Please wait.'

Page is loading'


Home  > Markets & companies  > Coatings market  > Paint & Coatings market in Asia-Pacifi...

Sunday, 19 May 2019
pdf
Markets & companies, Coatings market

Paint & Coatings market in Asia-Pacific: higher domestic growth expected in 2011

Wednesday, 5 January 2011

The coatings market in Asia-Pacific is expected to show double digit growth rates in 2011.

According to Frost and Sullivan’s report, green-based technology will see high growth particularly for powder and waterbased type coatings. Source: Evgeny Boxer - Fotolia.com
According to Frost and Sullivan’s report, green-based technology will see high growth particularly for powder and waterbased type coatings. Source:...

The APAC paint and coatings market for 2010 is estimated to be approximately USD 48 billion with a market size of 15 million metric tons with a growth rate of 8 to 11 %. This was aided mainly by the strong driving forces of China and India as well as developing growth from key Asean countries such as Indonesia and Vietnam. Industry players are optimistic on seeing double digit growth once again in 2011, said market research company Frost & Sullivan. According to the firm’s program manager of chemicals, material and food practice, Sheila Senathirajah, the paint and coatings industry is heavily reliant on the end-use industries it serves. "Asia being a developing industrial nation has many key growth sectors that aid the growth of the paint and coatings market," she said. The expert expects to see positive growth coming from the related coating segments such as decorative, industrial wood, marine, automotive and protective coatings. "Moving forward we expect to see growth of green coatings in this region especially in relation to energy conservation, low VOC emissions and a significant shift from solvent to water based paints," Senathirajah said.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register