The company has reported its financial results for the full-year 2022. Despite lower sales volumes as a consequence of the recessionary environment, Covestro’s group sales grew by 13% to €18.0 billion.
The group reported a strong first six months before overall demand began weakening in the third quarter as product availability grew and customers’ destocking activities increased in response to declining raw material costs.
Grace Matthews reports on continued challenges and opportunities ahead in 2023 after low levels of M&A activity in 2022 due to high interest rates, global economic uncertainty, political instability, and other factors.
The digital Report 2022 includes coverage of AkzoNobel’s financial results and business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.
The company says the market environment was dominated by the consequences of the war in Ukraine, and in particular by increased raw material and energy prices.
Future Market Insights has released a new automotive refinish market report, titled Automotive Refinish Coatings Market by Material Type, Product, Vehicle, Technology, Commercial Vehicles, End Use & Region – Forecast 2023 - 2033.
In its 70th annual automotive color popularity color report, Axalta Coating Systems provides OEMs with insights into the top automotive colors of 2022, as well as other customer trends.
The Color Marketing Group’s 2024+ World Color Forecast™ offers insights on color trends, post-pandemic economic impacts, environmental efforts, and political influence in regards to many industries, including coatings.
TiPMC discusses the current TiO2 market specifically in regards to projections in demands outside of China, sales for the first half of 2023, and changes in the current destocking trend.
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