NASHVILLE, Tenn. — AkzoNobel has opened a new best-in-class Research and Development (R&D) Center in High Point, N.C. The reportedly $55 million expansion functions as a product development facility and customer support center for the Wood Coatings business. The company’s community of North America R&D Centers supporting the Performance Coatings businesses includes laboratories in Troy, Michigan, Strongsville, Ohio, Houston, Texas, Flying Hills, Pennsylvania, and Lancaster, South Carolina.

The global coating additives market is valued to be  $9.3 billion in 2023 and it is anticipated to grow at a CAGR of 5.0% to reach  $15.1 billion by the end of 2033.

MANHEIM, Pa. – CIC Coatings, a manufacturer of environmentally-friendly industrial, wood, metal, and specialty coatings, will feature Centurion Wood Coatings at Wood Pro Expo Lancaster, Oct. 13-14.

New research found that the global wood coating market was worth $800 million in 2018, and is anticipated to reach $11.98 billion by 2025.