1. Market Research
  2. > Manufacturing
  3. > Paint and Coating Market Trends

Analysis of the Industrial Paints and Coatings Market in South Africa, Nigeria, and Kenya

  • May 2014
  • 208 pages
  • Frost & Sullivan
Report ID: 2148671

Summary

Table of Contents

Market Growth to Follow Economic Growth Trends

This research service analyses the industrial paints and coatings market for South Africa, Nigeria, and Kenya in terms of volume and growth rates. In addition, it examines drivers, restraints, and challenges affecting the growth of these markets. Each market is further segmented according to product types, which include: industrial protective coatings, wood coatings, powder coatings, can and coil coatings, and marine coatings. This research service also includes market growth forecasts from 2012 to 2017 and a detailed analysis of key market participants, pricing, a breakdown of market shares by company, and an overview relevant technology.

Key Findings
-The South African, Nigerian, and Kenyan industrial paints and coatings markets will present attractive growth opportunities over the forecast period (2013 to 2017) of the study.
-Apart from the projected growth forecast in gross domestic product (GDP) throughout all 3 countries, the 3 main growth drivers for the industrial paints and coatings market will be the expansion in infrastructure development, an increased middle-income class, improved public and private relationships, and augmented investment opportunities.
-The industrial paints and coatings market is less fragmented in terms of competition when compared to the decorative paints and coatings market, as the technology is more advanced and the starting capital is far greater. However, the market still remains relatively price sensitive.
-New regulations are forecast to lessen the degree of price sensitivity in the market, which will positively influence the industrial paints and coatings market.
-Government initiatives within sub-Saharan Africa are in place to reduce imports, which promotes increased local manufacturing activities.
-Meanwhile, higher import tariffs are placed on imported finished goods. Imported goods become less competitive with locally manufactured products, increasing local production.
-Market trends suggest that the product segment growth areas within the total industrial paints and coatings market lie within industrial protective, powder, and marine coatings. This growth will be driven by an anticipated increase in industrial growth and heightened investment in infrastructure projects brought about by public and private investments.
-Another focus area lies specifically within can coatings, which forms part of the can and coil coatings segment assessment.
-The expansion of the middle-income class population and increased export opportunities into Southern Africa continue to drive the demand for food and beverage packaging, thus increasing the demand for can coatings. Increased export opportunities may, however, be restrained by the geographical location of the actual demand.
-South Africa may pose an area of opportunity for coil coatings as the demand in the white goods market is expected to increase due to lower interest rates.
-Africa’s industrial paint and coatings market has vast market potential. As manufacturers of industrial paints and coatings create better awareness about the use and benefits of using the correct products for various application sectors, the market potential will be captured, as end users in Africa generally lack product awareness, making the industrial paints and coatings market in Africa relatively underdeveloped and unexplored.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

2017 Global Paint and Coatings Market: Future Horizons and Growth Strategies--Business Assessments of Leading Suppliers

  • $ 12700
  • Industry report
  • March 2017
  • by Venture Planning Group

Complete report $12,700.  Individual company assessments $2,450. This thought-provoking report on performance, capabilities, goals and strategies of the major competitors in the worldwide paints and coatings ...

Medical Device Coatings: Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Examine the medical device coating and surface treatment technologies industry. - Analyze the major types of materials and applications for medical device coatings. - Gain insight ...

Thermal Barrier Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Thermal Barrier Coatings Market: Overview The report covers the analysis and forecast of the thermal barrier coatings market on a global and regional level. The study provides historic data of 2015 ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.