The manufacturer says if you leave it in the water, it might last 6 months, or maybe longer, but due to the unknowns of the water, it won't last nearly as long, water line down, dependent upon what's in your water. Out of the water storage it lasts years.
I thought all of this had a familiar ring...it does for good reason. Although it's not easy to find out what Sharkhide actually has in it, there are ways... Below is a link to pros who know many coatings very well. The primary difference for that resin coating is in the solvents used to orient it toward use on bare metal.
Protects aluminum, stainless, steel and more against the elements
www.eastwood.com
The coating may be called a resin, a polymer, an acrylic or a ceramic (ceramic, ha, that's a stretch), however they all have limitations that need to be understood. Below is a point I lifted from another pro:
Sharkhide is a clear film type of product that will stand up to washing. Its intended application can be a little bit touchy; if the film is not applied well, and dried well, we've seen instances posted here where it came off. Well applied the purpose is to retain a shine/sheen to the parent metal. Downside of Sharkhide or any other film;once the film is breached, chemically, galvanically, or mechanically- it them promotes a crevice cell corrosion by trapping water inside the film. Do it right, tight and correctly - or don't do it at all.
The point is these coatings can last a very long time on a properly stored static display...otherwise, they need to be used in conditions for which they are designed and refreshed commensurate with exposure. Anyway the reason this had a familiar sound is that I "refurbished" faded gelcoat of our 1998 fiberglass I/O with a resin/acrylic some years ago (don't remember how many). However I used a method brought to my attention by some RV'ers and other boaters. They, instead of using one of the various high-cost products targeted to RVs or boats, used what is in the link below (there are others):
https://www.walmart.com/ip/Zep-Wet-Look-Floor-Polish-128-Ounces-Long-Lasting-Shine/38472841?wmlspartner=wmtlabs&adid=22222222222026489500&wmlspartner=wmtlabs&wl0=e&wl1=o&wl2=c&wl3=10355056676&wl4=pla-4578160304572762:aud-807615483&wl5=&wl6=&wl7=& wl10=Walmart&wl12=38472841_10001066316&wl14=Zep wet-look floor polish&veh=sem&msclkid=0de6767e63f017f6b0e0165f4c676a38
Our I/O has been on a covered lift for years with the usual use and abuse (always run hard, put away wet). The coating has not been reapplied in over two years and reapplication is overdue. Actually to show the boat the love it deserves I should strip the old and put on all new coats. But, I will use the same stuff again...it's that good!
Anyway the point is, regardless of advertising hype, all of the coatings have limitations. Be sure to use them properly and be willing to buy into the longer term commitment.