Kerry Pianoforte, Editor 03.04.19
Coatings World recently interviewed Gops Pillay, president of dispersions and pigments at BASF.
Coatings World: How did the market for paints and coatings fare overall in 2018?
Pillay: We saw modest global GDP growth in 2018 while the second half was overshadowed by weakening market sentiment and trade policy uncertainty. We also saw the paints and coatings industry turning more competitive considering the inflating raw material costs and tighter environmental regulations in key markets and so on.
CW: Did your company see an increase in revenue in 2018?
Pillay: 2018 was quite a challenging year due to FX impacts, increasing competitions and raw material price increases. Despite the challenging business environment, we are further adjusting our growth strategy moving forward to better adapt to market needs in 2019.
CW: What areas of the paint and coatings market represent the most growth opportunities for your com
Coatings World: How did the market for paints and coatings fare overall in 2018?
Pillay: We saw modest global GDP growth in 2018 while the second half was overshadowed by weakening market sentiment and trade policy uncertainty. We also saw the paints and coatings industry turning more competitive considering the inflating raw material costs and tighter environmental regulations in key markets and so on.
CW: Did your company see an increase in revenue in 2018?
Pillay: 2018 was quite a challenging year due to FX impacts, increasing competitions and raw material price increases. Despite the challenging business environment, we are further adjusting our growth strategy moving forward to better adapt to market needs in 2019.
CW: What areas of the paint and coatings market represent the most growth opportunities for your com
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