US Antifouling Yacht Coating Market Size, Share, Growth Analysis, By Type(Copper-based, Hybrid, Self-polishing Copolymer), By Application(Super Yacht, Flybridge Yacht, Sport Yacht, Long Range Yacht), By Region - Industry Forecast 2024-2031

US Antifouling Yacht Coating Market size was valued at USD 131 million in 2019 and is poised to grow from USD 137.57 million in 2023 to USD 199.95 million by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Antifouling coatings prevent the surface from eroding from corrosion, which is required to protect outer hull surface. Copper-based antifouling yacht coatings are widely used. In yacht coating, copper is used to control hard fouling, such as mussels, barnacles, and tube worms in yacht coating. Antifouling coatings release biocides resulting from the reaction between the water and the paint, which prevents the growth of organisms on the hull surface. Hard antifouling coatings are primarily used in sport yachts and motor yachts, which are frequently used as these have long service life when silt and sand are present in the water.

Increase in the reduction in fuel consumption is the vital factor escalating the market growth, also rise in the popularity of condition-based monitoring over breakdown maintenance in the shipping sector. The market for antifouling coating is majorly driven by its widespread presence in the shipping industry, which uses the product extensively owing to the convenience it provides in the operation of the water vehicle.

US Antifouling Yacht Coating Market is poised to grow at a sustainable CAGR for the next forecast year.