Global Marine Anti-Fouling Coatings Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Marine Anti-Fouling Coatings Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Copper-based, Self-polishing (Silver-based), Hybrid, and Other Types), Application (Hull Coatings, Tank Coatings, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Marine Anti-Fouling Coatings Market was valued at USD 6,960.8 million in 2023 and is expected to reach USD 13,349.3 million by 2031 while growing at a CAGR of 8.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global marine anti-fouling coatings market growth. Marine anti-fouling coatings are specialized paints applied to the underwater surfaces of ships and marine structures, preventing the attachment of fouling organisms like barnacles, algae, mollusks, and bacteria. This protection is crucial to avoid increased drag, reduced fuel efficiency, and corrosion, preserving the overall performance and lifespan of marine vessels and structures.
Increasing shipbuilding activities, biosecurity concerns, and regulatory compliance propel the growth of the marine anti-fouling coatings market. Nevertheless, obstacles like environmental concerns, regulatory pressures, and high initial and maintenance costs could impede market expansion.
Furthermore, the global marine anti-fouling coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Marine Anti-Fouling Coatings Market is segmented among Copper-based, Self-polishing (Silver-based), Hybrid, and Other Types, based on Type. In 2023, Self-polishing (Silver-based) accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Marine Anti-Fouling Coatings Market is segmented among Hull Coatings, Tank Coatings, and Other Applications, based on Application. In 2023, Tank Coatings accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Marine Anti-Fouling Coatings Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Boero, Chugoku Marine Paints, Ltd., Hempel A/S, Jotun, Kansai Paint Co. Ltd., Lanxess, and Nippon Paint Marine Coatings Co. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Marine Anti-Fouling Coatings Market Dynamics
Drivers
Restraints
Opportunity
4. Global Marine Anti-Fouling Coatings Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Marine Anti-Fouling Coatings Market Segmentation, By Type
Global Marine Anti-Fouling Coatings Market Share Analysis, By Type
Global Marine Anti-Fouling Coatings Market Growth Analysis, By Type
Global Marine Anti-Fouling Coatings Market Trends, By Type
o Copper-based
o Self-polishing (Silver-based)
o Hybrid
o Other Types
6. Global Marine Anti-Fouling Coatings Market Segmentation, By Application
Global Marine Anti-Fouling Coatings Market Share Analysis, By Application
Global Marine Anti-Fouling Coatings Market Growth Analysis, By Application
Global Marine Anti-Fouling Coatings Market Trends, By Application
o Hull Coatings
o Tank Coatings
o Other Applications
7. Global Marine Anti-Fouling Coatings Market Segmentation, By Region
Global Marine Anti-Fouling Coatings Market Share Analysis, By Region
Global Marine Anti-Fouling Coatings Market Growth Analysis, By Region
Global Marine Anti-Fouling Coatings Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Akzo Nobel N.V*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Axalta Coatings Systems
BASF SE
Boero
Chugoku Marine Paints, Ltd.
Hempel A/S
Jotun
Kansai Paint Co. Ltd.
Lanxess
Nippon Paint Marine Coatings Co. Ltd
*Similar analysis will be provided for each company listed above.