Global Antifouling Paints and Coatings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

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 Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn837600825 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Antifouling Paints and Coatings Market (USD Million), 2021 - 2031

In the year 2024, the Global Antifouling Paints and Coatings Market was valued at USD 11,655.62 million. The size of this market is expected to increase to USD 21,034.76 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.8%.

The Global Antifouling Paints and Coatings Market is a dynamic sector within the marine industry, dedicated to preventing the growth of unwanted organisms on submerged surfaces. Antifouling paints and coatings are essential for maintaining the efficiency and longevity of marine vessels and structures. These products are widely used on ships, yachts, offshore oil rigs, and underwater pipelines to combat biofouling—a process where marine organisms such as algae, barnacles, and mollusks attach themselves to surfaces. The accumulation of these organisms can lead to increased drag, reduced fuel efficiency, and higher maintenance costs. Therefore, the demand for effective antifouling solutions is continuously rising as maritime activities expand globally.

The market is driven by the growing international trade, increasing offshore exploration and production activities, and the expanding recreational boating industry. Stricter environmental regulations aimed at reducing the release of harmful substances into the ocean are also propelling advancements in antifouling technologies. Manufacturers are investing in research and development to create eco-friendly and more effective antifouling products. These innovations include the development of biocide-free coatings and the integration of advanced materials to enhance performance and durability while minimizing environmental impact.

Regionally, the market sees significant activity in North America, Europe, and Asia-Pacific, with Asia-Pacific expected to witness the highest growth rate due to its expanding shipbuilding industry and increasing maritime trade. North America and Europe also contribute substantially to the market, driven by stringent environmental regulations and the presence of key industry players. As the global maritime industry continues to grow, the antifouling paints and coatings market is poised for substantial expansion, offering numerous opportunities for innovation and development in sustainable and high-performance antifouling solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Antifouling Paints and Coatings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Maritime Trade
        2. Technological Advancements
        3. Stringent Environmental Regulations
      2. Restraints
        1. High Cost of Advanced Coatings
        2. Environmental Concerns
        3. Economic Uncertainty
      3. Opportunities
        1. Development of Eco-friendly Coatings
        2. Expansion in Emerging Markets
        3. Technological Innovations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Antifouling Paints and Coatings Market, By Type, 2021 - 2031 (USD Million)
      1. Copper-based
      2. Self-Polishing Copolymer
      3. Hybrid
      4. Others
    2. Global Antifouling Paints and Coatings Market, By Application, 2021 - 2031 (USD Million)
      1. Shipping Vessels
      2. Drilling Rigs & Production Platforms
      3. Fishing Boats
      4. Yachts & Other Boats
      5. Inland Waterways Transport
      6. Mooring Lines
    3. Global Antifouling Paints and Coatings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Akzo Nobel N.V.
      2. BASF S.E.
      3. Nippon Paint Marine Coatings Co. Ltd.
      4. PPG Industries Inc.
      5. The Sherwin-Williams Company
      6. Jotun
      7. Hempel A/S
      8. Chugoku Marine Paints Ltd.
      9. Boero Yachtcoatings
      10. Kop-Coat Marine Group (Pettit Marine Paint)
  7. Analyst Views
  8. Future Outlook of the Market