INDUSTRY NEWS

PPG Finishes the Acquisition of Specialty Material Producer Dexmet

Published Date | 2019 August 30

The acquisition done by PPG will help the company to expand its business across the globe 

Global: PPG had completed its acquisition of Dexmet Corporation, a manufacturer of specialty materials for surfaces in aerospace, automotive and industrial applications. Sverica Capital Management proclaimed the signing of a purchase agreement to sell Dexmet to PPG. This marks the culmination of a positive partnership with Dexmet, during which the company experienced strong growth over Sverica's six-year investment period. The acquisition of Dexmet will enable PPG to deliver further value to customers by enhancing its range of product offerings, expanding research and development capabilities, and increasing market reach across aerospace, automotive and industrial coatings businesses.

According to BlueWeave Consulting, The rise in the striking of automation mode of packaging benefits over traditional methods coupled with the delivery of real-time diagnostics & performance information and need of safety concerns are vital factors expected to encourage the growth of the Global Packaging Automation Market in the upcoming period. Rising demand for complete packaging line from end-users, shift in purchasing trends, improving labor productivity, ensuring quality, and reducing packaging and storage costs will fuel the growth of the Packaging Automation Market. Also, the application of the automation system in packaging will enhance packaging processes, delivering high-quality products, increase manufacturing productivity, improve customer service, and efficient management of packaging processes will boost the market. Consumers are steadily focusing on sustainable packaging owing to the growing consumer awareness about the wastage caused by the packaging material. Furthermore, rising disposable income, large population, and technological advancement boosting the demand for packaging in numerous industries. 

According to BlueWeave Consulting upcoming reports “Global Packaging Automation Market Size, By Product Type (Automated Packagers, Packaging Robots, And Automated Conveyors & Sortation Systems), By Application (Wrapping, Capping, Filling, Labeling, Palletizing, And Others), By End-Use-Industry (Food & Beverage, Healthcare & Pharmaceutical, Automotive, E-Commerce & Logistics, Chemicals, And Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America); Growth Potential, Trends Analysis, Competitive Market Size And Forecast, 2019-2025”

The Global Packaging Automation market is estimated to grow at a significant rate, during the forecast period 2019-2025. Packaging Automation is the process of packaging a product without human assistance. They can be as simple as automatically forming and sealing cartons to fully automated packaging lines that seal stack and unitize entire pallets of goods. These automated packaging machines provide smart workflows and eliminate redundant tasks, allowing them to do more with less.

Global Glass Packaging Market by Application (Beverages Packaging, Food Packaging, Pharmaceutical, and Personal Care), by Region (North America, Europe, Asia Pacific, Middle East& Africa and Latin America); Size and Forecast, 2015-2025

Despite numerous packaging solutions, glass-packaging industry presents promising growth prospects and expected to have upward trend over the forecast period 2019-2025. Glass is one of the most trusted packaging materials in terms of health, taste and the environment safety. Glass is the most commonly used packaging material in various industries like pharmaceutical, food & beverage, and personal care. Owing to its high quality like reusability, heat resistivity, sterility, and zero affinity toward chemicals.

Global Paints and Coatings Market Size, 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 (North America, Europe, Asia Pacific, Middle East& Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025

The Global Paints and Coatings Market is expected to grow at a significant rate, during the forecast period 2019-2025. Paints and Coatings Paint is a substance that consists of a pigment suspended in a liquid or paste vehicle such as oil or water to thin coat to various surfaces such as wood, metal, or stone. Its primary purpose is to protect the surface to which it is applied, paint also provides decoration.  It is used for interior and exterior house painting, boats, automobiles, planes, appliances, furniture, and many other places where protection and appeal are desired.