13-14 Oct, 2010 - Ho Chi Minh City, VIETNAM
Mövenpick Hotel Saigon
Mövenpick Hotel Saigon
SINGAPORE, May 30 /PRNewswire/ -- The Asia Pacific paint and coatings market is growing in line with the robust economic growth seen in the region. In 2008, the paint and coatings market in APAC was valued at USD40.1 billion with a volume of 13.6 million tonnes (or approximately 11 billion litres). This makes up roughly 30-35% of the global paint industry.
In the last 5 years, the APAC paint market enjoyed a compounded annual growth rate (CAGR) of approximately 15 per cent. However, effects of the economic slump hit the market in the second half of 2008 continuing into the first half of 2009. Industry players only started to see a positive rebound in late 2009.
Overall, in 2009, the market is estimated to have only recorded marginal growth. The negative growth seen in most countries has been buffered by the positive growth coming from China and India. Industry players are positive and confident on seeing positive growth numbers in 2010 and 2011.
According to Frost & Sullivan's Program Manager of Chemicals, Material and Food Practice Sheila Senathirajah, within ASEAN, the two key hot spot markets are currently Vietnam and Indonesia. These countries have not been hit as hard as other ASEAN countries as it has a relatively lower share of advanced manufacturing with its growth stemming from domestic demand.
"The growths of Vietnam and Indonesia are expected to remain positive over the coming two years. These countries have begun to show high growth potential with double-digit growth rates and equally low domestic consumption. There is much opportunity in terms of volume sales exist in these countries," she adds
Source: Frost & Sullivan | on Sunday May 30, 2010, 11:55 pm EDT http://finance.yahoo.com/news/A-New-Colour-for-the-Asia-prnews-1199064452.html?x=0&.v=1
In view of the above, those seeking more insights on latest developments on the Vietnam and /or Indonesia plus other Asian markets will be pleased to know that CMT’s is organising 11th Asia Coating Market in Mövenpick Hotel Saigon, HCM City, Vietnam on 13-14 October.
For more information on what we have lined up for this conference, click here.
This year’s annual 11th Coatings Asia Markets will address current industry’s concern of ‘tackling the margin squeeze and raw material challenges’. The highly anticipated event takes place on 13 – 14 October in Ho Chi Minh City, and is expected to attract paint and coatings professionals from across the globe.
Last year’s annual meet hosted in Singapore was a success. The event was attended by big players like, PPG, Nippon Paint, AkzoNobel, BASF, DOW, Exxon, Huntsman, Jotun, Hempel and was highly rated by participants, as evident from testimonial statements below:
11th Coatings Asia Markets is a CMT annual conference meet that offers market updates and networking opportunities for the global paints and coatings industry. Watch out for our updates as we put together top profile speakers and sessions for the 11th Coatings Asia Markets.
In the meantime, mark the dates 13 – 14 October on your calendars, or send in your pre registrations for 11th Coatings Asia Markets today.
