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Antifouling Paints & Coating Market Size, Share Global Analysis Report, 2019 – 2026
Antifouling Paints & Coating Market (Copper-Based Antifouling Coating, Self-Polishing Copolymer, Hybrid Antifouling Paints & Coating and Other Types) Market for Shipping Vessel, Mooring Lines, Fishing Boats, Inland Waterways Transport, Drilling Rigs & Production Platforms and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast 2019 – 2026
Industry Insights
[185+ Pages PDF Report] Global antifouling paints & coating market in 2019 is approximately USD 8.88 Billion and is anticipated to reach around USD 15 Billion by 2026. The anticipated CAGR for the antifouling paints & coating market is around 9% from 2020 to 2026.
This professional and specialized report study examines the technical and business perspective of the Antifouling paints & coating industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Antifouling paints & coating market.
The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall Antifouling paints & coating market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Kilo Tons) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
Key Insights from Primary Research
- As per the insights from our primary respondents, the global antifouling coating market is expected to grow around 9%.
- Through the primary research conducted by the experts, the global antifouling coating market was valued at around USD 8.8 Billion in 2019.
- The “Copper ” category, on the basis of type segmentation, was the leading category that generated maximum revenue and contributed to around 63% share, in 2019.
- The category under “Roads”, held on the basis of end-user/application segmentation, had the leading share at more than 28%, in 2019.
- There would be huge demand from the European Countries for this Synthetic Fiber as these countries are going through continuous development in residential and commercial infrastructural plans.
Key Recommendations from Analysts
- Therefore, the coating industry is expanding its foundation massively across Asia Pacific, stimulating growth of the demand for antifouling paints and coatings. In the forecast period Korea and China are expected to drive the demand for antifouling paint and coating.
- South Korea, Taiwan, China, the Philippines and Japan are world leaders in shipbuilding. These countries account for around 73% of shipbuilding market.
- The European Union has heavy maritime dependence. It has been reported that approximately 70% of its external trade and 35% of its internal trade takes place by sea. Around 1.65 billion tons of freight are exported and imported by sea in Europe every year and over 400 million sea passengers travel through European ports every years.
Market Attractiveness – By Region
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Antifouling paints & coating market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Antifouling paints & coating market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Antifouling paints & coating market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Antifouling paints & coating market.
The research study provides a critical assessment of the Antifouling paints & coating industry by logically segmenting the market on the basis of Type, Application, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Antifouling paints & coating industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The Antifouling paints & coating market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into copper-based antifouling coating, self-polishing copolymer, hybrid antifouling paints & coating and other types. In terms of Application segmentation, the market is bifurcated into shipping vessel, mooring lines, fishing boats, inland waterways transport, drilling rigs & production platforms.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 8.88 Billion |
Projected Market Size in 2026 |
USD 15 Billion |
CAGR Growth Rate |
9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
BASF S.E, Sherwin-Williams Company, BoeroYachtcoatings, Nippon Paint Marine Coatings Co. Ltd, Chugoku Marine Paints Ltd, PPG Industries Inc., Chugoku Marine Paints Ltd, Kop-Coat Marine Group, Jotun, Hempel A/S, Advance Marine Coatings AS, and Akzo Nobel N.V., and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Some of the essential players operating in the Antifouling paints & coating market, but not restricted to include
- BASF S.E
- Sherwin-Williams Company
- Boero Yachtcoatings
- Nippon Paint Marine Coatings Co. Ltd
- Chugoku Marine Paints Ltd
- PPG Industries Inc.
- Chugoku Marine Paints Ltd
- Kop-Coat Marine Group
- Jotun
- Hempel A/S
- Advance Marine Coatings AS
- Akzo Nobel N.V.
The taxonomy of the antifouling paints & coating industry by its scope and segmentation is as follows:
Global Antifouling Paint and Coating Market: Type Analysis
- Self-polishing copolymer
- Copper-based antifouling coatings
- Hybrid antifouling coatings
- Others
Global Antifouling Paint and Coating Market: Application Analysis
- Mooring lines
- Shipping vessels
- Fishing boats
- Drilling rigs & production platforms
- Inland waterways transport
Global Antifouling Paint and Coating Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
- Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
- Direct and Indirect Rationales Impacting the Industry
- In-depth and Micro Analysis of Viable Segments and Sub-segments
- Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
- Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
- Key Buyers and End-Users Analysis
- Value Chain and Manufacturing Cost Structure Analysis wherever relevant
- Key Marketing Strategies as well as Key Sales Channels adopted in the market
- Investment Opportunity Analysis & Patents Analysis wherever feasible
- Technological Road Map & Technical Analysis
- Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)
Table of Content
Industry Major Market Players
- BASF S.E
- Sherwin-Williams Company
- Boero Yachtcoatings
- Nippon Paint Marine Coatings Co. Ltd
- Chugoku Marine Paints Ltd
- PPG Industries Inc.
- Chugoku Marine Paints Ltd
- Kop-Coat Marine Group
- Jotun
- Hempel A/S
- Advance Marine Coatings AS
- Akzo Nobel N.V.
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