CONSTRUCTION PAINTS AND COATINGS MARKET ANALYSIS

Market News

Global Paints and Coatings Market– Recent Developments

• In August 2021, PPG Industries, a U.S.-based company that provides speciality materials, paints, and coatings, launched PPG ENVIROCRON PCS P4 powder coatings for use on furniture, home decor, and architectural projects. It has application ranging from urban and office furniture to aluminium and steel substrates for building construction. This is the most recent generation of powder coatings satisfies the rising demand for matte and premium-textured surfaces. \
• In June 2021, AkzoNobel, a Netherlands-based manufacturer of paints, coatings, and chemicals, acquired Grupo Orbis, a manufacturer of paints and coatings. The expansion of AkzoNobel's position in South and Central America was made possible by this acquisition.
• In December 2020, Jotun, launched its Jotacote Universal S120 primer in the markets of West Europe and North East Asia. It was the first single-coat, solvent-free system to receive Performance Standards for Protective Coatings approval. Jotacote can be used in all-season.Where short drying times are required, use a fresh building coating.

In November 2022, The Sherwin-Williams Company, a U.S.-based company that manufactures paints and coatings, acquired Oskar Nolte GmbH and Klumpp Coatings GmbH. This acquisition supports the company's acquisition of complementary, superior, and distinguishing businesses and offers opportunities to hasten their profitable expansion in the global industrial wood market.