Asia Pacific Report

摘要

The Asia-Pacific region is rapidly expanding, fueled by a growing economy and emerging middle class. This growth is driving demand for many building and industrial materials, including paints and coatings. According to market research firm IRL's report "A Profile of the Asia-Pacific Paint Industry," the total market for paints and coatings was 21.4 million tons in 2013, and is forecast by IRL to increase to 29.2 million tons by 2018; this is equivalent to an average annual growth rate of 6.4 perecent in the medium term.