Research Organization Reports Increase in European Coatings Production in May
MAINZ, Germany — According to research by CHEM Research, a business-to-business market research and consulting organization focused on the paint and coatings, adhesives, and sealants industry, data show a recovery for the European paint and coatings production in May 2020, while production in Germany is close to the level reached in April.
The organization reports that in May 2020, paint and coatings production showed different growth patterns when comparing Germany with the EU27 economic area. The German production index rose to 81 points – a slight improvement. In contrast, the EU27 index rose to 87.9 points. However, for both indices this means a decline of about -15% from the previous year’s level.