The global marine coatings market is projected to register formidable growth during the forecast period, 2023-2027. Marine coatings are applied to container ships, bulk carriers, passenger ships, cargo, etc. to protect them from corrosion degrades, which can significantly reduce the life of marine vessels and degrade their appearance over time.
The Important Elements of Marine Coatings Market
The growing disposable income of the population, increasing overall international trade which results in increasing the use of sea routes, and increasing demand for marine coatings from emerging economies such as China and South Korea is expected to fuel the growth of the marine coating market across the globe. Besides, the enhanced focus of manufacturers on introducing product innovations that help to improve fuel consumption coupled with the increasing ship repairing and overhaul demand is anticipated to fuel the growth of the global marine coating market.
Additionally, the growing need for low-fuel consumption and low-emission coatings, and proliferating shipbuilding industry in Asia-Pacific are some of the factors boosting the growth of the global marine coatings market during the forecast period.
Moreover, boost in the cruise traveling is creating a surge in demand for coatings used for repair and maintenance purposes, which in turn, is expected to positively influence the growth of the global marine coatings market in the coming years.
The global marine coatings market is segmented on the basis of resin, product type, application, and region. Based on application, the marine coating market is classified into cargo ships, passenger ships, boats, and others. The passenger ships segment of the marine coating market is projected to grow at the highest CAGR during the forecast period. Geographically, the Asia Pacific region is the largest market for marine coatings and is expected to continue leading the market till 2027.
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Some of the leading players in the global marine coating market
- AkzoNobel
- PPG Industries
- Chugoku Marine Paints
- Jotun
- Sherwin-Williams
- Hempel
- Nippon Paint
- Kansai Paint
- BASF Coatings
- Axalta, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments Covered | · By Resin· By Product Type· By Application |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | Dymax Corporation, Henkel AG & Co KgaA, H.B. Fuller Company, 3M Company, Evonik Industries AG, Dow Corning, Alent Plc, BASF SE, The DOW Chemical Co., H.B. Fuller |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global marine coatings market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Marine Coating Market, By Resin:
- Epoxy
- Polyurethane
- Alkyd
- Others
- Marine Coatings Market, By Product Type:
- Anti-Corrosion Marine Coatings
- Antifouling Coatings
- Others
- Marine Coatings Market, By Application:
- Passenger Ships
- Cargo Ships
- Boats
- Others
- Marine Coating Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global marine coating market.
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Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on Global Marine Coating Market
- Voice of Customer
5.1. Product Awareness
5.2. Factors Influencing the Purchase Decision
5.3. Product Pricing
5.4. Challenges & Unmet Needs
- Global Marine Coating Market Overview
- Global Marine Coatings Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Resin (Epoxy, Polyurethane, Alkyd and Others)
7.2.2. By Product Type (Anti-Corrosion Marine Coatings, Antifouling Coatings and Others)
7.2.3. By Application (Passenger Ships, Cargo Ships, Boats and Others)
7.2.4. By Region
7.3. Market Attractiveness Index
- Asia-Pacific Marine Coating Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Resin
8.2.2. By Application
8.2.3. By Country
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Marine Coatings Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Resin
8.4.1.3. Market Attractiveness Index
8.4.2. India Marine Coating Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Resin
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Marine Coatings Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Resin
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Marine Coating Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Resin
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Marine Coating Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Resin
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Marine Coatings Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Resin
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Marine Coatings Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Resin
8.4.7.3. Market Attractiveness Index