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 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
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 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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