The major participants operating in the Asia-Pacific epoxy coatings market are AkzoNobel N.V. (Netherlands), Kansai Paint Company Limited (Japan), Nippon Paint Company Limited (Japan), Berger Paint India Limited (India), BASF SE (Germany), and Valspar Corporation (U.S.).
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AkzoNobel N.V. is a leading paint & coating company based in the Netherlands. The company also operates in two major segments—specialty chemicals and decorative paints. It holds the leading position owing to its diversified product portfolio within epoxy coatings, better geographic coverage, continuous technological advancements, and new product developments.
In May 2015, AkzoNobel built performance coatings facility worth USD 39 million in Thailand, which will cater the demand for paints & coatings in Southeast Asia. In addition, in June 2014, AkzoNobel invested more than USD 8.58 million in its Songjiang site near Shanghai, China to expand an existing research center by adding a dedicated facility for the company’s performance coatings business.
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Nippon Paint Company Limited is also one of the key players in the waterborne epoxy coatings market in Asia-Pacific. The company manufactures coating products for automotive and industrial applications. In January 2014, Nippon Paint acquired Opel brand from DGL Camel (China). Opel Paint dominates the Shanghai market. The main purpose of this acquisition is to offer a wide range of high-quality waterborne coating products to customers.
The company expanded its plant production capacity by setting up two factories, one to serve the automotive paints for OEM business and the other for auto refinish paints, in August 2013. The new plants are scheduled to start by mid-2016.
