• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Mixing Equipment Directory

    The Wood Coatings Market

    Antimicrobial Coatings Market

    Additives Update

    Pigment Supplier Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Nippon Paint Marine Wins Korea Export Award

    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst

    ECOS Paints Launches Lisa Tharp Colors

    OQ Chemicals Increases Carboxylic Acids, Esters Prices
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Nippon Paint Marine Wins Korea Export Award

    ECOS Paints Launches Lisa Tharp Colors

    BYK-Gardner Launches VMA-Getzmann TORUSMILL

    Sensory Analytics Announces Issuance of Broad New Patent Covering Coating Thickness Measurement

    Union Process Develops Attritor for Inks, Coatings Supplier
    Additives
    Binders
    Pigments
    Solvents

    OQ Chemicals Increases Carboxylic Acids, Esters Prices

    Arkema Reports Full-year 2020 Results

    New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site

    Emerald Kalama Chemical Acquired by LANXESS

    Raw Material Suppliers, Distributors Part of Recent M&A Activity
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Eagle Specialty Products

    Pilot Chemical Company

    Shepherd Color Company, The

    Active Minerals

    Keim Additec Surface USA LLC
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Pilot Chemical Company

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Siltech Corporation

    Active Minerals
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    PPG Reports Record 3Q 2020 Financial Results

    Net sales of about $3.7 billion, four percent lower than the prior year.

    PPG Reports Record 3Q 2020 Financial Results
    Related CONTENT
    • Nippon Paint Marine Wins Korea Export Award
    • PPG, PPG Foundation Invested $13 million in Communities Worldwide in 2020
    • Nix Sensor Ltd. Launching World's 1st Portable, Durable, 31 Channel Spectrophotometer
    • AkzoNobel Publishes 4Q, Full-Year 2020 Results
    • Coatings World Reaches 975,000 Visits in 2020
    Coatings World staff10.20.20

    PPG reported third-quarter 2020 net sales of about $3.7 billion, down approximately four percent versus the prior year. Selling prices increased by 1.3 percent. 

     

    Sales volumes were down about five percent versus the prior year, which reflects ongoing negative economic impacts of the COVID-19 pandemic. 

     

    Acquisition-related sales added less than one percent to sales growth, and the year-over-year impact from foreign currency translation was minimal.

     

    Third-quarter 2020 reported net income from continuing operations was $442 million, or $1.86 per diluted share. 

     

    Adjusted net income from continuing operations was $458 million, or $1.93 per diluted share. 

     

    Adjusted figures exclude after-tax items of $16 million for hurricane-related expenses and restructuring-related costs. 

     

    Third-quarter 2019 net income from continuing operations was $366 million, or $1.54 per diluted share, and adjusted net income from continuing operations was $396 million, or $1.67 per diluted share. 

     

    The third quarter 2020 reported and adjusted effective tax rates were approximately 22 percent, compared to the third-quarter 2019 reported and adjusted effective tax rates of 23 percent. 

     

    “As reported earlier this month, we delivered record operating results in the third quarter, with both of our reportable business segments delivering higher segment income than the prior year, despite continued, negative pandemic-related economic effects,” said Michael H. McGarry, PPG chairman and CEO. “Strong year-over-year organic sales growth in global architectural coatings and continued cost management drove earnings growth in our Performance Coatings reporting segment. In addition, our leading technology and service capabilities benefited us as demand for automotive OEM coatings and general industrial coatings began recovering in the quarter, generating strong PPG operating leverage and boosting earnings in our Industrial Coatings reporting segment.

     

    “In aggregate, we delivered operating margins that were about 300 basis points higher than the prior year. Our continued execution of both interim and structural cost-savings initiatives is driving higher incremental earnings on improving sales volumes. In the quarter, we delivered about $90 million of cost savings from various interim initiatives and about $35 million of incremental structural savings from business restructuring programs, including the execution of some manufacturing footprint optimization initiatives. In addition to our earnings performance, we generated more than $800 million of cash from operations in the quarter, including the benefit of a 150-basis-point reduction in working capital as a percent of sales versus the third quarter 2019," he continued.

     

    “Looking ahead, we are likely to experience normal seasonal trends in the fourth quarter, especially in our European and North American architectural coatings businesses,” McGarry added. “Even with the continued uncertainty from the pandemic we expect overall economic activity to continue to recover, but in an uneven manner. The pandemic is still significantly impacting the demand for certain coatings products – most notably, global commercial aerospace, marine, and protective coatings that support the oil and gas industry. In addition, we expect that automotive refinish coatings demand in the U.S. and Europe will remain below 2019 levels until there is a return to more normal commuting patterns. We remain well-positioned to capture additional incremental earnings growth once these sectors, which represent about 30 percent of our business portfolio, begin to recover. Similar to the past several quarters, we will continue to focus on execution against all elements within our control. Also, the company’s balance sheet remains strong, and we are evaluating earnings-accretive cash deployment alternatives.

     

    “We will continue to prioritize the health and safety of our employees while providing excellent support to our customers with our technology-advantaged products. I am very proud of the entire global PPG team, and I want to thank everyone for their continued focus and diligence during these challenging times. As I said last quarter, I remain confident that we are on the path to emerge from this crisis as an even stronger company, and these record quarterly results lay the foundation for delivering on this commitment,” McGarry concluded.

     

    Third Quarter 2020 Reportable Segment Financial Results

     

    Performance Coatings segment third-quarter net sales were about $2.3 billion, down approximately $60 million, or about three percent, versus the prior year. 

     

    Selling prices increased by two percent, and acquisition-related sales added nearly one percent, or about $20 million, primarily from the Texstars and ICR acquisitions. 

     

    These gains were more than offset by lower sales volumes of about five percent, or about $125 million, primarily related to the COVID-19 pandemic. 

     

    There was no material impact from foreign currency translation during the quarter as the strengthening Euro was offset by weaker Latin American currencies.

     

    Architectural coatings – Europe, Middle East and Africa (EMEA) year-over-year net sales, excluding the impact of currency and acquisitions (organic sales), increased by about 10 percent, driven by increased consumer demand after many countries permitted retail store re-openings following mandated closures during the second quarter. 

     

    Year-over-year organic sales, in architectural coatings – Americas and Asia Pacific were up a low-single-digit percentage, with differences by channel and region. 

     

    Despite challenging economic conditions in Mexico, the PPG-Comex architectural coatings business grew organic sales by a mid-single-digit percentage. 

     

    Sales volumes in protective and marine coatings were down a mid-single-digit percentage, driven by lower demand in all major regions except Asia-Pacific. 

     

    Aerospace coatings sales volumes were down about 35 percent impacted by lower commercial OEM and aftermarket demand, while sales for aerospace military applications were similar to the prior year driven by growing demand for PPG’s technology-advantaged products. 

     

    Sales volumes for automotive refinish coatings improved significantly compared with the prior sequential quarter, but still declined about 10 percent on a year-over-year basis. 

     

    Automotive refinish coatings sales volumes in China were higher than the prior year as automotive miles driven and traffic congestion have returned to pre-pandemic levels.

     

    Segment income for the third quarter was $426 million, up about $45 million, or about 12 percent, year-over-year. 

     

    Segment income was aided by higher selling prices, cost-mitigation efforts and restructuring initiatives, partially offset by the unfavorable earnings impact from lower sales volumes stemming from the pandemic.

     

    Industrial Coatings segment third quarter net sales were about $1.4 billion, down about $80 million, or about five percent, versus the prior-year period. 

     

    As a result of the continued decline in global economic demand stemming from the COVID-19 pandemic, sales volumes decreased by five percent versus the prior-year period; however, this was a dramatic improvement versus the near 40 percent year-over-year volume decline experienced in the second quarter. 

     

    There was no material impact from foreign currency translation during the quarter.

     

    PPG automotive original equipment manufacturer (OEM) coatings sales volumes differed by region but in aggregate were relatively flat compared to the prior year and above global industry auto production rates, supported by our leading technology and customer service capabilities. 

     

    This includes robust year-over-year growth in China aided by higher regional industry retail sales, along with significant sequential quarterly improvement in industry build rates in the U.S. and Europe. 

     

    PPG sales volumes for automotive OEM coatings in China were higher than the prior-year quarter by a low-teen percentage. 

     

    Sales volumes for the industrial coatings business also improved significantly from the second quarter 2020; although demand varied by sub-segment and was down a mid-single-digit percentage in aggregate versus the prior year. 

     

    Packaging coatings sales volumes decreased a low-single-digit percentage year-over-year, as growing demand in the U.S. and Latin America was offset by softer aggregate demand in Asia and Europe.

     

    Segment income for the third quarter was $253 million, up about $45 million, or approximately 23 percent year-over-year. 

     

    Segment income was aided by aggressive cost-mitigation actions, restructuring cost savings, and modestly higher selling prices, partially offset by the unfavorable earnings impact from the lower sales volumes.

     

    The company ended the third quarter with net debt of $3.5 billion, approximately $600 million lower than the second quarter. 

     

    The company prepaid $1 billion of a $1.5 billion term loan maturing in April 2021. 

     

    The company’s $2.2 billion revolving credit facility is currently undrawn. 

     

    Also, the company reported the following projections for the fourth quarter 2020 based on current global economic activity:

    • Aggregate sales volumes are anticipated to be down a low-to-mid-single digit percentage, differing by business and region;
    • Total incremental structural cost benefits from restructuring savings are expected to be between $30 million and $35 million; 
    • Corporate expenses are expected to be between $55 million and $60 million compared to $55 million in the third quarter 2020;
    • Net interest expense is anticipated to be between $28 million and $30 million;
    • The company’s global ongoing effective tax rate is expected to be in the range of 18 percent to 21 percent. The rate is lower sequentially versus the third quarter driven by potential discrete items to be realized in the fourth quarter;
    • Adjusted earnings per diluted share are expected to be between $1.50 and $1.57.

     

    Suggested For You
    Clariant’s „New Freedom“ Decorative Color Trends Palette: 13 color predictions for trends in 2021 Clariant’s „New Freedom“ Decorative Color Trends Palette: 13 color predictions for trends in 2021
    Nippon Paint Marine Wins Korea Export Award Nippon Paint Marine Wins Korea Export Award
    PPG, PPG Foundation Invested $13 million in Communities Worldwide in 2020 PPG, PPG Foundation Invested $13 million in Communities Worldwide in 2020
    Nix Sensor Ltd. Launching World Nix Sensor Ltd. Launching World's 1st Portable, Durable, 31 Channel Spectrophotometer
    AkzoNobel Publishes 4Q, Full-Year 2020 Results AkzoNobel Publishes 4Q, Full-Year 2020 Results
    Coatings World Reaches 975,000 Visits in 2020 Coatings World Reaches 975,000 Visits in 2020
    PPG 2020 Automotive Color Report Shows Blue Hues Maintaining Pre-pandemic Growth PPG 2020 Automotive Color Report Shows Blue Hues Maintaining Pre-pandemic Growth
    UK Decorator Wins Best of Houzz Award UK Decorator Wins Best of Houzz Award
    Pilot Chemical Awards $1,000 Bonuses to Employees Pilot Chemical Awards $1,000 Bonuses to Employees
    New ASTM International Standard Helps Determine Abrasion Coating Resistance on Smart Device New ASTM International Standard Helps Determine Abrasion Coating Resistance on Smart Device
    Keyland Polymer UV Powder, LLC Launches UVMax Defender Keyland Polymer UV Powder, LLC Launches UVMax Defender
    APV Engineered Coatings Reflects on 2020 APV Engineered Coatings Reflects on 2020
    AkzoNobel Attains Top Employer Status AkzoNobel Attains Top Employer Status
    PPG Reports Q4, Full-year 2020 Financial Results PPG Reports Q4, Full-year 2020 Financial Results
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Related Breaking News

    • Breaking News | Marine Coatings | Paint & Coatings Manufacturer News
      Nippon Paint Marine Wins Korea Export Award

      Nippon Paint Marine Wins Korea Export Award

      Part of annual event celebrating companies that have collectively contributed $500 billion to the country’s economy.
      Anthony Locicero, Associate editor 02.26.21

    • Architectural Coatings | Breaking News | Green Coatings | Product news
      ECOS Paints Launches Lisa Tharp Colors

      ECOS Paints Launches Lisa Tharp Colors

      Collaboration "taps into surging consumer demand for healthier homes and spaces."
      Anthony Locicero, Associate editor 02.26.21

    • Breaking News | Product news
      PPG Introduces Premium Iso-free Primer Surfacer, Catalyst

      PPG Introduces Premium Iso-free Primer Surfacer, Catalyst

      The new technology provides an exceptional foundation for the DELTRON basecoat system, PPG said.
      Anthony Locicero, Associate editor 02.26.21


    • Breaking News
      Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

      Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials

      PPG is the exclusive manufacturer of UDC’s UniversalPHOLED emitter materials.
      Anthony Locicero, Associate editor 02.26.21

    • Additives | Breaking News | Price Increases
      OQ Chemicals Increases Carboxylic Acids, Esters Prices

      OQ Chemicals Increases Carboxylic Acids, Esters Prices

      Due to supply and demand.
      Anthony Locicero 02.25.21

    • Breaking News | Production Equipment | Suppliers Corner
      BYK-Gardner Launches VMA-Getzmann TORUSMILL

      BYK-Gardner Launches VMA-Getzmann TORUSMILL

      Uses a single, closed-container for both pre-dispersion with an impeller disk, and subsequent milling with an integrated basket mill.
      Anthony Locicero, Associate editor 02.25.21


    • Breaking News | Laboratory Equipment
      Sensory Analytics Announces Issuance of Broad New Patent Covering Coating Thickness Measurement

      Sensory Analytics Announces Issuance of Broad New Patent Covering Coating Thickness Measurement

      Patent covers the methods and systems for Sensory’s exclusive ruggedized optical interference (ROI) technologies.
      Anthony Locicero, Associate editor 02.25.21

    • Additives | Breaking News | Financial News
      Arkema Reports Full-year 2020 Results

      Arkema Reports Full-year 2020 Results

      "2020 was ultimately a year of major qualitative progress for Arkema," Chairman and CEO Thierry Le Hénaff said.
      Anthony Locicero, Associate editor 02.25.21

    • Breaking News | Price Increases
      Hempel Announces Global Price Increase

      Hempel Announces Global Price Increase

      Cost of key raw materials used in the manufacturing of coatings is now significantly higher compared to the beginning of 2020, Hempel said.
      Anthony Locicero, Associate editor 02.25.21


    • Breaking News | Production Equipment | Suppliers Corner
      Union Process Develops Attritor for Inks, Coatings Supplier

      Union Process Develops Attritor for Inks, Coatings Supplier

      The UP Q-25 Circulation Attritor is fitted with a 27.5-gallon grinding tank capacity, a 250-gallon circulation tank, 25-gallon media volume.
      Anthony Locicero, Associate editor 02.24.21

    • Breaking News | Paint & Coatings Manufacturer News
      Hempel Launches Sustainability Framework: Futureproof

      Hempel Launches Sustainability Framework: Futureproof

      The launch of Futureproof follows the recent announcement that Hempel aspires to double its revenue by 2025.
      Anthony Locicero, Associate editor 02.24.21

    • Breaking News | People in the News
      ChemQuest Hires Rich Gibson

      ChemQuest Hires Rich Gibson

      Gibson previously served as director, Corporate Strategy for Milliken & Company.
      Anthony Locicero, Associate editor 02.23.21


    • Additives | Breaking News | Industry News
      New Increase in Kynar Fluoropolymer Capacities at Arkema

      New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site

      Arkema will invest to further increase its fluoropolymer production capacities in Changshu by 35% in 2022.
      Anthony Locicero, Associate editor 02.23.21

    • Breaking News | Paint & Coatings Manufacturer News | Wood Coatings
      Axalta Launches Wood Coatings Mobile App

      Axalta Launches Wood Coatings Mobile App

      Tool will enhance customer experience, streamline communications and provide easy access to extensive wood coating information.
      Anthony Locicero, Associate editor 02.23.21

    • Breaking News | Suppliers Corner
      Phoseon Technology Introduces Near-Infrared LED Lamps

      Phoseon Technology Introduces Near-Infrared LED Lamps

      Ideal for novel NIR curable adhesives and R&D on such applications, said Simon Reissmann, Technical Marketing engineer for Phoseon Technology.
      Anthony Locicero, Associate editor 02.22.21

    Trending
    • Hempel Announces Global Price Increase
    • Videobite: Arkema Coatings Resins
    • Hempel Acquiring Wattyl Australia, New Zealand
    • Nippon Paint Marine Launches Nano Antifouling Technology
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • Nippon Paint Marine Wins Korea Export Award
    • ECOS Paints Launches Lisa Tharp Colors
    • PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    • Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    • OQ Chemicals Increases Carboxylic Acids, Esters Prices
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Mixing Equipment Directory
    • The Wood Coatings Market
    • Antimicrobial Coatings Market
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Preliminary Study Links Markers of Impaired Bone Health to Vegan Diet
    Refined Grains Linked to Heart Attack Risk, Early Death
    Kappa Bioscience Extends Research Partnership For COVID-19 Research
    Coatings World

    Latest Breaking News From Coatings World

    Nippon Paint Marine Wins Korea Export Award
    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    January AI Raises $8.8 Million in New Funding
    FDA Clears Ava Fertility Tracking Wearable Device
    First Patient in Europe Treated With Diamondback 360 Coronary Orbital Atherectomy System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Spark Therapeutics Appoints CTO
    Cryoport Launches ESG Program
    U.S. Govt. Purchases 100k Doses of Lilly's COVID-19 Antibody Cocktail
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Top Beauty Products of 2021, According to HelloGiggles
    Estée Lauder Taps Ana de Armas as Global Brand Ambassador
    Sephora Announces Significant Expansion
    Happi

    Latest Breaking News From Happi

    What You're Reading on Happi.com
    Cosmetic Chemical Sales To Post CAGR 5.8% To 2025
    ACI Urges Senate to Approve Regan as EPA Administrator
    Ink World

    Latest Breaking News From Ink World

    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    FTA converts Forum & INFOFLEX to virtual events
    Xeikon launches two new digital label printing presses
    UFlex adds capacity in packaging films
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Texas Medical Technology Partners with My Protect Kit
    Mexico City Single-Use Plastics Ban Leads to Tampon Shortage
    Believe Diapers Launch in U.S.
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    First Implantation of CTL Amedica's Minimally Invasive Flex Tower
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login