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.
This month’s edition of TiPMC Solution’s TiO2 Insider focuses on global TiO2, mineral sands, and coatings producers’ first half earnings reports, and their outlooks for the remainder of 2023. The prolonged slump seems all but certain to continue for the rest of 2023. TiPMC believes 2023 will see a 5-8% drop in overall TiO2 demand as compared to 2022, when the market declined an estimated 8% vs. the previous year.
According to a report from MarketsandMarkets, the market size for powder coatings was USD 14.7 billion in 2022 and is projected to reach USD 19.9 billion by 2028, at a CAGR of 5.2% during the forecast period. Economic growth in developing countries, end-use industry expansion, investment in infrastructure, stringent environmental regulations, and growing purchasing power drive the powder coatings market.
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.
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