Frost & Sullivan Expects Infrastructure Projects to Drive Demand for Industrial Paints in South Africa

CAPE TOWN, South Africa - The South African industrial paint market is benefiting from the country’s infrastructure spending and other capital-intensive projects in the manufacturing sector. Efforts by construction firms to complete projects in a timely manner will result in an increased usage of industrial paint and coatings in the coming years.

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New analysis from Frost & Sullivan (www.chemicals.frost.com), South African Industrial Paints and Coatings Market, finds that the market earned revenues of over US$137.3 million in 2007 and estimates this to reach US$195.1 million in 2014.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

“The booming infrastructure and construction industry is fuelling demand for industrial paint and coatings,” notes Frost & Sullivan Programme Manager Mani James. “More spending by the government on public infrastructure projects will result in extensive usage of industrial paint and coatings during the pre and post construction phases.”

Spiralling raw material costs will however increase the cost of industrial paints and coatings, dampening uptake. Reduced demand for automotive original equipment manufacturer (OEM) paints, decline in consumer spending on white goods, and the rise in energy prices are making it more difficult for suppliers to sell their products.

“Demand for industrial paints and coatings from the traditionally stronger automotive and refinish segments has declined in the face of the global economic slowdown,” explains James.

Suppliers are now conducting awareness campaigns, accrediting their products and are working on procuring long-term supplier service agreements to help increase their market share and opportunities. Low-cost, performance-driven products have become crucial to improve uptake.

South African Industrial Paints and Coatings Market is part of the Chemicals & Materials Growth Partnership Service programme, which also includes research in the following markets: South African Markets for Mining and Mineral Chemicals and South Africa Market for Engineering Plastics. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

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South African Industrial Paints and Coatings Market M383 Contact: Patrick Cairns Corporate Communications - Africa P: +27-18-468-2315 E: patrick.cairns@frost.com

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Source: Frost & Sullivan

Patrick Cairns, Corporate Communications - Africa of Frost & Sullivan, +27-18-468-2315, patrick.cairns at frost.com; Logo: https://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO