A coating film capable of being peeled off in the shape of sheet to facilitate a coating film removal work, and is less likely to peel even after long periods of use on an underwater structure is provided. The coating film comprises an undercoat layer to be bonded to an underwater structure, and an antifouling layer bonded to the undercoat layer, wherein: a 100-gram underwater constant load peeling degree of the coating film is less than 5; a ratio of a tensile breaking strength of the coating film to an adhesive force of the coating film with respect to the underwater structure, as measured after immersing the coating film in pure water at 60° C. for 5 weeks is 1.5 or more; and a 1-mm square cross-cut stretching-caused peeling degree of the antifouling layer with respect to the undercoat layer is 0.05 or less.