The Asia Pacific region encompasses a diverse range of economies with different levels of economic development. The region accounted for 53 % of the total revenue share of protective coatings in 2022, in terms of value. The growth of the region is majorly attributed to the development of civil building and infrastructure, marine, and power generation industries, and across industries such as consumer goods and appliances, building and construction, and furniture. The advantages of shifting production facilities to the Asia Pacific are the low cost of production, availability of skilled and cheap labor, and the ability to better serve the ...