Marine Anti-fouling Coatings Market Size Forecast to Reach $221 Million by 2025
Posted on Jul 8 2020 4:52 PM "Increased Demand in Oil and Gas Industry Driving the Growth of Marine Anti-fouling Coatings Market." Marine Anti-Fouling Coatings Market size is forecast to reach $221 Million by 2025, after growing at a CAGR of 6% during 2020-2025. With the increasing production of leisure boats and cruise ships, an increase in ship repairs & maintenance activities and rising demand from the oil and gas industry will drive the market demand for marine anti-fouling coatings. Whereas stringent government regulations, and increasing usage of high-standard, durable products are hampering the growth of the market. Type - Segment Analysis Copper-based antifouling paints & coatings has the largest share in the Marine anti-fouling coatings market. Copper-based antifouling paint has been repeatedly tested for efficacy in hundreds of coatings formulations by multiple manufacturers. The efficiency of an antifouling coating depends on site-specific fouling pre...