Global: Japan’s Nippon Paint Holdings Co Ltd has agreed to buy Australia’s biggest paint maker Dulux Group Ltd for A$3.8 billion ($2.7 billion), to expand its global footprint and strengthen its No 1 position in Asia and Pacific region. DuluxGroup is a leading player in the decorative paint market in the Pacific region where the demand is expected to grow, and is a blue-chip company with stable and continuous track record of profit growth since its demerger in 2010. The acquisition will help Nippon paints incorporate the Pacific and Asian markets and further strengthen its hold on the Asian market. The acquisition will catapult Nippon Paint, the world’s fifth-largest paint maker, from a bit player to the biggest paint seller in the Asia-Pacific region. By incorporating the Pacific region, Nippon optimizes the balance between the fast-growing regions like China/Asia and the stable-growth regions like Japan, US, Europe, which ensures Nippon’s further strong business structure.
According to BlueWeave Consulting, Increasing demand from several end-use industries such as automotive, construction, marine, aerospace, protective, transportation, wood coatings, and packaging will upsurge the paints and coatings industry in upcoming year. Paints and coatings are key elements in protecting building structures and components. They are providing Excellent Durability & Protection, Measurable Thickness, Hardness, Ease of Maintenance, and Resistant to Contamination, Hydrophobic Properties and Intense Gloss and Shine. Besides regular cleaning, painting any equipment is vital to protect it against environmental factors such as improved appearance, Rust and corrosion prevention, Thermal protection, water resistance, extended equipment service life and also helps increase productivity.
Additionally, coatings have an impact on air quality and odor elimination, mildew and mold resistance and microbicidal properties. Also, they improve air quality and reduce the presence of unpleasant odors through it, they neutralizing airborne concentrations of formaldehyde and other aldehydes. Increased spending on construction activities and surge in auto sales will boost the global paints and coatings industry in next few years.
According to BlueWeave Consulting‘s upcoming report, Titled-“Global Paints and Coatings Market, By Resin(Acrylic, Polyurethanes, Polyesters, Epoxy, Alkyd), By Technology (Water based, Solvent based, High Solid, Powder, and Others), By Application(Automotive and Transportation, Aerospace, Building and Construction, Packaging, Health Care and Medical Devices, Marine, Electrical and Electronics), By Region, Size and Forecast 2019- 2025”- Global Paints and Coatings market is expected with grow with a significant rate in forecast period, 2018-2025, due to rise in urbanization rise in population globally and changing lifestyles coupled with advancements in the building & construction industry. Furthermore, the growth of the middle-class population in emerging economies, improving standards of living, coupled with growing disposable income, has led to increased purchase of vehicles among consumers will trigger the global paints and coatings market in future timeline. In addition, rise in demand for bio-based products and sustainable solutions, including amendments in regulations in the recent past will propel the growth of global paints and coatings market in forecast period.