Hull Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Hull Coatings Market Revenue and is segmented by Type (Self-polishing Coatings, Fouling Release Coatings, and Other Types), and Application (Vessels and Rigs), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Hull Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Hull Coatings Market Size

hull coatings market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

hull coatings market Companies

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Hull Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Hull Coatings Market Analysis

The Hull Coatings Market is expected to register a CAGR of less than 5% during the forecast period.

  • The vessels segment dominated the market and is likely to grow during the forecast period, with the growing shipbuilding industry in the Asia-Pacific region, along with the increasing production rates of leisure boats and cruise ships around the world.
  • Innovation anddevelopment of eco-friendly hull coatings arelikely to provide opportunities for the market studied, during the forecast period.
  • Asia-Pacific dominated the market across the world, as the growth is majorly driven by the surging demand from the ship-building industry.

Hull Coatings Industry Overview

The hull coatings market is consolidated, with few players accounting for significant share of the market demand. Some of the major players in the market include Akzo Nobel N.V., PPG Industries, Inc., Jotun, Hempel A/S, and BASF SE, among others.

Hull Coatings Market Leaders

  1. Akzo Nobel N.V.

  2. PPG Industries, Inc.

  3. Jotun

  4. Hempel A/S

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Akzo Nobel N.V., PPG Industries, Inc., Jotun, Hempel A/S, BASF SE.
Need More Details on Market Players and Competiters?
Download PDF

Hull Coatings Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from the Shipbuilding Industry
    • 4.1.2 Increase in Ship Repairs and Maintenance Activities
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Strict Government Regulations
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Self-polishing Coatings (SPCs)
    • 5.1.2 Fouling Release Coatings (FRC)
    • 5.1.3 Other Types
  • 5.2 Application
    • 5.2.1 Vessels
    • 5.2.2 Rigs
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Axalta Coatings Systems
    • 6.4.2 Akzo Nobel N.V.
    • 6.4.3 Jotun
    • 6.4.4 The Sherwin-Williams Company
    • 6.4.5 BASF SE
    • 6.4.6 NIPSEA GROUP
    • 6.4.7 Dow
    • 6.4.8 Hempel A/S
    • 6.4.9 Chukogu Marine Paints, Ltd.
    • 6.4.10 Valspar
    • 6.4.11 PPG Industries, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Hull Coatings Industry Segmentation

The scope of the hull coatings market report includes:

Type Self-polishing Coatings (SPCs)
Fouling Release Coatings (FRC)
Other Types
Application Vessels
Rigs
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Hull Coatings Market Research FAQs

What is the current Hull Coatings Market size?

The Hull Coatings Market is projected to register a CAGR of less than 5% during the forecast period (2025-2030)

Who are the key players in Hull Coatings Market?

Akzo Nobel N.V., PPG Industries, Inc., Jotun, Hempel A/S and BASF SE are the major companies operating in the Hull Coatings Market.

Which is the fastest growing region in Hull Coatings Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Hull Coatings Market?

In 2025, the Asia Pacific accounts for the largest market share in Hull Coatings Market.

What years does this Hull Coatings Market cover?

The report covers the Hull Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hull Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Hull Coatings Industry Report

Statistics for the 2025 Hull Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hull Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.