Market News

Key Developments

Major companies engaged into automotive coatings manufacturing are adopting various strategies such as collaborations and new product developments in order to maintain their market share in the global automotive coatings market. For instance, January 2017, Axalta Coatings Systems, a leading company in powder and liquid coatings launched an online system, Paint Shop Management (PSM) for automotive collision repairers in India and Thailand.

In February 2018, BASF’s coating division launched new product lines for its R-M and Glasurit refinish paint brands in Europe, which makes automotive refinishing more sustainable.

In March 2019, PPG, a global leader in paint, coatings, and specialty materials completed the acquisition of Whitford Worldwide, specializes in manufacturing wear-resistant and low-friction coatings for industrial applications including aerospace, energy, automotive and construction projects.

In July 2019, Nippon Paint Automotive Coatings Co., Ltd., opened a new manufacturing facility the town of Kolin, Czech Republic. This facility is opened for the production of automotive coatings.