TURKEY’S PAINT AND COATINGS SECTOR COULD BECOME EUROPE’S THIRD LARGEST – INDUSTRY PREDICTS
February 1st, 2014
TURKEY’S paints and coatings industry has set itself the target of becoming the third largest paints and coatings sector in Europe by 2023 as it seeks to become a key regional hub within the international industry as a whole.According to data from Turkey’s Association of Paint Industry (Boya Sanayicileri Dernegi – BOSAD), the size of the Turkish paints and coatings market reached 840,000 tonnes in 2012, with a value of USD2 billion. Growth of around 3-4% was forecast for 2013. Ahmet Faik Bitlis, chairman of BOSAD, noted that the great majority of the paints ...
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