Coatings and adhesives market potential of East Africa staggering(11/1/2010)

Despite the global economic downturn and the constraints and conflicts between countries in the region of negative factors, coatings and adhesives in East Africa still demonstrated a remarkable market potential for development. For investors, Asia, North America and Europe compared to the investment environment, investment in East Africa, coatings and adhesives industry will face fewer restrictions on market competition and lower the threshold.
According to Frost & Sullivan (Frost & Sullivan) newly released "East Africa Analysis coatings and adhesives markets," said the 2009 East Africa automotive coatings market has reached 196 million, is expected to market size in 2016 is expected to exceed 270 million dollars. At the same time, the adhesive in the region in 2009 was 156 million market size, 2016 is expected to reach 217 million.
With the heavy industry and economic development in East Africa on the rise, coatings and adhesives is the region showing strong vitality; in the policy, the implementation of the East African countries in recent years are positive trade incentives, to develop cross-border multilateral trade, a series of initiatives East Africa to help achieve the rapid development of industrial manufacturing. As the region's major league, the East African Community (The East Africancommunity) through local resources to create more business opportunities to achieve to promote local economic development opportunities, this policy-driven, is conducive to keep strengthening investor confidence in the region.
In economic development for the better, but also should be noted that some negative factors, including the gradual increase in recent years into electricity prices and local taxes, as well as the import prices of industrial raw materials have also shown a rising trend. In the future, the limited dealer network and local relative lag in transport and logistics solutions, will become an obstacle to trade development in the region a major factor.
(Author Mosaic and Tile, China Leiyuan 11/1/2010)

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