The report from Fact.MR states that the global carbon black market size is estimated to be valued at US$ 26.2 billion in 2023 and it is expected to grow at a CAGR of 6.0% to reach US$ 46.9 billion by the end of 2033.
In 2019, the coatings industry did not anticipate any problems surrounding raw material supplies and availability. Then COVID and the global supply chain crisis hit. This article offers an analysis of the current and future outlook of the raw materials market, highlighting lingering issues with raw material production, pricing, transportation, and delivery.
In an era marked by an increasing emphasis on sustainability and eco-friendliness, the coatings industry is undergoing a transformative shift. According to Global Market Insights, the spotlight is now on biopolymer coatings, a burgeoning segment that is projected to shape the future of coatings applications.
The report from Global Market Insights attributes the increase in the market to demand for enhancing the visual appeal of surfaces across various industries, from construction to automotive, and beyond.
Consolidated sales in Q2/2023 totaled 269,232 million KRW, gross profit margin was 8.3%-points lower in Q2/2023 than in Q2/2022, and net profit in Q2/2023 was 11,956 million KRW.
Compared with the same period last year, adjusted EBITDA fell by 38 percent. Evonik already published preliminary figures for the second quarter on July 10.
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.
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