marine paints market - Forecasts from 2025 to 2030

The global marine paints market is expected to grow at a CAGR of 5.15%, reaching a market size of US$3.99 billion in 2030 from US$3.11 billion in 2025.

Marine paints are the kind of paint for ships, boats, ferries, other watercraft, and buildings that are exposed regularly to water. These paints hold apart moisture, brackish water, and saltwater. They are painted on offshore oil rigs for preservation against iron corrosion and rusting. The demand for marine paints is high in general application, particularly as an easy-to-use product by ship operations in the shipping industry. It surrounds marine vessels from corrosive elements with the use of paints.

Moreover, a very important advantage of marine paints in the shipping industry is that they smoothen the ship hull, displacing frictional resistance from the seas and thus decreasing fuel consumption for the vessel's operation. The primary advantage of marine paints on offshore structures is superior colour and gloss retention so that the structure looks best under all conditions. At the same time, marine paints also avoid and protect the structure from weather damage, such as chalking and yellowing.

Global Marine Paints Market Drivers

Enhanced application of anti-corrosion coatings is contributing to the global marine paints market growth

Anti-corrosion marine coatings are rapidly emerging as valuable solutions for vessels by shielding their metal parts from moisture, salt spray, and oxidation. The anti-corrosion segment accounts for nearly 40% of all sales for marine coatings. Moreover, with an impressive increase in demand, industry players are progressing with more innovative offers to effectively meet growing needs and attract a wider range of customers. For instance, Nippon Paint Marine offers new antifouling technology to enhance the level and consistency of antifouling performance. It also claims that the process thickens the film and reduces application time.

Global Marine Paints Market geographical outlook:

Asia-Pacific is witnessing exponential growth during the forecast period.

The APAC marine coatings market will continue to rule globally, with rapid growth predicted over the next several years. China leads the APAC region and the world regarding marine coating consumption. The regional expansion of shipbuilding, maintenance, and dry-docking activities is mostly influencing this.

The Chinese market is followed by South Korea's marine coatings market. The marine coatings market in Japan ranks third in terms of market share. The growing number of ship owners in Singapore is expected to fuel the marine coatings market in the APAC region. The Indian market will also likely grow into a strong rival in the marine coatings sector over the forecast period.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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• Revenue Growth and Forecast Assessment of segments and regions including countries
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The Global marine paints market is segmented and analyzed as follows:

By Resin

• Epoxy
• Alkyd
• Polyurethane

By Product Type

• Anticorrosion coatings
• Antifouling coatings

By Application

• Cargo ships
• Passenger ships
• Boats

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific