Asia-Pacific Outperforms Global Decorative Coatings Market
KUALA LUMPUR, Malaysia - The Asia Pacific (APAC) decorative coatings market has seen steady progress since 2010, outperforming the global decorative coatings market in volume and value. This surge in volume can be explained by the heavy investments in infrastructure developments by populous countries such as China, India, Indonesia and Vietnam.
A new analysis from Frost & Sullivan, Competitive Benchmarking of Decorative Coatings Companies in Asia Pacific, recorded market revenue of $14.10 billion in 2010, which is likely to reach $18.20 billion by 2012. Growth is expected to be stable, with a compound annual growth rate (CAGR) of 13.5 percent.