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Global Antifouling Coatings Market 2017-2021

About Antifouling Coatings

Biofouling is the accumulation of subaquatic organisms on any surface, if immersed in water, fresh water, or sea water for a long time. It can occur anywhere where water is present. In the case of boats, ships, it can affect the performance of the vessel and increase the consumption of fuel. Antifouling coatings are used to prevent biofouling on the surface of the hull of boats, ships, and offshore rig structures. They can be copper-based, self-polishing copolymer, or hybrid.

Technavio’s analysts forecast the global antifouling coatings market to grow at a CAGR of 13.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global antifouling coatings market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Antifouling Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • Hempel
  • Jotun
  • PPG industries
  • Sherwin-Williams Company
Other prominent vendors
  • BASF
  • Boero
  • Chugoku Marine Paints
  • DuPont
  • Kansai Paints
  • Nippon Paint Holdings
  • Sea Hawk Paints
  • San Cera Coat Industries
  • Altex Coatings
  • The Witham Group
  • PYI
Market driver
  • Growth in ship building industry
  • For a full, detailed list, view our report
Market challenge
  • Cost of raw materials
  • For a full, detailed list, view our report
Market trend
  • Use of eco-friendly components
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Antifouling Coatings Market 2017-2021

Technavio recognizes the following companies as the key players in the global antifouling coatings market: Akzo Nobel, Hempel, Jotun, PPG industries, and Sherwin-Williams Company

Other Prominent Vendors in the market are: BASF, Boero, Chugoku Marine Paints, DuPont, Kansai Paints, Nippon Paint Holdings, Sea Hawk Paints, San Cera Coat Industries, Altex Coatings, The Witham Group, and PYI.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of eco-friendly components. Antifouling coatings contain chemicals that cause harm to the marine flora and fauna. Strict regulations against the use of harmful chemicals have been implemented to safeguard the marine environment. Research and experiments are being undertaken to find alternatives to these harmful chemicals and replace them with eco-friendly ones. It is possible that in the coming years, antifouling coatings with no biocide may enter the market. This can be a step ahead toward sustainability.”

According to the report, one of the major drivers for this market is Growth in ship building industry. The ship building industry is a major end user for the global antifouling coatings market. The growth rate of this industry was very slow until 2010. Since then, it has shown accelerated growth mainly due to growth in seaborne trade, increasing global Foreign Direct Investment (FDI) flows, and expanding multinational company's businesses. Manufacturing new ships and an increase in repair and maintenance of old ships are major growth drivers for the global antifouling coatings market.

Further, the report states that one of the major factors hindering the growth of this market is Cost of raw materials. The price of raw materials has always been a challenge for the global antifouling coatings market. The manufacturing of antifouling coatings involves many chemicals, which are available in the commodities market. Fluctuation in the prices of these components affects the price of antifouling coatings. For example, copper is one of the major components in several antifouling coatings. Fluctuation in the price of copper will directly impact the price of antifouling coatings.

Companies Mentioned

Akzo Nobel, Hempel, Jotun, PPG industries, Sherwin-Williams Company, BASF, Boero, Chugoku Marine Paints, DuPont, Kansai Paints, Nippon Paint Holdings, Sea Hawk Paints, San Cera Coat Industries, Altex Coatings, The Witham Group, and PYI.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of antifouling coatings
      • Table Composition of antifouling paints
  • Market Landscape
    • Global antifouling coatings market
      • Table Global antifouling coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global antifouling coatings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Overview: Global antifouling coatings market by application
      • Table Global antifouling coatings market by application 2016
      • Table Global antifouling coatings market by application 2021
    • Global antifouling coatings market for vessels
      • Table Global antifouling coatings market for vessels 2016 and 2021 ($ billions)
      • Table Market forecast: Global antifouling coatings market for vessels 2016-2021
    • Global antifouling coatings market for rigs
      • Table Global antifouling coatings market for rigs 2016 and 2021 ($ billions)
      • Table Market forecast: Global antifouling coatings market for rigs 2016-2021
  • Geographical segmentation
    • Overview: Global antifouling coatings market by geography
      • Table Global antifouling coatings market by geography 2016
      • Table Global antifouling coatings market by geography 2021
    • Antifouling coatings market in APAC
      • Table Antifouling coatings market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Antifouling coatings market in APAC 2016-2021
      • Table Percentage share of new orders in the ship building industry in APAC 2016
    • Antifouling coatings market in Europe
      • Table Antifouling coatings market in Europe 2016 and 2021 ($ billions)
      • Table Market forecast: Antifouling coatings market in Europe 2016-2021
      • Table Percentage share of new orders in the ship building industry in Europe 2016
    • Antifouling coatings market in North America
      • Table Antifouling coatings market in North America 2016 and 2021 ($ billions)
      • Table Market forecast: Antifouling coatings market in North America 2016-2021
    • Antifouling coatings market in ROW
      • Table Antifouling coatings market in ROW 2016 and 2021 ($ billions)
      • Table Market forecast: Antifouling coatings market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global ship building market 2014-2019
    • Market challenges
  • Market trends
    • Use of eco-friendly components
    • Use of antioxidants in coatings
    • Introduction of biomimetic
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016
      • Table Akzo Nobel: Geographical segmentation by revenue 2016
    • Hempel
      • Table Hempel: Business segmentation
      • Table Hempel: Geographical segmentation by revenue 2016
      • Table Hempel: Sub-segments under marine business segment
      • Table Hempel: Categories of antifouling product range
      • Table Hempel: Products under different antifouling technologies
    • Jotun
      • Table Jotun: Business segmentation by revenue 2016
      • Table Jotun: Geographical segmentation of marine coating segments by revenue 2016
      • Table Industries and sub-segments for which Jotun provides antifouling products
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2016
      • Table PPG Industries: Geographical segmentation by revenue 2016
      • Table PPG Industries: Antifouling categories and their products
    • Sherwin-Williams Company
      • Table Sherwin-Williams Company: Business segmentation 2016
      • Table Sherwin-Williams Company: Business segmentation by revenue 2016
      • Table Sherwin-Williams Company: Geographical segmentation by revenue 2016
      • Table Sherwin-Williams Company products in antifouling coatings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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