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New Research Report Sees Growth in African Coatings Market

Thursday, January 26, 2012

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Sub-Saharan African countries Ghana, Kenya, and South Africa can anticipate strong growth in their coatings markets in coming years due mainly to government investment in infrastructure, according to a new research report from Frost & Sullivan.

This Frost & Sullivan report, Sub-Saharan Africa Infrastructure Chemicals and Materials Market, offers a comprehensive overview of the market, including key drivers and restraints. It discusses challenges and offers strategic recommendations to succeed in the market. Paints and coatings, thermal insulation material, sealants and grouts, and waterproofing material are the product categories included in the research. An overview of end user sectors, such as residential and commercial construction sectors, water and sanitation, as well as energy and power stations, is provided.

The government is the largest driver for growth in the development of infrastructure, and, therefore, has a significant bearing on the level of demand for infrastructure chemicals and materials. The report notes a large backlog in infrastructure development in the 3 countries studied, as well as plans by governments to address the backlogs.

The market potential for raw materials suppliers to sell their chemicals, a major portion of which are imported, to manufacturers of end use products, is also discussed.

   

Tagged categories: Coating Business; Coatings manufacturers; Construction chemicals; Market

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