- Marine and protective coatings resins are critical components in formulating coatings that provide corrosion resistance, durability, and aesthetic appeal for surfaces exposed to harsh environmental conditions, such as marine vessels, offshore platforms, and industrial infrastructure
- The growing demand for these coatings is fueled by rising global trade, expansion of the shipping industry, and increasing investments in oil and gas exploration, alongside the need for sustainable and high-performance coating solutions
- North America dominated the marine and protective coatings resins market with the largest revenue share of 38.5% in 2024, driven by a robust marine industry, advanced manufacturing capabilities, and significant investments in infrastructure and oil & gas sectors. The U.S. leads the region due to innovations in eco-friendly coatings and a strong presence of key industry players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid industrialization, urbanization, and increasing maritime activities in countries such as China, Japan, and South Korea
- The epoxy segment is expected to hold the largest market revenue share of 35.6% in 2024, primarily driven by its superior adhesion, chemical resistance, and durability, making it ideal for harsh marine and industrial environments
