Expogroup yet again to Lay Platform for Investment opportunities in the fast growing market of East Africa


New analysis mentions, Key Growth Opportunities in the Build, Automotive & industrial Adhesives Market in Kenya & Tanzania, finds that the market earned revenues of $156.2 million in 2014 and estimates this to reach $183.3 million in 2018. The study covers acrylics, epoxies, polyurethanes, vinyl acetates, silicones as well as other Build, Automotive & industrial adhesives.

Expogroup provides a remarkable meeting place for manufacturers, suppliers and industry consumers and eye witnesses a notable array of leading companies from the Build, Automotive & industrial sector. The expo is set to commence as follows

The 18th BuildExpo from the 2nd-4th May 2015 in Kenya and 22nd-24th Aug 2015 in Tanzania

The 18th Auto Expo from the 27th-29th April 2015 in Kenya and 27th-29th Aug 2015 in Tanzania

The 17th Indusmach from the 07th to 09th May 2015 Kenya and 23rd to 25th May 2015 in Tanzania

with an exciting lineup of both local and international companies and is an ideal platform for product launches, finding new buyers & distributors, promoting brand names & image, updating existing customers and updating oneself with the latest in the industry.

As Kenya & Tanzania are the largest, most sophisticated economies in their respective economic blocs, they serve as a strategic entry point for investors “Consequently, both countries have become hotspots for Build, Automotive & industrial adhesives manufacturers.”

The most significant challenge for Build, Automotive & industrial adhesives manufacturers, however, is the increase in the price of petroleum by-products, largely due to the shale gas boom. The use of lighter feeds in oil cracking reduces the output of materials such as propylene, benzene and toluene, all of which are major components in glue formulation. Coupled with the rising consumer demand and scarcity of the vinyl acetate monomer (VAM), these factors have driven up the price of raw materials, and subsequently the price of adhesives.

“To minimise the impact of VAM shortages and price fluctuations, build, automotive & industrial adhesives manufacturers and suppliers will need to establish strategic relationships with upstream raw material suppliers. “This will be vital as competitive pricing is key to market development.”

Additionally, build, automotive & industrial adhesives manufacturers and suppliers should strengthen cooperation with end users to obtain first-hand feedback on customer satisfaction and on-site product quality performance. As the build, automotive & industrial adhesives industry is technology-driven, it will be important to build a reputation through continuous research and development (R&D) and to educate customers on existing products and innovations.

Overall, customers have been looking to work with fewer and more capable build, automotive & industrial adhesives suppliers with technical expertise. Intense competition in terms of expertise and technologies, rather than price, has thus become a trait of the Kenyan & Tanzanian build, automotive & industrial adhesives market.

The Tanzanian build, automotive & industrial adhesives market will respond to competitive pressures through continued consolidation, wherein small- and medium-sized participants are acquired by larger entities. In Kenya, however, new participants will enter the market and existing manufacturers will expand their production capacity by at least 40 percent during the 2015-2018 period.

To sum up the to be held build, auto and Indus trade events will serve as a Key growth opportunity and comprehensive platform for international exhibitors to showcase their latest technological developments in the Industrial Sector and providing trade visitors with first hand information and experience from the best in the Industry.

Source: http://expogr.com

 


This entry was posted in African News, Kenya News, Tanzania News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *