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Axalta makes the paint that ends up on things you never think of as painted — new cars off the assembly line and repaired cars in the body shop. Spun out of DuPont in 2013, it sells refinish, industrial and vehicle coatings to 100,000+ customers in ~140 countries on ~$5.1B of revenue, and in Nov 2025 agreed an all-stock merger of equals with Europe's AkzoNobel to create a ~$25B global coatings leader.

Where Axalta sits

Axalta is a converter: it buys pigment (titanium dioxide), resins and petrochemical solvents, formulates them into paint, and sells that paint to two very different buyers — car factories and body shops. It touches almost every car twice: once when it's built, once when it's repaired.

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