by Shem Oirere
Africa Correspondent
Anew analysis of the global polyester coat- ings market predicts substantial growth in 2014 through to 2015 on the back of
increased government and private investment in
the building and construction industry.
Market analyst Transparency Market
Research (TMR) said in mid-August the anticipated “Increasing investment in infrastructure
building is expected to drive the polyester market” for the next six years.
“Governments bodies are investing heavily
in improving overall infrastructure of thier own
countries. These infrastructure projects include
domestic as well as industrial and transportation infrastructure,” said TMR in its analysis of
the global polyester coatings market forecast
for 2014-2020.
Although it has not been ranked among the
top polyester markets in the report, sub-Saharan Africa is one region where increased infrastructure spending will drive economic growth,
which could trigger expansion of the polyester
coatings market.
Analysts say the region’s economy is expected to grow up to 5. 5 percent this year up from
4. 9 percent last year.
The International Monetary Fund said in
its latest ‘Sub-Saharan Economic Outlook’ that
“several countries stand to reap the benefits
of investments in transport and telecommunications, an expansion of production capacity
(most notably in extractive industries and energy generation), and/or rebounds in agriculture.”
“Economic activity in the region continues
to be underpinned by large investments in infrastructure and mining and maturing investments. Current account deficits look to remain
elevated, including due to the ongoing high
Anticipated
increased
investment in
infrastructure
building is
expected to drive
the polyester
market for the
next six years,
according to a
recent market
report.
Polyester Coatings Market to Benefit From
Africa’s Construction Boom and Economic Growth
