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U.S. Market Analysis for the Paint & Coatings Industry (2023 – 2028)

2023 2028 USMA Report 2 13 24

Global Market Analysis for the Paint & Coatings Industry (2024 – 2029)

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Articles

The State of the U.S. Paint and Coatings Market 2023-2025: Slow and “Steady as She Goes”

The year 2024 is expected to be a mixed year for the paint and coatings industry in the United States. The year 2023 ended with production of 1.33 billion gallons valued at $32.8 billion, down from 2022 by 1.8% in volume but up 1.4% in value. The outlook for 2024e suggests a slight increase in full-year production, totaling 1.36 billion gallons, and an increase in value to $34.5 billion.

Optimizing Your Strategic Planning with Business Cycle Analysis

Leveraging sophisticated market intelligence tools like business cycle analysis can enhance the efficacy of your data-driven decision-making process, facilitating the attainment of your strategic objectives. By harnessing the power of visualizing market trends through BCA and forecasting crucial industry indicators, you gain a pivotal piece of the puzzle that sets you apart from your competitors.

Achieving Success through Data-Driven Decision Making

Several variables, including a company’s objectives and the available types and quality of data, affect how precisely data may be incorporated into the decision-making process. Every contemporary company should work to optimize their data-driven decision making to ensure profitable growth.

2023 Raw Materials and Chemicals Overview for Adhesives

2023 Raw Materials and Chemicals Overview for Adhesives

The manufacturing of adhesives and sealants relies on raw materials and chemicals (including some specialty chemicals) that hold a significant position within the vast chemical industry. While the U.S. chemical industry is facing challenges such as low demand, oversupply, and narrowing profit margins, numerous opportunities exist—particularly as companies increasingly focus on sustainability and circularity. Strategic decision making and investments in innovation will be crucial for long-term success in a changing landscape.

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WEBINAR: Optimizing Plant Operations Including Design Considerations for Growth

WEBINAR: Optimizing Plant Operations Including Design Considerations for Growth

The second webinar in our four-part Operational and Manufacturing Excellence series, “Optimizing Plant Operations including Design Considerations for Growth,” was held July 25. In partnership with the American Coatings Association and led by ChemQuest director Robert Kramer, this webinar focused on facility start-ups, plant expansion, increases in operations capacities, alternate capabilities, plant relocations, and asset retirements. You are invited to view the presentation slides here and link to the webinar recording.

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WEBINAR: More than Just Wood – Low-Temp Cure Powder Coating Technology

WEBINAR: More than Just Wood – Low-Temp Cure Powder Coating Technology

As powder coating applications for medium-density fiberboard (MDF) and hardwoods become more commonplace, low-temperature-cure powder coating technology is evolving as an option to finish a variety of non-traditional substrates like plastics, composites, and molding compounds. In partnership with the American Coatings Association, ChemQuest director Kevin Biller presented a webinar discussing “More than Just Wood—Low-Temp Cure Technology Opens Up a World of New Substrates for Powder Coatings” on July 13. The webinar identified the emerging powder technologies and application techniques that will serve these innovative end uses.

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WHITE PAPER: What is Business Cycle Analysis?

WHITE PAPER: What is Business Cycle Analysis?

Business Cycle Analysis is a vital aspect of economic analysis, guiding decision making for businesses, investors, and policymakers. At ChemQuest, we recognize its importance in strategic planning. However, we have learned through Voice of Customer that many of our clients are not using Business Cycle Analysis in their current forecasting and data analysis.

Our Coatings TraQr™ platform provides a powerful Business Cycle Analysis tool that allows you to track indicators within the business cycle. This gives you a competitive edge by enabling you to make informed strategic decisions ahead of your competitors.

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Don’t look now, but PFAS is EVERYWHERE!

Don’t look now, but PFAS is EVERYWHERE!

These are uncertain times with regard to PFAS that are of critical importance for a variety of applications in a number of vitally important global industries. While nothing is currently certain, it is likely that common sense will prevail in the long term. At worst, PFAS for certain applications will be declared “set asides,” enabling their use in critical areas to continue. At best, the global regulatory agencies will consult with each other to decide upon appropriate scientific (rather than knee jerk) approaches to determining which PFAS actually pose threats to human life and the environment. As with most things, it is likely that Aristotle’s “Golden Mean” (the midpoint between extremes) will prevail, and we will have neither the best nor the worst outcome with regard to the PFAS issue.

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