Almost every industrial sector relies on paint; from aerospace and construction to electronics, marine, medical, pharmaceutical, textile, and vehicle manufacturing, to name a few. In recent months, however, disruptions to the global supply chain have seen costs rise significantly.
The additives arena has been hit particularly hard, with escalating raw material costs, energy price rises, and stringent legislating, combining in a perfect storm. This has put significant pressure on some of the industry’s best-known brands, who are struggling to adapt quickly enough to an ever-changing marketplace.