PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Growth Seen for S. African Coatings Market

Thursday, July 22, 2010

Comment | More

Rebounding construction activity, increasing infrastructure, and innovative product trends should drive growth in the South African paints and coatings market through 2016, a new analysis projects.

Recovery in the $603 million market comprised of South Africa, Namibia and Zambia should propel the industry to $765.3 million by 2016, according to Southern African Paints and Coatings Market, a new report by Frost & Sullivan, the London-based market research company.

The analysis covers decorative coatings, automotive and refinish coatings, industrial protective coatings and other coatings through 2016.

"There will be a continued demand in the end-user industries for paints and coatings," the report concludes.

Moreover, it adds, much of that growth will come in the short term, with construction currently on the rise in the region. Although decorative paints comprise more than half of the current market, most of those are made locally, as are automotive paints. Industrial paints and coatings are mostly imported because they are cheaper to produce, the report says.

"The industrial paints market is also set to increase due to foreign investments," according to the analysis. "This market is, however, limited and restricted to competitive entry."

The region's paints and coatings market is primarily driven by the construction sector, Frost & Sullivan says. 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.

"During the economic crisis, the construction industry saw very few building projects being commissioned, while the automotive sector declined dramatically," the company reports. "However, Southern Africa has many infrastructural opportunities and governments have taken initiatives to provide enhanced and greater infrastructure by commissioning building projects themselves."

Overall, the report says, South Africa should see a Compound Annual Growth Rate (CAGR) of 3.5%; Namibia, 2.8%; and Zambia, 5.1 % through 2016.

"For local manufacturers, having to import large amounts of raw materials increases the manufacturing costs, making way for the import of cheaper paints and coatings, creating added competition and price sensitivity," notes says Frost & Sullivan Research Analyst Dilshaad Booley. "However, the starting capital to manufacture decorative paints is low, easing market entry and increasing competition among local manufacturers."

He adds: "In an attempt to widen the market demand, manufacturers and distributors should educate consumers about the benefits of purchasing superior quality paints. Although quality paints cost more, they save the consumer from having to recoat more often."

For more information or to purchase the report, visit http://www.frost.com.

   

Tagged categories: Economy; Market research

Comment Join the Conversation:

Sign in to our community to add your comments.

HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Truss bridge treated with Termarust's (HR CSA) in 1995. This highway & rail truss bridge is still stable and there still is no active corrosion.


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


Atlantic Design, Inc.
OUR INDUSTRY IS CHANGING!

We should know. We’re the ones leading the way. Cleverly simple. Clearly ADI. 866.Call.ADI


Surface Prep Supply
Surface Prep Supply

Blast It! Coat It! We have you covered every step of the way. Supplier of:
• Abrasives
• Equipment
• Accessories
• Protective Coatings
888-331-7737(PREP)


Elcometer, Inc.
New Elcometer 456 Coating Thickness Gauge

Best In Class Just Got Better. Technologically Intelligent And Robust. Marvelous Design And Durability. An Earth-Shattering Revolution In Coating Inspection.


PlastiForm Concrete Forming Systems LLC
MAKE YOU MONEY!

Radius & Straight Reusable & lightweight Fast Setup & Strip when concrete won’t slump LIFETIME GUARANTEE on USA products Saves Time, Money, Labor, Trees

(855)550-8555) maryann@plastiformcfs.com
www.plastiformcfs.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com