In North America, the paints and coatings industry witnessed growth in the marine and protective coatings segments. This trend is linked to an increase in shipbuilding activity, with new ships being commissioned for commercial shipping, offshore oil and gas exploration, and naval defense.
Companies like PPG, Sherwin-Williams, and AkzoNobel have increased their focus on marine coatings, which are known for their high corrosion resistance and long-lasting durability. The growing demand for sustainable and anti-fouling coatings is also pushing manufacturers to develop innovative solutions that reduce environmental impact.