NORDIC PAINT INDUSTRY MAINTAINS SUSTAINABILITY PUSH, DESPITE INFLATION AND SUPPLY CHAIN CHALLENGES
January 22nd, 2023
As the Nordic paint and coatings sector moves towards increasing sustainability, reducing its carbon and other emissions, including volatile organic compounds (VOCs), the region’s market is facing significant challenges. Inflation of prices for finished products is dampening demand – annual inflation in Sweden in December was 12.3%; Norway 5.9%; Denmark 7.7%; and Finland 9.1%. These price rises have especially hit the cost of coatings raw materials – a key issue for a region with two global paint manufacturing giants: Norway’s Jotun and Denmark's Hempel. ...
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