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.
The results show consolidated net sales increased 6.3% in the quarter to a record $6.24 billion, and net sales from stores in United States and Canada open more than 12 calendar months increased 9.5% in the quarter, among other key takeaways.
"Overall, we have recorded significant improvement in margins, both sequentially as well as on year‐on‐year basis, aided by strong efforts on driving operational, formulation and sourcing efficiencies and supported by easing inflation in raw material prices,”said Amit Syngle, Managing Director & CEO of Asian Paints Limited.
In an exclusive interview with PCI Magazine, Dan Calkins, Chairman and CEO of Benjamin Moore & Co., discusses leading his business through the extreme challenges of the last four years, and chasing the “new normal” in the paint and coatings industry.
PCI’s annual ranking of the top 25 North American paint and coatings manufacturers, based on 2022 coatings sales. Sales of non-coating products are not included.