AkzoNobel acquired Stahl’s powder activities to strengthen their position as a full-service provider of sustainable solutions for heat-sensitive substrates, and to build on a worldwide leading position by entering emerging market segments. Further, the acquisition enables the introduction of powder application to temperature-sensitive substrates such as MDF, plywood, thermoplastics, and composites.
PPG Industries, Inc. acquired the powder coatings business of Arsonsisi, a top provider of specialty powder coatings for industrial and architectural applications to integrate metallic bonding, in its powder coatings portfolio in the Europe, Middle East, and Africa (EMEA) area to generate over 35% of revenues from sustainably superior products.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4261
Published Date: Jul 27, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing utilization of composite coatings in the packaging industry and the growing construction sector are the major factors driving the growth of the market.
The market size of Composite Coatings is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are PPG Industries, Inc., Sherwin Williams Company, RPM International Inc., AZTRON TECHNOLOGIES, LLC, Axalta Coating Systems, A.W. Chesterton Company, OM Sangyo Co., Ltd., SURTECKARIYA Co., Ltd.
The oil & gas segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.