SOUTH AFRICA PAINT AND COATING SECTOR FACES TOUGH ENERGY SUPPLY PROBLEMS – BUT LONG-TERM OUTLOOK IS POSITIVE
October 21st, 2023
South Africa’s paints and coatings market is expected to generate USD2.1 billion by 2026 after growing at an estimated 5.6% compound annual growth rate (CAGR) between 2021 and 2026. This is according to India-based market research and data analytics provider IndustryARC (1). The projected growth is predicated on the current rise in the country’s building and construction sector, which UK-based market researcher GlobalData say turned over USD25.5 billion in 2022 and will grow by 3% on average annually from 2024 to 2027 (2). That includes a proactive expansion ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.