SOUTH AFRICAN PAINT AND COATINGS SECTOR ANTICIPATES ROBUST GROWTH, DESPITE SOME REGULATORY AND INGREDIENT CHALLENGES
February 1st, 2018
SOUTH Africa’s paints and coatings market will grow a cumulative 40% to South African rand ZAR9.77 billion (USD823 million) between 2016 and 2021, driven by continued construction and urbanisation, according to new figures.
Statistics supplied by market researcher Euromonitor International have forecasted that the country’s home paints market will grow from ZAR3.48 billion (USD293.3 million) to ZAR4.88 billion (USD411.5 million) during this five-year period. Within this market, the decorative paint segment’s sales will increase from ZAR3.08 billion ...
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