The ChemQuest Group Newsletter
November/December 2023
As the holiday season approaches and we begin to consider year-end results, the specialty chemicals sector can look back on 2023 as a stabilizing time. The major disruptions caused by the COVID-19 pandemic and various supply chain crises are finally in the past, and we are truly operating in the “new normal” that for so long had only been aspirational.
2023 was a busy and exciting time for ChemQuest, as we continued to be asked by global publications, associations, and other organizations to share our insight. This newsletter shares some of the recent highlights below. If you’d like to explore more of our thought leadership contributions, please visit
We also drew on our combined expertise to assist clients with a wide array of goals. For example, we assessed the implications of macro trends related to rare earth metals, lithium, cobalt, composites, and nanotechnology on the chemical and materials sectors. In addition, our team helped clients diversify product portfolios through targeted acquisition strategies, improve EBITDA with restructured manufacturing operations, explore novel technologies in formulated and processed materials, and by providing expert witness testimony.
We are seeing many reasons for optimism for the coming year, and we look forward to working with you to identify and achieve your business goals. Please don’t hesitate to reach out and get the conversation started.
Daniel Murad, CEO, The ChemQuest Group, Inc.

Access the Latest Market Research
2023 Paints, Coatings, Adhesives:
The Turning Point for Margins?
Macro Uncertainty Persists

Fermium Research recently hosted Dan Murad on their 24th annual Paints, Coatings, and Adhesives presentation to the investment community. He provided an overview of market conditions, trends, and forecasts, noting the outlook is somewhat more favorable for coatings producers than for raw material suppliers.

Read Our Thought Leadership Publications
ChemQuest experts share their insights through in-depth feature articles and informative columns to help you understand key industry dynamics, evolving technologies, and business strategies.
The State of the U.S. Paint and Coatings Market: More Reliable Supply Chain, Slight Decline in Volume by George Pilcher
As of mid-2023, most raw material suppliers and coatings producers were able to produce sufficient material to fill their orders, though often with lead times that are longer than was the case just four years ago.

Dig in to George Pilcher's annual in-depth analysis of the industry's current status, trends and drivers, and forecasts for the future.

Formulating with Flexibility
by Edwin Hortelano, Ph.D.

Finding innovative solutions to today’s ever-evolving development challenges encourages collaboration, but what is the most vital tool for successful R&D teams?

Coatings Raw Materials Following the Supply Chain Crisis
by George Pilcher

Though the supply chain crisis is essentially behind us, the global paint and coatings industry still faces challenges relating to raw materials and chemicals.

Focus on Sustainability has Powder Coatings Poised for Growth in the U.S.
by Eric Casebolt

The powder coating market is projected to see strong growth through 2028, particularly in the U.S. What’s driving this expanding demand?

Expand Your Knowledge with Our Webinars
Our team shared expertise in manufacturing efficiencies and business strategy through multiple webinars over the past several months. If you missed the opportunity to attend any of these webinars live, descriptions and recordings are available below.
Process Optimization and Overall Equipment Effectiveness
You'll learn about operational efficiencies in this webinar, as well as concepts like yields, margins, key performance indicators (KPIs), methods to implement and sustain improvements in manufacturing operations, and SKUs.

Optimizing Plant Operations including Design Considerations for Growth
This webinar shares insights regarding facility start-ups, plant expansion opportunities, operations capacity increases, alternate capabilities, plant relocations, and asset retirements.

Optimizing Supply Chain to Increase the Bottom Line
In this webinar, you’ll learn strategies for optimizing in-house vendor management, achieving quality improvement, and improving lead times to customers. Hear about vendor sourcing, logistics, transportation/freight, and buyer groups.

Safety First!
Best Practices in Environmental, Health, and Safety
Focusing on EPA and OSHA compliance and operation procedures, this webinar addresses hazardous waste, air and water emissions, process safety, personal protective equipment, emergency response, and hazard communications.

Harnessing the Power of Business Cycle Analysis
In this webinar, we explain and demonstrate the benefits of Business Cycle Analysis in helping companies assess the economy, identify trends, and capitalize on emerging opportunities. You'll learn about key economic and coatings market indicators, as well as how to track them using the interactive Business Cycle Analysis tool within the Coatings TraQr® platform.

Engage with Us at Industry Events
Nothing beats in-person interactions, and the ChemQuest team looks forward to numerous opportunities to share expertise and network with colleagues at key industry events.
São Paulo, Brazil | November 21-23
Daniel Murad, ChemQuest CEO, and Milis Rodrigues, director, will be on hand at the ABRAFATI Show next week. Dan will give a keynote on "Global Coatings Market Assessment and Trends: Focus on South America" on November 21.
We also hope to see you at these upcoming events:
Welcome Our Newest Team Member!
Wayne Daniell, Ph.D.
Director EMEA
During a career spanning more than 27 years, Wayne founded and managed companies that developed nanomaterials and various coatings additives for use in markets such as consumer electronics, renewable energy, and white biotechnology.

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