AkzoNobel SWOT Analysis
Here is a detailed SWOT analysis of AkzoNobel covering strengths, weaknesses, opportunities and threats.
AkzoNobel Strengths
- AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals
- With operations in 80 countries and having human capital of around 55,000 this Netherlands’ paint major is in Global Fortune 500 and one of the leaders in Dow Jones Sustainability Indexes.
- The world's best-selling paint: powder coatings, wood coatings, coil coatings, marine protective coatings, aerospace coatings.
- European markets selling paint: decorative coating
- Asia-Pacific market and the North American market selling coatings: decorative paints, wood coating.
- Wide variety of products ranging from paints to industrial chemicals to organic chemicals provides them scope of diversification compared to other conventional paint companies.
- Continuous R&Ds with international facilities and minds coming together has helped them stay at par with competitors.
Above are the strengths in the SWOT Analysis of AkzoNobel. The strengths of AkzoNobel looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
AkzoNobel Weaknesses
- In decorative paints Industry Customer tastes and perceptions change very fast and products may become obsolete with change in trends, hence production planning and inventory problem.
- Large working capital required.
These were the weaknesses in the AkzoNobel SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
AkzoNobel Opportunities
- Capitalizing on emerging Asian Markets is critical.
- With more advertising like Asian paints, Nerolac and Berger Paints they can create more brand awareness for their lesser known products.
- Being an international company and financially strong company they can use their muscle power to enter potential markets in a strong way.
Above we covered the opportunities in AkzoNobel SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Read more about AkzoNobel
AkzoNobel Threats
- European markets are in bad shape; growth opportunities very limited.
- Local competitors who offer few products at lesser price
- Government rules and regulations regarding the quality of products and manufacturing facilities as Environment policies are given more emphasis.
- Raw material scarcity, volatility in prices
The threats in the SWOT Analysis of AkzoNobel are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the AkzoNobel SWOT analysis.
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About AkzoNobel
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| AkzoNobel Overview | |
|---|---|
| Parent Company |
AkzoNobel |
| Category |
Industrial Products and Chemicals |
| Sector | |
| Tagline/ Slogan |
Tomorrow’s Answers Today |
| USP |
An international brand that caters to wide range of industries ranging from infrastructure to personal care. |
| AkzoNobel STP | |
| Segmentation |
Upper and middle class strata who want good quality products with international brand. |
| Target Market |
Paint category-infrastructure (homes and commercial buildings) industry, industrial chemicals-process industries; surface chemistry-personal care industry. |
| Positioning |
A global brand serving world over in paints & protective coatings, industrial chemicals and organic formulations. |
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