| Product Code: ETC8845057 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines saw significant import shipments of marine anti-corrosion coatings, with top exporters being Singapore, South Korea, Malaysia, USA, and Taiwan. Despite a high concentration among suppliers, the market experienced a steep decline with a CAGR of -23.1% from 2020-24. The negative growth rate of -13.96% from 2023-24 reflects ongoing challenges in the industry. Monitoring market dynamics and exploring new strategies may be crucial for stakeholders to navigate the changing landscape of marine anti-corrosion coatings in the Philippines.

The marine anti-corrosion coating market in the Philippines is fueled by the need to protect vessels, docks, and offshore structures from rust and degradation caused by seawater exposure. Advanced coatings with long-lasting protection and eco-friendly formulations are gaining traction in the industry, especially with growing regulatory focus on environmental sustainability.
The harsh marine environment and prolonged exposure to saltwater have increased the demand for anti-corrosion coatings in the Philippines. The shipping, fishing, and oil and gas industries require durable coatings to prevent structural damage and extend vessel lifespan. Additionally, the push for eco-friendly and solvent-free coatings has influenced product development in this sector.
The marine anti-corrosion coating market in the Philippines struggles with high production costs and the need for advanced formulation technologies. Compliance with environmental regulations on hazardous chemicals increases manufacturing complexities. Furthermore, limited awareness among small-scale boat operators about the benefits of anti-corrosion coatings restricts market growth.
With maritime infrastructure expansion, the demand for anti-corrosion coatings is rising. Investment in long-lasting, environmentally safe coating technologies can attract shipbuilders and offshore energy companies. Government projects focused on coastal infrastructure protection also present lucrative opportunities.
The DTI and the BOI support research and development in anti-corrosion technologies, providing funding for local manufacturers. The DENR ensures that anti-corrosion coatings comply with eco-friendly guidelines, restricting the use of hazardous materials in marine applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Marine Anti Corrosion Coating Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Marine Anti Corrosion Coating Market - Industry Life Cycle |
3.4 Philippines Marine Anti Corrosion Coating Market - Porter's Five Forces |
3.5 Philippines Marine Anti Corrosion Coating Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Marine Anti Corrosion Coating Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Marine Anti Corrosion Coating Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Marine Anti Corrosion Coating Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Philippines Marine Anti Corrosion Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the shipbuilding industry in the Philippines |
4.2.2 Increasing focus on maritime safety and environmental regulations |
4.2.3 Rise in offshore oil and gas exploration activities in the region |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices for anti-corrosion coatings |
4.3.2 Intense competition from alternative corrosion protection methods |
4.3.3 Economic uncertainties impacting investment in marine infrastructure projects |
5 Philippines Marine Anti Corrosion Coating Market Trends |
6 Philippines Marine Anti Corrosion Coating Market, By Types |
6.1 Philippines Marine Anti Corrosion Coating Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Epoxy, 2021- 2031F |
6.1.4 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Polyurethane, 2021- 2031F |
6.1.5 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Phenolic, 2021- 2031F |
6.1.6 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Phosphate, 2021- 2031F |
6.1.7 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Polytetrafluoroethylene (PTFE), 2021- 2031F |
6.1.8 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Polyphenylene Sulfide (PPS), 2021- 2031F |
6.2 Philippines Marine Anti Corrosion Coating Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Powder-Based, 2021- 2031F |
6.2.3 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Solvent borne, 2021- 2031F |
6.2.4 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Waterborne, 2021- 2031F |
6.2.5 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By UV-Cured, 2021- 2031F |
6.3 Philippines Marine Anti Corrosion Coating Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Boot Tops, 2021- 2031F |
6.3.3 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Decks, 2021- 2031F |
6.3.4 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Fuselage, 2021- 2031F |
6.4 Philippines Marine Anti Corrosion Coating Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Cargo Ships, 2021- 2031F |
6.4.3 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Passenger Ships, 2021- 2031F |
6.4.4 Philippines Marine Anti Corrosion Coating Market Revenues & Volume, By Boats, 2021- 2031F |
7 Philippines Marine Anti Corrosion Coating Market Import-Export Trade Statistics |
7.1 Philippines Marine Anti Corrosion Coating Market Export to Major Countries |
7.2 Philippines Marine Anti Corrosion Coating Market Imports from Major Countries |
8 Philippines Marine Anti Corrosion Coating Market Key Performance Indicators |
8.1 Number of new shipbuilding projects in the Philippines |
8.2 Adoption rate of environmentally friendly anti-corrosion coatings in the marine sector |
8.3 Investment in offshore oil and gas exploration activities in the region |
9 Philippines Marine Anti Corrosion Coating Market - Opportunity Assessment |
9.1 Philippines Marine Anti Corrosion Coating Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Marine Anti Corrosion Coating Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Marine Anti Corrosion Coating Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Marine Anti Corrosion Coating Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Philippines Marine Anti Corrosion Coating Market - Competitive Landscape |
10.1 Philippines Marine Anti Corrosion Coating Market Revenue Share, By Companies, 2024 |
10.2 Philippines Marine Anti Corrosion Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |