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Jens Kastner reports on how Philippine coatings manufacturers have good prospects but are facing short term demand restrictions
The Philippines paint and coatings sector may be growing robustly – at an average of 6.5-7% over the past two years to reach US$900M in 2018, according to market researchers Frost & Sullivan – but the local manufacturers think they could do a lot better. Industry executives talking to ACPJ have noted the delayed approval of the Philippines’ 2019 national government budget until April, which put several public work projects on hold. Also, a mandatory public works project ban was put in place from March until the midterm elections in May, halting existing projects and preventing the approval of new ones.
Read the full report here: The Philippines 2020
