Global Antifouling Coating Market Growth 2023-2029

Global Antifouling Coating Market Growth 2023-2029

Antifouling coatings are specialized paints applied to the ship’s hull to slow the marine growth on the underwater area which can affect the vessels performance and durability. In addition to preventing marine growth, the hull coating can also act as a barrier against hull corrosion that will degrade and weaken the metal. It also improves the flow of water passing the hull of a fishing vessel or high-performance racing yacht.

LPI (LP Information)' newest research report, the “Antifouling Coating Industry Forecast” looks at past sales and reviews total world Antifouling Coating sales in 2022, providing a comprehensive analysis by region and market sector of projected Antifouling Coating sales for 2023 through 2029. With Antifouling Coating sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Antifouling Coating industry.

This Insight Report provides a comprehensive analysis of the global Antifouling Coating landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Antifouling Coating portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Antifouling Coating market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Antifouling Coating and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Antifouling Coating.

The global Antifouling Coating market size is projected to grow from US$ 1732.3 million in 2022 to US$ 2390 million in 2029; it is expected to grow at a CAGR of 2390 from 2023 to 2029.

Asia-Pacific was the largest market, accounting for over 85% of the global volume in 2014. Shipbuilding activities are robust in South Korea, China, Japan, Taiwan, and Philippines. This is expected to result in the dominance of Asia-Pacific within the shipbuilding sector, thereby driving demand for antifouling paints in the region. Moreover, increasing expenditure for the exploration and production of crude oil & natural gas in China, India and Thailand are expected to further fuel demand for these paints in drilling rigs & production platforms.

This report presents a comprehensive overview, market shares, and growth opportunities of Antifouling Coating market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Self-Polishing Antifouling Coatings
Copper-Free Antifouling Coatings
Nano Antifouling Coatings
Others

Segmentation by application
Shipping Vessels
Drilling Rigs & Production Platforms
Fishing Boats
Yachts & Other Boats
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AkzoNobel
Hempel
PPG Industries
Chugoku Marine Paints
Jotun
Sherwin-Williams
Pettit Paint
Nippon Paint Marine Coatings
Kansai Paint Marine
PT. Pacific Dwiyasa Putra (Admiral Coatings)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Antifouling Coating market?

What factors are driving Antifouling Coating market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Antifouling Coating market opportunities vary by end market size?

How does Antifouling Coating break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.