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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