DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/2fc6297d/competitive_benchm) has announced the addition of Frost & Sullivan's new report "Competitive Benchmarking of Decorative Coatings Companies in Asia Pacific" to their offering.
Asia Pacific Decorative Coatings Market to Benefit from Dynamic Economic Changes in the APAC Region between 2010 and 2012
Competitive Pricing and Joint Ventures to Further Escalate Decorative Coatings Sales
The APAC decorative coatings market was valued at $14.10 billion in 2010 and is estimated to reach $18.2 billion in 2012. Experiencing steady progress with a projected compound annual growth rate (CAGR) of 13.5 per cent from 2010 to 2012, the APAC region has outperformed the global market in both volume and value. Increasing infrastructure investment by emerging Asian countries such as China, India, Indonesia, and Vietnam due to their large population and the pace of infrastructure development will put a positive spin on the decorative coatings industry.
Given the slow growth in Western countries, many companies are focusing on volume sales, thereby increasing scope in the APAC region. Further, leading decorative coatings companies are eyeing the APAC region, as it shows tremendous potential with double-digit growth rates. Meanwhile, the equally low domestic consumption indicates vast untapped potential.
However, some countries have distinct methods of device classifications and their processes may not be transparent, making it hard for international decorative coatings companies to conduct business therein. International market penetration will be challenging due to the current political tensions, fluctuating currencies, disasters in Indonesia and Japan, and the complicated regulatory processes, notes the analyst of this research. In addition, the APAC decorative coatings market is likely to be affected by the continued economic uncertainty, volatility of the oil prices, and the limited supply of key raw materials in the APAC and the rest of the world.
Key Topics Covered:
- 1. Executive Summary
- 2. Market Overview
- 3. Macroeconomic Outlook
- 4. External Challenges: Market Drivers and Market Restraints
- 5. Forecasts and Trends
- 6. Market Share and Competitive Analysis
- 7. Megatrends and Industry Convergence Implications
- 8. Conclusion and Recommendation
- 9. Appendix
For more information visit http://www.researchandmarkets.com/research/2fc6297d/competitive_benchm
Source: Frost & Sullivan