Marine Coatings Market Report 2026

The marine coatings market size has grown strongly in recent years. It will grow from $5.49 billion in 2025 to $5.83 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth of global shipping activities, expansion of shipbuilding and repair operations, increasing offshore oil and gas exploration, rising maintenance of aging marine fleets, availability of advanced coating technologies.

The marine coatings market size is expected to see strong growth in the next few years. It will grow to $7.49 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing investments in sustainable shipping, rising demand for next-generation foul release coatings, expansion of offshore renewable energy installations, growing focus on lifecycle cost reduction, increasing regulatory pressure on marine emissions. Major trends in the forecast period include increasing adoption of eco-friendly anti-fouling coatings, rising use of high-durability anti-corrosion systems, growing demand for low-voc marine coatings, expansion of offshore vessel protection solutions, enhanced focus on fuel-efficiency coatings.

The growing sea trade activities are expected to drive the growth of the marine coatings market going forward. Sea trade refers to the transportation of goods between countries via maritime routes. Marine coatings help prevent corrosion on ships while submerged in water, protect against moisture, and reduce hydrodynamic drag, thereby improving vessel efficiency. Consequently, the expansion of sea trade increases the demand for marine coatings. For instance, in March 2025, the United States Naval Institute, a US-based non-profit organization, reported that maritime trade volume is projected to rise by 2% in 2024, while container trade is expected to grow by 2.7%. Therefore, the growing sea trade activities are fueling the marine coatings market.

Key companies in the marine coatings market are focusing on developing innovative products to maintain their market position. For example, in March 2023, PPG Industries Inc., a US-based manufacturer of paints, coatings, and specialty materials, launched the PPG SIGMAGLIDE 2390 marine coating. This coating reduces energy consumption, lowers carbon emissions, and surpasses performance standards without harming the marine environment. The biocide-free fouling release coating uses PPG HYDRORESET technology, which transforms the coating when submerged to create an ultra-smooth, nearly frictionless surface that resists marine organism attachment.

In February 2024, Henkel, a Germany-based global leader in adhesives, sealants, and functional coatings, acquired Seal for Life Industries LLC for an undisclosed amount. Through this acquisition, Henkel aims to strengthen its protective coatings and sealing portfolio, expand its presence in infrastructure and industrial maintenance markets, accelerate growth in high-performance materials, and enhance corrosion protection and asset durability solutions across critical industries. Seal for Life Industries LLC is a US-based provider of protective coating and sealing solutions for pipelines, infrastructure, and industrial applications.

Major companies operating in the marine coatings market are AkzoNobel, PPG Industries, Jotun, Hempel, Nippon Paint Marine, Kansai Paint, Sherwin-Williams, Chugoku Marine Paints, KCC Corporation, Axalta Coating Systems, Teknos Group, Tnemec Company, Berger Paints, Asian Paints, Jotun Powder Coatings, Sigma Coatings, International Paint, CMP Coatings, KCC Marine Coatings, Noroo Paint.

Asia-Pacific was the largest region in the marine coatings market in 2025. The regions covered in the marine coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The marine coating market consists of sales of paints, primers, base coats, and top coats. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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