Absorption and scattering by molecules, aerosols and hydrosols, and the reflection and transmission over the sea surface can modify the original polarization state of sunlight. However, water-leaving radiance polarization, containing embedded water constituent information, has largely been neglected. Here, the efficiency of the parallel polarization radiance (PPR) for enhancing ocean color signal of suspended particulate matter is examined via vector radiative transfer simulations and laboratory experiments. The simulation results demonstrate that the PPR has a slightly higher ocean color signal at the top-of-atmosphere as compared with that of the total radiance. Moreover, both the simulations and laboratory measurements reveal that, compared with total radiance, PPR can effectively enhance the normalized ocean color signal for a large range of observation geometries, wavelengths, and suspended particle concentrations. Thus, PPR has great potential for improving the ocean color signal detection from satellite.