PUBLISHER: The Business Research Company | PRODUCT CODE: 1926999
PUBLISHER: The Business Research Company | PRODUCT CODE: 1926999
Marine coating is a specialized protective coating designed to serve as a barrier, safeguarding substrates from damage by creating a protective layer between the water and the surface. This type of coating is commonly applied to ships, boats, tankers, and other materials to protect them from the effects of both saltwater and freshwater.
The primary product types of marine coatings include anti-fouling coatings, anti-corrosion coatings, foul-release coatings, and others. Anti-fouling coatings, for instance, typically feature a vinyl and wood rosin binder and are applied to the hull and propellers of maritime vessels. Resins used in marine coatings comprise various types such as epoxy, polyurethane, acrylic, alkyd, and others. Different technologies, including water-borne and solvent-borne, are employed, and these coatings find applications in various settings such as coastal areas, containers, deep-sea environments, leisure boats, offshore vessels, and more. They are utilized by diverse end-users, including those involved in the construction of new ships and repair work.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the marine coatings market by increasing costs of imported resins, pigments, specialty additives, and coating formulation chemicals. Shipbuilding regions in Europe and North America are most affected due to reliance on imported raw materials, while Asia-Pacific faces pricing pressure on export-oriented coating production. These tariffs are raising coating costs and affecting vessel maintenance budgets. However, they are also encouraging local raw material sourcing, regional coating manufacturing, and innovation in high-performance, low-cost marine coatings.
The marine coatings market research report is one of a series of new reports from The Business Research Company that provides marine coatings market statistics, including marine coatings industry global market size, regional shares, competitors with a marine coatings market share, detailed marine coatings market segments, market trends and opportunities, and any further data you may need to thrive in the marine coatings industry. This marine coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine coatings market size has grown strongly in recent years. It will grow from $5.49 billion in 2025 to $5.83 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth of global shipping activities, expansion of shipbuilding and repair operations, increasing offshore oil and gas exploration, rising maintenance of aging marine fleets, availability of advanced coating technologies.
The marine coatings market size is expected to see strong growth in the next few years. It will grow to $7.49 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing investments in sustainable shipping, rising demand for next-generation foul release coatings, expansion of offshore renewable energy installations, growing focus on lifecycle cost reduction, increasing regulatory pressure on marine emissions. Major trends in the forecast period include increasing adoption of eco-friendly anti-fouling coatings, rising use of high-durability anti-corrosion systems, growing demand for low-voc marine coatings, expansion of offshore vessel protection solutions, enhanced focus on fuel-efficiency coatings.
The growing sea trade activities are expected to drive the growth of the marine coatings market going forward. Sea trade refers to the transportation of goods between countries via maritime routes. Marine coatings help prevent corrosion on ships while submerged in water, protect against moisture, and reduce hydrodynamic drag, thereby improving vessel efficiency. Consequently, the expansion of sea trade increases the demand for marine coatings. For instance, in March 2025, the United States Naval Institute, a US-based non-profit organization, reported that maritime trade volume is projected to rise by 2% in 2024, while container trade is expected to grow by 2.7%. Therefore, the growing sea trade activities are fueling the marine coatings market.
Key companies in the marine coatings market are focusing on developing innovative products to maintain their market position. For example, in March 2023, PPG Industries Inc., a US-based manufacturer of paints, coatings, and specialty materials, launched the PPG SIGMAGLIDE 2390 marine coating. This coating reduces energy consumption, lowers carbon emissions, and surpasses performance standards without harming the marine environment. The biocide-free fouling release coating uses PPG HYDRORESET technology, which transforms the coating when submerged to create an ultra-smooth, nearly frictionless surface that resists marine organism attachment.
In February 2024, Henkel, a Germany-based global leader in adhesives, sealants, and functional coatings, acquired Seal for Life Industries LLC for an undisclosed amount. Through this acquisition, Henkel aims to strengthen its protective coatings and sealing portfolio, expand its presence in infrastructure and industrial maintenance markets, accelerate growth in high-performance materials, and enhance corrosion protection and asset durability solutions across critical industries. Seal for Life Industries LLC is a US-based provider of protective coating and sealing solutions for pipelines, infrastructure, and industrial applications.
Major companies operating in the marine coatings market are AkzoNobel, PPG Industries, Jotun, Hempel, Nippon Paint Marine, Kansai Paint, Sherwin-Williams, Chugoku Marine Paints, KCC Corporation, Axalta Coating Systems, Teknos Group, Tnemec Company, Berger Paints, Asian Paints, Jotun Powder Coatings, Sigma Coatings, International Paint, CMP Coatings, KCC Marine Coatings, Noroo Paint
Asia-Pacific was the largest region in the marine coatings market in 2025. The regions covered in the marine coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the marine coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The marine coating market consists of sales of paints, primers, base coats, and top coats. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Marine Coatings Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses marine coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for marine coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The marine coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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