JAPAN PAINT AND COATINGS SECTOR HAS WEAK YEAR, BUT HOME-BASED PAINT SALES OUTLOOK IS POSITIVE
July 1st, 2016
Paint and varnish manufacturers in Japan experienced a disappointing 2015, with sluggish purchasing from the construction and automotive sectors translating into meagre 0.3% growth over the fiscal year. Analysts predict that growth will pick up in the short term, in part as a result of a spike in demand from the construction sector ahead of Tokyo hosting the 2020 Olympic Games - although industry players are concerned about the longer-term outlook for the sector.
The Japanese paint and varnishes market generated Japanese Yen JPY1.5 trillion (USD14.19 billion) ...
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