The global marine coatings will reach 5.3 million tons in the next 4 years, with an average annual growth rate of 6%!

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

At present, the world has completed the transfer of shipbuilding and ship maintenance to East Asia, and the corresponding ship coating production base has also begun to transfer to East Asia. As a labor-intensive industry, the container manufacturing industry has transferred 90% of its production base to China, and subsequently, the container coating production base began to transfer to China. In general, the global marine coatings are currently in the stage of transferring production bases to East Asia, especially China.

Global marine coatings account for about 5% of coatings

Affected by the huge global manufacturing scale and the booming construction and automobile manufacturing industries, the global coatings market continues to expand, which stimulates coating manufacturers to expand production capacity, increase operating rates and increase production to meet growing market demand. Overall, the scale of global paint production increased from 2015 to 2019. In 2019, it was about 75.97 million tons, a year-on-year increase of 14.85%. Salt substances and fouling organisms in the marine environment have serious corrosive effects in marine engineering. The fouling organisms attached to the surface of the ship may cause the invasion of alien species in other areas and disrupt the ecological balance. Therefore, the use of marine coatings is of great significance to the development of the marine economy and the protection of the marine ecological environment. In recent years, governments of various countries have realized the importance of marine coatings and 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, the output of marine coatings in 2019 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 areas, as the global marine coatings industry shifts to East Asia, China's marine coatings production accounts for an increasing proportion of the global marine coatings. In 2019, China's marine coating production accounted for approximately 32% of the global marine coating production (1.21 million tons).

Various factors will affect more than 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. Among them, marine coatings account for about 60% of marine coatings. Therefore, the development of the shipbuilding, maintenance and care industries has a greater impact on the market demand for marine coatings, and thus affects the output of marine coatings.

Due to problems left over from history, marine coatings used in marine engineering and marine equipment now contain a large amount 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 cause 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 coatings, 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 based on the relationship between supply and demand. Therefore, environmental protection policies also have a certain impact on the output of marine coatings. Combined with changes in the scale of marine coatings production in recent years and changes in downstream market demand, network data shows that global marine coatings output will exceed 5.3 million tons by 2025 , The compound annual growth rate is 6%.