INDONESIAN MARKET FACING DOUBLE DIGIT GROWTH THROUGH 2012
July 1st, 2011
BY WANG FANGQING
INDONESIA'S paint and coating market is expected to grow 10% from 2011 to 2012 after a previous average annual growth of 8% between 2006 and 2011.With the strong recovery from the recession in the domestic economy, the market - with an estimated value of US dollars USD1.1 billion - will grow robustly in the following years, according to market research company Frost & Sullivan. Major growth areas are expected to include decorative coatings, industrial wood and auto original equipment manufacturer (OEM) coatings. "Industrial paint, ...
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