Paint and Coating Market Reports

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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.

According to the report, the company’s revenue across currencies was up 5% on pricing, despite flat volumes, while reported revenue was 4% down on unfavorable exchange rates.

According to the CEO, the domestic coatings business, decorative and industrial combined, registered a subdued 1.1% revenue growth in the quarter.

Reportedly, consolidated net sales increased 1.1% in the quarter to $6.12 billion. All comparisons are to the third-quarter of the prior year, unless otherwise noted. 

Tim Knavish, PPG Chairman and Chief Executive Officer, commented on the quarter, saying, “ We achieved record third-quarter net sales and adjusted earnings per share aided by the breadth and resiliency of our business portfolio."

According to the report, the market is estimated to be valued at $160 million in 2023 and is expected to grow at a CAGR of 5.1%.

Fiscal 2024 first-quarter adjusted EBIT was reportedly an all-time record and was in addition to strong growth in the prior-year period when adjusted EBIT increased 33.1%.

Reportedly, the market was sized at $8.3 billion in 2023, with a projected CAGR of 4.7% from 2023 to 2028.

Over the last few years, businesses of all sizes have faced significant challenges, from labor shortages to high inflation, and ongoing supply chain challenges. The NACD worked with PCI to convene members for a roundtable discussion to examine these pressing distribution issues, enhanced sustainability expectations, and the implementation of innovative technology into business practices.