Kerry Pianoforte04.06.09
The global recession has had far reaching consequences, impacting housing starts, construction and consumer spending. This economic downturn has slowed demand for paint and coatings and as a result, resins.
"Whether you look at paint manufacturers, big-boxes or independent retailers, the market for paints is down, thus, the market for resins is down as well," said Craig Mitchell, marketing manager for paints and coatings, Celanese Emulsion Polymers. "Both the slow economy and lower new home construction rates have impacted businesses throughout the supply chain. In 2008, we witnessed the downturn in the U.S. and in 2009 we see that Mexico and Canada are following closely behind."
"The economic downturn has lowered the housing starts and general construction activity in the U.S.," said Steve Wilson, marketing manager coatings, Eliokem. "In general, consumers are controlling their spending much more than in normal periods. Both of these actions have led to a lowering of demand for architectural coatings which of course has lowered the demand for resins that are used in manufacturing these coatings."
"Whether you look at paint manufacturers, big-boxes or independent retailers, the market for paints is down, thus, the market for resins is down as well," said Craig Mitchell, marketing manager for paints and coatings, Celanese Emulsion Polymers. "Both the slow economy and lower new home construction rates have impacted businesses throughout the supply chain. In 2008, we witnessed the downturn in the U.S. and in 2009 we see that Mexico and Canada are following closely behind."
"The economic downturn has lowered the housing starts and general construction activity in the U.S.," said Steve Wilson, marketing manager coatings, Eliokem. "In general, consumers are controlling their spending much more than in normal periods. Both of these actions have led to a lowering of demand for architectural coatings which of course has lowered the demand for resins that are used in manufacturing these coatings."
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