Turkey's chemicals industry expands into global markets

Abstract

The Turkish chemicals industry has the potential for significant growth, with increasing demand coming from both domestic and global markets. The industry will need to increase production capacity and diversify its product portfolio to capture this potential. Growth in paints and coatings is likely to continue, driven by the construction of new buildings to support the Urban Transformation Law, under which 6.5 million buildings will be demolished and replaced. The majority of the chemicals produced in Turkey are sold as raw materials and intermediates to several other industries.