ACRYLIC COATINGS MARKET ANALYSIS

Market News

Key Developments

Various players in acrylic coatings market are engaged in developing organic or inorganic growth strategies such as merger, acquisitions, joint venture, plant expansion and new product launch, in order to strengthen their global position. For instance,

• In February 2016, BASF, one of the leading chemical producer launched AQAcell® HIDE 6299 and Acronal® 7079, polymer dispersion products. Acronal® 7079 is an acrylic polymer dispersions in India. It creates water barrier property and helps prevent formation of cracks. It is ideal for clean and durable elastomeric wall coating and is excellent in dirt pickup resistance.
• In July 2016, CIN, operates in paint and varnish market, launched water-based acrylic coating, C-CRYL W680 MATT, for protecting structural elements in concrete and cementitious mortars such as viaducts and bridges.
• In May 2017, Berger Paints India Ltd., acquired 51% stake of Saboo-Hesse Wood Coatings Pvt. Ltd., that sells acrylic wooden coatings.
• In November 2018, Inland Coatings Holdings, provider of coatings, acquired TRUCO Inc., the manufacturer of acrylic roof coatings and elastomeric rubber.
• In April 2018, Sherwin-Williams, manufacturer of paints and coatings, launched Loxon Self-Cleaning acrylic coating, designed for exterior, above-grade masonry to provide attractive and clean look with high performance protection.