Africa
Africa’s Market Potential Unveiled at
East Africa Coatings Forum
East Africa
Coatings
Congress, Part III
by Shem Oirere
Africa Correspondent
Africa’s paints and coatings industry is likely to be shaped by five mega trends that are emerging in the region and
whose impact is likely to be felt in the long-term, according to market analyst Frost and
Sullivan Africa.
The analyst’s Chemicals and Food Business
Unit leader Richard Weissenberg told participants at the inaugural East Africa Coatings
Congress (EACC) in Nairobi that urbanization and infrastructure development, energy
demand and demand resource drain, water
and food scarcity, emerging African economies and supply chain efficiencies are the
trends emerging in the region and which are
likely to greatly impact Africa’s paints and
coatings market.
He projected Africa’s urbanization rate at
more than 70 percent by 2025 with “cities like-
ly to see double fold increase in economy.”
A large market is expected to be provided by
the construction of the region’s transport corri-
dors at an estimated cost of $28 billion, accord-
ing to Weissenberg.
“Ten transport corridors are being developed across the region to improve road and
