GERMAN COATINGS SECTOR FACED WITH WEAKENING DEMAND AND REGULATORY HEADACHES
January 22nd, 2023
The newest data released by the German Paint and Printing Ink Association (VdL) shows the fortunes of the German coatings sector were, in 2021, closely tied to the Covid-19 pandemic and increasing price of raw materials globally – causing weak short-term growth and an anticipated contraction in 2023. While the sales volume of construction paints and print inks dropped by 4% and 10% year-on-year respectively, that for industrial coatings grew by only 2%, said the VdL (Verband der deutschen Lack- und Druckfarbenindustrie), with total paints, coatings and inks ...
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