INDUSTRIAL COATINGS MARKET ANALYSIS

Industrial Coatings Market, By Category (Water-borne, Solvent-borne, Powder, E-coat, and Others), By Resin Type (Polyurethanes, Epoxy, Acrylic, Fluoropolymers, and Others), By Application (General Industrial Equipment, Automotive Coatings, Coil & Extrusion, Energy & Power, Packaging, Marine, Aerospace, Rail, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

In 2021, Berger Paints India Ltd, an India-based paint company in Kolkata, acquired Shalimar Tar Products Ltd. (STPL), a manufacturer and supplier of construction chemicals, concrete admixtures, and waterproofing chemicals, with an objective to expand their product portfolio of waterproofing and protective coatings.
In January 2020, Royal DSM launched a bio-based self-matting resin for in that has been successfully incorporated by coating formulators.
In 2021, Koninklijke DSM N.V., a global science-based company in nutrition, health, and sustainable living, launched Uralac Easy Cure resin, P3225, for fast-cure or low-temperature powder coating applications for architectural components. Uralac Easy Cure P3225 can be cured in few minutes at 180°C and offers a unique combination of coating benefits by enabling good appearance, higher degassing limit, robust outdoor durability, and reliable storage stability.