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. As of December 2023, it operated 43 manufacturing facilities, four technology centers, and 49 customer training centers in over 140 countries. The company has global innovation centre located in Philadelphia, Pennsylvania. In FY2023, the company incurred a capital expenditure of US$137.9 million which declined 8.6% YoY.

Axalta R&D division is constantly focuses on developing new products, services, processes and technologies which enhance product performance, improve productivity and meet strict environmental regulations. The company's innovations include Irus Mix, which is an automated and integrated digitized color management process. It also focuses on developing its Nextjet technology which allows for a precise placement of paint through its digital paint technology. The company has four technology centers located in China, Germany and the US and also has 28 regional laboratories. As of December 2023, Axalta had 770 issued patents with 220 patent applications pending, and more than 470 trademarks. In FY2023, it spent US$74 million on R&D, which as a percentage of revenue, stood at 1.4% and increased 11.4% YoY.