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Article: Increased construction activity shapes rapidly expanding building paints markets in South Africa.(NEW REPORTS)
- Article from:
- Coatings World
- Article date:
- September 1, 2007
CopyrightCOPYRIGHT 2007 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New analysis from Frost & Sullivan's "South African Building Paints Markets," finds that the market earned revenues of $630 million in 2006 and estimates this to reach $947 million in 2013.
"The 2010 football World Cup coupled with rising economic growth and a general increase in building maintenance has led to surging demand for building paints," said Frost & Sullivan research analyst Cornelis Van der Waal. "In addition, fierce local competition is keeping prices stable, making paint more affordable for end users. As a result, paint manufacturers now have an exceptional opportunity to boost market share and revenues."
Growth of six to ...