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Global Demand

June - 2014
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The global demand for paints and coatings is growing, according to a recently published study by the market research firm Transparency Market Research. The expected growth of 5.4 %per year between 2013 and 2019 is mainly achieved through the development in Asia-Pacific. However, stringent environmental regulations for paints and coatings industry, especially in Europe are expected to restrain the growth of the market in the upcoming years. So it is no wonder that this week’s news on expansion plans take place outside of Europe. The Altana Group invests more than EUR 30 million to strengthen and grow its operations in China. Arkema announced the opening of a new laboratory in Brazil and measuring and testing equipment company Analytik Jena seeks to expand its business in the Middle East.
Reprinted from:
European Coatings Newsletter