Marine Coatings Market : Global Industry Analysis and Forecast 2016 - 2022

Marine Coatings Market : Global Industry Analysis and

Forecast 2016 - 2022

Persistence Market Research

Marine Coatings Market : Global Industry

Analysis and Forecast 2016 - 2022

Persistence Market Research

1

Marine Coatings Market : Global Industry Analysis and

Forecast 2016 - 2022

Persistence Market Research Released New Market Report on “Marine Coatings Market :

Global Industry Analysis and Forecast 2016 - 2022”.

Marine coatings are the protective coatings applied on the surface of the ships, cruises, vessels,

yachts and other offshore structures (oil rigs, bridges) exposed to the sea water and corrosive

conditions. The marine coatings are applied on the above mentioned surfaces to protect against

corrosion, fouling and slimes thus increasing the durability and life of the marine vessels and

offshore structures. The need for dry-docking of vessels subsequently, new ship building

activities and the growth in offshore drilling is propelling the growth of global marine coatings

market. The shipping trade is also growing globally, which is one positive factor for the growth of

global marine coatings market. The demand for VOC free and environment friendly marine

coatings among the customers are gaining popularity, hence new trends are being employed by

marine coatings manufacture to achieve this specifications of consumers and to comply with

government norms. The global marine coatings market is expected to project a healthy CAGR

over the period of forecast.

The global marine coatings market is expected to show a healthy growth, and the key driving

factors responsible for the growth of marine coatings market are, the growth in the world trade,

awareness among the consumers about hull protection, fuel efficiency of the vessel and the

expansion of oil and gas sector in the off shore regions, new ship building facilities and the drydocking activities tends to drive the market for marine coatings globally. The popularity of yacht

and cruise ships among the...