Market Overview:
The global marine antifouling paints market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation and rising concerns over vessel corrosion and fouling. In terms of volume, the global marine antifouling paints market is projected to reach 1,811 kilo tons by 2030. Based on type, self-polishing copolymer (SPC) coatings are expected to account for a major share of the global marine antifouling paints market during the forecast period. This can be attributed to their superior properties such as high resistance against fouling and low drag coefficient. Fouling release coatings (FRC) are also anticipated to witness significant growth during the forecast period owing to their ability prevent biofouling and reduce fuel consumption rates by up to 10%. Ablative type is another key segment of the marine antifouling paints market.
Product Definition:
A paint or coating that is applied to a marine vessel to prevent the growth of barnacles, algae, and other organisms. Marine antifouling paints are important because they protect a vessel from becoming fouled, which can lead to decreased performance and increased drag.
Self-Polishing Copolymer (SPC) Coatings:
Self-Polishing Copolymer (SPC) coatings are a type of synthetic resin, which is applied on the hull of ships to prevent biofouling. SPC coatings are also used in marine antifouling paints as they have excellent anti-bacterial properties.
Fouling Release Coatings (FRC):
FRC is a type of coating, which is used in the manufacturing of antifouling paints. It consists of organic resins and metallic salts. The major function performed by fouling release coatings includes prevention from biofouling to ships hulls and underwater surfaces. Fouling release coatings are also used in the manufacturing process of other products including wood preservatives, anti-caking agents for fertilizers, pesticides for crops & insecticides among others.
Application Insights:
Bulk carriers, tankers, container ships and other vessels are the key application segments in the global marine antifouling paints market. Bulk carriers were the largest segment in 2016 and accounted for a share of over 40% of overall revenue that year. These ships travel long-distance routes between major ports where they discharge their cargo into waiting trucks, trains or transports that carry it to its final destination. They also load up again on return trips along these same routes with the empty containers being repositioned back to their originating port for reloading purposes.
Tankers are another significant segment within this industry owing to their use in transporting liquid or gas commodities across oceans and seas at a desired temperature without allowing any damage from bacterial or physical contaminants like rust, corrosion products etc., while keeping all equipment clean by maintaining an ideal level of hygiene inside tankships is expected to drive demand over next few years as well.
Regional Analysis:
Asia Pacific was the leading regional market in terms of revenue and is expected to continue its dominance over the forecast period. The region is anticipated to register a CAGR of XX% from 2018 to 2030 owing to increasing marine construction activities, especially in developing economies such as China and India. In addition, rising awareness regarding ship maintenance services will augment growth further.
The growing popularity of recreational boating has resulted in increased spending on refurbishing old ships that would otherwise be scrapped or sold for scrap metal, thus positively influencing industry growth over the projected period.
Growth Factors:
- Increasing demand for marine vessels and boats
- Growing awareness about the harmful effects of marine fouling on the environment
- Proliferation of stringent environmental regulations governing anti-fouling paints
- Technological advancements in the field of anti-fouling paints 5. Rising demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Antifouling Paints Market Research Report
By Type
Self-Polishing Copolymer (SPC) Coatings, Fouling Release Coatings (FRC), Ablative Type, Others
By Application
Bulk Carriers, Tankers, Container Ships, Passenger and Cruise Ships, Others
By Companies
Akzo Nobel, PPG Industries, Hempel, Sherwin-Williams, Jotun, KCC Marine Coatings, Kansai Paint, Chugoku Marine Paints, Nippon Paint Marine Coatings, Axalta Coatings, Zhejiang Yu Tong, Xiamen Sunrui
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Marine Antifouling Paints Market Report Segments:
The global Marine Antifouling Paints market is segmented on the basis of:
Types
Self-Polishing Copolymer (SPC) Coatings, Fouling Release Coatings (FRC), Ablative Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bulk Carriers, Tankers, Container Ships, Passenger and Cruise Ships, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel
- PPG Industries
- Hempel
- Sherwin-Williams
- Jotun
- KCC Marine Coatings
- Kansai Paint
- Chugoku Marine Paints
- Nippon Paint Marine Coatings
- Axalta Coatings
- Zhejiang Yu Tong
- Xiamen Sunrui
Highlights of The Marine Antifouling Paints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Self-Polishing Copolymer (SPC) Coatings
- Fouling Release Coatings (FRC)
- Ablative Type
- Others
- By Application:
- Bulk Carriers
- Tankers
- Container Ships
- Passenger and Cruise Ships
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Antifouling Paints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine antifouling paints are a type of paint that is used to protect the hulls and superstructure of boats from fouling by marine organisms.
Some of the major players in the marine antifouling paints market are Akzo Nobel, PPG Industries, Hempel, Sherwin-Williams, Jotun, KCC Marine Coatings, Kansai Paint, Chugoku Marine Paints, Nippon Paint Marine Coatings, Axalta Coatings, Zhejiang Yu Tong, Xiamen Sunrui.
The marine antifouling paints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Antifouling Paints Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Antifouling Paints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Antifouling Paints Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Antifouling Paints Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Antifouling Paints Market Size & Forecast, 2018-2028
4.5.1 Marine Antifouling Paints Market Size and Y-o-Y Growth
4.5.2 Marine Antifouling Paints Market Absolute $ Opportunity
Chapter 5 Global Marine Antifouling Paints Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Antifouling Paints Market Size Forecast by Type
5.2.1 Self-Polishing Copolymer (SPC) Coatings
5.2.2 Fouling Release Coatings (FRC)
5.2.3 Ablative Type
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Antifouling Paints Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Antifouling Paints Market Size Forecast by Applications
6.2.1 Bulk Carriers
6.2.2 Tankers
6.2.3 Container Ships
6.2.4 Passenger and Cruise Ships
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Antifouling Paints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Antifouling Paints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Antifouling Paints Analysis and Forecast
9.1 Introduction
9.2 North America Marine Antifouling Paints Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Antifouling Paints Market Size Forecast by Type
9.6.1 Self-Polishing Copolymer (SPC) Coatings
9.6.2 Fouling Release Coatings (FRC)
9.6.3 Ablative Type
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Antifouling Paints Market Size Forecast by Applications
9.10.1 Bulk Carriers
9.10.2 Tankers
9.10.3 Container Ships
9.10.4 Passenger and Cruise Ships
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Antifouling Paints Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Antifouling Paints Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Antifouling Paints Market Size Forecast by Type
10.6.1 Self-Polishing Copolymer (SPC) Coatings
10.6.2 Fouling Release Coatings (FRC)
10.6.3 Ablative Type
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Antifouling Paints Market Size Forecast by Applications
10.10.1 Bulk Carriers
10.10.2 Tankers
10.10.3 Container Ships
10.10.4 Passenger and Cruise Ships
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Antifouling Paints Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Antifouling Paints Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Antifouling Paints Market Size Forecast by Type
11.6.1 Self-Polishing Copolymer (SPC) Coatings
11.6.2 Fouling Release Coatings (FRC)
11.6.3 Ablative Type
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Antifouling Paints Market Size Forecast by Applications
11.10.1 Bulk Carriers
11.10.2 Tankers
11.10.3 Container Ships
11.10.4 Passenger and Cruise Ships
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Antifouling Paints Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Antifouling Paints Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Antifouling Paints Market Size Forecast by Type
12.6.1 Self-Polishing Copolymer (SPC) Coatings
12.6.2 Fouling Release Coatings (FRC)
12.6.3 Ablative Type
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Antifouling Paints Market Size Forecast by Applications
12.10.1 Bulk Carriers
12.10.2 Tankers
12.10.3 Container Ships
12.10.4 Passenger and Cruise Ships
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Antifouling Paints Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Antifouling Paints Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Antifouling Paints Market Size Forecast by Type
13.6.1 Self-Polishing Copolymer (SPC) Coatings
13.6.2 Fouling Release Coatings (FRC)
13.6.3 Ablative Type
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Antifouling Paints Market Size Forecast by Applications
13.10.1 Bulk Carriers
13.10.2 Tankers
13.10.3 Container Ships
13.10.4 Passenger and Cruise Ships
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Antifouling Paints Market: Competitive Dashboard
14.2 Global Marine Antifouling Paints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzo Nobel
14.3.2 PPG Industries
14.3.3 Hempel
14.3.4 Sherwin-Williams
14.3.5 Jotun
14.3.6 KCC Marine Coatings
14.3.7 Kansai Paint
14.3.8 Chugoku Marine Paints
14.3.9 Nippon Paint Marine Coatings
14.3.10 Axalta Coatings
14.3.11 Zhejiang Yu Tong
14.3.12 Xiamen Sunrui
