BASF has launched the manufacturing of its first bio-based polyol, Sovermol, in Mangalore, India. This product meets Asia Pacific's rapidly expanding need for environmentally friendly goods for use in New Energy Vehicles (NEV), windmills, flooring, and protective industrial coating.
Axalta Coating Systems introduced a new Paint Shop Management (PSM) system built on the Axalta New Generation Software (NGS) color control center system throughout Asia Pacific and the Middle East and North Africa (MENA). The PSM module is intended to help automotive refinish suppliers and body shops with performance and business improvement as an effective management tool.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4877
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rapid industrialization in emerging countries is the major factor driving the market growth.
The market size of industrial floor coating is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.
The major players in the market are The Dow Chemical Company, 3M Company, Astellas Pharma Inc., PPG Industries, Inc., Akzo Nobel N.V., RPM International Inc., Axalta Coating Systems, LLC, A & I Coating Ltd, The Lubrizol Corporation, and others.
The manufacturing segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.