New Study Reports Decrease in Demand for Paints and Coatings in First Half of 2020
MAINZ, Germany — In the first six months of 2020, the global market lost about 9% in value, while the top 11 global producers lost over 10% in sales revenues compared to 2019. Companies serving the decorative paint market fared better than suppliers focused on industrial coatings.
CHEM Research, a specialized market research and consultancy firm, completed a recent analysis of the growth of the global market for paints and coatings in the first half of 2020. In this context, close attention was paid also to the sales performance of the top 11 global public companies that serve about 50% of this market.