South Korea Marine Coatings Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Epoxy, Acrylic, Alkyd, Polyurethane, and Others), By Technology (Water Borne Coatings, Solvent Borne Coatings, and Others), and South Korea Marine Coatings Market Insights, Industry Trend, Forecasts to 2035

South Korea Marine Coatings Market Size Insights Forecasts to 2035

• The South Korea Marine Coatings Market Size was estimated at USD 120.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.22% from 2025 to 2035
• The South Korea Marine Coatings Market Size is Expected to Reach USD 210.0 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea Marine Coatings Market Size is anticipated to reach USD 210.0 million by 2035, growing at a CAGR of 5.22% from 2025 to 2035. The market is largely driven by the nation's well-known shipbuilding sector, the adoption of environmental regulations that favor eco-friendly coatings, the development of port infrastructure, offshore energy exploration activities, a greater focus on fuel-efficient hull coatings, government support, a growing fishing industry, and the popularity of recreational boating.

Market Overview

The South Korea marine coatings market refers to the industry centered on the manufacture, distribution, and application of specialty protective paints and coatings for use on ships, boats, offshore platforms, and other marine structures is known as the South Korean marine coatings market. By providing corrosion resistance, anti-fouling qualities, and increased durability, these coatings are made to survive the challenging marine environment. Additionally, there is a good chance for market expansion because the nation's shipbuilders produce a large number of vessels, from offshore platforms to commercial ships, that need sophisticated marine coatings for better hydrodynamics and defense against the corrosive effects of seawater. In addition, strict environmental laws and rising environmental consciousness have prompted the creation and uptake of low-VOC and environmentally friendly marine coatings, which has fueled market expansion. Moreover, the government is taking a number of steps, enacting different laws, and starting funding and support programs to help shipbuilders meet their demands in an effort to increase the amount of money generated by the marine vessel construction industry.

Report Coverage

This research report categorizes the market for the South Korea marine coatings market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea marine coatings market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea marine coatings market.

Driving Factors

The demand for specialized marine coatings for rigs, platforms, and support vessels has increased due to South Korea's increased offshore energy exploration activities, especially in the offshore oil and gas sector. This has supported the market's growth. Additionally, the reginal movement to lower greenhouse gas (GHS) emissions has sparked the creation of hull coatings that improve vessels' hydrodynamic efficiency, which lowers carbon footprints and saves fuel while also stimulating market growth. In addition, local coating manufacturers' research and development (R&D) efforts often in conjunction with foreign partners have produced high-performance and innovative marine coatings, which have driven market expansion nationwide.

Restraining Factors

Competition is heightened by the presence of both domestic and foreign players, which puts pressure on businesses to constantly innovate while preserving cost effectiveness.

Market Segmentation

The South Korea marine coatings market share is classified into resin type and technology.

• The epoxy segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea marine coatings market is segmented by resin type into epoxy, acrylic, alkyd, polyurethane, and others. Among these, the epoxy segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Control the South Korean marine coatings market since their superior anti-corrosion qualities, robustness, and high adherence, which make them ideal for both new shipbuilding and maintenance applications. They are especially favored for use in underwater spaces, hulls, and ballast tanks where strong, long-term defense against hostile marine conditions is crucial.

• The solvent-borne coatings segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea marine coatings market is segmented by technology into water borne coatings, solvent borne coatings, and others. Among these, the solvent-borne coatings segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Solvent-borne coatings have strong performance qualities, which include superior adhesion, durability, and resistance to harsh marine conditions, are what give them their dominance and make them popular in both new shipbuilding and maintenance.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea marine coatings market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• KCC Corporation
• Chugoku-Samhwa Paints, Ltd.
• International Paint (Korea) Ltd.
• International Paint (Korea) Ltd.
• Hempel (Korea) Co., Ltd.
• PPG SSC Co., Ltd.
• others

Recent Developments:

• In May 2022, KSS Line had applied Nippon Paint Marine's FASTAR coating to the hulls of a pair of LPG (liquefied petroleum gas) carriers, becoming the first South Korean shipowner to have applied the novel nano-type antifouling paint to existing tonnage

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at, regional, South Korea and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Marine Coatings Market based on the below-mentioned segments:

South Korea Marine Coatings Market, By Resin Type

• Epoxy
• Acrylic
• Alkyd
• Polyurethane
• Others

South Korea Marine Coatings Market, By Technology

• Water Borne Coatings
• Solvent Borne Coatings
• Others