Japan Marine Coatings Market Trends

Statistics for the 2023 & 2024 Japan Marine Coatings market trends, created by Mordor Intelligence™ Industry Reports. Japan Marine Coatings trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Japan Marine Coatings Industry

This section covers the major market trends shaping the Japan Marine Coatings Market according to our research experts:

Anti-Fouling Coatings are Expected to Dominate the Market

  • Anti-fouling coatings are mainly used for hull and tank applications of which marine hull coatings hold a share of more than 75% in the marine antifouling coatings market.
  • Anti-fouling hull coating applications dominate the market studied, due to the increasing production of offshore ships, including passenger and cargo, along with offshore drilling activities.
  • These coatings are primarily applied to the under-water parts of a ship or yacht, to reduce the growth of the organisms and microbes in the parts attached to the hull. The coatings provide enhancement and durability, along with providing benefits, such as self-cleaning and graffiti resistance.
  • Their self-polishing resins and biocides, such as cuprous oxide, along with booster biocides, help prevent bio-fouling organisms. Overall Anti-fouling coatings are expected to dominate the marine coatings market owing to the high volume requirement of foul resistance coatings for seafaring vessels.
Japan Marine Market Volume Share

Slow Down is Expected in Marine OEM Coatings

The Shipbuilding industry has seen a decline in 2019 with negative growth in the number of orders received. According to the shipbuilding Association of Japan, the number of new orders has decreased to 296 in 2019 from about 344 in the previous year. This is expected to negatively affect the demand for the marine OEM coatings market in the country. The marine coatings market is further affected by the marine production stops due to lockdown owing to COVID-19. However, the Japanese government is pushing a new form of financing to get more ship orders on home soil. The shipbuilding industry is also expected to see some big mergers to stay competitive. Overall the demand for marine OEM coatings is expected to slow down in the next few years.

Japan Marine Coatings Market Volume Share

Japan Marine Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)