3 prominent types of products positively impacting the marine coatings market expansion
The industrial landscape of marine coatings is expected to witness an upward trajectory, in terms of growth and revenue, impelled by the fast-growing shipping activities coupled with the escalating concerns over bacterial and opposing corrosion in these environments.
The significantly rising effects of marine decomposition on the durability of sea vessels has made way for multiple effective corrosion control strategies. One such special functionality that protects the marine vessels among other carriers above as well as below the waterline, happens to be marine coatings.
There is also a surging need to safeguard marine vessels with protective layers against moisture, rain, freshwater, saltwater, and brackish water. The use of marine coatings has hence increasingly evolved, over the years, to shield the marine vessel from corrosive environments by sealing their surface.
Other than limiting the amount of friction to assist the vessels in gliding effortlessly through the water while reducing fuel use and imparting color and identity to the watercraft, the coatings make the ship’s hull smooth and mitigate the need for more power.
That apart, coatings employed in marine applications not only provide essential corrosion protection performance but also exhibit antifouling and super-hydrophobic characteristics to avoid the attachment of several creatures from the sea.
Mentioned below are some latest trends that may play a crucial role in shaping the revenue scale of the marine coatings market in the rising time.
Innovations in anti-fouling coatings
Considering their importance in mitigating the commercial costs of vessels, and the total operating expense of maritime industries, antifouling technology has emerged as the most popular of marine coatings. Apart from offering lifetime benefits, such as extended intervals of dry dock and lower harmful emissions, these coatings inhibit the fouling growth by generating ingredients that prevent organisms from settling. They are mainly applied to the exteriors of ships or boats for limiting the organism’s growth as they can greatly affect its sturdiness and performance.
Innovations in these coatings to meet the rising marine application requirements have also paved the path for increased product penetration. For instance, in January 2021, Nippon Paint Marine Coatings Co., Ltd. introduced FASTAR, its new self-polishing antifouling coating comprising a hydrophilic and hydrophobic nanodomain structure by deploying unique nanotechnology.
Mounting demand for corrosion-resistant materials
Driven by higher application in new shipbuilding activities, anti-corrosion coatings are increasingly preferred as they protect surfaces from abrasion, corrosion, and impact. They offer an add-on advantage of non-stick performance, chemical protection, and abrasion resistance.
However, what makes them unique is their ability to render a high level of protection against corrosion for the parts functioning in exceptionally harsh environments. Also, designing ships with superior anti-corrosion protection has positive outcomes on the design, structure, and construction process.
Booming demand for foul-release coatings
Foul-release coatings are environmentally compatible, biocide-free and are increasingly used to offer good resistance to the mechanical damages occurring in boats or ships. Silicone-based fouling-release coatings are also gaining immense ground in marine antifouling applications. Moreover, the growing need to keep the hull safe by offering a slippery surface for microorganisms and limited fouling to lessen their grip will add a strong impetus to the adoption of these coatings.
Ongoing research activities and innovations for improving the corrosion resistance as well as antifouling performance for organic coatings in marine environments have led to the influx of novel techniques for coating characterization, evaluation, and prediction.
The growing emphasis on various growth-focused marketing collaborations also favors the expansion of the market. To cite an instance, in December 2020, AkzoNobel N.V. acquired New Nautical Coatings to expand its presence in the yacht coatings market in North America.