by Shem Oirere
Africa Correspondent
The ongoing construction of additional housing units by Morocco’s Ministry of Housing and Urban Policy to meet the
annual demand of 150,000 units remains the
major growth driver of the North African country’s paints and coatings market according to
market analyst Frost & Sullivan.
“Housing construction plans to overcome
the shortage deficit and the establishment of
a free trade area will see increased manufacturing of coatings in Morocco,” said Richard
Weissenberg, Frost & Sullivan Business Unit
Leader Chemicals, Materials and Food-Africa.
Weissenberg, who gave a presentation on the
“African growth opportunities for the coatings industry” at the North African Coatings Congress
2016 in Casablanca, Morocco, said demand for
coatings in Morocco was estimated at $350 million in 2010 when local production was estimated
at 174,000 metric tons, figures which still give an
indication of current status of the market.
Separately, market analyst Oxford Business
Group (OBG) estimates that Morocco is constructing 170,000 housing units set for completion by the end of 2016 to reduce the country’s
current housing deficit to 400,000, driving up
further demand for paints and coatings.
“Social housing has been the main driver
of construction and real estate activity in re-
cent years, accounting for around 70 percent
of developments in 2014,” said OBG Sin its
recent analysis “State housing and infra-
structure projects in Morocco drive growth
in construction and real estate.”
“The government aims to reduce the deficit
to 400,000 units by 2016 by building an ad-
ditional 170,000 units per year,” the analysis
The ongoing
construction
of additional
housing units
by Morocco’s
Ministry of
Housing and
Urban Polidy
to meet the
annual demand
of 150,000 units
remains the major
growth driver of
the North African
country’s paints
and coatings
market.
Housing Segment to Drive
Morocco’s Coatings Market
