Nov, 08 2023

Akzo Nobel N.V., Nippon Paint Holdings Co., and PPG Industries, Inc. dominated the Asia-Pacific Wood Coatings Market in 2021

Asia-Pacific Wood Coatings Market is expected to grow with a CAGR of 5.6% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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Asia-Pacific Wood Coatings Market is a highly consolidated market, which includes a specific number of key players and local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Asia-Pacific Wood Coatings Market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

In February 2020, PPG Industries, Inc. acquired Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates. With this development company can enhance its market share in the coatings industry

In October 2018, Akzo Nobel N.V. acquired Xylazel S.A. to strengthen its decorative paints and woodcare market. With this development company is expecting to become the global leader in decorative paints and woodcare segment

Akzo Nobel N.V.

Akzo Nobel N.V. is headquartered in Amsterdam, Netherlands. It has public ownership and was founded in the year 1994. The company is an expert in making coatings and the most sustainable paints while consistently innovating to deliver sustainable solutions to customers. The company has business segments such as decorative paints and performance coatings under which performance coatings are a market-focused segment. The company has wide products such as decorative paints, automotive and specialty coatings, industrial coatings, marine, protective, and yacht coatings, powder coatings under which industrial coatings are the market-focused product. The company has a global presence in Europe, Africa, North America, Asia Pacific, and South America. The company has subsidiaries which are International Paint (U.K.), Tintas Coral Ltda. (Brazil), Mapaero SAS (France), ICI Dulux (Proprietary) Limited (South Africa) among others.

In March 2021, Akzo Nobel N.V. acquired Industrias Titan S.A.U. (Titan Paints), to strengthen its paints business and footprint in Spain to become one of the market leaders in the region. With this development company is enhancing its market share in the region

Nippon Paint Holdings Co.

Nippon Paint Holdings Co., Ltd., is headquartered in Osaka, Japan, as public ownership and founded in 1881. The company is a leading global manufacturer of paint, coatings, and paint products. The company has business segments such as Japan, Asia, Oceania, Americas, under which Asia is the market-focused segment. The company offers a wide range of product categories such as Paints for Home Use (DIY), Paints for Architectural Structures, Automotive Coatings, Industrial Coatings, Surface Treatments, Marine Coatings under which Paints for Home Use (DIY) is the market-focused category. The company has a global presence in the Americas, Europe, and the APAC. The company has subsidiaries such as Nippon Paint Industrial Coatings Co., Ltd. (Japan), Nippon Paint (India), Betek Boya ve Kimya Sanayi A.S. (Turkey), Nippon Paint Singapore Co. Pte Ltd (Singapore), Duluxgroup (Australia), among others.

In October 2020, Nippon Paint Holdings Co., Ltd. received the Asia Responsible Enterprise Awards 2020 in Recognition of its CSR Activities in Asia, which will help the company to enhance its goodwill in the region

PPG Industries, Inc.

PPG Industries, Inc. is headquartered in Pittsburgh, the U.S., as public ownership and was founded in 1883. The company is engaged in manufacturing paints, coatings, optical products, and specialty materials. The company has business segments such as Performance Coatings, Industrial Coatings, under which Industrial Coatings is the market-focused segment. The company offers a wide range of business categories: Aerospace, Architectural Coatings, Automotive OEM Coatings, Automotive Refinish, Industrial Coatings, Packaging Coatings, Protective and Marine Coatings, Specialty Coatings and Materials, Coatings Services, under which Industrial Coatings is the market-focused business category. The company has a global presence in North America, Latin America, APAC, Europe, and the Middle East and Africa. The company has subsidiaries which are Comex Group (Mexico), Tikkurila (Finland), Glidden (U.S.), Karl Wörwag Lack- und Farbenfabrik GmbH & Co.KG (Germany), and PRC - Desoto International, Inc. (U.S.), among others.

In November 2020, PPG Industries, Inc. introduced PPG ENVIROCRON HeatSense powder coating for heat-sensitive wood and wood-composite applications, such as medium-density fiberboard (MDF), hardwood, plywood, and similar products. With this development company can enhance its product portfolio in the market

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