Paint and Coating Market Reports

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Consolidated sales in Q2/2023 totaled 269,232 million KRW, gross profit margin was 8.3%-points lower in Q2/2023 than in Q2/2022, and net profit in Q2/2023 was 11,956 million KRW.

Compared with the same period last year, adjusted EBITDA fell by 38 percent. Evonik already published preliminary figures for the second quarter on July 10.

The company showed a solid performance in the second quarter of 2023, despite adverse market conditions.

The results show a solid second quarter despite signs of demand weakness. The second quarter 2023 net sales of $1.6 billion were 14% lower than the prior-year quarter, driven by lower net sales in Titanium Technologies and Advanced Performance Material’s Advanced Materials portfolio.

In a weak economic environment, the company achieved its EBITDA-guidance for the second quarter of 2023 of EUR 330 million to EUR 430 million.

The global powder coatings market is estimated to be ~$13 billion and ~2.8 million MT in volume. It accounts for ~13% of the global industrial coatings market, and there are more than 1,200 companies involved in production and sales of powder coatings. This article discusses some of the emerging trends impacting this industry.

The company had a sales decline by 24.7% to €17.3 billion, and EBIT before special items was down by €1.3 billion to €1.0 billion.

The housing and infrastructure products segment provided earnings stability according to the company's quarterly release. 

The market for architectural coatings is projected to grow from $85.1 billion in 2023 to $102 billion by 2028, at a CAGR of 3.9%. Read about key factors that provide market players with growth opportunities, as well as the potential challenges players could face during the forecast period.

Opportunities created by rising infrastructure initiatives, the booming super and hypercar sectors, and consumer electronics sales are likely to fuel the pressure-sensitive adhesive market size over 2023-2032.