FORECAST FOR THE TURKEY PAINT MARKET SEES CONTINUED GROWTH, DESPITE SETBACKS
July 1st, 2011
BY PAUL COCHRANE
TURKEY'S USD2 billion paint market may be forecast by manufacturers to grow between 12% and 13% this year on the back of a resurgent construction sector; however, paint exports are currently struggling. This is because of a combination of lacklustre market demand in Europe along with the troubles companies are facing in terms of implementing European Union (EU) regulations required as Turkey meshes with the EU's REACH chemical control system. With total Turkey annual paint production estimated at 800,000 tonnes, with current capacity utilisation ...
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