Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Marine Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Marine Coatings Market Growth?
The market size of the Marine Coatings industry has been experiencing steady growth. The value of the market rose from $5.24 billion in 2024 to $5.49 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.7%.
What Is the Predicted Industry Size and CAGR of the Marine Coatings Market in 2029?
The marine coatings market is predicted to increase to $7.02 billion by 2029, growing at a compound annual growth rate of 6.4%.
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Which Factors Are Driving Growth in the Marine Coatings Market?
The key Drivers in the marine coatings market are:
• Growth of sea trade activities
• Increase in the need to prevent ship corrosion
• Demand for more efficient ship performance
• Enhancing moisture resistance through marine coatings
Which Segment Trends Are Covered in the Marine Coatings Market Forecast?
The marine coatingsmarket covered in this report is segmented –
1) By Product: Anti-Fouling Coatings, Anti-Corrosion Coatings, Foul Release Coatings, Other Products
2) By Resin: Epoxy, Polyurethane, Acrylic, Alkyd, Other Resins
3) By Technology: Water-Borne, Solvent-Borne, Other Technologies
4) By Application: Coastal, Containers, Deep Sea, Leisure Boats, Offshore Vessels, Other Applications
5) By End-Use: New Ships, Repair Work
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What Are the Current Market Trends in the Marine Coatings Industry?
The key trends in the marine coatings market are:
• Product innovations are becoming a significant trend in the marine coatings market.
• Major market participants are focusing on new product development as a competitive strategy.
• Marine coatings that are environmentally friendly and energy-efficient are gaining traction.
• The use of advanced technologies in marine coatings, such as Hydroreset technology, is on the rise.
Who are the Key Companies in the Marine Coatings Market?
The key players in the marine coatings market are:
• PPG Industries Limited
• Akzo Nobel N.V.
• The Sherwin-Williams Company
• Hempel A/S
• Jotun
• Nippon Paint Marine Coatings Co. Ltd.
• Axalta Coating Systems
• RPM International Inc.
• Boero YachtCoatings
• Kansai Paint Co.Ltd.
• KCC Corporation
• Chugoku Marine Paints Ltd.
• Pettit Paints
• General Coatings Manufacturing Corp.
• Wacker Chemie AG
• International Paint Ltd.
• Carboline Company
• International Marine Coatings
• Ameron Protective Coatings
• Devoe Marine Coatings
• Rust-Oleum Marine Coatings
• Sigma Coatings
• BASF SE
• Hexion Inc
• ChromaScape
• Baril Coatings
• MCU Coatings
• Tikkurila Oyj
What are the Regional Trends Across the Marine Coatings Market?
Asia-Pacific was the largest region in the marine coatings market in 2024
