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Home  > Markets & companies  > Coatings market  > East African automotive coatings market po...

Sunday, 19 May 2019
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Markets & companies, Coatings market

East African automotive coatings market poised for growth

Friday, 29 October 2010

Frost & Sullivan’s new report estimates that the automotive coatings market in East Africa to reach USD 27.0 million by 2016.

According to Frost & Sullivan’s new study, the adhesive and coatings market in East Africa grow by 2016 and reach revenues of USD 21.7 million and USD 27.0 million, respectively. Source:Cornelia Hoffmann Fotolia.com
According to Frost & Sullivan’s new study, the adhesive and coatings market in East Africa grow by 2016 and reach revenues of USD 21.7 million...

The coatings and adhesives market in East Africa has a significant potential despite the recent global economic downturn and the challenges and restraints faced by the countries in this region. Investors who capitalize on the developing East African economy will benefit from a market that is driven by minimal competition and limitations when compared to the more developed global markets of Asia, North America and Europe, according to Frost & Sullivan’s new analysis "A Strategic Analysis of the Coatings and Adhesives Market in East Africa." The report finds that the automotive coatings market earned revenues of USD 19.6 million in 2009 and estimates this to reach USD 27.0 million by 2016. The East African adhesives market revenues were USD 15.6 million in 2009 and are expected to reach USD 21.7 million by 2016. The East African community is creating opportunities for local resource development by providing incentives for regional growth and local development. This is likely to result in an enhanced regional prominence.

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