The global smart antifouling coatings market was valued at USD 470.44 Million in 2023 and growing at a CAGR of 23.80% from 2023 to 2032. The market is expected to reach USD 3,978.42 Million by 2033. These non-traditional antifouling products are applied to ships and offshore structures in freshwater or sea environments. It helps the ship protect the structure from weakening and keeps it looking good. Global merchant fleets consist of bulk carriers, container ships, tankers, cargo ships, passenger and & cruise ships, etc. The ship operators must ensure that the ship is protected, whether idle for long periods, in active service, or at risk of fluctuation between the two. The antifouling coating provides extended static protection from both soft and hard fouling, and it is considered a must for the shipping fleet worldwide. One study found that in 44% of the vessels surveyed, more than 10% of the underwater hull surface was broadly covered with hard fouling. Hence, it is eventually driving the use of the smart antifouling coating market.
Smart antifouling coatings are smart coatings, also known as intelligent coatings, and these coatings, in general, have specific functionalities and properties that external stimuli, like changes in temperature, pH, light, etc, can trigger. Such coatings are designed for specific functionality like self-healing, colour changes, and corrosion resistance against specific triggering. The leading organizations in this market are trying to stay updated with the latest advancements in coating technology to formulate a high-performance coating that meets customers' needs. Smart antifouling coatings are broadly used for the marine sector, and these are waterproof protective layers applied to surfaces immersed in fresh or saltwater environments. Ships, boats, ferries, small watercraft and marine structures like offshore oil rigs use certain types of marine coating above and below the waterline. These factors have eventually driven the market. Based on one of the studies in 2021, China accounted for around 90% of the shipbuilding activities in the world, and the demand for antifouling and anti-corrosive coating is high in this country. It has been found that plants, algae, bacteria, barnacles, etc, can easily get home on marine vessels and structures, and the unwanted organisms can easily settle on the surface in a minute if the surface is not properly coated. These organisms need specific conditions to survive and thrive, like specific temperature ranges, sunlight and suitable surfaces. To avoid this, the antifouling coating can be very suitable, which will eventually propel the growth of the smart antifouling coating market. It has been observed that vessels with heavy bioaccumulation suffer from high fuel costs because of drag and increase in emissions; hence, the protective coating is very important to the marine sector. Smart antifouling paint can be used on the aluminium hull. Moreover, the growing maritime trade and surge in maritime activities are increasing the need for effective antifouling coating for smooth sailing and operational efficiency of vessels. As international trade expands, the demand for antifouling coating is growing, eventually driving the smart antifouling coating market. These have broad applications in offshore structures, marine vessels and submerged equipment. It helps extend marine assets' life, maintaining operational efficiency and fuel economy.
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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global smart antifouling coatings market based on below mentioned segments:
Global Smart Antifouling Coatings Market by Application:
Global Smart Antifouling Coatings Market by Distribution Channel:
Global Smart Antifouling Coatings by Region:
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