Paint and Coating Market Reports

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A recent market report from RatonalStat anticipates the global anti-bacterial nanocoatings market to surpass US$ 4,466.2 million by 2030, observing a growth rate of over 21.8%, annually.

The specialty coatings market’s projected growth is driven by technological innovation, environmental consciousness, and industry-specific demands. As industries continue to seek tailored solutions for their unique challenges, the market is set to play an increasingly pivotal role in shaping the future of numerous sectors worldwide. This Global Market Insights market report details the current and future market drivers. 

Commercialization of 3D printing, the increase in popularity of electric vehicles (EVs), and climate change-related challenges are highlighted as three major global trends affecting coatings industry growth and leading innovation efforts.

Several coatings industry trends are powering incredible innovations in manufacturing and materials science, from green coatings to self-cleaning coatings and more.

The results are broadly in line with expectations. The business of Brenntag Specialties was again affected by negative volume developments and price pressure. 

Evonik’s group sales fell 23% in the third-quarter to €3.77 billion. Sales volumes declined by 5%, and prices by 6%.

In the third-quarter of 2023, Westlake achieved quarterly net sales of $3.1 billion, quarterly net income of $285 million and quarterly EBITDA (earnings before interest expense, income taxes, depreciation and amortization) of $682 million.

The company’s sales amounted to €15.7 billion, down by €6.2 billion compared with the prior-year period. The decline was reportedly due to considerably lower prices, primarily in the materials, chemicals, and surface technologies segments.

For 2023, AmCoat’s Floor Shield brand has added 14 new dealers, helping the polyaspartic floor coating company post positive results over 2022 – a 33% increase.