BASF SE, Henkel AG & Co. KGaA and AKZO NOBEL N.V. are dominating in the Europe Primers in Construction Market in 2021

Europe Primers in Construction Market are expected to grow with the CAGR of 8.0% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Europe primers in construction market are a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe primers in construction market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in November 2020, BASF SE announced that they have entered into a joint venture with PETRONAS chemicals group and are realigning their product portfolio. This decision was taken by the company to ensure the closing down of the butanediol plant in Kuantan and Malaysia. The company expects that the strategic decision would help the other plants located in the facility to remain unaffected by the shutting down of the butanediol plan.

BASF SE is the dominating player in the Europe primers in construction market. The other key players existing in the primers in construction market includes PPG Industries, Inc., The Sherwin-Williams Company, AKZO NOBEL N.V., RPM International Inc., Axalta Coating Systems, LLC, Jotun, Kansai Paint Co.,Ltd., Henkel AG & Co. kGaA, Tikkurila, Hempel A/S, Nippon Paint Holdings Co., Ltd. among others.

Europe Primers in Construction Market

BASF SE:

BASF SE is headquartered in Luwigshafen, Germany and was established in 1865. The company is engaged in manufacturing and commercializing of chemicals and materials required for surface coatings used in various industries including automotive, paints and construction. The company deals in multiple business segments such as chemicals, material, industrial solutions, surface technologies, nutrition & care, agricultural solutions and other among which surface technologies is the market focused segment. The company have wide range of products & solutions under categories including surface treatment, automotive OEM coating, automotive refinish coatings, commercial vehicles, motorcycle coatings in Asia and decorative paints in South America out of which surface treatment is the market focused category.

For instance,

  • In December 2020, BASF SE implemented a methylene diphenyl diisocyanate capacity increasing program that aimed at increasing the production and sales of the chemical in its Geismar, Louisiana site. This has increased the capacity of the plant to 600,000 metric tons per year and helped the company to raise its production, increase its storage capacity and improve its sales.

The company has wide global presence across the North America, South America, Europe, Middle East and Africa and Asia-Pacific and owns many subsidiaries such as BASF Business Services GmbH (Germany), BASF Catalysts Germany GmbH (Germany), BASF Catalysts Germany GmbH (Germany), BASF Lampertheim GmbH (Germany) among others

Henkel AG & Co. KGaA:

Henkel AG & Co. KGaA is headquartered in Düsseldorf, Germany and was founded in 1876. The company focuses on the production of top-notch adhesives which is widely recommended in construction, automotive manufacturing, metal and packaging industries. The company deals in multiple business segments such as adhesive technologies, beauty care and laundry & home care among which adhesive technologies is the market focused segment. The company offers wide range of brands & businesses under categories such as adhesive technologies, beauty care and laundry & home care under which adhesive technologies is the market focused category.

For instance,

  • In September 2020, Henkel AG & Co. KGaA launched a new product named Loctite EA 3501 HT. It is an epoxy seam sealant that finds wide range of uses in fields such as agriculture, construction, utility and others because of its excellent adhesion and flexibility. The product is expected to help the company improve its product profile and revenue in the adhesive market.

The company has presence in a Asia-Pacific, Europe, Middle East and Africa, North America and Latin America and owns several subsidiaries namely Henkel Algerie S.P.A (Algeria), Henkel Argentina S.A. (Argentina), Henkel Australia Pty.Ltd (Australia), Henkel Finance L.P. (Australia), Henkel Austria GmbH (Austria) among others.

AKZO NOBEL N.V.:

AKZO NOBEL N.V. is headquartered in Amsterdam, the Netherlands and was founded in 1646. The company is engaged in manufacturing of paints and coatings which is used in varied industries with sustainability as its key motto. The company deals in multiple business segments such as decorative paint and performance chemicals among which decorative paint is the market focused segment. The company offers wide range of businesses under categories such as decorative paints, automotive and specialty coatings, industrial coatings, marine, protective, powder coatings and yacht coatings out of which decorative paints is the market focused category.

For instance,

  • In February 2021, AKZO NOBEL N.V. inaugurated a new R&D facility that is dedicated to developing low cure powder coatings for surfaces such as plywood, composites and others which are sensitive to heat. The company expects this new facility to improve the quality of its products and technologies.

The company has wide global presence in Europe, Asia-Pacific, North America, South America and Middle East and Africa and owns several subsidiaries including International Paint (U.K.), Mapaero SAS (France), AkzoNobel Pulp and Performance Chemicals (U.S), J.P. Mcdougall & Co. Ltd. (U.K.) among others.