Industrial Coatings
The industrial coatings market has yet to return to pre-recession levels of growth, but
certain areas such as the oil and gas segments offer good opportunities.
by Kerry Pianoforte, Associate Editor
The industrial coatings market performed relatively well over the past year. “Like most aspects of the coatings busi- ness, we experienced a dip in demand for industrial coat-
ings,” said Jeff Spillane, senior product manager, Complementary
Coatings Corp. “A positive feature of the industrial business,
however, is that the coatings are typically used for protection and
durability and less for aesthetics. This has kept the demand for
industrial coatings higher versus architectural coatings.”
“Despite the difficult financial situation in many areas of
the world, the market for industrial coatings performed rea-
sonably well overall due to the fact that there are still segments
and markets that are experiencing high growth,” said Dimitris
Likouressis, group marketing manager at Hempel. “As the
Hempel Group has a global presence, it is in a position to min-
imize the risks from underperforming markets and to explore
emerging market opportunities.”
Hempel reports that it is experiencing significant growth, in-
line with its ambitious 2011-2015 strategy. “With well selected
acquisitions and organic growth, Hempel will maintain its posi-
tion as one of the key players in the protective coatings market,
focusing on innovative solutions generated by its ten R&D cen-
30 | Coatings World
www.coatingsworld.com
June 2012
