NORTH AMERICAN COATINGS SECTOR STRUGGLES WITH WEAK DEMAND AND EXPANDING REGULATION
April 19th, 2024
The North American paint and coatings sector has been treading water as it struggles against flat demand and increasing regulatory burdens.
In the USA, the paint and coatings industry has faced declining sales volumes prompted by tailwinds in the construction sector. At the same time, industry value increased slightly last year, propelled by solid margins and growth in OEM (original equipment manufacturer) purchases and special coatings sales.
"We estimate that, in terms of volume, the industry contracted somewhat (-1.8% compared to 2022), while industry value ...
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