01 Transition to Eco-Friendly Formulations The global bituminous paints market is transforming eco-friendly formulations. Traditional bituminous paints, derived from petroleum products, have faced scrutiny due to their volatile organic compound (VOC) emissions and environmental impact. In response, manufacturers are developing low-VOC and VOC-free alternatives, aligning with global sustainability goals. For instance, AkzoNobel launched a range of low-VOC protective coatings in 2024 designed to meet stringent environmental regulations while maintaining high performance. This trend is particularly relevant as governments across regions, including the EU and North America, enforce stricter environmental standards. Additionally, consumers are becoming more environmentally conscious, driving demand for sustainable options. These advancements reduce environmental harm and open new opportunities for manufacturers to collaborate with construction companies focused on green building certifications like LEED. As the market progresses, eco-friendly formulations are expected to dominate the industry, combining performance, compliance, and sustainability.
June 2026 Bharat Petroleum Corporation Limited (BPCL) signed a joint venture and share subscription agreement with Shell India and Tiki Tar Industries to expand its portfolio of value-added bitumen products, strengthening solutions for infrastructure applications, including bituminous coatings and paints.
January 2026 RPM International completed the acquisition of Kalzip, expanding its building envelope and waterproofing solutions portfolio, including applications utilizing bituminous protective coatings.
October 2025 Hempel expanded its infrastructure and energy coatings portfolio with increased focus on sustainable protective coating technologies, including bituminous coating solutions for corrosion protection.
May 2025 Agarwal Industrial Corporation secured a major bulk bitumen supply contract from Hindustan Petroleum Corporation Limited, strengthening raw material availability for downstream bitumen-based products, including bituminous paints and coatings.