As the global oil prices recover, West Africa continues to experience an increase in oil and gas exploration, production and storage equipment and infrastructure, a large share made of steel that is being installed in extremely harsh deepwater environments. This has raised the demand for corrosion protection paints and coatings such as polyurethanes, acrylic, polyesters, epoxy and alkyd for maximum performance of the installations.
Nigeria powers ahead as being the largest economy in Africa. As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the continent’s second-largest economy. The debate between the two largest economies in Africa, South Africa and Nigeria, has finally been settled. Both the official naira rate of 306 per dollar and the weaker market exchange rate of around 360 that almost all investors use put Nigeria tops.
Nigeria’s Automotive Refinish Coatings Market On Growth Path