Asia-Pacific with major share in the Anticorrosion Coatings
Market
Asia-Pacific dominates the Anticorrosion Coatings Market forecast
with a share of approximately 50% in 2018 and is slated to generate
a revenue of $1.54 billion in 2018. The market for APAC is forecast
to grow at a CAGR of 7.24% and will reach $2.32 billion by 2023,
which is mainly attributed to the growing demand from the
construction industry. Europe anticorrosion coatings market is
scrutinized with respect to countries including U.K, France,
Germany, Russia, Turkey and others. These regions are poised on
the basis of its modesty in the automotive and aerospace industry.
The total market for anticorrosion protection in Europe was
$673.04 million in 2018 and is estimated to grow with a CAGR of
4.03% to reach $842.93 million during the forecast period of 2018-
2023.
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