Asia Pacific Coating Resins Market to Attain Valuation of US $7.2 Bn by 2023
The vendor landscape of the Asia Pacific coating resins market is characterized by a high degree of fragmentation and intense level of competition, notes Transparency Market Research (TMR). In 2014, the top eight companies in the regional market accounted for around 59.0% in 2014. The competitive landscape is dotted by several medium- and large-sized manufacturers. Small-scale coating resins manufacturers in the region are largely dissuaded to enter the market on account of the bleak profit margins prevalent in most segments.
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