|Analysis of Global Marine Coatings Market, Forecast to 2025|
|Stringent Regulations and Rising Environmental Concerns are Expected to Drive the Demand for Higher-end Protective and Antifouling Coatings|
Frost & Sullivan’s latest analysis, Global Marine Coatings Market, Forecast to 2025, reveals that the increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries such as silicones and fluorosilicones will propel revenues and boost growth opportunities. The Asia-Pacific region is expected to dominate the market owing to its large base of shipbuilding and dry-docking facilities. Frost & Sullivan expects the market to grow at a steady rate of 3.5% from 2018 to 2025 and reach $9.34 billion by 2025.