GERMAN PAINT SECTOR FACES UP TO SLUGGISH YEAR-ON-YEAR GROWTH
January 30th, 2022
Continuing supply chain problems, worsened by Covid-19, and price hikes for raw materials have depressed the outlook for sales faced by the German paint business in 2021. Germany’s Verband der deutschen Lack- und Druckfarbenindustrie (VdL), the industry association for coatings, paints and ink production, predicts that overall sales will have fallen 4% in 2021 compared to 2020, partly because because 2020’s DIY boom, fuelled by pandemic lockdown orders, has run out of steam.
The second half of 2020 saw a significant rise in demand for architectural colour ...
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