Asia-Pacific Marine Coatings Market Slated for High Growth
KUALA LUMPUR, Malaysia - The Asia-Pacific marine coatings market is expected to witness steady growth owing to robust development of the shipbuilding and offshore engineering industries in the region. Moreover, ships are subject to harsh environments, and the constant need for their maintenance and repair will sustain market demand.
A new analysis from Frost & Sullivan, Asia-Pacific Marine Coatings Market Outlook, finds that the market earned revenues of $4.84 billion in 2012 and estimates this to reach $6.69 billion in 2016.