Axalta named 2021 Global Commercial Vehicle Coatings Company of the Year by Frost & Sullivan
The new ImronÂ® and rivalÂ®coating solutions save time, productivity and energy by reducing the number of steps in the application process
SAN ANTONIO, November 11, 2021 / CNW / – Based on its recent analysis of the global commercial vehicle coatings industry, Frost & Sullivan recognize Axalta with the 2021 Global Commercial Vehicle Coatings Company of the Year award. The company has been recognized for the development of innovative coatings, which meet the evolving needs of OEMs for the design of vehicles and lighter exterior components. The new basecoat products are unique in the market because they can be applied directly to plastic substrates without an adhesion promoter, reducing the coating application process from the conventional three steps to two steps.
Axalta maintains its position as a world leader in the commercial vehicle coatings market through its constant investment in R&D, which gives Axalta the opportunity to continuously create and market new, highly effective coating solutions. For example, Axalta’s Imron Elite ColorPlus Basecoat is a premium basecoat designed specifically for complex new paint schemes in recreational vehicles. ColorPlus uses 30% less material and reduces cycle time by 30%, while providing a superior finish. Imron 2K high durability varnish, published in September 2020 for customers in Europe, stands out from its competitors in the region. The base coat is designed to adhere to the stringent volatile organic compound (VOC) limits imposed in European countries while retaining its durability and shine after multiple wash cycles.
Christina thomas, Senior Industrial Analyst at Frost & Sullivan, explains, âRival DTM Topcoat RV901 â¢ and RV902 â¢ are easy-to-apply direct-to-metal (DTM) coatings for customers that reduce overall paint costs and perform well in non-corrosive environments. in slightly corrosive environments. Customers greatly appreciate the ability to single-step application of the product using conventional activators, eliminating the need to create additional inventory of new activators.
Additionally, one of the biggest trends in the transportation industry is the penetration of electric, hybrid electric and autonomous vehicles into existing fleets. As such, Axalta rebranded its automotive and transportation coatings business to Axalta Mobility Coatings earlier this year. The business unit is focused on supporting the growing demand for electric and autonomous vehicles and shared transportation for the most suitable coatings for efficient operation of electrical components, navigation and passenger safety. For example, the Advanced Mobility Solutions category includes coatings with features that can improve thermal management and radar and light detection and ranging (LiDAR) performance. Axalta Advantage includes advice and customer service from industry experts to help improve productivity in and out of paint shops. In addition, Axalta’s brands (Imron and Rival) in commercial vehicle coatings are well known for their excellent product properties, in addition to the associated services Axalta provides to its customers.
Thomas says, âThrough constant innovation in product development and business operations, the company builds and markets differentiated and sustainable coating systems tailored to changing customer needs with next-generation vehicles, such as electric vehicles and autonomous.
With over 150 years of experience in the paint and coatings industry, Axalta has established a unique brand image with its customers in the global commercial vehicle industry. Its global leadership position in the global commercial vehicle coatings market and outstanding performance earned it the 2021 Global Company of the Year award from Frost & Sullivan.
Each year, Frost & Sullivan presents the Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation in products and technologies, and the resulting leadership in terms of customer value and market penetration.
The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development. Industry analysts compare market players and measure performance through in-depth interviews, analysis and secondary research to identify best practices in the industry.
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About Axalta Coating Systems
Axalta is a global leader in the coatings industry, providing its customers with innovative, colorful, beautiful and durable coating solutions. From light vehicles, commercial vehicles and refinishing applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and improve durability. With over 150 years of experience in the coatings industry, Axalta’s global team continues to find ways to better serve our more than 100,000 customers in more than 130 countries every day with the best coatings, coating systems. application and technologies. For more information, visit axalta.com and follow us @axalta on Twitter.
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SOURCE Frost & Sullivan
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