Marine Anti-fouling Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Copper-based, Self-polishing, Hybrid, and Other Types), Application (Hull Coatings, Tank Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Marine Anti-fouling Coatings Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <6 %

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Market Overview

The marine anti-fouling coatings market is expected to register a CAGR of around 6%, during the forecast period. The major factors driving the growth of the market studied are the increasing production of leisure boats and cruise ships, an increase in ship repairs and maintenance activities, and rising demand from the oil and gas industry. On the flipside, stringent government regulations, and increasing usage of high-standard, durable products are hampering the growth of the market studied.

  • The hull coating segment dominated the market. It is likely to grow during the forecast period, with increasing demand from the global shipbuilding industry.
  • Increasing expenditure on luxury goods, and the new, innovative coatings and application technology are likely to provide opportunities for the market studied, during the forecast period.
  • Asia-Pacific dominated the global market, owing to the surging demand from the shipbuilding industry.

Scope of the Report

The scope of the marine anti-fouling coatings market report includes:

Self-polishing (Silver-based)
Other Types
Hull Coatings
Tank Coatings
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Hull Coatings Segment to Dominate the Market

  • Anti-fouling hull coating applications dominate the market studied, due to the increasing production of offshore ships, including passenger and cargo, along with offshore drilling activities.
  • Anti-fouling hull coatings are primarily applied to the under-water parts of a ship or yacht, to reduce the growth of the organisms and microbes in the parts attached to the hull. The coatings provide enhancement and durability, along with providing benefits, such as self-cleaning and graffiti resistance.
  • Its self-polishing resin and biocide, such as cuprous oxide, along with a booster biocide, help prevent bio-fouling organisms.
  • Hull coatings, owing to their excellent adhesion and anti-corrosive properties (which help increase the durability of hulls), as well as their aesthetic properties, have become an integral part of the marine industry.
  • With the recovery of prices in the oil and gas industry, the exploration and production processes have started increasing across the world. The major increase in oil and gas offshore exploration activities is noticed in North Sea, North America, and the Middle Eastern region. Additionally, the demand for vessels is also increasing in these regions.
  • Besides, the demand for passenger, bulk containers, and container vessels is also increasing, with growing population and trade between nations.
  • Such global trends have been leading to the growth of production in the shipbuilding industry, which is further expected to drive the demand for anti-fouling hull coatings in the coming years.
Marine Anti-fouling Coatings Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share. Asia-Pacific is the largest ship producing region in the world, catering to the demand for various types of vessels, ranging from ferries, small boats, fishing vessels, tow and tug boats, to the oil industry vessels, cargo ships, passenger ships, bulk carriers, and container ships.
  • In Asia-Pacific, countries, such as China, Japan, and South Korea, are the leading producers of vessels, while large shipyards also exist in various other nations of the region.
  • Ships are mainly built after procuring projects, and according to customer requirements. It takes a minimum of 2 years to complete the production of a ship. Currently, countries in the Asia-Pacific region have been receiving bulk orders for vessels.
  • For instance, in November 2018, three South Korean yards, namely, Daewoo Shipbuilding and Marine Engineering (DSME), Hyundai Heavy Industries, and Samsung Heavy Industries, won more than 50 orders for the new, large-scale LNG tankers. The order is expected to be delivered in the next three years. Besides, China holds a contract to build 24 vessels, while Japan and Singapore hold contracts of building 15 vessels and 1 vessel, respectively.
  • Hence, such bulk orders in line for production may drive the demand for anti-fouling coatings from the shipbuilding industry in the region, during the forecast period.
Marine Anti-fouling Coatings Market Regional Trends

Competitive Landscape

The marine anti-fouling coatings market is consolidated in nature, with few players accounting for a significant share of the market demand. Some of the major players in the market include AkzoNobel NV, PPG Industries Inc., Jotun, Hempel AS, and BASF SE, among others.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Production of Leisure Boats and Cruise Ships

      2. 4.1.2 Increase in Ship Repairs and Maintenance Activities

      3. 4.1.3 Surging Demand from Oil and Gas Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations

      2. 4.2.2 Increased Usage of High-standard Durable Products

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Copper-based

      2. 5.1.2 Self-polishing (Silver-based)

      3. 5.1.3 Hybrid

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Hull Coatings

      2. 5.2.2 Tank Coatings

      3. 5.2.3 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Axalta Coatings Systems

      2. 6.4.2 Akzo Nobel NV

      3. 6.4.3 PPG Industries

      4. 6.4.4 Kansai Paint Co. Ltd

      5. 6.4.5 Dow

      6. 6.4.6 DuPont

      7. 6.4.7 Engineered Marine Coatings

      8. 6.4.8 Hempel AS

      9. 6.4.9 Chukogu Marine Paints Ltd

      10. 6.4.10 BASF SE

      11. 6.4.11 Boero Bartolomeo SpA

      12. 6.4.12 Jotun

      13. 6.4.13 Sigma-Aldrich (Merck KGaA)

      14. 6.4.14 RPM International Inc.

      15. 6.4.15 Sherwin-Williams (Including Valspar)

      16. 6.4.16 Nippon Paint Marine Coatings Co. Ltd

    5. *List Not Exhaustive

    1. 7.1 Increasing Expenditure on Luxury Goods

    2. 7.2 New Innovative Coatings and Application Technology

**Subject to Availability

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Frequently Asked Questions

The Marine Anti-fouling Coatings Market market is studied from 2016 - 2026.

The Marine Anti-fouling Coatings Market is growing at a CAGR of <6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

AkzoNobel NV, PPG Industries Inc., Jotun, Hempel AS, BASF SE are the major companies operating in Marine Anti-fouling Coatings Market.

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