The architectural coatings sector in Europe has hopes for a much brighter future in the longer term because of two recent pieces of European Union legislation.
One of the attractions of the European automobile sector to coatings producers and their raw material suppliers is that a strong presence in the region’s OEM segment offers opportunities for sales stimulated by demand outside Europe.
European coatings companies are becoming more cautious about their short- to-medium term financial outlook in the light of gloomy predictions of, at best, low- growth in much of Europe.