According to “Coatings: A Global Strategic Business Report,” a new report by Global Industry Analysts Inc., the global coatings market is expected to reach 8.7 billion gal and $107 billion by 2017.
MAPEI recently announced it will mark its 75-year anniversary this year. Founded as a three-person startup company that manufactured coatings for commercial buildings in Milan, Italy, the MAPEI Group now employs 7,500 people and operates manufacturing facilities, distribution centers, and commercial offices worldwide.
PPG Industries recently reported net sales of $3.8 billion for the first quarter of 2012, an increase of 6% compared to the prior year's first quarter.
Akzo Nobel N.V. recently reported first quarter revenue of €3.97 billion (~ $5.24 billion), an increase of 6% compared with the same period in 2011, mainly driven by pricing actions to offset higher raw material costs.
A new glass coating can provide an environmentally friendly and cost-effective solution for transportation applications, including automotive OEM, commercial vehicles, and the aftermarket.