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Global Hull Coatings Market Expected to Grow 12.42% CAGR by 2020

By: Catherine Diamon

Research and Markets has announced the addition of the “Global Hull Coatings Market – Segmented By Application, and Geography – Trends and Forecasts (2015-2020)” report to its offering.

The Global Hull Coatings Market is expected to grow at a CAGR of 12.42% during the forecast period.

This market is driven by a number of factors, such as Huge Demand from Oil and Gas Industry, Huge Growth in the Marine Coatings Market and the Growth in the Rigs market. However, this market faces certain drawbacks, such stringent government regulations and the projected decline in the Ship-building Industry. These factors may act as a roadblock to the growth of the market.

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