Industry News

Asian Paints & Coatings Market - Opportunities Galore for Investment

Published on 2006-06-23. Author : SpecialChem

SINGAPORE -- Frost & Sullivan's Chemicals, Materials & Food practice in Asia and Middle East will host an analyst briefing webinar on the Paints & Coatings Market in Asia on June 29, 2006, at 11:00 hrs (GMT+08:00hrs) Singapore time.

The briefing provides a detailed analysis of the Paints & Coatings Market in Asia and assesses the current trends and discusses potential market openings. Additionally, it includes detailed market drivers and restraints with strategic recommendations to counter industry challenges. Highlights of the briefing include revenue forecast and regional breakdown of the Asian paints and coatings market, macroeconomic indicators, drivers/restraints, trends in the various coating sectors based on application, competitive structure of key industry players, competitive factors, strategic recommendations and some other excerpts of related and upcoming research.

The Asian paints and coatings market has grown steadily since 2002 aided by the favorable economic conditions prevailing in Asia. Despite the oil price hike in 2005, Asian countries are expected to drive the growth in paints and other industries and opportunities are aplenty. Asia is a region of different countries exhibiting different levels of growth in paints market in line with the growth in the GDP's in the respective countries. Therefore, one can reap good returns only by investing in the right market. The opportunities are galore -- so where does one invest?

This briefing will benefit the paint manufacturers, resin suppliers, OEMs using coatings, distributors, investment bankers and others who are interested in investing in the Asian coatings market.

Asian coatings market is primarily driven by the burgeoning growth in the Chinese market. India and Southeast Asia are acting as the geopolitical counterweights to China, whereas the saturated Japanese market is hampering the overall growth of the Asian market, given the size of the Japanese coatings market. The growth varies from one coating sector to another and choosing the right region and sector is a critical success factor, both for new entrants and the established manufacturers seeking to increase their share in the market.

"The Asian coatings market has witnessed healthy growth in the last few years, especially after China's inception into the WTO," says Frost & Sullivan Senior Research Analyst D. Ashwin Kumar. "Other Asian economies have recovered from the economic recession in 2001 and the healthy global economic conditions have sustained the influx of investments into Asia. The paints and coatings market is susceptible to macroeconomic variations and the burgeoning growth seen in the Asian countries is a clear indicator of the growth in the coatings market."

About Frost & Sullivan: Frost & Sullivan, a global growth consulting company has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

Source: Frost & Sullivan

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