Paint and Coating Market Reports

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The new report from MarketsandMarkets projects a CAGR of 10.8% through 2027.

As the paint and coatings industry grows, there are ample opportunities for entrepreneurs to start a painting business. Whether you choose to go the franchising route or start a business from scratch, there are various factors to consider before making the big move.

Hydrophobic coatings, designed to repel water and resist wetting, find applications in sectors such as automotive, construction, electronics, and textiles. This report by Persistence Market Research discusses the trends, opportunities, and challenges with water-repellent solutions.

The results show a solid year, and Q4 confirms positive momentum in margin expansion and deleveraging efforts that are expected to continue in 2024. 

"We delivered significant year-over-year cash flow improvement in 2023, including a strong fourth quarter finish, which underscores our ongoing prioritization of working capital management," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. 

Highlights of the results include a net sales increase of 4.9% year-over-year to $1.3 billion, a net income increase of $30 million year-over-year to $74 million, and an adjusted EBITDA increase of $43 million year-over-year to $251 million.

The report has the market projected to reach USD 498 million by 2028, at a CAGR of 5.7% from USD 377 million in 2023.

Highlights of the report include a 12% volume growth and 5.5% value growth in the company's Decorative Business segment in addition to showing a consistent double-digit volume growth trend on a four-year CGR basis.

After record-high fourth quarter net sales, full-year highlights also include record sales of $18.2 billion; aided by 3% organic sales growth.

For the full year, sales grew to a record $23.05 billion with a consolidated net sales increase of 4.1%.