- In April 2023, Benjamin Moore & Co. introduced Element Guard, a new exterior paint designed for diverse substrates, including wood. This paint offers superior resistance to cracking and peeling while protecting against mildew, excessive humidity, and harsh weather conditions. It ensures long-lasting durability and aesthetic appeal, making it an ideal choice for exterior surfaces exposed to various environmental stresses
- In January 2023, Asian Paints revealed plans to establish a new manufacturing facility for waterborne paints, with an annual capacity of 4 lakh KL. This facility, which will also produce waterborne wood coatings, is set to become operational by 2026. The investment aims to bolster Asian Paints' production capabilities and meet the growing demand for environmentally friendly paint solutions
- In December 2022, The Sherwin-Williams Company announced the completion of its acquisition of ICA Group, significantly enhancing its wood division within the performance coatings group. ICA Group, with its strong presence in India and exports to the Middle East and Africa, will enable Sherwin-Williams to expand its market reach and improve its industrial wood coating product offerings in these regions, strengthening the company's global position
