Axalta Coating Systems Ltd (Axalta) develops, manufactures, markets and distributes liquid and powder coatings. The company provides performance and transportation coatings for manufacturers of light and commercial vehicles, refinish aftermarket and industrial coating system applications. It operates through two reportable business segments: Performance Coatings and Transportation Coatings.

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Axalta focuses on technology to provide next-generation offerings that enhance product performance, improve productivity, and meet strict environmental regulations. The company has been a leader in coatings technology innovation, which has helped maintain and grow its global market share and deliver substantial financial returns. The company's technology development is driven by a highly experienced workforce focused on new product development, color development, technical customer support, and manufacturing process improvements. The company's technology development covers research and development as well as technical support and manufacturing. The R&D units of Axalta include four major technology centers worldwide and more than 20 development laboratories. These units align technology investments with regional business needs and provide local connections to the global customer base. The Global Innovation Center in Philadelphia, Pennsylvania, serves as the global headquarters for research, product development, and technology initiatives. Axalta has a global portfolio of approximately 610 issued patents and 520 trademarks. As of December 31, 2025, there were approximately 240 patent applications pending worldwide. In FY2025, the company incurred a research and development expenditure of US$71 million which was 1.4% of the company's total revenue and declined 4.1% YoY.