‘Coatings 100' Report Examines Changing Face of Industry Worldwide
LONDON - An increasingly complex global industry structure has resulted in the concentration of coatings manufacturing in the hands of various industrial companies and private-investment firms as well as the giant chemical and "brand-management" concerns, a new industry study concludes.
"The Coatings 100," from Information Research Ltd., London, says the structure of the global coatings industry has been markedly reshaped by mergers and acquisitions that have seen private equity firms holding majority stakes in coatings businesses, hardware retailers operating their own coatings-production facilities, and chemical companies holding relatively small coatings positions. These coatings businesses "compete alongside diversified chemical giants and brand-management companies for a slice of the world paint market," the publishers say.