HGTV Home^® by Sherwin-Williams Announces Its 2023 Color Collection of the Year

HGTV Home by Sherwin-Williams has unveiled its 2023 Color Collection of the Year, Vintage Homestead, and the distinguished 2023 Color of the Year, Darkroom. The Vintage Homestead Color Collection is composed of shades filled with balance, hope, and comfort.  

Available exclusively at Lowe's stores nationwide and on Lowes.com, the designer-inspired Color Collection of the Year includes 10 reviving and comfortable colors that are influenced by heritage and romance, crafting a look that is familiar in an individualistic way. This palette showcases contentment in slowing down and discovering the importance of being hopeful to find stability and balance. This Color Collection encourages individuals to rediscover the meaning of home that translates into home design. The combination of familiar tones has been thoughtfully curated by design experts who mix and match color and design from the past for a hopeful future and a sense of belonging. The collection includes the following colors: Poetry Plum, Restrained, Natural Linen, Darkroom, Cool Beige, Gray, Pewter Green, Glamour, Wall Street, and Hot Cocoa.

Darkroom, the 2023 Color of the Year, is an alluring and classic shade for an eclectic, yet modern look. Darkroom is a black that creates dimension with a purple undertone, inspired by the need to craft a comfortable home that is both elegant and romantic. This alluring shade is classic for the heritage interiors yet modernly retro for the throwback-inspired aesthetic. This is a new neutral perfect for the inside and out.  

“The Vintage Homestead Color Collection offers an effortless look that reveals the importance of being hopeful to find stability and balance,” says Ashley Banbury, HGTV Home by Sherwin-Williams senior color designer. “Our 2023 Color Collection of the Year revives elements from the past that are perfectly paired with vintage, comfortable, and classic colors.”

CLA’s Virginia Harn to Chair Women in Manufacturing^® Association Board

Accounting firm CLA (CliftonLarsonAllen LLP) announced Virginia Harn, a principal in CLA’s Minneapolis location, was named chair of the 2022 Women in Manufacturing^® Association (WiM) board of directors.

“I am incredibly honored and excited to uphold WiM’s dedication to supporting, promoting, and inspiring women in the manufacturing sector,” said Harn. “The WiM mission blends perfectly with our CLA purpose of creating opportunities for our clients, our people, and our communities.”

In her new role, a two-year term, Harn looks to broaden the WiM membership to welcome more privately owned manufacturing companies. That includes corporate membership pricing to allow smaller companies affordable access to the association resources, information, and connections that otherwise might not be available to them.

“On behalf of the entire WiM organization, I’m pleased to welcome Virginia to the board chair role,” said Allison Grealis, founder and president, WiM. “We look forward to working together to move the organization forward.”

CLA has been a corporate sponsor of the national WiM trade association since 2016, and women across the firm have been involved at both the national and local levels in a wide range of leadership and participation roles.

“We are proud of Virginia for the important work she’s doing,” said Samantha Metcalf, managing principal of private industries at CLA. “We are honored to be part of a journey that supports diversity, equity, and inclusion within the manufacturing industry, and we recognize its significance in helping to address workforce challenges facing manufacturers today.”

CLA is also the exclusive sponsor of the WiM Management Development Program (MDP), which provides leadership training for women in the manufacturing workforce with fewer than three years of management experience. CLA provides annual scholarships, including six scholarships that cover half the tuition for the November 2022 MDP program.

Polyurea Coatings Market Anticipated to Grow $2.0 Billion by 2027

MarketsandMarkets Research has released a report titled Polyurea Coatings Market by Raw Material Type, Polyurea Type (Pure and Hybrid), Technology (Spraying, Pouring, Hand Mixing) and End-Use (Building & Construction, Transportation, Industrial, Landscape) — Global Forecast to 2027. According to the report, the market’s size was USD 1.2 billion in 2021 and is projected to grow at a CAGR of 10.3% during the forecast period to reach USD 2.0 billion by 2027.

Polyurea coating technology continues to develop, and it is expected to substitute existing coating technologies such as epoxy and polyurethane. Before polyurea coatings were introduced, polyurethane coatings used to deliver high cure rates when accumulated with catalysts. They were used in a number of industrial and commercial applications but were sensitive to moisture. Polyurea coatings, due to their superior properties, provide high-quality coating and gloss, and are more consistent than other coating technologies.

Based on raw material type, the acrylic segment is projected to be the largest resin type during the forecast period. Aromatic isocyanate-based polyurea has good physical properties with high-performance features along with abrasion and corrosion resistance for coating applications in the marine (boat hulls, docks, and others), construction (wall & floor coatings and others), industrial (machinery, containment, and others), and other industries.

Based on end-use, the building & construction segment is estimated to account for the largest share of the market during the forecast period. The growth of the infrastructure sector and the development of the building & construction industry in the Asia Pacific region are expected to boost the polyurea coatings market in the region. China and India are likely to generate a positive impact on the market in the building & construction end-use industry.

Asia Pacific is the fastest-growing market for polyurea coatings mainly due to the high economic growth, and heavy investment in industries such as automotive, marine, building & construction, and manufacturing. Kukdo Chemicals (South Korea), Asia Polyurethane (Singapore), and other leading global players are adopting various strategies to increase their market share in the region’s polyurea coatings market.

Global Survey Addresses the Impact of the Supply Chain on Climate Change

The 2022 State of Supply Chain Sustainability report explores how supply chain sustainability (SCS) practices are being implemented globally and what that means for professionals, enterprises, industries, and the planet. This year’s report indicates that pressure to support SCS has increased steadily since last year, though that pressure has focused on different areas than it did last year. In particular, environmental dimensions of SCS received much more attention than in 2020. Climate change mitigation and natural resource/biodiversity conservation saw the biggest increases in interest from last year. Notably, no one issue area saw a decrease in interest from 2020 to 2021.

The report is founded on a large-scale international survey of supply chain professionals with over 3,300 respondents conducted in late 2021. Survey results are combined with 15 executive interviews, and supported by news and social media content analysis from the same year. To attain the broadest audience of practitioners and input from various sectors, the MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain Management Professionals (CSCMP), a leading, global, professional association, collaborated on data collection. For the first time this year, the survey component of data collection was offered in three languages: English, Spanish, and Mandarin Chinese.

“This is an essential read for anyone in supply chain today,” said Mark Baxa, President, and CEO of CSCMP. “Supply chains worldwide are uniquely positioned to be an engine to impact our society positively. The choice of who we choose to do business with, where we do business, and what and how we deliver is essentially in the supply chain's control. Consumers and businesses alike need — and, in fact, demand — that products we source and deliver meet their environmental and social expectations. You will find in the State of Supply Chain Sustainability 2022 a most important, comprehensive global study that supports your ability to benchmark your company and SCS actions.”

While SCS may enjoy more support as a corporate goal, its growing popularity does not necessarily translate into investment dollars. As in previous years, in every dimension, SCS goals ranked more highly than investment in 2021. Still, the investment picture is not unremittingly gloomy. There are tentative signs that the gap is closing in some areas, particularly human rights protection.

Geographically, the report found notable differences between firms headquartered in the global North and those in the global South in terms of which dimensions of SCS they prioritize, which has critical implications for supply chain managers doing business internationally.

NACD Issues Statement on Passage of Reconciliation Package Amid Record-High Inflation

National Association of Chemical Distributors (NACD) President and CEO Eric R. Byer issued the following statement after the U.S. Senate passed the Inflation Reduction Act:

“As businesses continue to face record-high inflation, ongoing supply chain challenges, rising interest rates, and a difficult labor market, NACD has major concerns that the reconciliation package passed today by the Senate will only add more fuel to the fire.

“The Vintage Homestead Color Collection offers an effortless look that reveals the importance of being hopeful to find stability and balance,” says Ashley Banbury, HGTV Home by Sherwin-Williams Senior Color Designer. “Our 2023 Color Collection of the Year revives elements from the past that are perfectly paired with vintage, comfortable and classic colors.”

Whether you find contentment in living through the romance of the rural lifestyle, or the nostalgia from far-off times, HGTV Home® by Sherwin-Williams offers a Collection for homes that embodies hope, romanticism, tradition, nostalgia, and comfort.  

The 2023 Color of the Year is Darkroom. Darkroom isa black that creates dimension with a purple undertone, inspired by the need to craft a comfortable home that is both elegant and romantic. This alluring shade is classic for the heritage interiors yet modernly retro for the throwback-inspired aesthetic. This is a new neutral perfect for the inside and out.  

The 2023 Color Collection of the Year is Vintage Homestead. This palette showcases contentment in slowing down and discovering the importance of being hopeful to find stability and balance. This Color Collection encourages individuals to rediscover the meaning of home that translates into home design. The combination of familiar tones has been thoughtfully curated by design experts who mix and match color and design from the past for a hopeful future and a sense of belonging. The collection includes the following colors: Poetry Plum, Restrained, Natural Linen, Darkroom, Cool Beige, Gray, Pewter Green, Glamour, Wall Street, and Hot Cocoa

IPRA Annual Report Highlights Economic and Environmental Benefits of Recycled Paint

The International Paint Recycling Association (IPRA), which is facilitated by the Product Stewardship Institute (PSI) and was developed by PSI in partnership with recycled paint manufacturers, has released some impressive statistics in its 2021 Annual Report.

During the fiscal year, IPRA members — an association of nine North American recycled paint manufacturers with decades of industry experience — worked in 10 states and the District of Columbia to collect an estimated 6.6 million gallons of leftover latex paint. Of this paint, members reused or recycled more than 4.7 million gallons, resulting in a 71% paint-to-paint recycling rate.

“Our impact is extraordinary,” said Josh Wiwcharyk, President of IPRA and of Loop Recycled Products, one of IPRA’s founding members. “We kept the equivalent of 250 swimming pools’ worth of paint out of landfills and supported more than 3,200 recycling jobs — even in a pandemic. When you crunch the numbers, recycled paint just makes sense.”

IPRA members also worked hard to expand the market for recycled paint and promote paint sustainability, testifying in support of paint stewardship legislation in Maryland, Massachusetts, New Jersey, and Missouri — a first-time bill, which will be reintroduced in the 2023 legislative session along with bills in each of the other active states. And they joined forces with PaintCare and the American Coatings Association, which represents the paint industry, to support the launch of the latest paint stewardship program, which kicked off in New York in May.

“Global sustainability is on the rise, and in response, IPRA continues to keep the recycled paint industry on the front lines,” said Scott Cassel, CEO and founder of PSI. “Together, we seek to lead the paint industry towards a zero-waste future and continue to promote the circular economy — both industry-wide and around the world.”

Learn more at https://recycledpaint.org/.

Coatings Technologies: Adaptation in a Complex World

ACA is pleased to announce the theme of the 2023 CoatingsTech Conference, to be held June 26 – 27, at the Hyatt Regency Cleveland at the Arcade in Ohio. “Coatings Technologies: Adaptation in a Complex World,” reflects current challenges and trends, from increased bio-sourcing, to supply-chain unpredictability and manufacturing on-shoring.

The 2023 CoatingsTech Conference will feature the latest science and technology developments, including advance notice on technology-forcing factors to help industry meet future market challenges. Through a series of specialized lectures from notable industry experts and focused technical sessions, the conference will offer an unprecedented opportunity for all levels of coatings professionals and students to participate and learn. In addition, pre-conference tutorials will provide educational opportunities in coatings science. The conference call for papers will be issued in September.

For more information visit https://www.paint.org/aca-events/ctc-2023/.

Market Report Finds Epoxy Resins Market is Steadily Gaining Traction

According to a report from Fact.MR, a market research and competitive intelligence provider, the global epoxy resins market is expected to rise at a CAGR of 6.9% from 2022 to 2031.

Rising need for lightweight, high-strength materials in the automotive and construction sectors, as well as growing demand for high-performance materials in wind power and aerospace industries, are set to drive demand for epoxy resins over the forecast period.

One of the major trends driving epoxy resin sales is the expansion of the coating additives sector. Epoxy coatings are employed in a variety of applications because of their appealing qualities. Epoxy resins are becoming more widely used in marine applications and are ideal for preparing wood boats.

Furthermore, the market is being propelled forward by steps implemented in the automotive industry to minimize carbon emissions. Epoxy resin adhesives are increasingly being utilized to reduce the weight of automobiles, while also improving their security, longevity, and performance.

Increased use of epoxy resins in the production of thermosets to generate light and durable materials, rising use of bio-based epoxy resins in the aviation industry, and growing demand for packaging in the food & beverage industry are other factors driving market expansion.

Key takeaways from the study include:

• Global epoxy resins market to reach valuation of US$ 21.87 billion by 2031.
• Market in Asia Pacific projected to increase at CAGR of 7% over forecast period.
• Market in China accounts for 40% share of global market.
• Paints and coatings expected to rise at CAGR of 6.5% from 2022 to 2031.

“Manufacturing of epoxy resins from bio-sourced materials is predicted to provide a variety of growth prospects for major companies, as well as an increase in R&D operations to produce new, enhanced epoxy resin systems for various applications,” says a Fact.MR analyst.

Key manufacturers are focused on product quality, product development capabilities, and new technologies employed in product formulations. Established players are investing in the development of new and sophisticated resin formulations that will provide them with a competitive advantage. For instance, in 2021, the acquisition of Royal DSM's Resins & Functional Materials business (RFM) by Covestro was accomplished. Covestro will be able to increase its offering of biodegradable coating resins as a result of this acquisition.

To read the report, visit https://www.factmr.com/report/epoxy-resins-market.