SOUTH KOREAN COATINGS SECTOR KEEPS GROWING, AMIDST MIXED OUTLOOK

The business outlook for South Korea’s coatings manufacturers was a mixed bag last year, with demand from some key buyers, such as construction, original equipment manufacturers (OEMs) and automakers, slightly increasing, but demand from shipbuilders has fallen. According to estimates made by Kusumgar, Nerlfi & Growney Inc, a New Jersey, USA-based consulting firm for the polymer and chemical industries, consumption of coatings in South Korea in 2014 reached 1.8 billion wet formulated pounds, valued at USD3.3 billion.“Through evaluating building permits ...


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