Asia Pacific marine coatings market outlook

The Asia-Pacific Marine Coatings Market has experienced steady growth over the past five years. Robust growth in the ship-building industry and offshore engineering are likely to boost the consumption of marine coatings and fuel the market in the region, according to the latest report from Frost & Sullivan.
The research service covers the current technology trends, which include anti-corrosive and anti-fouling coatings. The increasing maintenance of vessels and repair at sea from wear and tear, as well as new ship manufacturing are expected to be the primary drivers for this market.
The base year for the study is 2011. The study includes 14 countries, with volume and revenue figures available for two historical years and two forecast years.