The paint and coating industry of Bangladesh is rapidly growing due to the increasing demand of the construction sector. Manufacturing in the binuclear paint industry of Bangladesh mainly takes place in megacities like Dhaka and Chattogram. This industry has virtually doubled in size over the last 10 years. A study on the industry states that approximate market size based on demand is estimated at USD 4.35 Billion (approx.).
In Bangladesh, the annual consumption of paints currently stands at about 180,000 tones. The sector recorded an over 6 percent year-on-year growth in recent times due to the rapid urbanisation in a country of around 167.8 million people. The experts and real estate sector leaders believe local and foreign investments have enabled the paint industry to achieve an annual growth of around 7-8 percent on average.
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