India Automotive Paints And Coatings News

Recent industry report about India Automotive Paints And Coatings company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ India Automotive Paints And Coatings Market industry experts.

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India Automotive Paints And Coatings News

  • May 2022: BASF expanded its Automotive Coatings Application Center at the Coatings Technology Center in Mangalore, India in order to boost its customer service capability.
  • February 2022: The long-standing cooperation between McLaren Racing and AkzoNobel was extended and enhanced. The new multi-year agreement was expected to build on the successful 13-year partnership and explore new sustainability, technical innovation, and product development potential.
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  • December 2023: The EQT X fund and Zeus Company Inc. announced a joint agreement for EQT to acquire Zeus Company Inc. from the Tourville family. EQT also announced that John Groetelaars, former CEO of Hillrom and EQT Industrial Advisor, will serve as Zeus’ Executive Chairman upon the closing of the transaction.
  • May 2023: Precision Coating Company Inc. announced the acquisition of Providence Texture LLC in Smithfield to bring a knowledgeable team, new surface technologies, and the ability to integrate laser technology into the current portfolio of coatings and surface treatments, which include anodic coatings, ion implantation, and fluoropolymer coatings.
  • February 2024: BASF Coatings signed a partnership agreement with INEOS Automotive for its Global Body and Paint Program. The partners will work together on a strategic partnership that sets them apart from the rest of the industry and allows them to go above and beyond the industry standard when it comes to vehicle body repairs and paint refinishes. The partnership will include sustainable refinish services, expertise, and digital color-matching solutions and training.
  • July 2023: The Sherwin-Williams Company and the Mercedes-AMG PETRONAS Formula One Team announced a new partnership. Sherwin-Williams is the Official Team Partner of the Mercedes-AMG PETRONAS Formula One Team. Sherwin-Williams became the approved supplier of automotive paint and coatings for the team’s F1 cars.
  • March 2023: Eastman Chemical acquired Ai-Red Technology (Dalian) Co. Ltd, a manufacturer and supplier of paint protection and window film for automotive and architectural markets in Asia-Pacific.

The recent developments pertaining to the studied market will be covered in a full report.

  • March 2023: PPG launched the PPG SIGMAGLIDE 2390 marine coating to help shipowners lower power consumption and carbon emissions and meet demands for higher performance without adversely impacting the marine environment.
  • March 2023: Hempel joined the International Maritime Organization's (IMO) Global Industry Alliance (GIA) for Marine Biosafety to collaborate with the industry to reduce shipping emissions and mitigate the spread of invasive species.

The recent developments pertaining to the major players in the market are being covered in the complete study.

  • The recent developments pertaining to the major players in the market are being covered in the complete study

The recent developments pertaining to the major players in the market are being covered in the complete study.

The recent developments pertaining to the major players in the market are being covered in the complete study.

  • October 2022: Benjamin Moore & Co. enhanced its ultra-premium AURA Interior paint with a new acrylic resin and cutting-edge formula to bring the coating to new heights of beauty and performance.
  • September 2022: Kelly Moore Paints was acquired by Flacks Group, a global investment firm. Flacks Group acquired 157 retail stores across California, Nevada, Texas, and Oklahoma and manufacturing facilities in Hurst, Texas. This move will strengthen the company's position in the North American region.
  • August 2022: PPG Industries Inc. announced an investment of USD 11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project was expected to be completed by mid-2023 and was to allow the plant to meet the expected future demand for powder coatings in Mexico.
  • May 2022: AkzoNobel Powder Coatings developed a range of ready-to-ship (RTS) powder coatings, mainly for the North American market. The new range included AkzoNobel's powder coatings brands, Resicoat and Interpon, and was suited to serve urgent coatings projects.

India Automotive Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)