CONSTRUCTION BOOM IN MYANMAR’S PAINT AND COATINGS INDUSTRY
April 11th, 2014
MYANMAR’S booming construction industry is spurring rapid growth in the country’s paints and coatings sector, as a steadily increasing number of foreign firms attempt to stake out a share in a market that was, until relatively recently, decidedly lacklustre.The Burmese construction industry is currently valued at USD3 billion and is forecast to grow to USD4.2 billion by 2016, according to a February 2014 report by the financial advisory firm New Crossroads Asia.According to Paris-based global market research firm Ipsos, 49% of construction projects ...
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