Industrial Coatings Companies

Industrial Coatings Market

October 2023- A leading international producer of repair composite materials and industrial protective coatings, Belzona, disclosed a collaboration with Svensk Kompositteknik AB, based in Karlstad, Sweden. Svensk Kompositteknik AB will cater as Belzona's distributor for Sweden going onward.

October 2023- Archipelago Technology Group has clinched scale-up funding for its ongoing commercialization drive. Based at St John's Innovation Centre in Cambridge, Archipelago is the developer of PowerdropTM, a novel technology for the efficient application of industrial coatings for the packaging industry. Turquoise, a UK merchant bank specializing in energy, environment, and efficiency, has announced an investment by Low Carbon Innovation Fund 2 (LCIF2) in the company. This forms part of a capital raising round of nearly £1.5 million comprising both equity and an Innovate UK grant provided under the Future Economy Programme. Co-investors included members of the management team, Cambridgeshire and Peterborough Business Growth Company, and several angel backers. Ian Thomas, managing director at Turquoise, commented that there is an ever-stronger move to replace plastic packaging with lower-carbon, recyclable materials, and Archipelago's Powerdrop coating system helps to facilitate the switch to fiber-based packaging. The Archipelago co-founder and CEO, Guy Newcombe, said that, moreover, it has applications in a range of other industries to reduce the significant levels of waste arising from traditional methods of applying coatings. Archipelago is delighted to have received the backing of the Low Carbon Innovation Fund 2, Turquoise Capital, Cambridgeshire Peterborough Business Growth Company, Innovate UK, and selected angel investors in this sizeable funding round.

Key Companies in the industrial coatings market include

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  PPG Industries Inc. (US)

  
  


• The Sherwin-Williams Company (US)


• Akzo Nobel N.V. (Netherlands)


• Axalta Coating Systems (US)