Akzo Nobel NV

AKZA: XAMS (NLD)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€91.00	Yndtc	Vstzqmhqf

Narrow-Moat AkzoNobel Exhibits Pricing Power in Its Sizable Decorative Paints Business

Diana Radu

Sep 15, 2023

Business Strategy and Outlook

AkzoNobel is the third-largest company in the paints and coatings industry, behind Sherwin-Williams and PPG Industries. The company's operations are divided into two segments: decorative paints and performance coatings. Decorative paints are applied to external and internal buildings for cosmetic appeal and are essentially consumer products where brands are important. By contrast, performance coatings are primarily functional products used in a variety of industrial end markets, including automotive, aerospace, oil and gas, marine, and packaging.

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