Raw material prices surge for paint manufacturers

ILC ARTICLE

12th July 2021

The British Coatings Federation’s (BCF) latest statistics confirm further sharp increases in raw material prices for paint and ink manufacturers.

Higher prices for a range of critical solvents are just one area of concern for paint manufacturers with increased costs for resins, some pigments, extenders, and packaging also causing major problems for manufacturers.

The impact of the price increases differs across the coatings industry due to the mix of raw material types and their use in each sector. On a weighted average basis, BCF estimates raw material prices for paints and coatings to have increased by 15-35% in the last year.

The Federation expects current availability issues to continue throughout the rest of 2021.