As we reach the mid-point of 2024, there are a lot of questions surrounding market strength, trends, and challenges in the coatings industry. PCI recently interviewed Renata Rodrigues, Head of LANXESS Inorganic Pigments Americas, to get her input on the current state of the pigments segment of our industry.
The textile coatings market is witnessing substantial growth. Technological advancements are driving the demand for textile coatings in various end-use industries such as transportation, building and construction, protective clothing, industrial, medical, and other industries.
The rapid growth of the automotive EV sector, growing urbanization, increasing disposable income, and increasing gross domestic product drive the powder coatings market, according to the report from MarketsandMarkets.
While the company saw a decline in revenue over sales generated in the same quarter of the previous year, the gross profit margin of 15.3%, was similar to Q1/2023.
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.
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