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The demand for paint and coatings is expected to boost raw materials and finished products suppliers in Sub-Saharan Africa, according to business research and consulting firm Frost & Sullivan.
The company said its research on the Sub-Saharan Africa infrastructure chemicals and materials market had shown that the market, worth US$524M in 2010, would reach US$612M in 2017. The research mainly covered South Africa, Kenya and Ghana.
The expected rise in demand for paints and coatings is also indicative of the level of construction activities. The main infrastructure chemicals and materials used in Sub-Saharan Africa include paints and coatings, waterproofing, thermal insulation, sealants and grouts.