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!

Asia Pacific Paint & Coatings Market Optimistic for Double Digit Growth in 2011 Finds Frost & Sullivan - The last 2 years have certainly been a period of uncertainty for most industries
Asia Pacific Paint & Coatings Market Optimistic for Double Digit Growth in 2011 Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2010/12/22 - The last 2 years have certainly been a period of uncertainty for most industries.

   
 
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!


 

2009 started off grimly for the paint and coatings market but it slowly started to pick up pace towards the end of the year. Moving into 2010, many industry players were cautious but nevertheless hopeful that the year would bring about the recovery of the industry back to more acceptable levels.

The APAC paint and coatings market for 2010 is estimated to be approximately USD 48 Billion with a market size of 15 million MT (metric tonnes) with a growth rate of 8 to 11 percent. This was aided mainly by the strong driving forces of China and India as well as developing growth from key Asean countries such as Indonesia and Vietnam. Industry players are optimistic on seeing double digit growth once again in 2011.

According to Frost & Sullivan's Program Manager of Chemicals, Material and Food Practice Sheila Senathirajah, the paint and coatings industry is heavily reliant on the end use industries it serves.

"Asia being a developing industrial nation has many key growth sectors that aid the growth of the paint and coatings market. Some of the key industrial sectors monitored are construction, steel, marine, automotive and furniture," she adds.

Currently, China is witnessing high growth in its steel and furniture industries while India is similarly experiencing positive growth in its construction and steel industries. ASEAN countries are witnessing growth in construction, marine, automotive and furniture industries.

Sheila continues, "As a result of this, we can expect to see positive growth coming from the related coating segments such as decorative, industrial wood, marine, automotive and protective coatings."

2011 will also see higher domestic growth in Asian countries with development on the way, spurring the growth of domestic or local players. More local players are expected to enter the industrial coatings segment especially due to higher participation with large MNC's and technology transfer that has greatly contributed to the local player's technology expertise.

In terms of industry specifics, the coming year will see the industry players creating a competitive edge by introducing new innovative products in the market with enhanced "sustainability" features. Many have already set in place strategies to recapture market share after a 2 year lull period. Green based technology will see high growth; particularly for powder and water based type coatings.

The term 'Green coatings' is not a new term within the industry but over the last couple of years there has been a slow uptake of these kinds of coatings due to a significant lack of demand from end use industry users. Whilst coating manufacturers are pushing these products into the mainstream, the lack of awareness and incentives and higher cost to use these types of coatings within the local consumers have been a barrier to be overcome.

"Nonetheless, we can now certainly see shifts in mindsets moving forward as local governments are coming on board to raise the level of commitment and push for green technology. For example, in early 2010, the Malaysian government launched a RM1.5 billion 'green technology fund scheme' plus providing tax incentives for green certified buildings," says Sheila.

She concludes, "Moving forward we expect to see growth of 'green coatings' in this region especially in relation to energy conservation, low VOC (volatile organic compound) emissions and a significant shift from solvent to water based paints."

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

 
 
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!


Asia Pacific Paint & Coatings Market Optimistic for Double Digit Growth in 2011 Finds Frost & Sullivan

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: Donna Jeremiah / Carrie Low 
+603 6204 5832 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]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:

LANXESS Pigments Used in Formula E
Voith Builds New XcelLine Board Machine for Bohui Paper Group
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

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  MagLar, Inc.





 
  ©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)