Q2 2021 Financial Results
Performance Coatings Demand Environment
Refinish
The refinish market showed sequential improvement in Q2 with traffic
indicators improving across all regions
■
-
I
U.S. miles driven have returned to normal levels in Q2 with July expected
to be ~5% above 2019 levels; body shop activity down ~10-12% versus
2019 levels
- Latin America miles driven showed sequential improvement in Q2 with
Brazil up 14% above pre-COVID levels, while Mexico remained weaker,
down 7% below pre-COVID levels in Q2
For Asia, COVID related lockdowns impacting miles driven in India in May;
China seeing increasing collision claims; Japan (+32%) and Australia
(+10%) also strong with traffic growth versus pre-COVID baselines
Industrial
-
Europe miles driven continued to improve markedly in Q2 with June as
much as 12% over 2019 levels; body shop activity has recovered to around
10% below 2019 levels in the quarter
Broad-based global industrial demand recovery; notable growth from Energy
Solutions, Building Products, and General Industrial
U.S. housing market remains strong, though growth rates slowing
Raw material supply constraints impacted potential further sales upside in Q2
in Americas Building Products and globally across General Industrial
9
A
AXALTAView entire presentation