"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Marine Coatings Market Size, Share & Industry Analysis, By Product Type (Anti-corrosion Coatings, Anti-Fouling Coatings, Other), By Application (Cargo Ships, Passenger Ships, Boats, Submarines, Service Ships, Offshore Vessels, Others) And Regional Forecast, 2024-2032

Published On : December 30, 2020 | Report ID: FBI104561 | Status : Ongoing



Marine coatings are protective type of coatings mostly used in marine applications to protect ships, tankers, vessels, submarines, and other materials subjected to marine and saline environments. They have functional properties like superior durability, protection of surfaces, resistance to corrosion and abrasion. They also improve the aesthetic properties and visual appeal of the substrates.

Growing sea trade activities have been significantly boosting the shipbuilding and repair industries. Increasing demand for corrosion and abrasion-resistant marine coatings to protect the ships from getting damaged is expected to drive the market. Additionally, the need for improving the fuel efficiency of marine vessels and expansion of the oil & gas exploration activities in seabed is expected to boost the market growth.

However, there are certain stringent government norms related to the manufacturing of coatings that involves emission of VOCs. VOCs are harmful emissions that effect the human health and environment negatively. This is expected to hinder the market growth.

Key Market Driver -

Increasing demand from shipbuilding industry.

Key Market Restraint -

Stringent government norms.

Market Segmentation:

Based on product type, the global marine coatings market is segmented into anti-corrosion coatings, anti-fouling coatings and others. Based on application, is segmented into cargo ships, passenger ships, boats, submarines, service ships, offshore vessels, and other applications.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Marine Coatings Market Key Players Covered:

The global marine coatings market consists of global & regional players operating. Some of the key players in the market include Hempel A/S, AkzoNobel N.V., Nippon Kansai Paint Co., Axalta Coating Systems, Jotun A/S, KCC Corporation, Baril Coatings, MCU coatings, and others.

Key Insights

  • New Advancements in Production Technologies

  • Key Trends in the Marine Coatings Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market

Regional Marine Coatings Market Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for the largest share attributed to the increasing sea trade activities. Increasing oil & gas exploration activities in sea and oceans is expected to influence the market. North America is expected to show significant growth due to its large manufacturing base. Europe is expected to show considerable growth attributed to the increasing shipbuilding and repair industries. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of the forecast period.

To gain extensive insights into the market, Request for Customization




By Product Type

  • Anti-corrosion Coatings

  • Anti-Fouling Coatings

  • Other

By Application

  • Cargo Ships

  • Passenger Ships

  • Boats

  • Submarines

  • Service Ships

  • Offshore Vessels

  • Others

By Geography

  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Marine Coatings Industry Developments

  • In October 2018, Akzo Nobel launched a polyurethane coating through new coatings technology AwlGrip HDT. This coating is durable, abrasion resistant, repairable and lower in VOCs.

  • In September 2017, Axalta Coatings decided to display its Imron coatings for marine applications at the International Boatbuilding Expo and Conference. The coatings have exceptional properties like durability and aesthetic appeal.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

LG Chem

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.