Marine Anti-fouling Coatings Market Size

Statistics for the 2023 & 2024 Marine Anti-fouling Coatings market size, created by Mordor Intelligence™ Industry Reports. Marine Anti-fouling Coatings size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Marine Anti-fouling Coatings Industry

Marine Anti-Fouling Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 3.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Marine Anti-Fouling Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Marine Antifouling Coating Market Analysis

During the time frame of the forecast, the marine anti-fouling coatings market is expected to register a CAGR of more than 3%.

The COVID-19 outbreak caused a global lockdown, a break in supply chains and manufacturing, and a stop in production, all of which hurt the market in 2020. However, things started to get better in 2021, which allowed the market to resume its upward trend for the remainder of the projected period.

  • The market that was looked at is growing because more leisure boats and cruise ships are being made, there are more ship repairs and maintenance jobs, and the oil and gas industry is buying more.
  • On the other hand, the growth of the market studied is being slowed down by strict government rules and more people buying high-quality, long-lasting products.
  • Still, people are spending more money on luxury goods, and new coatings and application technology are likely to open up opportunities for the market studied during the period of the forecast.
  • Due to rising demand from the shipbuilding industry, the Asia-Pacific region ruled the world market.

Marine Antifouling Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)