Press release
Marine Coatings Market to Reach USD 5.9 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report's scope includes global market sizing and forecasting from 2025-2032, detailed segmentation by resin, product type, application, and region, and strategic insights for investors and OEMs. This extensive segmentation supports nuanced analysis of demand drivers and opportunities across customer and regional categories.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1172/marine-coatings-market.html#form
MARKET STATISTICS
• Market size (2024): USD 3.8 billion
• Forecast value (2032): USD 5.9 billion
• CAGR (2025-2032): 5.8%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
MARKET SEGMENTATION
By Resin Type
• Epoxy
• Alkyd
• Polyurethane
• Others
By Product Type
• Anti-Corrosion Marine Coatings
• Antifouling Coatings
• Primer Coatings
• Varnish Coatings
• Chemical Resistant Coatings
• Anti-Slip Coatings
• Others
By Application Type
• Cargo Ships
• Passenger Ships
• Boats
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
In resin type segmentation, epoxy resin held the largest market share in 2024 and is expected to remain dominant through 2032 due to its strong water resistance, chemical resistance, and adhesion on diversified substrates, which directly enhances asset durability in marine environments. This dominance indicates continued preference among OEMs and repair service providers for epoxy-based solutions, reinforcing supply-chain investments in epoxy resin technologies.
Within product-type segmentation, antifouling coatings are poised to dominate through the forecast period as they crucially prevent marine biofouling, thus improving vessel performance and lowering drag-related fuel costs. This cause-effect relationship highlights why carriers and shipyards prioritize antifouling solutions to meet efficiency goals under tightening regulatory and fuel-cost pressures.
For application type, passenger ships are expected to be the fastest-growing segment during the forecast period, driven by the expansion of coastal tourism and cruise fleet investments globally. This trend reflects structural growth in passenger mobility and new fleet deliveries, creating strategic targets for coating manufacturers and service partners.
In regional insights, Asia-Pacific is the largest market through 2032 due to its substantial shipbuilding base, increasing new vessel projects, and presence of numerous marine coatings manufacturers. Strong end-use industry growth and infrastructure expansion in major countries structurally support sustained coating demand.
MARKET DRIVERS
• Corrosion Protection and Maintenance Reduction - drives broad demand as coatings extend service life and reduce repair costs.
• Environmental Compliance and Sustainability - stringent regulations push adoption of eco-friendly, low-toxicity coatings.
• Advancement in Coating Technologies - innovation in high-performance coatings expands application scope.
• Growth in Global Shipbuilding - increases base demand for new coatings on new builds.
• Expansion of Offshore Structures - offshore platforms and vessels require durable protective coatings.
Top Companies in the Market
• AkzoNobel
• Chugoku Marine Paints
• Hempel
• Jotun
• Nippon Paint
• PPG Industries
• Sherwin-Williams
FAQs
1.What is the current size of the marine coatings market ?
The marine coatings market was valued at approximately USD 3.8 billion in 2024, reflecting substantial coating demand across shipbuilding and maintenance sectors.
2.How fast is the marine coatings market expected to grow ?
The market is forecast to grow at a CAGR of 5.8% from 2025 to 2032, driven by corrosion protection needs and environmental compliance trends.
3.Which segment holds the largest share by product type ?
Antifouling coatings are expected to be the dominant product type due to their effectiveness in reducing biofouling, enhancing vessel performance, and lowering fuel costs.
4.What regional trend is shaping the marine coatings market ?
Asia-Pacific leads global demand structurally because of its large shipbuilding industry, new build projects, and concentration of coating manufacturers.
5.Who are key companies in the marine coatings market ?
Major market participants include AkzoNobel, Chugoku Marine Paints, Hempel, Jotun, Nippon Paint, PPG Industries, and Sherwin-Williams.
Related Links:
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https://webyourself.eu/blogs/1430196/Resin-Roadblocks-Key-Challenges-Facing-the-Ion-Exchange-Resin-Market
Head Mounted Display Market:
https://www.dr-ay.com/blogs/302426/Rising-Demand-for-AR-VR-Devices-Fuels-the-Head-Mounted
Rock Climbing Equipment Market:
https://joyrulez.com/blogs/189880/3-Rock-Climbing-Equipment-Market-Global-Outlook-Key-Developments-and
ROV Market:
https://livepositively.com/remotely-operated-vehicle-rov-market/
Long Fiber Thermoplastics Market:
https://tiktiktalk.com/blogs/24580/Technological-Advancements-in-the-Long-Fiber-Thermoplastics-Market
Conveyor Belt Market:
https://community.wongcw.com/blogs/1101795/Conveyor-Belt-Market-Driving-Efficiency-in-Industrial-Operations
Heat Exchangers Market:
https://twikkers.nl/blogs/442319/From-Plate-To-Air-Cooled-Segmentation-And-Regional-Dynamics-To
Medical Composites Market:
https://heyhey.icu/blogs/491899/Global-Medical-Composites-Market-Set-for-Growth
Prepreg Market:
https://thebizbar.com/blogs/102167/Next-Gen-Prepreg-Solutions-Set-to-Expand-Market
Surgical Tables Market:
https://vintfint.com/blogs/91332/Rising-Surgical-Volumes-and-Technological-Advancements-Boost-the-Surgical-Tables
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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