The production of emulsion paints in Malaysia for the year 2024 is forecasted at 65.33 million liters. This represents a decrease from the actual figures in 2023, which stood at 70 million liters. The production is expected to decline further in the following years: 61.49 million liters in 2025, 57.68 million liters in 2026, 53.91 million liters in 2027, and 50.18 million liters in 2028. Year-on-year, the percentage change shows a consistent downward trend:
- From 2024 to 2025: -5.87%
- From 2025 to 2026: -6.2%
- From 2026 to 2027: -6.54%
- From 2027 to 2028: -6.92%
The compound annual growth rate (CAGR) from 2023 to 2028 is -6.2%, indicating an average annual decline in production over the five-year period.
Future trends to watch for:
- **Raw Material Costs:** Fluctuating prices of raw materials could impact production costs and, consequently, volume.
- **Environmental Regulations:** Stricter environmental policies could lead to changes in production processes or formulations, impacting overall output.
- **Technological Advancements:** Adoption of new technologies might streamline production but also could lead to temporary reductions during the transition phase.
- **Market Demand:** Shifts in market demand, driven by changes in the construction industry or consumer preferences, could influence production volumes.
