The India marine coatings market size was valued at USD 194.19 Million in 2025. The industry is expected to grow at a CAGR of 5.60% during the forecast period of 2026-2035 to reach a valuation of USD 334.86 Million by 2035.
The adoption of digital technologies, such as predictive maintenance and IoT sensors is transforming the India marine coatings market. These technologies allow companies to monitor coating conditions and predict maintenance needs, extending asset lifespan and reducing costs.
This digital transformation is particularly impactful in the shipbuilding sector for enhancing operational efficiency and minimizing downtime. In December 2024, India’s National e-Governance Division collaborated with the Indian Ports Association for accelerating the digital transformation in India’s maritime industry.
The growing shift towards biocide-free and silicone-based coatings can be attributed to the rising environmental concerns and regulatory pressures. These coatings offer lower VOC levels and are less harmful to marine ecosystems, aligning with global sustainability goals. Leading shipyards in India have also begun adopting robotic spray technologies to improve the precision and efficiency of coating applications. In November 2024, PPG launched its MoonWalk automated paint mixing system for ensuring precise colour matching as well as enhancing efficiency.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.6%
Value in USD Million
2026-2035
*this image is indicative*
| India Marine Coatings Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
194.19 |
|
Market Size 2035 |
USD Million |
334.86 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
5.60% |
|
CAGR 2026-2035- Market by Region |
South India |
6.2% |
|
CAGR 2026-2035 - Market by Region |
West India |
5.8% |
|
CAGR 2026-2035 - Market by Product Type |
Anti-fouling Coatings |
6.4% |
|
CAGR 2026-2035 - Market by Application |
Offshore Vessels |
6.8% |
| 2025 Market Share by Region | East India |
18.1% |
The rise in government initiatives for significantly boosting the domestic shipbuilding sector will likely foster the India marine coatings market development. In March 2023, the Indian government allocated INR 1,500 crore for mitigation measures with a focus on preventing river and coastal erosion. Additionally, stricter environmental regulations, such as the Central Pollution Control Board's limits on VOCs are driving the adoption of eco-friendly coatings in the country.
Innovations in coating technologies for enhancing performance and sustainability will increase the India marine coatings market value. In October 2024, Nippon Paint Marine depicted the adoption of biomimetics in the development of its patent HydroSmoothXT hull coating technology. Advanced solutions, such as self-polishing and low-friction coatings are also improving fuel efficiency, reducing emissions, and extending maintenance cycles for aligning with regulatory standards and operational demands of India’s evolving maritime industry.
The surging rate of maritime trade will play a key role in the growth of the India marine coatings market. According to industry reports, the total cargo handled by Indian ports increased from 783.62 million tonnes to 817.98 million tonnes during April-March 2022-23. This increase in trade activities is boosting the demand for marine coatings, as vessels operating in India's waters require constant maintenance to withstand harsh marine environments.
The significant growth of the shipbuilding industry, supported by government initiatives, such as 'Make in India' and increased defence shipbuilding is uplifting the India marine coatings market share. As per industry reports, India delivered around 2.8 million deadweight tonnage in shipbuilding output in 2023, up from 2.1 million DWT. This increase in ship production is driving demand for marine coatings, as newly built vessels require protective coatings to ensure durability and compliance with international standards.
Collaborations between coating manufacturers, research institutions, and shipbuilding companies for driving innovation and addressing specific challenges is bolstering the India marine coatings market revenue. In March 2025, Boeing company Liquid Robotics signed an MoU with Indian unmanned systems startup Sagar Defence Engineering Private Limited for co-developing and co-producing Autonomous Surface Vessels. These partnerships are enabling the development of customised solutions tailored to specific vessel types and applications, enhancing the competitiveness of the market.
The EMR’s report titled “India Marine Coatings Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Key Insight: The anti-fouling coatings segment is fostering the India marine coatings market expansion due to the rising need in reducing drag, fuel consumption, and greenhouse gas emissions. These coatings enhance efficiency and reduce dry-docking frequency. As fuel efficiency and regulatory compliance become key priorities for Indian fleet operators, the adoption of advanced, low-toxicity anti-fouling coatings is expected to grow significantly. In March 2024, PPG launched PPG NEXEON™ 810 coating, its new copper-free antifouling created with a strong focus on emissions reduction vessel performance, and sustainability.
Breakup by Application
Key Insight: The passenger ship segment in the India marine coatings market is expanding, driven by growing coastal tourism, cruise services, and government-backed ferry projects. As per industry reports, Goa welcomed nearly 1.4 crore domestic and international visitors in 2024. Passenger ships require marine coatings that ensure both performance and aesthetics for resisting corrosion, fouling, and weathering while maintaining visual appeal. With increased movement in coastal states, operators are demanding coatings that ensure fuel efficiency and longer service life.
Breakup by Region
Key Insight: The West India marine coatings market is expected to thrive due to the presence of major ports, such as Mumbai and Kandla, which handle a substantial volume of maritime trade. According to industry reports, Mumbai Port handled an all-time high 68.63 million tons of cargo throughput during the year 2024-25. West India’s industrial base, encompassing sectors such as petrochemicals, automotive, and manufacturing, generates a steady demand for protective coatings. The government's focus on port-led development and infrastructure modernisation has further stimulated the need for durable marine coatings to protect vessels and port facilities from corrosion and wear.
|
CAGR 2026-2035 - Market by |
Region |
| South India |
6.2% |
| West India |
5.8% |
| East India |
XX% |
| North India |
XX% |
Innovations to boost Anti-Corrosion Coatings Demand in India
Anti-corrosion coatings are vital in the Indian marine sector due to the country’s extensive coastline, increasing shipbuilding activity, and harsh marine conditions. These coatings protect metal surfaces from oxidation and structural degradation, thereby extending the life of vessels and reducing maintenance costs. Several companies, such as AkzoNobel India and Jotun offer epoxy-based and polyurethane anti-corrosion systems tailored for ships, offshore platforms, and service vessels. In August 2024, Jotun developed its new CX-rated anticorrosive powder coating to protect steel deployed in the most extreme environments from corrosion. As maritime trade and naval expansion grow, demand for high-performance corrosion protection is rising, especially in defence and offshore applications.
Submarines and Boats to Witness Higher Marine Coatings Adoption with Investments
India’s recreational boating and small-scale commercial boat sector is witnessing growth due to rising disposable incomes, the surge in water sports, and coastal livelihood programs. In March 2025, the Indian Government launched an initiative for building climate-resilient coastal fishermen villages for safeguarding livelihoods. Boats, often used in fishing, tourism, and personal recreation, require marine coatings that are cost-effective, durable, and easy to apply. Several companies are also offering coatings tailored for wooden and fiberglass boats for focusing on anti-corrosion and anti-fouling performance in variable salinity and temperature conditions.
With strategic maritime defence ambitions, submarines have evolved as a crucial application area in the India marine coatings market. The increased investments in indigenous submarine construction are driving the need for specialised coatings. In October 2024, the Indian Government approved constructing two nuclear-powered attack submarines for the Indian Navy. Submarines operate in extreme underwater conditions and require coatings with superior anti-corrosion, anti-fouling, and stealth properties. Companies, such as Hempel and Jotun supply advanced formulations that meet defence-grade performance standards.
Shipbuilding Activities to Drive South India Marine Coatings Market
The marine coatings demand in South India is experiencing significant growth, driven by the region's robust shipbuilding industry, strategic port locations, and government initiatives. Cities, such as Chennai, Cochin, and Visakhapatnam serve as major hubs for shipbuilding and maritime trade, contributing to the demand for protective coatings. In October 2024, one of ships of the two Multi Purpose Vessel project built by Larsen & Toubro Shipyard was launched in Kattupalli, Chennai. Additionally, the surging investments to modernise ports and develop coastal infrastructure are boosting the market growth.
North India marine coatings market is characterised by its diverse industrial landscape, with significant activities in agriculture, automotive manufacturing, and infrastructure development. The region's growing industrial base has led to an increased demand for protective coatings to safeguard equipment and structures. While the marine coatings market in North India is not as prominent as in other regions, the expanding industrial activities contribute to its steady growth.
Key players in the India marine coatings market are adopting multifaceted strategies to strengthen their market position and cater to evolving industry demands. With focus on product innovation, companies are introducing advanced solutions such as low-friction, self-polishing, and biocide-free coatings to meet the global environmental regulations and reduce vessel emissions. Strategic collaborations and joint ventures are also gaining traction, enabling knowledge exchange and customized product development for specific vessel types and operating conditions. Sustainability and compliance will remain central strategies, with firms aligning their offerings to IMO regulations and India's decarbonisation goals. Manufacturers are investing in eco-friendly technologies and water-based formulations with low VOC emissions, further appealing to environmentally conscious clients. The adoption of digital technologies, such as predictive maintenance tools and smart sensors for coating performance monitoring is enhancing operational efficiency and customer service. Additionally, expansion of manufacturing capabilities and localized production is helping to reduce costs and improve supply chain responsiveness.
Founded in 1928, AkzoNobel India Ltd. is headquartered in Mumbai and offers several products, including decorative paints under the Dulux brand and performance coatings for marine, automotive, and aerospace. AkzoNobel India operates several manufacturing facilities in the country and is committed to sustainability and innovation in its product offerings
Established in 1915 and headquartered in Lyngby, Denmark, Hempel A/S is a global coatings manufacturer. The company offers a comprehensive range of products, including marine coatings, protective coatings, decorative paints, and coatings for the container and yacht industries. The Henkel is known for its commitment towards sustainability as well as innovation within the coatings industry.
Founded in 1926 and headquartered in Sandefjord, Norway, Jotun is a leading global manufacturer of decorative paints and performance coatings. The company offers a wide range of products, including marine coatings, protective coatings, and powder coatings. Jotun is also known for its strong focus on research and development and provides high-quality and sustainable solutions to its customers.
Nippon Paint (India) Private Limited, a subsidiary of Japan-based Nippon Paint Holdings Co., Ltd., was established in 2006, and is headquartered in Chennai. The company specializes in manufacturing and selling a wide range of paints and coatings, including decorative paints, industrial coatings, automotive refinishes, and construction chemicals.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other leading players in the India marine coatings market are GoaPaints, Permagard India, PPG Asian Paints Pvt. Ltd, Sherwin-Williams, Mathur Corr Tech Private Limited, Excel India Protective Paints Pvt. Ltd., and others.
Discover the latest India marine coatings market trends 2026 with our expert-backed research report. Stay ahead of the curve with data-rich insights, regional forecasts, and competitive analysis tailored for strategic growth. Whether you're an investor, manufacturer, or consultant, download your free sample today and gain a clear understanding of the marine coatings industry in India. Start making informed decisions for your business now!
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 194.19 Million.
The market is projected to grow at a CAGR of 5.60% between 2026 and 2035.
The key players in the market report include AkzoNobel India Ltd., GoaPaints, Hempel A/S, Jotun, Nippon Paint (India) Pvt. Ltd., Permagard India, PPG Asian Paints Pvt. Ltd, Sherwin-Williams, Mathur Corr Tech Private Limited, Excel India Protective Paints Pvt. Ltd., and others.
The anti-fouling coatings segment will lead the market expansion due to the rising need in reducing drag, fuel consumption, and greenhouse gas emissions.
The key strategies boosting the market include the rise of shipbuilding, surging government investments and technological integration.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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