Research and Markets has announced the addition of the "Global Marine Coatings Market Forecasts & Opportunities, 2018: Rapid Growth in the Oil and Gas Industry will Drive Demand" report to their offering.
The increase in consumer preference for eco-friendly products is an important trend being witnessed in the Global Marine Coatings market. The increase in environmental regulations and restrictions along with the changing consumer preference for sustainable products is urging the marine coatings manufacturers to develop eco-friendly products. The makers of marine coatings, which include anti-corrosive, anti-fouling, and foul release products, are developing new and eco-friendly coatings to comply with the regulations and to meet the increasing demand for sustainable products that do not harm the marine ecosystem. This in turn is expected to propel the growth of the market during the forecast period.
According to the report, one of the major drivers in this market is the rapid growth in the Oil and Gas industry. This in turn will boost the demand for protective and marine coatings.
Further, the report states that although marine coatings help in maintaining the efficiency and durability of vessels and marine facilities, one of the major challenges in the market is the stringent environmental regulations that are enforced to protect the marine life from the adverse effects of the chemicals used in marine coatings.
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