rise by the end of 2037. Consolidation of the trade routes and competitiveness raises awareness in the search for sustainable coatings that support environmental objectives, further fueling the marine antifouling coatings market growth.
  • Technological advances in coating formulations: Technological innovations are driving improvements in the efficiency and durability of antifouling coatings. Companies are increasingly investing in research to develop longer-lasting protection with reduced environmental impact. In May 2023, Chugoku Marine Paints Ltd. launched SEAFLO NEO CF PREMIUM, a new antifouling coating based on unique polymer technology that extends service life and supports fuel savings. Such advancements are essential to meet the growing demands of the shipping industry.

Challenges

  • High research and development costs: Advanced marine antifouling coatings formulations require heavy R&D investment, which may be the major entry barrier to this marine antifouling coatings market, especially for small-scale participants. Increasing demand for more innovative products that are compliant with environmental laws adds to the financial burden. Furthermore, strict regulations regarding the use of biocides demand further research into alternatives, thus increasing costs. 
  • Environmental and health-related concerns: Despite the developments, certain antifouling coatings pose a danger to the environment and human health due to the inhalation of toxic substances. In the last few years, regulatory pressures have increased to eliminate harmful biocides, and this can reduce product offerings. The European Chemicals Agency (ECHA) proposed further restrictions on various biocides used in antifouling coatings in June 2023, forcing companies to seek other alternatives for effective and environmentally friendly solutions.

Marine Antifouling Coatings Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.7%

Base Year Market Size (2024)

USD 1.9 billion

Forecast Year Market Size (2037)

USD 3.9 billion

Regional Scope
  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 6576
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of marine antifouling coatings was USD 1.9 billion.

The global marine antifouling coatings market size was USD 1.9 billion in 2024 and is predicted to reach USD 3.9 billion by the end of 2037, rising at a CAGR of 5.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of marine antifouling coatings will be valued at USD 2 billion.

Key players in the market are Jotun, Hempel A/S, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems Ltd., The Sherwin-Williams Company, RPM International Inc., Protexion, Transocean Coatings, and KCC CORPORATION.

The self-polishing hidrosis antifouling segment is projected to lead the marine antifouling coatings market during the forecast period.

APEJ is expected to offer expansion opportunities to the players in the marine antifouling coatings market during the forecast period.
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