![]() |
contents | asia | ||||
| Two new coatings shows and conferences in Indonesia and the United Arab Emirates ![]() Forecasts suggest the entire Asia-Pacific Region will account for the largest share – around 50 percent – of the global paint and coatings market in the future. An average growth rate of about five percent is predicted for the South-East Asian markets for paint and coatings over the next five years. Reasons include a growing manufacturing sector, a booming construction industry, strong demand for decorative products, and a growing role as a major location for the automobile industry. The Middle East, as the pivot point for three continents, is also a lucrative future market for the coatings industry. In 2019 the size of the regional coatings market in the Middle East and North Africa was estimated at a total value of US$9,875 million, with a product volume of 3,125 million litres. Forecasts suggest this will increase by an annual 4.1% by value and 2.6% by volume in the next five years. write your comments about the article :: © 2021 Exhibition News :: home page |