PHILIPPINES’ ROBUST ECONOMY MEANS PAINT SECTOR HAS POSITIVE OUTLOOK FOR FUTURE
February 1st, 2012
BY MARK ROWE
WHILE the Philippines remains a small player in the wider Asia-Pacific paint and coatings market (at least compared to regional giants China and India), the country appears to be punching above its weight in terms of growth and innovation. Even though the Philippines accounts for just 2% of the total Asian paint and coatings market, the industry in the archipelago generated revenues of US470 million in 2011, according to analysts Frost & Sullivan. And the Philippines market is believed to be growing at an annual rate of 3% from 2011 to 2013. ...
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