SOUTH KOREAN COATINGS BUSINESS FACING INDUSTRY SEGMENT WEAKNESSES BUT GROWTH IN ECO-PAINTS
January 1st, 2017
The South Korean coatings market, estimated by Kusumgar, Nerlfi & Growney Inc, a New Jersey, USA-based consulting firm for the polymer and chemical industries, at 840,000 tonnes worth USD3.5 billion in 2016, has been challenging for suppliers in 2016-17, as demand is affected by two opposite trends.
Whereas residential construction growth meant there was strong demand for architectural paint, the demand for industrial paint, mostly from the automotive and shipbuilding industries, struggled as both industries faced difficulties.
According to UK-based market ...
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