The company has been testing an innovative automotive paint aimed at helping lower a vehicleʼs ambient cabin temperature in summer while reducing the energy usage of the air-conditioning system.
The coatings resins market is poised for remarkable growth driven by a confluence of factors, including technological advancements, increased demand across various industries, and a growing emphasis on sustainability. This article delves into the key drivers, market trends, challenges, and opportunities shaping the future of the resins market.
The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America.
The winning coating formulation is based on polymer structures developed by the cooperation partner Cypris Materials from California. Instead of classic pigments, special polymer structures with a high proportion of renewable materials are used.
The epoxy resin market size was estimated at USD 11.85 billion in 2023 and is expected to reach USD 12.65 billion in 2024. At a CAGR of 6.76%, it is expected to reach USD 18.74 billion by 2030. The development of the epoxy resin market faces several limitations and challenges, such as volatility of raw material prices, stringent environmental regulations, and sensitivity to external conditions.
The integration of pigments in coatings for autonomous vehicles presents a unique set of challenges ranging from functionality to aesthetics to regulatory compliance. In response to these needs, a new kind of effect pigment based on borosilicate glass was developed specifically for distinctive silver-grey formulations where a high sparkle is required and has a high radar transparency and offers dark-down flop and opacity.
