Anti-Fouling Paints and Coatings Market Key Vendors, Trends and Forecast by 2031

Analyst Perspective 

The global anti-fouling paints and coatings market is estimated to register a

CAGR OF ~8%.

The marine and ship-building industries worldwide are experiencing significant growth, positively impacting the market. This is fueled by increased investments in enhancing vessel durability, corrosion prevention, and anti-fouling paints. The rising demand for advanced options like low-friction, metal-free, and silicone-based coatings, increased ownership of leisure boasts, and the oil and gas industry's need for FPSO vessels are additional factors propelling market growth. Emerging technologies and biofouling are significant opportunities for the anti-fouling paints and coatings market growth.  Environmental concerns, durability and efficacy, and cost competitiveness are significant challenges that may hamper the market growth.

Market Overview

Anti-fouling paints and coatings are specialized types of coating used on the undersides of ships and marine vessels to protect the submerged metal surfaces from deterioration. They enhance the durability and performance of vessels and are also beneficial for offshore oil rigs. The market for these coatings is anticipated to grow due to increased demand from the marine industry. The anti-fouling paints and coatings market is also driven by the increasing use of offshore oil and gas platforms, the growing popularity of recreational boating, and the need to protect marine infrastructure from biofouling. Several new technologies are being developed that could revolutionize the anti-fouling paints and coatings market, including self-polishing paints, foul-release coatings, and nontoxic biocides.

Market Drivers

• The global shipping industry is expected to grow steadily in the forecasted period, driven by increasing international trade and globalization, which will lead to an increased demand for anti-fouling paints and coatings to protect ships from biofouling,
• Fuel is one of the latest operating costs for shipping companies. Anti-fouling paints and coatings can help reduce fuel consumption by reducing drag on a ship's hull. This is a significant incentive for shipping companies to invest in anti-fouling technologies.

Market Segmentation

The anti-fouling paints and coatings market is segmented based on type and application. The market is segmented based on type into copper-based, self-polishing copolymer, hybrid, and others. The anti-fouling paints and coatings market is segmented based on application into shipping vessels, drilling rigs and production platforms, boats, yachts, and mooring lines.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global anti-fouling paints and coatings market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The market by region is also sub-segmented by respective countries and segments. The anti-fouling paints and coatings market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the anti-fouling paints and coatings market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' anti-fouling paints and coatings market.

MARKET PLAYERS

The reports cover vital organic and inorganic growth strategy developments in anti-fouling paints and coatings. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the anti-fouling paints and coatings market are anticipated to have lucrative growth opportunities with the increasing demand for anti-fouling paints and coatings from the oil and gas industry in the global market.

The report includes key companies' profiles, SWOT analysis, and anti-fouling paints and coatings market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the anti-fouling paints and coatings market.

• Akzo Nobel N.V
• Archer Daniels Midland Company
• Sherwin Williams Company
• BASF SE
• Jotun
• Boero Bartolomeo S.p.A.
• PPG industries
• Chugoku Marine Paints, Ltd.
• Kansai paints
• HEMPEL A/S

Anti-Fouling Paints and Coatings Report Scope