Pratiksha
The Global Decorative Paints & Coatings Market was valued at USD 57.17 billion in 2019 and is anticipated to grow at a CAGR of 5.4% during the forecast period, to reach USD 91.31 billion by 2028. Paints and coatings are not by themselves useful products but make other products better, more durable, stylish, safer and sellable.
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Key Development:
- In 2016, BASF acquired Chemetall, which provides various surface treatment products, services, and technologies across the globe. This acquisition helped BASF to increase its paints and coatings product portfolio with a strong geographical market presence across various end-use applications.
- In Sep 2017, AkzoNobel N.V. has officially opened the World’s most advanced and sustainable paint plant in Ashington, the U.K. It represents the largest ever global investment by the company’s Decorative Paints business.
The key leading players in the market include Kansai Paints Co., Ltd., PPG Industries, Inc., Akzo Nobel N.V., The Sherwin-Williams Company, Asian Paints Limited, Nippon Paint Holdings Co., Ltd., BASF SE, Masco Corporation, Jotun Group, and RPM International Inc.
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