The industrial coatings market is beginning to recover from the recent economic downturn. The strengthening global economy has led to an increase in newbuilding and maintenance in both the private sector and public works projects.
“In the protective and marine segments that we serve, we have seen positive growth over the past year due to the continued global economic recovery and increased activity in the industrial sectors,” said Narsi Bodapati, vice president marketing, Sherwin-Williams Protective and Marine Coatings.
Overall the industrial coatings market experienced growth, with some segments performing better than others. “There were quite a few delays in some projects in specific segments, however other areas were less influenced by the financial crisis,” said Dimitris Likouressis, group protective marketing manager, Hempel.
“Energy demand and supply regardless if it is based o
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