Kazakhstan annually consumes 90,000-120,000 tons of coatings and prior to 2015 most market participants have forecasted strong growth of approximately 6-8 percent per year. However, the collapse of global oil prices provoked a crisis in the country with reduced investment activity throughout the entire economy. As a result, demand for coatings is declining and most important market trends of the past years have reversed, forcing local firms to adapt to a quite new conjuncture.
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