Paint and Coating Market Reports

RSS

The new report from Allied Market Research shows that economic growth, urbanization, and increasing construction activities continue to drive demand in flooring, furniture, doors, windows, and other architectural woodwork.

According to Persistence Market Research's projections, the global marine coatings market is expected to surge ahead at a CAGR of 8.2% through 2033.This article delves into the significance of marine coatings, their composition, application methods, and the latest advancements aimed at enhancing protection and performance in the maritime industry.

Although the company saw a decline in sales over the previous year, it maintains that this was mainly driven by considerably reduced prices as a result of lower raw materials and energy prices in almost all segments, as well as lower precious metal prices.

Participants in the can coating market must leverage innovation, embrace sustainability, and foster collaboration to capitalize on emerging opportunities and surmount challenges. Advanced coating technologies have emerged as pivotal drivers of innovation within the sector, re-shaping packaging requirements and standards.

The company reported that both consolidated net sales and standalone net sales were up for its fiscal year, which ended March 31, 2024.

Formulators can now harness the power of digital platforms to support informed decisions, accelerate innovation, save time, conserve resources, and enhance efficiency. This article offers insights into achieving digital transformation in a traditional industry, including strategic vision, team building, governance, talent development, and value demonstration.

Results included record first quarter Housing and Infrastructure Products (HIP) income from operations, and Performance & Essential Materials (PEM) sales volume growth. 

The company was able to increase its sales volumes, in particular within the EMLA and APAC regions, with the former benefiting from higher plant availability. Due to lower average selling prices associated with lower raw material prices being passed on to customers, sales fell slightly.

The company reported a net sale decrease compared to the prior year first quarter but delivered consolidated sales within its guided range.

According to the CEO, "Dow once again delivered top-quartile performance in our annual benchmarking on three-year average cash flow, margins, return on invested capital and shareholder remuneration."