Market News
Australia Corrosion Protective Coatings and Acid Proof Lining Market: Recent Developments
- In June 2022, PPG released the first commercial retroreflective powder coating in the industry, the PPG ENVIROCRONTM LUM coating. PPG is the world’s leading coatings company by consistently delivering high-quality, innovative and sustainable solutions. The layer, which is still pending patent protection, is made to improve vision at night and in dim lighting.
- In February 2021, Hempel announced a purchase agreement with Wattyl (Australia's leading manufacturer of decorative and protective coatings). The acquisition of Wattyl will strengthen the company’s position as the leading digital platform in the Austrian industrial coatings market.
- According to British Petroleum, Australia produced 435 thousand barrels of oil per day on average in 2021, down from 453 thousand barrels per day in 2020.