- In March 2024, INEOS Automotive and BASF's Coatings division entered a strategic partnership to enhance vehicle refinishing technologies globally. The collaboration focuses on sustainable refinishing solutions, advanced digital color-matching technologies, and comprehensive training programs, aiming to set new industry standards in vehicle body repair and paint refinishing.
- In June 2023, Scott Bader Australia Pty Ltd acquired Summit Composites Pty Ltd, expanding its distribution of gelcoats, high-performance resins, and adhesives in the Australian market. This strategic acquisition reinforces Scott Bader's commitment to maintaining a strong presence in the Australian composites industry.
- In January 2024, INEOS Automotive and BASF's Coatings division announced a global agreement to advance vehicle refinishing, bodywork, and paint technology. The partnership aims to provide sustainable refinishing solutions, innovative digital color-matching technologies, and training, enhancing the quality and efficiency of vehicle body repairs.
- In March 2024, A consortium of Toshiba, Hitachi, Zosen Corp, and JFE Steel initiated the construction of the world's largest offshore wind farm off the Fukushima coast in Japan. The project, featuring up to 143 floating turbines, is expected to boost demand for gelcoats used in turbine blade protection.
- In April 2024, At the I2U2 Summit, leaders announced the UAE's $2 billion investment to develop a network of food parks in India. Additionally, plans for a hybrid renewable energy project in Gujarat, encompassing 300 MW of wind and solar capacity with battery storage, are set to increase gelcoat demand in energy infrastructure.
