The top ten international news in the coatings industry in 2024 announced

In the context of the global coatings industry facing various uncertainties such as the slow development of the world economy and developed countries facing high inflation, geopolitical risks, rising energy costs, and intensifying market competition, life for international coatings giants seems to be not easy, and they are trying to take Selling businesses, divesting assets, closing factories, laying off employees, introducing strategic investors, etc. are ways to maintain their market position and maintain competitiveness, especially focusing more on improving profitability.

In order to sort out the development status of the global coatings industry over the past year, “Tujie”, a professional financial media for China’s coatings industry, selected 10 influential news events, namely:

“Kelly Moore USA ceases operations”
“PPG sells U.S. and Canadian architectural coatings business”
“Hempel sold 30% of its shares to CVC Fund”
“AkzoNobel plans to sell assets or cut jobs and close factories”
“BASF releases new strategy and plans to sell part of its coatings business”
“US PPG plans layoffs and plant closures”
“Nippon Paint spends US$2.3 billion to acquire American AOC”
“Sherwin-Williams replaces Dow in Dow Jones Industrial Average”
“Chinese paint companies are planning to expand into overseas markets”
“The world’s first paint company with a market value of US$100 billion was born.”