PUTTING ON A BRAVE FACE – JAPAN’S COATINGS SECTOR INVESTS ABROAD AS DOMESTIC SALES FACE DECLINE
August 1st, 2017
JAPAN’S paint and coatings sector is putting on a positive face and playing up overseas expansion efforts, as well as its traditional strength in innovation, but analysts are concerned about the longer-term outlook for domestic companies.
Sales of paint in Japan came to Japanese Yen JPY 675 billion (USD6.10 billion) in 2016, a marginal increase of around 1% on the previous year's figure, according to the Japan Paint Manufacturers Association.
Exports by volume stood at 99.8% of the total for 2015, although that figure was more than offset by overseas ...
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