Market News
Recent Developments
New product
- AkzoNobel: In 2021, AkzoNobel (multinational company which creates paints and performance coatings for both industry and consumers worldwide) launched its new Aquadur 4000 waterborne floor coating. This coating is designed for use in commercial and industrial applications, and it offers excellent durability and performance.
- The Sherwin-Williams Company: In 2022, The Sherwin-Williams Company (leader in the manufacture, development, distribution, and sale of paints, coatings) launched its new Emerald Universal Latex Paint. This paint is designed to be used on a variety of surfaces, and it offers excellent coverage and durability.
- BASF: In 2022, BASF launched its new PurColor Premium Latex Paint. This paint is designed to provide superior color retention and durability, and it is available in a variety of colors.
Acquisition and partnerships
- May 2021 - Axalta Coating Systems (specializing in coatings in a wide variety of industrial applications) acquired Capital Paints Limited, a leading industrial wood coatings manufacturer in India. This acquisition expanded Axalta's footprint in the Asia Pacific region and strengthened its product portfolio with Capital Paints' waterborne and powder coatings. It is likely to boost Axalta's sales and market reach in the Indian and Southeast Asian latex coating industries.
- September 2022 - BASF received approval from the European Commission for its acquisition of the polyglycols business from Solvay. This acquisition enhanced BASF's positions in latex binders, coating additives, and sustainable chemicals It allows BASF to provide more comprehensive solutions to the coatings industry and is likely to increase its revenue from latex coatings going forward.
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