Global Marine Coatings Market: Companies Focus of Product Diversification to Stay Ahead of Curve
The global marine coatings market, which is consolidated on account of a handful of top players accounting for a significant share in it, has been growing at a healthy clip – a trend it is likely to retain in the near future as well. Keen players in the market are focused on product development and usually bank upon a wide array of products to cater to the specific demands of the client. Some of the prominent players in the global marine coatings market are Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, Hempel A/S, Chugoku Marine Paints Ltd., and Sherwin-Williams Company. As per a report by Transparency Market Research, the global marine coatings market will, in probabilities, expand at a CAGR of 6.1% between 2017 and 2025. Rising at this pace, the market which was worth US$8.53 bn in 2015, is predicted to reach a value of US$14.52 bn by 2025. Some of the key products in the global marine coatings market are anti-fouling coatings, foul release coatings, anti-corros...