PPG Undertakes Complete Ownership of PPG Univer S.p.A

Italy: PPG Industries, one of the leading suppliers of paints, coatings, specialty materials, and fiberglass, has purchased the remaining shares of its joint venture, PPG Univer S.p.A from Univer Italiana S.r.l. PPG Univer manufactures architectural and liquid industrial coatings and has a network of 12 retail stores in Italy, with administrative offices and production facility in Cavallirio, Italy. This transaction is an important step in PPG’s effort to continue strengthening PPG Univer S.p.A’s presence in Europe. In recent years, PPG Univer has successfully established coatings business in Italy and is strategizing to further increase its brands in Italy. The company has its headquarters in Pittsburgh and functions in more than 70 countries with net sales of USD14.8 billion in 2015. Its major customers are from construction, consumer products, industrial and transportation markets.

TechSci Research depicts that this acquisition would lead to stronger market presence of PPG Univer S.p.A in the sector of paints and coatings. Also, increasing production of paints and coatings would infuse strong growth into global pigments market as paints and coatings industry is the largest end use application for pigments across the globe.

According to a recent report published by TechSci Research, “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross US$ 34 billion by 2021. Segment-wise, inorganic pigments dominated the overall market in 2015, and this trend is anticipated to continue through 2021. Inorganic pigments are widely used in paints & coatings and plastics to provide various functional properties such as heat stabilization, antistatic, flame retardants, anti-block and UV stabilization. In 2015, Asia-Pacific region dominated the global pigments market, owing to huge presence of paints & coatings, plastics, construction and printing ink industries, coupled with increasing investments across diverse industry verticals. Few of the major companies operating in the global pigments market include BASF, Clariant, Huntsman, Tronox, and Lanxess, among others.