Polyester Coatings Market to Benefit From Africa’s Construction Boom and Economic Growth

A new analysis of the global polyester coatings 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