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Regions :: Africa :: South Africa
Infrastructure Spending Helps South African Paintmakers
9:05 AM MDT | April 24, 2009
A “booming” infrastructure building and construction industry in South Africa will benefit the region’s industrial paint market, says a new report from market research firm Frost & Sullivan (F&S; London). South African paint sales are expected to grow 42%, to $195 million by 2014 amid the country’s spending on capital-intensive projects in the manufacturing sector, F&S says. Paint demand from other industries will be dampened by rising raw materials costs, however, it says. “Reduced demand for automotive OEM paints...
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