European Coatings Journal - 16.09.2022 | Jorge Prieto | MARKET REPORT


The war in Ukraine has turned the fragile global recovery on its head, triggered a devastating humanitarian crisis, driven up food and commodity prices, slowed global growth, and exacerbated inflationary pressures around the world. From one day to the next, Ukraine - a reliable raw materials supplier of important basic chemicals such as ammonia, titanium ore (ilmenite) and sulphuric acid - was gone, and that further aggravated the raw materials situation in the global coatings and chemicals industry. Ammonia's importance to the coatings and raw materials industry should not be underestimated, as it is used to produce urea, nitric acid, ...
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