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Thursday, 04 June 2020
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Markets & companies, Coatings market

Southern African paints and coatings market to grow

Wednesday, 21 July 2010

According to Frost & Sullivan’s report, the South African paints and coatings market is expected to reach USD 765.3 million by 2016.

The paints and coatings market in South Africa is primarily driven by the construction sector. Source: imago pubblicità - Fotolia.com

The paints and coatings market in South Africa is primarily driven by the construction sector. Source: imago pubblicità - Fotolia.com

The paints and coatings market in South Africa earned revenues of USD 603 million in 2009 and estimates expect it to reach USD 765.3 million by 2016. The paints and coatings market is primarily driven by the construction sector. The South African construction industry slowed down drastically during 2008 and 2009 due to the economic crisis, but started to recover gradually in the third quarter of 2009. New analysis from Frost & Sullivan, entitled "Southern African Paints and Coatings Market", finds the paints and coatings market in Southern Africa is highly fragmented with low barriers to entry. Several small paint manufacturers are establishing themselves in the market, thus increasing the competition and range of brands available. The products covered in this analysis include decorative coatings, automotive and refinish coatings, industrial protective coatings and other coatings.

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