Bad news for construction chemical manufacturers serving the Poland according to a new report. Annual declines in demand of 5% are forecast for 2010 and 2011. The only surprise here here is that the falls are not more severe.
"After an excellent 2004-2008, a much slower development of the Polish economy as well as drying up financial sources for buildings projects, especially in the residential sector, will give a rise to a certain correction in the Polish construction chemicals market between 2009 and 2011. The report estimates that in 2009-2011 the market’s average annual rate of change, measured in sales value, will equal -5%. The market will report the steepest declines in 2010.
The condition of the construction chemicals market could undoubtedly be enhanced by investments in new public utilities. The report suggests that constructing and further expanding schools, university campuses, libraries, sports halls, swimming pools, hospitals, museums or civil administration offices will be the most dynamically developing arm of the non-residential sector and, to a large extent, will compensate for the loss in the property developing residential construction."
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