Infrastructure boom and rising urbanization drive growth opportunities in the region, finds Frost & Sullivan’s Visionary Science team

The infrastructure boom and rising urbanization in Asia-Pacific have made it the largest and fastest-growing regional market for anti-corrosion coatings, with 54.7 percent of the revenue shares. It is likely to touch 57.9 percent in 2023, driven by the rapid growth of end-user industries such as water and wastewater, manufacturing and commercial architecture. Most of the demand for anti-corrosion coatings in the region is expected from the developing economies of China, India and Southeast Asian countries like Indonesia and Malaysia, which are witnessing frenzied developmental activities.