The status and development prospects of the global marine coating industry

Since the 1940s, modern marine protective coatings began to develop. With the birth of zinc-rich paints, antifouling coatings and other products, marine coatings began to be widely used in military and other fields.

At present, the world has completed the process of transferring shipbuilding and ship maintenance to East Asia, and the corresponding ship coating production base has begun to transfer to East Asia; as a labor-intensive industry, the container manufacturing industry has transferred 90% of its production bases to China, followed by The container coating production base began to shift to China. In general, the global marine coatings are currently in the stage of shifting production bases to East Asia, especially China:

Global marine coatings account for about 5% of coatings

Affected by the huge global manufacturing volume and the booming construction industry and automobile manufacturing industry, the global coatings market continues to expand, which stimulates coating manufacturers to expand production capacity, increase operating rates, and increase output to meet growing market demand . On the whole, the scale of global paint production increased during 2015-2019, and in 2019 was about 75.97 million tons, a year-on-year increase of 14.85%.

Salt substances and fouling organisms in the marine environment have a serious corrosive effect on marine engineering. The fouling organisms attached to the surface of ships may cause invasion of alien species in another area and disrupt the ecological balance. Therefore, the use of marine coatings is of great significance to the development of marine economy and the protection of marine ecological environment. In recent years, governments of various countries have realized the importance of marine coatings and have actively promoted the development of the marine coatings industry. However, overall, the output of marine coatings accounts for about 5% of coatings. Combined with the overall production scale of global coatings, in 2019 The output of marine paint is approximately 3.8 million tons.

China's marine coatings production accounts for about one-third of global production

From the perspective of production distribution area, with the progress of the global marine coatings industry's transfer to East Asia, the proportion of China's marine coatings output in the global marine coatings is increasing. In 2019, China's marine coatings production accounted for about 32% of the global marine coatings production, which was 1.21 million tons.

Multiple factors affect the scale of global marine coating production, which will exceed 5.3 million tons in 2025

According to different application fields, marine coatings are mainly divided into marine coatings, container coatings, marine facilities and concrete marine coatings, etc. Among them, marine coatings account for about 60% of marine coatings, so shipbuilding, maintenance and care industries The development of this product has a greater impact on the market demand for marine coatings, which in turn affects the output of marine coatings.

Due to problems left over from history, marine coatings used in marine engineering and marine equipment now contain large amounts of anti-pollution poisons, heavy metal compounds and other toxic substances. These toxic and harmful marine paint harmful substances will cause serious pollution to the marine environment and bring great harm to the health of construction workers. Therefore, governments of various countries have introduced policies to restrict the production and use of traditional marine paints, and encourage manufacturers to produce environmentally friendly products. Products and downstream industries use green marine coatings to jointly promote the upgrading of marine coatings product structure in terms of supply and demand. Therefore, environmental protection policies also have a certain impact on the output of marine coatings.

Combining the changes in the production scale of marine coatings and the changes in downstream market demand in recent years, Qianzhan Industry Research Institute believes that global marine coatings production will exceed 5.3 million tons by 2025, with an average annual compound growth rate of 6%.