Table of Contents
This report focuses on the manufacture of paint and coatings sector which was worth an estimated R8.88bn in 2013. There are more than 300 manufacturers although 80% of the market is dominated by the three largest companies. The market was stimulated by construction leading up to the 2010 FIFA World Cup but since then growth has slowed because of the global recession and margins have narrowed as a result of difficult trading conditions. Growth is expected to accelerate as the world economy improves but export markets promise higher rates of growth than the local market. There has been a strong focus on environmentally friendly practices and this is one of the most important drivers in the development of new products.
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