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Frost & Sullivan: Nigeria Set to be a Lucrative Market for Industrial Paints and Coatings Manufacturers

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6 Pages
English

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Frost & Sullivan: Nigeria Set to be aFrost & Sullivan: Nigeria Set to be a Lucrative Market for Industrial Paints and Coatings Manufacturers PR Newswire CAPE TOWN, South Africa, March 18, 2014 -- Along with Kenya and South Africa, the country is seeing rapid infrastructure developments that create demand for paints and coatings The increase in infrastructure and maintenance spending by the private and public sector in South Africa, Nigeria, and Kenya is lending momentum to the industrial paints and coatings market in these countries. Nigeria presents the most opportunities due to the Government's success in stimulating private and public involvement in development projects, such as the landlord management model, introduced in 2006, to enable private companies to handle operations at Nigeria's ports. With the expected rollout of several new development projects by the Government as well as private players, the local production capacity utilisation of paints and coatings in Nigeria will increase significantly from its 2010 level of 35 to 40 percent. New analysis from Frost & Sullivan, Analysis of the Industrial Paints and Coatings Market for South Africa, Nigeria and Kenya (soon to be released), finds that the sales volume of industrial paints and coatings across the three countries stood at 101.2 million litres in 2012. This is estimated to reach 142.1 million litres in 2017. The study covers wood, powder, can and coil, marine, and industrial protective coatings.

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Published 18 March 2014
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Language English

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Frost & Sullivan: Nigeria Set to be a Lucrative Market for Industrial Paints and Coatings Manufacturers

PR Newswire

-- Along with Kenya and South Africa, the country is seeing rapid infrastructure developments that create demand for paints and coatings