Artificial intelligence (AI) and machine learning (ML) serve to inspire the discovery and design of new materials and the processes to manufacture them. Autonomous research and development (R&D) push the envelope for building predictive models and platforms that drive high-throughput innovation. How did we get here so fast, and where will this global megatrend take us? 

The market for architectural coatings is projected to grow from USD 82.5 billion in 2024 to USD 93.9 billion by 2029, at a CAGR of 2.6%, during the forecast period.

The demand for industrial coatings continues to rise, fueled by expansions in the rail, electronics, and marine industries.

The report from Jotun underlines the crucial role that maintenance, especially corrosion management, plays in ensuring the safety, profitability, and environmental sustainability of oil and gas operations.

A recent report by MarketsandMarkets forecasts the global powder coatings market to grow through 2029, propelled by demand in emerging economies and diverse industrial sectors.

Read about how the innovative protective coatings market is revolutionizing different industrial sectors.

From coatings that extend shelf life to advanced protective finishes for a variety of substrates, innovations in packaging coatings are set to boost the industry through 2028.

"Once again, we see that it pays off to invest in the future in any economic situation," says Martin Babilas, CEO of ALTANA AG.

"Our balance sheet is strong, and we will remain disciplined in our approach to allocating capital to strengthen our company for the long-term and return cash to shareholders," said Peter R. Huntsman, President and CEO.

“The company made a number of strategic investments over the past five years that are showing impressive results," said Chase Bean, President and CEO.