In the first six months of 2020 the global market lost about -9 % in value, while the TOP 11 global producers lost over -10 % in sales revenues compared to 2019. Companies serving the decorative paint market fared better than suppliers focused on industrial coatings.
According to the market research and consulting organisation Chem Research, the TOP 11 global producers suffered a 17 % sales revenue loss in the second quarter of 2020 compared to 2019.
Singapore's Wuthelam Group will take majority control of Nippon Paint, spending EUR 13,2 billion to raise its stake to just under 60 per cent from 39 per cent now.
Sun Chemical and its parent company, DIC Corporation, have acquired Seller Ink Industria e Comércio de Tintas e Vernizes, a specialty inks and coatings manufacturer based in São Paulo, Brazil.
Henkel Adhesive Technologies recently broke ground for a new production area for UV-curable acrylic pressure sensitive adhesives (PSA) at the site in Salisbury, North Carolina.
The restructuring of the German company under the "Dörken" umbrella brand and the merger of the paints, coatings and pastes business to form Dörken Coatings should create scope for synergy effects.
