Paint and Coating Market Reports

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The results show revenue is up compared to Q2 last year, but on the half-year, revenue is flat, pushing the company towards the lower end of its year-end guidance. 

Strong performance in the Paint Stores Group led the company's results, maintaining expectations, however the Consumer Brands Group continues to be impacted by lower DIY demand. 

"As we execute on various enterprise growth initiatives and capitalize on our technical and service capabilities, we expect positive momentum in driving improved sales volumes will broaden within our business portfolio," said company Chairman and CEO, Tim Knavish.

According to SkyQuest, the global, adhesives and sealants market size was valued at USD 67.48 billion in 2022 and is poised to grow at a CAGR of 6.0% through 2031. 

Evonik delivered another strong quarter, exceeding analysts' expectations. Based on preliminary and unaudited figures, the company achieved an adjusted EBITDA of €578 million in the second quarter, 29% above the prior-year.

First quarter results reveal that consolidated and net sales are both down, attributed mostly to lower demand. In addition, the decorative business saw a revenue decline due to price cuts, according to the company. 

Continuous advancements in machine learning algorithms and big data analytics empower chemical manufacturers to extract valuable insights from large datasets. The market is predicted to grow at a 28.8% CAGR through 2034.

The J.D. Power Paint Satisfaction Study^SM examines key drivers of satisfaction among customers who purchased and applied interior paint, exterior paint, interior stain, and/or exterior stain. Which brands and retailers ranked highest in terms of overall customer satisfaction? Read the results of the 2024 study to find out.