Marine Coating Market Report

Marine Coating Market Report, By Resin (Alkyd, Epoxy and Polyurethane), Product Type (Anti-Corrosion Marine Coatings, Antifouling Coatings, Anti-Slip Coatings, Chemical Resistant Coatings, Primer Coatings and Varnish Coatings), Surface, Technology Application and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10038 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global


Marine coatings are a type of protective coating used mostly in the marine environment to protect ships, vessels, tankers, and other materials from saline water or fresh water. A marine coating has specific functional properties, therefore it can provide superior protection to the surfaces to which it is applied. This coating protects submerged materials as well as vessels, ships, or yachts from sea water.

Furthermore, marine coatings differ in terms of performance parameters and processing specifications. Performance parameters cover conductivity, resistivity, dielectric strength, index of refraction, transmission, and operating or use temperature. Specialty marine coatings for saltwater or freshwater applications may carry additional specifications. With regard to processing, marine coatings are specified according to coverage, dry thickness and wet thickness, cure time and cure temperature, viscosity, volatile organic chemical (VOC) content, specific gravity, and particle size.

Global Marine Coating Market Growth Trends (2020 – 2026)


Marine Coating Market Outlook

Upcoming shipbuilding projects and plans and advancement in technology in marine coatings are some of the major factors driving the marine coating market. Furthermore, increasing shipbuilding activities in APAC coupled with reduction in fuel consumption are also the some of the factor driving the marine coating market. However, volatility in raw material prices is one of the major factor hampering growth of the marine coating market globally. Besides, increasing demand from the oil & gas industry is one of the upcoming opportunity which can drive the marine coatings market during the forecast period. 

Marine Coating Market Regional Trends

Geographically, the market is segmented into Asia-Pacific, North America, Europe and RoW. Asia Pacific region accounted for the largest market share in global marine coating market. Because the countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing remarkable surge in the usage of marine coating. Many countries of the Asia Pacific region have expanded their ship manufacturing base which is anticipated to propel the demand for marine coatings market globally. 

Marine Coating Market Segmental Highlights

  • Various resins used in marine coatings are alkyd, epoxy, polyurethane and others. Polyurethane resins are copolymers consisting of polyol and isocyanate components. They have excellent adhesion to various substrates and high elasticity. Since these polymers can be designed to match the characteristics needed, they are broadly used in various applications
  • The product types studied in the report are anti-corrosion marine coatings, antifouling coatings, anti-slip coatings, chemical resistant coatings, primer coatings, varnish coatings and others. Anti-corrosion coatings are one of the most effective and economical solutions for tackling corrosion. They act as a barrier between the surface and the corrosion agent, and prolong the life of the structure as well as enhance its efficiency
  • The surface comprises of concrete, fiberglass, metal and wood. Manufacturers in the metal marine coatings market are focusing on designing new products. Owing to the need and manufacturing of lightweight materials in marine industry, the demand for marine coatings in metal is increasing
  • The technologies used in producing marine coating are waterborne and solvent-borne. Environmental regulations boosting the demand for VOC-free coatings coupled with high growth in end-use industries are some of the factors fueling the growth of waterborne marine coatings globally
  • Various applications of marine coating are boats, cargo ships, passenger ships and others. Marine coating are extensively used in cargo ships. The cargo ships are precisely planned to carry huge quantities of cargoes compressed in diverse types of containers. Furthermore, the expansion of global trade through sea routes has increased the number of bulk carriers, container ships, and general cargo ships manufactured, in turn widening the scope of the marine coatings market


Marine Coating Market Key Players

The global marine coating market is led by key companies such as Alberdingk Boley Gmbh, Allnex Netherlands B.V., Arkema S.A., BASF SE, Covestro, Dic Corporation, Dowdupont Inc., Eternal Chemical Co. Ltd., Evonik Industries AG, Huntsman International LLC., Jiangsu Sanmu Group Corporation, Nippon Gohsei, Perstorp Holding Ab, Polynt-Reichhold, Royal DSM N.V., The Sherwin-Williams Company and Wacker Chemie. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market. 

Marine Coating Market Development

  • April 2017: Berger Paints has entered into a partnership with Japan-based Chugoku Marine Paints (CMP). This also marks its entry into the marine paints segment. Berger will initially be a production partner for CMP India but the partnership also opens up the possibility of a future joint venture (JV).

Various resins used in marine coatings are alkyd, epoxy, polyurethane and others. The product types studied in the report are anti-corrosion marine coatings, antifouling coatings, anti-slip coatings, chemical resistant coatings, primer coatings, varnish coatings and others. Furthermore, the surface comprises of concrete, fiberglass, metal and wood. The technologies used in producing marine coating are waterborne and solvent-borne. In addition, various applications of marine coating are boats, cargo ships, passenger ships and others. Marine coating are extensively used in cargo ships.

Geographically, the market is segmented into Asia-Pacific, North America, Europe and RoW. Asia Pacific region accounted for the largest market share in global marine coating market. Because the countries in this region such as China, India, Japan, South Korea, and Indonesia are witnessing remarkable surge in the usage of marine coating. Many countries of the Asia Pacific region have expanded their ship manufacturing base which is anticipated to propel the demand for marine coatings market globally. 

Why to buy this report:

  • The report offers changing market dynamics in the marine coating market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of marine coating
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the marine coating market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of marine coating market