IRAN PAINT INDUSTRY THRIVES, DESPITE THE THREAT OF NUCLEAR CONFRONTATION
November 1st, 2007
BY MARK ROWE and PAUL COCHRANE
IT is something of an understatement to describe Iran as a peripheral player on the international paint scene. The country's share of the world market in paints and varnishes in 2007 is, according to research analysts Gobi International, just 0.5%. And yet a general consensus is emerging that this is a market that has grown at a formidable rate in recent years.
Gobi International calculates that Iran's domestic paint and varnishings industry has grown by 14% since 2005. In that year, the market was worth US$1.1 billion and by the ...
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