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SHELBYVILLE, DE - According to a new report offered by Global Market Insights Inc., the leisure boat marine coatings market is forecast reach $1.9 billion by 2024 with a projected compound annual growth rate (CAGR) of 6.5% over the period of 2017 to 2024.
The study reports that high growth in the Asia-Pacific tourism sector will augment development of the leisure boat marine coatings market during the fore - cast period. Asia-Pacific continues to be one of the fastest growing tourism regions in the world, with tourist arrivals grow - ing by close to 6% annually and totaling approximately 279 million in 2015, up from approximately 110 million in 2000. According to the United Nations World Tourism Organization, this number will likely reach 535 million by 2030.
China, Thailand, Hong Kong and Malaysia are the most visited tourist hot spots in the region....