Strategic Analysis of the Asia Pacific Paint & Coatings Industry
Strategic Analysis of the Asia Pacific Paint & Coatings Industry
Strategic Analysis of the Asia Pacific Paint & Coatings Industry
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Country Highlights<br />
Asean-Focus on Indo, MY, SG, TH, VN<br />
Overview:<br />
-Industrial coatings segments more badly impacted compared to decorative.<br />
The Market<br />
Regions GDP (Annual Percent Change) for 2003-2013<br />
-Particularly powder, protective, automotive OEM. Between 15-30% decline.<br />
-Decorative aided by boost from stimulus packages involving construction build<br />
managed to record approximately 3-5% growth for decorative segment.<br />
High growth paint sectors<br />
-2010-automotive OEM and protective expected to rebound positively<br />
ASEAN<br />
2008 Size: $3.3 Bill<br />
ASEAN<br />
8%<br />
Rest <strong>of</strong><br />
APAC<br />
92%<br />
Source: Frost & Sullivan<br />
Technology Trends<br />
-Higher interest on environmental issues however more push from industry players ra<strong>the</strong>r than local<br />
governments.<br />
Key legislations impacting paint industry<br />
-Singapore- Green label<br />
-Malaysia-recently launched GBI and Sirim Eco Label<br />
Singapore<br />
Malaysia<br />
Key Regions<br />
-Indonesia and Vietnam expecting higher growth in 2010-2011<br />
June 2010<br />
APAC <strong>Paint</strong> & <strong>Coatings</strong><br />
18
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