Top 5 Vendors in the Protective Coating Resins Market from 2017 to 2021: Technavio

Date : 09/13/2017 @ 2:03PM
Source : Business Wire

Top 5 Vendors in the Protective Coating Resins Market from 2017 to 2021: Technavio

Technavio has announced the top five leading vendors in their recent global protective coating resins market report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.

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Technavio has published a new report on the global protective coating resins market from 2017-2021. (Graphic: Business Wire)

The global protective coating resins market is growing at a fast pace owing to the demand from major end-user segments such as the construction, automotive, oil and gas, marine, industrial, power generation, mining, and other industries. The increasing corrosion costs and demand from emerging countries are the major drivers of the market.

Competitive vendor landscape

The global protective coating resins market is highly fragmented yet dominated by key vendors such as Akzo Nobel, Axalta Coatings systems, The Dow Chemical Company, The Sherwin-Williams Company, and RPM International. This is leading to intense market rivalry and is posing barriers to the entry of unpracticed players. The industry requires local production as transportation costs account for a sizable portion of the total costs and customers prefer shorter delivery times.

“The production process in the industry is highly automated, which reduces the competition from outsourcing. The market is characterized by differences in building different regulations in different regions across the globe. Customers in this market seek products and materials that are long lasting with excellent quality and expertise,” says Kshama Upadhyay, a lead chemical engineering equipment research analyst from Technavio.

The intense price competition among smaller manufacturers, gaining the expertise, and raising the capital necessary for the investment in new production plants are difficult for the manufacturers. The competition in the market is likely to intensify due to increasing R&D investments, advances in technology, and new product development.

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Top five protective coating resins market vendors

Akzo Nobel

Akzo Nobel is offering a wide range of acrylic resins that comprise polymerization initiators, antifouling agents, curing agents, polymer additives, and functional methacrylates. It is involved in synthetic resin and polymer chemistry for high-performance coatings.

Axalta Coating Systems

Axalta is offering protective coating resins under the brand Voltaprem for high and medium voltage motors, Voltaprem 5000 for the electrical motor, generator and transformer applications, and XT series polyester resin, which are used in the trim coil, lighting fixture, ceiling grid, and entry door.

The Dow Chemical Company

The Dow Chemical company is providing protective coating resins under the brands AVANSE, PARALOID, and MAINCOTE. AVANSE is an acrylic-binder technology, which has low VOC capability and is used in various applications such as metal finishing, masonry, and maintenance and protective coatings.

The Sherwin-Williams Company

The Sherwin-Williams Company is offering protective coating resins with product names such as 3561 epoxy resin glaze, 3554 epo-flex matrix, 3561C conductive/spark proof epoxy resin glaze, 4700 instant patch resin, 4080 FasTop patch resin, 4080 FasTop 12S binder resin, and 4090 FasTop 12M binder resin.

RPM International

RPM International is offering protective coating resins through Prime Resins that is operating as a subsidiary of RPM International. It is offering a wide range of polyurethane, epoxy, polyureas, acrylates, and acrylates under product names such as AR 870, AR 800, Prime coat 4000, Prime coat CTL, and Prime coat 4300 Novolac.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200www.technavio.com

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