According to BlueQuark Research & Consulting, Paints & Coatings industry in Philippines 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 Philippines is also discussed - including architectural coatings, automotive coatings, wood coatings, packaging coatings, marine coatings, among others.
Philippines Macroeconomic Factors:
According to the International Monetary Fund, the real GDP growth rate of Philippines is estimated to reach at 6.9% by the end of 2021 and forecasted to reach at 6.5% by the end of 2026.Automotive Segment:
Philippines automotive production output registered at 67.3 thousand units in 2020 compared to 95.09 thousand units in 2019, with a year-on-year growth rate of -29.23%.
Philippines Paints & Coatings Trade Scenario:
Philippines paints & coatings imports and exports valued at USD 8.39 million and USD 1.56 million in 2020 compared to 7.21 million and USD 1.56 million in 2019.
BlueQuark's Philippines Paints & Coatings Industry Outlook briefing report provides concise insights into the Philippines'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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Philippines Paints & Coatings Industry in USD Million, 2017-2027
Philippines Paints & Coatings Industry - Market Dynamics, 2021-2027
Philippines Paints & Coatings Industry - Supply Chain Analysis
Philippines - List of Notable Paints & Coatings Companies in China
Other Supporting Charts
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