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Business Standard
27-06-2025
- Business
- Business Standard
JSW Paints to buy 74% stake in Akzo Nobel India for ₹8,986 crore
Billionaire Sajjan Jindal-owned JSW Paints on Friday signed definitive agreements to acquire up to a 74.76 per cent stake in Akzo Nobel India Ltd for ₹8,986 crore ($1.08 billion), as the group looks to consolidate its presence in India's fast-growing paints and coatings market. The deal will see JSW Paints purchase shares from Dutch parent Akzo Nobel N.V. and its affiliates, subject to regulatory clearances and a mandatory open offer to public shareholders. The acquisition of the "Dulux" brand of paints would mark one of the largest buyouts in India's paints industry and significantly bolster JSW Paints' market position against established players such as Asian Paints and Berger Paints, and the Aditya Birla Group's newly launched brand. Akzo Nobel India, which markets well-known global brands such as Sikkens, has been a strong performer for its Dutch parent. 'We are confident the business is in the hands of a long-term partner with deep local expertise,' said Akzo Nobel N.V. chief executive officer Greg Poux-Guillaume. The transaction is expected to reshape the competitive landscape in India's decorative and industrial paints segment, which is projected to grow in double digits over the next decade, driven by rising home improvement demand and infrastructure expansion. The deal is subject to approval from the Competition Commission of India and successful completion of the open offer.
Yahoo
15-05-2025
- Business
- Yahoo
Powder Coatings Market Outlook & Forecasts Report 2025-2030: Shift Towards Eco-Friendly and Sustainable Practices, Price Volatility in Raw Materials, Growing Demand for Automotive Vehicles
The global powder coatings market is highly fragmented, with numerous players operating locally and globally across multiple product lines and application industries. The top players dominating the global powder coatings market are AkzoNobel N.V., PPG Industries, Axalta Coating Systems, The Sherwin-Williams Company, Jotun Group, and BASF SE. These companies focus on high technology, especially sustainable and low-temperature curing powder coating solutions, which meet the varied demands of customers and regulatory requirements. Furthermore, strategic collaborations and partnerships have become a necessity in a competitive market environment for the expansion of markets and enhanced service offerings. Companies are investing more in R&D to develop advanced powder coating solutions with improved performance, efficiency, and environmental compliance. Powder Coatings Market Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "Powder Coatings Market - Global Outlook & Forecast 2025-2030" report has been added to Powder Coatings Market was valued at USD 15.17 billion in 2024, and is projected to reach USD 20.87 billion by 2030, rising at a CAGR of 5.46% The global powder coatings market presents relatively large regional variations as a result of industrial development, environmental regulations, and innovations in coating technologies. The APAC region dominated the global powder coatings market in 2024 with a revenue share of more than 38%. This dominance is essentially due to brisk industrialization, urbanization, and growing investment in the auto, construction, and consumer goods sectors, particularly in such countries as China, India, and Southeast Asia. Government moves for infrastructure support and growing requirements for green coatings and high-performance coatings are major drivers of the market in the America also holds a significant share of the global powder coatings market, driven by the growing demand for powder coatings in the automotive and industrial sectors. Powder coatings are encouraged due to stringent regulations on the environment, and growing awareness regarding the benefits of sustainable coatings over liquid coatings holding high percentages of VOC in it. The U.S. and Canada are major contributors with ongoing investments in advanced coating technologies to meet industry-specific requirements. Furthermore, the growth of the powder coatings market in Europe is steady and supported by stringent environmental regulations and a focus on sustainable manufacturing practices. Key markets include Germany, France, and Italy, with significant adoption in automotive, furniture, and architectural applications. This region has also focused on VOC emission reduction and the use of eco-friendly products, thereby stimulating the growth of powder Latin America, expansion in industry, urbanization, and investment in manufacturing industries of countries such as Brazil, Mexico, and Argentina form major growth factors for the powder coatings market. Furthermore, infrastructure development in MEA along with increasing demand for industrial activities in Saudi Arabia, the UAE, and South Africa are giving impetus to the use of powder coatings. The need for corrosion-resistant and durable coatings in the region's harsh climate further supports the powder coatings market growth. Also, Saudi Arabia holds a significant share of the market in the MEA region. The powder coatings market in Saudi Arabia is mainly driven by the construction, automotive, and industrial sectors. As the country continues to focus on infrastructure development and industrial diversification, more and more are being adopted based on the powder coatings' durability and efficiency. Strong regional positioning with a thorough acquisition and joint venture strategy is also an important maneuver by industry leaders in establishing an adequate hold on emerging opportunities. The continued focus on energy-efficient and VOC-free solutions corresponds to the trend toward a sustainable global scenario. As environmental regulations get stringent and industrial demand continues to gain strength, the competition in the powder coatings market will become more acute, leading to further innovation and cooperation. MARKET TRENDS & OPPORTUNITIES Shift Towards Eco-Friendly and Sustainable PracticesIndustries are shifting towards powder coatings due to the growing focus on reducing carbon footprints and environmental regulations. These coatings emit very low VOCs and have a higher material utilization rate than traditional liquid coatings. This is creating opportunities for manufacturers to develop eco-friendly, bio-based powder coatings to meet demands in the powder coatings market. For instance, in February 2025, PPG is investing in powder coatings as part of its strategy to achieve 50% of sales from sustainably advantaged solutions by 2030. Additionally, in 2024, Arkema is expanding its sustainable offerings, showcasing new products at the American Coatings Show 2024 and obtaining Mass Balance ISCC+ certification at its powder coating resins facility in Spain. Meanwhile, AkzoNobel is advancing its powder coatings technology for EV batteries, further contributing to sustainable innovation in the industry. This trend opens opportunities for manufacturers to formulate an eco-friendly, bio-based powder coating to cater to the evolving demands of the powder coatings Demand for Automotive VehiclesThe automotive industry is another big market for powder coatings. As electric vehicles (EVs) take more market share from traditional gas-fueled transportation, the sheer volume of powder needs will increase significantly. Dielectric properties of epoxy powder coatings also offer cost savings opportunities for EV battery manufacturers when compared to liquid coatings. Plus, powder coatings are more adept than liquid at handling the heat of the battery during charging. Additionally, the global automotive aftermarket is witnessing growth, as sales revenue surged by 4% last year to USD 71 RESTRAINTS Price Volatility in Raw MaterialsFluctuating raw material prices, particularly resins and pigments from petrochemical sources, are challenges to the powder coatings market. For instance, epoxy resins, an ingredient in powder coating, are already up 25% over last year. This increase is largely due to constrained supply from major producers in Asia, in addition to a rise in demand in industries like automotive and electronics. Volatility in global crude oil prices and supply chain disruptions can impact production costs and profitability. Manufacturers are compelled to adopt strategic procurement practices and explore bio-based alternatives to mitigate these INSIGHTS INSIGHTS BY RESIN TYPEThe global powder coatings market by resin type is segmented into thermoset resin and thermoplastic resin. Among these, thermoset resins emerged as the dominant segment in 2024. The popularity of thermoset resins can be attributed to their excellent mechanical properties, resistance to heat and chemicals, and ability to form strong, durable coatings upon curing. These properties make them ideal for applications in the automotive, construction, and industrial equipment industries. Additionally, the use of thermoset resins provides environmental advantages since it gives minimal VOCs, aligning with the ever-growing emphasis in the industry to be more environmentally friendly. Furthermore, in the global powder coatings market, thermoplastic resins play a significant role due to their durability, chemical resistance, and recyclability. Key global manufacturers in this segment include BASF SE, Arkema S.A., Dow Inc., LyondellBasell Industries, DSM Engineering Materials, SABIC, Evonik Industries AG, Solvay S.A., and Celanese Corporation. INSIGHTS BY THERMOSET RESINThe largest share within the thermoset resin category was polyester resins, with more than 30% of the total revenue in 2024. The polyester-based powder coatings are widely demanded due to their cost-effectiveness, resistance to weather conditions, and multiple applications. It is widely used in both interior and exterior applications, such as automotive components, garden furniture, and architectural applications like window frames and cladding. The increase in demand for high-performance and durable coatings in the infrastructure and transport sectors remains a strong catalyst for the adoption of polyester-based powder BY END USERThe global powder coatings market by end-user is segmented into consumer goods, automotive, general industrial, furniture, architectural, and others. The consumer goods segment accounted for the most dominant market share, showing that this segment is significant in the powder coatings market. Consumer goods applications include household appliance coatings, electronics coatings, furniture coatings, and metal goods coatings. The superior aesthetic appearance, durability, and corrosion- and scratch-resistance properties of powder coatings make them more preferred in this industry. In addition, the environmental benefits of powder coatings, such as solvent-free and low-waste products, align with the growing demand for eco-friendly products from consumers. With the manufacturer's emphasis on product longevity and aesthetic appeal, the consumer goods industry will continue to remain one of the stronger the automotive industry is a significant contributor to the global powder coatings market revenue. Powder coatings are increasingly being used in automotive applications because they can offer strong protection against harsh environmental conditions, such as UV exposure, salt, and road debris. The automotive industry is also increasingly focusing on sustainability and cost-effectiveness, and powder coatings offer benefits such as low environmental impact, reduced waste, and energy-efficient application processes. Also, the furniture sector is another significant end-user in the powder coatings market share. With the shift in consumer preferences toward more durable and aesthetically diverse furniture options, powder coatings are increasingly used for both metal and wooden furniture. KEY QUESTIONS ANSWERED What is the growth rate of the global powder coatings market? How big is the global powder coatings market? Which region dominates the global powder coatings market share? What are the significant trends in the powder coatings market? Who are the key players in the global powder coatings market? Key Attributes: Report Attribute Details No. of Pages 303 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $15.17 Billion Forecasted Market Value (USD) by 2030 $20.87 Billion Compound Annual Growth Rate 5.4% Regions Covered Global Premium Insights Opportunity Pockets Market Maturity Indicator Regional Insights Report Overview Recent Developments Opportunities & Challenges Segment Analysis Regional Analysis Competitive Landscape Market Opportunities & Trends Shift Toward Eco-Friendly and Sustainable Practices M&A in the Paint & Coatings Industry Focus on Low-Temperature Cure Powder Coating Technologies Market Growth Enablers Growing Demand for Automotive Vehicles Expansion of End-use Industries (Multiple Industries) Rising Popularity of Powder Coatings due to Time-Saving Benefits Market Restraints Limited Applications of Powder Coatings Raw Material Price Volatility Supply Chain Disruption in Powder Coatings Industry Powder Coatings Market Overview Powder Coating Durability Powder Coatings vs Paints Electrostatic Powder Spraying (Eps) Powder Coating Costs 2024 Common Powder Coating Challenges & Solutions The Role of Powder Coatings in Manufacturing The Need for Matte Finish Use of Powder Coatings in Outdoor Furniture, Lawn & Garden Products Key Company Profiles Akzo Nobel PPG Industries Inc. The Sherwin-Williams Company RPM International Inc. Axalta Coating Systems Other Prominent Vendors Allnex GmbH Arkema Asian Paints PPG Pvt. Ltd. BASF Berger Paints India Diamond Vogel dsm-firmenich Dulux Jotun Eastman Chemical Company Evonik Nippon Paint Industrial Coatings Co., Ltd TIGER Coatings GmbH & Co. KG Teknos Group Kansai Nerolac Paints Limited KCC Corporation Sika Wacker Chemie AG Arsonsisi S.p.A. IBA Kimya A.S. CWS - Powder Coatings Erie Powder Coatings Inc. Europolveri SPA Hentzen Coatings, Inc. IFS Coatings Keyland Polymer SAKS-POL Elite Metal Coatings PRISMATIC POWDERS Gema Switzerland GmbH Keystone Koating Rapid Engineering Co. Pvt. Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Powder Coatings Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
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Business Standard
30-04-2025
- Business
- Business Standard
Akzo Nobel grants extension for powder coatings demerger deal execution
Akzo Nobel India Ltd said its board has approved a request from its parent, Akzo Nobel N.V., to extend the timeline for executing definitive agreements related to the proposed demerger of its powder coatings and international research centre businesses, the company said in a statement to the stock exchanges. The Dutch parent has sought an extension until July 1, 2025, according to a regulatory filing, citing ongoing efforts to finalise schedules and ancillary documents and pending approval from its Supervisory Board. The original deadline was May 1, 2025, as outlined in the binding offer letter dated February 24, 2025. The Dutch parent wants to sell the company in an auction, which has attracted offers from the JSW Group, Pidilite, and Indigo Paints, in tie-up with private equity companies. Under the revised timeline, all terms and conditions of the original offer remain unchanged. If the agreements are not executed by July 1 due to non-receipt of internal approvals, Akzo Nobel N.V. has committed to reimbursing Akzo Nobel India for all reasonable costs incurred in connection with the transaction process. The parent has also established a wholly owned subsidiary — Akzo Nobel Powder Coatings India Pvt Ltd — on March 4, 2025, to serve as the acquiring entity in the transaction. The Audit Committee and the Board of Directors of Akzo Nobel India reviewed the extension request in meetings held today, and the board approved the extension.
