LONDON – IRL’s ninth edition of its title, A Profile of the Asia-Pacific Paint Industry, forecasts growth in the Asia-Pacific paint industry of 7.9 percent per year from 2009 to 2014, when the market will top over 20 million tonnes. The study covers the paint industries and markets of 11 major economies in the region. The Asia-Pacific paint market has been rated at almost 13.9 million tonnes in 2009.
China and India are the major growth drivers in the region, with paint demand in these two countries likely to continue growing at more than 10 percent per annum in the coming years.
Indonesia has enjoyed strong growth in recent years and is winning international investment and confidence from industry. General and wide-ranging expansion of the tourism industry and the establishment of economic development zones will be among the key driving forces for the Indonesian paint market.
Vietnam is one of the fastest-growing economies in the Asian region. The country will become a good prospect for the paint industry on two levels: strong investment in construction and infrastructure; and the possible accession of Vietnam to the World Trade Organization, which would translate into further industrial development.
Singapore remains a strong market and one of the greatest consumers of paint per capita in the world at 47 kg. per head. Strong growth in the architectural, marine and protective coatings segments is expected to continue in the future.
The Philippines offers a broad spread of opportunities for the coatings industry, especially in terms of civil construction, architectural, marine and protective applications.
For additional information, visit www.informationresearch.co.uk.
China and India are the major growth drivers in the region, with paint demand in these two countries likely to continue growing at more than 10 percent per annum in the coming years.
Indonesia has enjoyed strong growth in recent years and is winning international investment and confidence from industry. General and wide-ranging expansion of the tourism industry and the establishment of economic development zones will be among the key driving forces for the Indonesian paint market.
Vietnam is one of the fastest-growing economies in the Asian region. The country will become a good prospect for the paint industry on two levels: strong investment in construction and infrastructure; and the possible accession of Vietnam to the World Trade Organization, which would translate into further industrial development.
Singapore remains a strong market and one of the greatest consumers of paint per capita in the world at 47 kg. per head. Strong growth in the architectural, marine and protective coatings segments is expected to continue in the future.
The Philippines offers a broad spread of opportunities for the coatings industry, especially in terms of civil construction, architectural, marine and protective applications.
For additional information, visit www.informationresearch.co.uk.
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