PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Diversifying Economy Presents a Rosy Picture for the Paints and Coatings Market - Due to high volatility in the crude oil market, it becomes necessary for the Gulf Cooperation Countries (GCC) to invest in diversifying their economy and reduce its dependence on oil
Diversifying Economy Presents a Rosy Picture for the Paints and Coatings Market

 

NewswireToday - /newswire/ - Mumbai, India, 2008/11/19 - Due to high volatility in the crude oil market, it becomes necessary for the Gulf Cooperation Countries (GCC) to invest in diversifying their economy and reduce its dependence on oil.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Also, in order to meet the demands, driven by strong population and economic growth, they will need to invest in developing the infrastructure. Both the above activities would indirectly benefit the paints and coatings market.

New analysis from Frost & Sullivan (chemicals.frost.com), Middle East Paints and Coatings Markets, finds that the market earned revenues of $1.33 billion in 2007 and estimates this to reach $2.7 billion by 2014.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the paints and coatings market in the Middle East countries, then send an email to Tanu Chopra/ Nimisha Iyer, Corporate Communications, at tanuc[.]frost.com/ niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

GCC countries need to develop hubs for other industries such as light manufacturing, financial services, and global trading to attract foreign investments. The influx of foreign investments will not only be economically rewarding but will also introduce large-scale infrastructural and industrial projects. The paints and coatings market will also reflect the effects of such moves by becoming more dynamic.

“Meanwhile, an increase in the disposable income as well as changing lifestyles has led to higher expectations from the end-users,” says Frost & Sullivan's Principal Consultant Dominic Louis Britto. “This, in turn, is driving the demand for paints and coatings – especially architectural paints which account for about 64 percent of the total market revenue.”

With the expansion of industries, there has been a significant rise in demand for consumer and industrial goods in the GCC countries. Many countries in GCC have also started to promote tourism, which has fostered the hospitality, infrastructure and allied industries, resulting in a rise in infrastructural projects, which in turn have increased the demand for paints. Paints and coatings are also used for wood finish, auto refinish and marine applications.

As the potential of the paint and coatings market becomes increasingly apparent, more numbers of participants have been flocking to it, making the business a high-volume, low-margin one. To top this, end users are gravitating toward low-value products due to their lack of awareness regarding the quality and usage of paints and coatings.

Manufacturers can disseminate information about the quality of paints by training the professionals to make them aware of the advantages of superior quality paints. They also need to create a powerful brand image through a conscious brand building exercise. They could also promote their products' ability to meet industry standards.

Companies also need to leverage the first-mover advantage in the GCC countries, as it will rapidly increase their market share. Companies can also stay ahead of the competition by introducing technologies that provide better results, and thereby command better prices.

Middle East Paints and Coatings Markets is part of the Chemicals & Materials Growth Partnership Service program, which also includes research in the following markets: Asia Pacific Paints and Coatings Markets, European Paint Additives Markets and U.S. Protective Coatings Markets. 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.

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Middle East Paints and Coatings Markets
P19A

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Diversifying Economy Presents a Rosy Picture for the Paints and Coatings Market

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Tanu Chopra / Corporate Communications – 
+91 22 4001 3437 tanuc[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Voith Paper Offers Rebuilds of Medium-sized Paper Machines to Increase Production Capacity by up to 15%
SCHOTT to Showcase Highly Lightweighted, Monolithic ZERODUR® Mirror Blanks At SPIE Optics and Photonics 2017
LANXESS Doubles Membrane Production Capacity
MAN Engines Presenting Global Innovations for Agricultural Machinery and Cogeneration
Anti-corrosion Coatings Manufacturers Focus on Low-cost, High-performance Coatings for Asia-Pacific Market Finds Frost & Sullivan
The Navigator Company Selects Voith XcelLine Tissue Machine for Cacia in Portugal
SCHOTT Eternaloc® Electrical Penetrations Answer New Requirements of Innovative Twin High-Temperature Reactors [HTR] in Shidao Bay, China
BASF’s iGloss Clearcoat Offers Higher Gloss and Improved Scratch-resistance on Vehicles
The Voith Paper Webshop Simplifies Ordering of Spare Parts and Provides Comprehensive Documentation Options
BASF Begins Production of Palatinol DOTP Plasticizer At its Pasadena, Texas Facility
ADNOC and Borealis Sign Agreement to Extend and Expand Joint Petrochemical Activities in Ruwais
LANXESS Launches New PBT Compound for Battery Components in Electric Cars
Hexagon Manufacturing Intelligence Releases PC-DMIS 2017 R2
BASF Releases Fendona CS Perimeter Pest Solution
Safran Invests in Cailabs - French Disruptive Startup Dedicated to Light Shaping Technologies

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)