Antifouling Paints and Coatings Market Forecast [2030]
Antifouling Paints and Coatings Market Forecast [2030]
Segments - Global and China Antifouling Paints and Coatings Market by Type (Copper-based, Self-Polishing Copolymer, Hybrid, and Others), By Application (Shipping Vessels, Drilling Rigs & Production Platforms, Fishing Boats, Yachts & Other Boats, Inland Waterways Transport, and Mooring Lines) by sales channel (Online, Offline), China and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global and China Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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Report Description
Antifouling Paints and Coatings Market Outlook
The Global and China Antifouling Paints and Coatings Market was valued at USD 7,953.0 Million in 2019 depending on this study by 2027 CAGR is expected to reach 8.6% during the forecast period. The market is expected to grow owing to increase in increase in shipbuilding activates worldwide. Antifouling paints and coatings are used as a protective layer against corrosion and effects caused by marine life on ships boats and other equipment and platforms which are submerged in water. Antifouling Paints and Coatings also help to increase the life span of ships boats and other applications. Due to its smooth surface friction is reduced which helps water vessels in saving the fuel. All these properties make antifouling paints and coatings an integral part in building these applications.
Market Dynamics
Strong ship building activities in APAC is fueling the antifouling paints and coatings market. Ships and ship-related equipment industries demand antifouling paints and coatings; therefore, growing shipbuilding industry is driving the antifouling paints and coatings market.
Rising Drilling Activities to propel market growth worldwide.
The demand for natural gas and oil is rising year on year due to growing global population. To cope with the demand, drilling activities for oil and gas rigs have increased worldwide, this will drive antifouling paints and coatings market during forecast period. Many gas rigs around the world are choosing Floating Production Storage and Offloading (FPSO) & Floating Storage and Offloading (FSO), as a primary method for storage and offloading. These systems have opened new ways for oil drilling companies to further venture for oil in the deep sea even in extreme weather conditions. To withstand the extreme weather and the deep-sea protection of these vessels is a huge concern that are driving the antifouling paint and coating market during the forecast period.
Rising demand for fishery products and increase in government policies are driving China’s fishing industry. With more population leaning toward seafood as a healthy food option fishing industry is expected to fuel the antifouling paints and coatings market during the forecast period. Increasing disposable income and growing tourism and tourism-related activities are fueling the need for leisure boat and yacht, which in turn, is boosting the antifouling paints and coatings market.
Surge in the use of updated technology is creating opportunities in the antifouling paints and coatings market. Development and launch of superior anti corrosion and biocide properties are expected to create opportunities in the market. New initiatives towards environment friendly approach are expected to create lucrative opportunities for antifouling paints and coatings market growth during the forecast period. However, high investment and growing manufacturing costs for antifouling paints and coatings are restraining the market growth.
Segmental Outlook
By Type Segment
Based on type, the market has been segmented into copper based, self-polishing copolymer, hybrid and other. The copper based antifouling paints and coatings market is expected to dominate the market throughout forecast period. Owing to their popularity and easy availability Copper base antifouling paints and coatings segment is expected to grow with significant CAGR. The self-polishing copolymer segment is expected to grow at significant CAGR during forecast period driven by increasing demand for self-polishing copolymer due to its requirement of low maintenance.
By Application Segment
In terms of applications, antifouling paints and coatings market is segmented into Shipping Vessels Drilling Rigs & Production Platforms, Fishing Boats, Yachts & Other Boats, Inland Waterways Transport, and Mooring Lines s. shipping vessels bring the highest revenue for the antifouling paints and coatings market. The shipping vessel building activities are growing with every passing year and with that antifouling paints and coatings market is growing with significant CAGR. Fishing boats building is on the rise with growing population. Need to provide food for the population is driving the fishing boat building activity, which in turn is driving antifouling paints and coatings market.
By sales channel
By sales channel market is divided into online sales and Offline. Online channel is proving to be more and more dominant with every passing year.
Regional Outlook
Based on regions, the global antifouling paints and coatings Market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The APAC region is the biggest consumers of antifouling paints and coatings. Considering the shipping vessels, fishing boats and other boat and ship building activities that are being carried out in these regions. Moreover, the market in Asia Pacific is projected to grow due to the rising expenditure on production and exploration of natural gas and crude oil in India, China, and Thailand and it is anticipated to further fuel the demand for antifouling paints and coatings in drilling rigs and production platforms. The market in Europe is expected to grow at a substantial pace due to the increasing demand for leisure boats, especially in Western Europe. These types of boats require a significant amount of maintenance and protection from water. This, in turn, is fueling the growth of the antifouling paints and coatings market in Europe. The market in the Middle East & Africa has emerged as one of the major hubs for leisure boating, yachts, and boats. The development of marine infrastructure and the evolution of tourism is expected to create opportunities for the yacht and boat industry in the region. Hence, the demand for antifouling paints and coating is expected to rise with the growth of tourism in the MEA.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the global Organic Dried Fruit market.
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Antifouling paints and coatings market Performance
Segments
By Type
- Copper based
- Self-Polishing copolymer
- Hybrid
- Others
By Application
- Shipping Vessels
- Drilling Rigs & Production Platforms
- Fishing Boats
- Yachts & Other Boats
- Inland Waterways Transport
- Mooring Lines
By Sales Channel
- Offline
- Online
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA)
- Rest of Asia Pacific (APAC)
- Middle East & Africa (MEA)
Key Market Players Profiled in the Report
Competitive Landscape
- Key players in the market include Akzo Nobel N.V., BASF S.E., Nippon Paint Marine Coatings Co. Ltd, PPG Industries Inc., The Sherwin-Williams Company, Jotun, Hempel A/S, Chugoku Marine Paints Ltd., Boero Yachtcoatings, Kop-Coat Marine Group (Pettit Marine Paint), Aquarius Marine Coatings Ltd, Advanced Marine Coatings (AMC), Kansai Paint Group These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
- The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for Organic dry fruit snacks.
Frequently Asked Questions
Additional company profiles can be provided on request.
Yes, the report covers types of antifouling paints and coatings such as Copper-based, Self-Polishing Copolymer, Hybrid, Others.
According to this Growth Market Reports report, the market from Antifouling paints and coatings is likely to register a CAGR of 8.6% during forecast period 2020-2027, with an anticipated valuation of USD 12,933.5 million by the end of the 2027.
In addition to market size (in USD Million) and Market Volume (million liters) Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the antifouling paints and coatings Market is available in final report.
The market is driven by rising shipping vessel activities worldwide. The demand for antifouling paints and coatings is growing rapidly in accordance with the growth of the ship building across Asia Pacific region. The rising demand for shipping of goods across the globe is driving the shipbuilding and hence the demand for antifouling paints and coatings.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slight decline in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the shipbuilding activities.
The base year considered for the global Antifouling paints and coatings market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Shipping Vessels, Drilling Rigs & Production Platforms, Fishing Boats, Yachts & Other Boats, Inland Waterways Transport, Mooring Lines.
Major Manufactures include Akzo Nobel N.V., BASF S.E., Nippon Paint Marine Coatings Co. Ltd, PPG Industries Inc., The Sherwin-Williams Company, Jotun, Hempel A/S, Chugoku Marine Paints Ltd., Boero Yachtcoatings, Kop-Coat Marine Group (Pettit Marine Paint), Aquarius Marine Coatings Ltd, Advanced Marine Coatings (AMC), Kansai Paint and Others.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Antifouling Paints and Coatings 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 Antifouling Paints and Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Antifouling Paints and Coatings 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 Antifouling Paints and Coatings 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 and China Antifouling Paints and Coatings Market Size & Forecast, 2017-2027
4.5.1 Antifouling Paints and Coatings Market Size and Y-o-Y Growth
4.5.2 Antifouling Paints and Coatings Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, Type, 2017-2027
4.7 Global Antifouling Paints and Coatings Market: Impact Of Key Regulations
Chapter 5 Global and China Antifouling Paints and Coatings 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 Antifouling Paints and Coatings Market Size Forecast by Type
5.2.1 Copper-based
5.2.2 Self-Polishing Copolymer
5.2.3 Hybrid
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global and China Antifouling Paints and Coatings Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Antifouling Paints and Coatings Market Size Forecast by Application
6.2.1 Shipping Vessels
6.2.2 Drilling Rigs & Production Platforms
6.2.3 Fishing Boats
6.2.4 Yachts & Other Boats
6.2.5 Inland Waterways Transport
6.2.6 Mooring Lines
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global and China Antifouling Paints and Coatings Market Analysis and Forecast by Sales Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Sales Channel
7.1.2 Basis Point Share (BPS) Analysis by Sales Channel
7.1.3 Absolute $ Opportunity Assessment by Sales Channel
7.2 Antifouling Paints and Coatings Market Size Forecast by Sales Channel
7.2.1 Online
7.2.2 Offline
7.3 Market Attractiveness Analysis by Sales Channel
Chapter 8 Global and China Antifouling Paints and Coatings Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Antifouling Paints and Coatings Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 China
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 Asia Pacific Antifouling Paints and Coatings Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Antifouling Paints and Coatings Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
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 Asia Pacific Antifouling Paints and Coatings Market Size Forecast by Type
10.6.1 Copper-based
10.6.2 Self-Polishing Copolymer
10.6.3 Hybrid
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 Asia Pacific Antifouling Paints and Coatings Market Size Forecast by Application
10.10.1 Shipping Vessels
10.10.2 Drilling Rigs & Production Platforms
10.10.3 Fishing Boats
10.10.4 Yachts & Other Boats
10.10.5 Inland Waterways Transport
10.10.6 Mooring Lines
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
10.14 Asia Pacific Antifouling Paints and Coatings Market Size Forecast by Sales Channel
10.14.1 Online
10.14.2 Offline
10.15 Basis Point Share (BPS) Analysis by Sales Channel
10.16 Absolute $ Opportunity Assessment by Sales Channel
10.17 Market Attractiveness Analysis by Sales Channel
Chapter 11 China Antifouling Paints and Coatings Analysis and Forecast
11.1 Introduction
11.2 China Antifouling Paints and Coatings Market Size Forecast by Country
11.2.1 China
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 China Antifouling Paints and Coatings Market Size Forecast by Type
11.6.1 Copper-based
11.6.2 Self-Polishing Copolymer
11.6.3 Hybrid
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 China Antifouling Paints and Coatings Market Size Forecast by Application
11.10.1 Shipping Vessels
11.10.2 Drilling Rigs & Production Platforms
11.10.3 Fishing Boats
11.10.4 Yachts & Other Boats
11.10.5 Inland Waterways Transport
11.10.6 Mooring Lines
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
11.14 China Antifouling Paints and Coatings Market Size Forecast by Sales Channel
11.14.1 Online
11.14.2 Offline
11.15 Basis Point Share (BPS) Analysis by Sales Channel
11.16 Absolute $ Opportunity Assessment by Sales Channel
11.17 Market Attractiveness Analysis by Sales Channel
Chapter 12 Competition Landscape
12.1 Antifouling Paints and Coatings Market: Competitive Dashboard
12.2 Global Antifouling Paints and Coatings Market: Market Share Analysis, 2019
12.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
12.3.1 Akzo Nobel N.V
12.3.2 BASF S.E.
12.3.3 Nippon Paint Marine Coatings Co. Ltd.
12.3.4 PPG Industries Inc
12.3.5 The Sherwin-Williams Company
12.3.6 Jotun
12.3.7 Hempel A/S
12.3.8 Chugoku Marine Paints Ltd.
12.3.9 Boero Yachtcoatings
12.3.10 Kop-Coat Marine Group (Pettit Marine Paint)
12.3.11 Aquarius Marine Coatings Ltd
12.3.12 Advanced Marine Coatings (AMC)
12.3.13 Kansai Paint Group
Methodology
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