BUILDING BOOM SAVES SOUTH KOREAN COATINGS SECTOR AS AUTO AND SHIP SECTORS SLUMP
February 1st, 2016
Considering the ongoing doldrums within the global economy, 2015 was not a bad year for South Korea’s coatings manufacturers. The sector’s cautiously positive sentiment mainly survived because Korean coatings consumption has been boosted by a domestic construction boom that made up for lacklustre demand from the east Asian export powerhouse’s carmakers and shipbuilders. According to estimates made by Kusumgar, Nerlfi & Growney Inc, a New Jersey, USA-based consulting firm for the polymer and chemical industries, the consumption of coatings in South Korea ...
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