LONDON – Market research firm IRL has launched a new edition of its regional title A Profile of the Asia- Pacific Paint Industry. This fully updated report provides market data for 2013 and forecasts for 2018, and gives an overview of the paint industry trends across 13 countries in the region.
The Asia-Pacific economies are growing fast, boosting growth in the demand for many building and industrial materials, including coatings. The total market for coatings was 21.4 million metric tons in 2013, and is forecast by IRL to increase to 29.2 million metric tons by 2018; this is equivalent to an average annual growth rate of 6.4% in the medium term.