Raw material prices increase - The new challenge for the 2021

摘要

After a year marked by the COVID-19 pandemic, the paints and coatings industry faces serious challenges again in 2021 due to the rise in raw material prices. André Vieira de Castro, CEPE Chairman talked about this issues which is affecting the industry. "As paints and coatings are mixtures of different ingredients, our industry is comparatively heavily dependent on a large number of raw materials. The price for epoxy resins has risen by 60 percent in Europe since January 2020. We also experience shortages for the colours, pigments for white (titanium dioxide), red and yellow (iron oxides) are scarce. Since last year, the prices also increased for acetone (123%), n-butyl acetate (91%), IPA (41%) and n-butanol (54%). To remain optimistic, I should probably refrain from naming other relevant petrochemical raw materials for which we encounter shortages: Polypropylene glycols, acrylic acids, acrylic resin, UV resins, polyurethane resins".