According to BlueQuark Research & Consulting, Paints & Coatings industry in Myanmar is expected to witness a significant growth rate during the forecasted period. The major market drivers and restraints are covered in the study.
Further, analysis of the major end-uses of paints & coatings in Myanmar is also discussed - including architectural coatings, automotive coatings, wood coatings, packaging coatings, marine coatings, among others.
Myanmar Macroeconomic Factors:
According to the International Monetary Fund, the real GDP growth rate of Myanmar is estimated to reach at -8.9% by the end of 2021 and forecasted to reach at 5% by the end of 2026.Automotive Segment:
Myanmar automotive production output registered at 10.75 thousand units in 2020 compared to 15.5 thousand units in 2019, with a year-on-year growth rate of -30.61%.
Myanmar Paints & Coatings Trade Scenario:
Myanmar paints & coatings imports and exports valued at USD 4.07 million and USD 0 million in 2020 compared to 4.73 million and USD 0 million in 2019.
BlueQuark's Myanmar Paints & Coatings Industry Outlook briefing report provides concise insights into the Myanmar's current and future state across the country that is essential for anyone wanting to gain a quick and comprehensive understanding of the industry.
This report also offers an extensively researched competitive landscape section with profiles of prominent companies.
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Myanmar Paints & Coatings Industry in USD Million, 2017-2027
Myanmar Paints & Coatings Industry - Market Dynamics, 2021-2027
Myanmar Paints & Coatings Industry - Supply Chain Analysis
Myanmar - List of Notable Paints & Coatings Companies in China
Other Supporting Charts
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