Global Antifouling Paints and Coatings Market Growth 2023-2029

Global Antifouling Paints and Coatings Market Growth 2023-2029

Anti-fouling paint - a category of commercially available underwater hull paints (also known as bottom paints) - is a specialized category of coatings applied as the outer (outboard) layer to the hull of a ship or boat, to slow the growth and/or facilitate detachment of subaquatic organisms that attach to the hull and can affect a vessel's performance and durability (see also biofouling). Anti-fouling paints are often applied as one component of multi-layer coating systems which may have other functions in addition to their antifouling properties, such as acting as a barrier against corrosion on metal hulls that will degrade and weaken the metal, or improving the flow of water past the hull of a fishing vessel or high-performance racing yachts.

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

This Insight Report provides a comprehensive analysis of the global Antifouling Paints and Coatings 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 Paints and Coatings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Antifouling Paints and Coatings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Antifouling Paints and Coatings 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 Paints and Coatings.

The global Antifouling Paints and Coatings market size is projected to grow from US$ 1010.5 million in 2022 to US$ 1183.5 million in 2029; it is expected to grow at a CAGR of 1183.5 from 2023 to 2029.

The leading producers in the sector are PPG Industries, Akzo Nobel and Sherwin-Williams, which accounted for 12.87 percent, 9.57 percent and 8.12 percent of revenue, respectively.

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

Market Segmentation:

Segmentation by type
Copper-based
Self-Polishing Copolymer
Hybrid
Others

Segmentation by application
Shipping Vessels
Drilling Rigs & Production Platforms
Fishing Boats
Yachts & Other Boats
Inland Waterways Transport
Mooring Lines

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.
Akzo Nobel
BASF
Nippon Paint Marine Coatings
PPG Industries
Sherwin-Williams Company
Jotun
Hempel
Chugoku Marine Paints
Boero Yachtcoatings
Kop-Coat Marine Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Antifouling Paints and Coatings market?

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

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

How do Antifouling Paints and Coatings market opportunities vary by end market size?

How does Antifouling Paints and Coatings 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.