Marine Coatings
The marine coatings market continues to improve and look toward the Asia Pacific region
for growth.
by Kerry Pianoforte , Associate Editor
The market for marine coatings has continued to show signs of improvement. Expectations are that growth will continue in 2012 and beyond, as Asia Pacific continues to
lead the way in new shipbuilding and dry-docking.
The global marine coatings market started recovering from
the economic downturn during 2010 and the global marine mar-
ket performed as predicted in 2011. “Growth was in the five per-
cent range globally,” said Steve Dickey, global director, marine
marketing, The Sherwin-Williams Company. “The expectation
for 2012 is continued growth overall at the same level. Growth in
Asia will be about where it has been for the last two years.
Growth in the rest of the world will be flat at two percent or less.”
With the world economic slowdown, the number of newbuild
chemical tankers coming onto the market saw a sharp decrease
in 2011, according to Donald Keehan, chairman of Advanced
Polymer Coatings (APC). “However, APC’s MarineLine cargo
tank coating/lining system was already specified on a number of
vessels, so we were able to maintain our momentum,” he said.
32 | Coatings World
www.coatingsworld.com
May 2012
