PHILIPPINES STRONG ECONOMIC GROWTH AND INFRASTRUCTURE BUILDING PROGRAMME BOOSTS PAINT INDUSTRY

Demand for coatings in the Philippines is being boosted by a mix of factors, leading the Philippine Association of Paint Manufacturers (PAPM) to forecast 8% year-on-year growth in paint and coatings production volumes this year (2018), to 387 million litres. In terms of sales value, market researcher Frost & Sullivan estimates the Philippines coatings market at more than USD1 billion in 2017, with a projection for USD1.53 billion by 2019.. The most obvious driver for demand is that the Philippine economy continues to be among the fastest-growing in Asia, ...


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