The results show asolid second quarter despite signs of demand weakness. The second quarter 2023 net sales of $1.6 billion were 14% lower than the prior-year quarter, driven by lower net sales in Titanium Technologies and Advanced Performance Material’s Advanced Materials portfolio.
The global powder coatings market is estimated to be ~$13 billion and ~2.8 million MT in volume. It accounts for ~13% of the global industrial coatings market, and there are more than 1,200 companies involved in production and sales of powder coatings. This article discusses some of the emerging trends impacting this industry.
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.
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