ASIA PACIFIC PAINT AND COATING MARKET PROJECTS GROWTH, PAINT BRAND SWITCHING ROLES TO SOLUTION PROVIDER
July 12th, 2023
The bounce back from Covid-19 lockdowns to the key south-east Asian economies of Malaysia and Singapore have seen robust growth in both countries, boosting paint and coatings sales, although the Malaysian market has some fragility this year.
Economic growth in both ASEAN (Association of Southeast Asian Nations) members have been robust with data from the World Bank showing Malaysia’s GDP expanding from USD337.34 billion in 2020 to USD406.31 in 2022 (1) - its population being 33.5 million people. Its economy grew 8.7% in 2022, according to its finance ministry ...
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