The marine coatings market experienced growth in 2010, driven primarily by strong newbuild activity in the shipping industry. However, raw material prices continue to challenge manufacturers in 2011.
Although 2010 continued to present difficulties for suppliers to the coatings industry, there were some indications of recovery. Resins suppliers interviewed by Coatings World reported some positive news.
Coatings World recently spoke with a number of surfactant suppliers to the coatings industry regarding the state of the market. Among the topics discussed were raw material costs, “green” chemistry and opportunities for growth.
Fueled by an increased interest in the DIY segment, as well as the development of higher performance waterborne formulations, the wood coatings market has shown some tentative signs of recovery.