Allnex

What Allnex does

Allnex is a global supplier of specialty industrial coating resins and additives, serving manufacturers across automotive, industrial metal, industrial wood, decorative, packaging, marine, composites, and coating additives segments. The company was established in 2013 when Advent International acquired Cytec Industries' coating resins business and merged it with Nuplex in 2016; PTT Global Chemical acquired allnex from Advent in December 2021 for approximately USD 4.75 billion. Allnex generates approximately €2 billion in annual revenue and operates 33-35 manufacturing sites and 23 R&D/technical support centers across more than 100 countries, with five joint ventures in Asia (China, Japan, Korea) supporting regional market access.

The company's technology portfolio spans liquid resins, radiation-cure (UV/EB) resins, powder coating resins, and crosslinkers (amino, phenolic, acrylate), sold under established brands including ACURE, EBECRYL, CRYLCOAT, BECKOPOX, CYMEL, CYCAT, SETAQUA, and UCECOAT. Notable technology platforms include solventborne systems (ACURE), radiation-curable resins for packaging and industrial applications (EBECRYL), ultra-low temperature cure powder coating resins for MDF substrates (CRYLCOAT), waterborne epoxy dispersions (BECKOPOX), amino crosslinkers (CYMEL), acid catalysts (CYCAT), waterborne self-crosslinking acrylics with up to 80% bio-based content (SETAQUA), and water-based UV resins (UCECOAT). The portfolio is structured under the ECOWISE CHOICE sustainability assessment framework covering bio-based, recycled-content, and low-VOC formulations.

Allnex operates a B2B sales-led go-to-market model with direct sales to industrial manufacturers supplemented by regional channel partners and joint ventures in Asia. Pricing is quote-based and tailored to customer volume, specification, and region, with no public pricing disclosure. The customer base spans OEMs in transportation, packaging converters, furniture and flooring manufacturers, marine fabricators, and specialty coating formulators. Recent strategic activity includes a digital transformation partnership with Infosys (January 2026), a sustainability-focused rPET liquid resin product launch for Asia Pacific (March 2026), and a CO2-based polymer development partnership with Econic (November 2024). The company holds EcoVadis Gold rating (top 5% of assessed companies) and global ISO 9001 certification, with stated targets of 30% CO2 reduction by 2030 and net carbon neutrality by 2050.

Name

Allnex

Legal name

Allnex Belgium SA (Societe Anonyme) / NV (Naamloze Vennootschap)

Website

https://allnex.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Allnex is a global supplier of specialty industrial coating resins and additives, serving manufacturers in automotive, packaging, construction, marine, and industrial sectors across 100+ countries via 33+ manufacturing sites under PTT Global Chemical ownership.

Ownership category

akta.pro rank

Product category

Specialty Chemicals

NAICS

Plastics Material and Resin Manufacturing (325211), Paint, Coating, and Adhesive Manufacturing (3255), Custom Compounding of Purchased Resins (325991)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)

akta.pro primary industry

Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK)

akta.pro secondary industries

Industrial & Protective Coatings (IMAEAGAB), Industrial Protective Coatings (IMAEAHAB), Metal Packaging Coatings & Linings (BPA-NI, Epoxy, Internal Coatings) (IMALADAK), Specialty & Functional Coatings (Anti-microbial/Anti-slip/Insulating) (IMAIAKAM)

Keywords

• Industrial coating resins
• Specialty chemicals
• UV/EB curable resins
• Powder coating resins
• Amino crosslinkers

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices20 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Industrial Coating Resins and Additives Sales: allnex generates revenue primarily through the sale of industrial coating resins (liquid, powder, UV/EB-curable), crosslinkers, and performance additives to manufacturers in automotive, construction, packaging, industrial metal, industrial wood, marine, and specialty coatings sectors. The company operates manufacturing sites globally to serve regional customers.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels9 records

Core offering

Allnex manufactures and sells industrial coating resins and additives used as raw materials by industrial coatings manufacturers. The portfolio spans liquid resins, UV/EB-curable resins, powder coating resins, crosslinkers (amino, phenolic, acrylate), and performance additives (catalysts, defoamers, dispersants, flow and leveling agents). Customers are industrial coatings formulators serving automotive, construction, packaging, industrial metal, industrial wood, marine, and composites end-markets.

Product overview

Allnex is a global leader in industrial coating resins, offering one of the industry's broadest technology portfolios. The company provides liquid resins, powder coating resins, energy curable (UV/EB) resins, and specialty additives across multiple market segments including automotive, industrial metal, decorative construction, industrial wood, marine and protective coatings, packaging, and composites. The product portfolio centers on the CYCAT® acid catalyst family (including CYCAT® 296-9, XK 406 N, 4040, 600, 6020, 4045, and 6925) for amino crosslinking applications, complemented by composite resin brands (Aquaguard™, Fibretech™, Nutech™, Polyplex™, Viapal™, Ultratec™), and supporting technologies across acrylate crosslinkers, amino crosslinkers, phenolic crosslinkers, powder coating resins, solventborne resins, waterborne resins, and urethane specialties. The company operates globally with 33 manufacturing sites and 23 research and technical support centers serving customers in over 100 countries.

Differentiator

Problem solved

Functional benefit

Brands

• ECOWISE™ CHOICE: Sustainable product portfolio featuring environmentally responsible coating resin solutions, including bio-based and recycled content products.
• ACURE™
• Aquaguard™
• Fibretech™
• Nutech™
• Polyplex™ and Viapal™
• Ultratec™
• CYCAT®
• CYMEL®
• EBECRYL®
• CRYLCOAT®
• SETAQUA®
• BECKOPOX™

Products and services

• CYCAT® Acid Catalysts Portfolio of acid catalysts for accelerating cure of amino crosslinker systems in thermoset coatings; includes CYCAT® 296-9 (phosphoric acid derivative for low-temperature curing), CYCAT® XK 406 N (low-viscous phosphoric acid derivative for heat-curing systems), CYCAT® 4040 (strong acid catalyst for highly alkylated melamine systems), CYCAT® 600 (organic acid catalyst for amino resin crosslinking), CYCAT® 6020 (amine-blocked DDBSA catalyst for OEM automotive stoving), CYCAT® 4045 (amine-blocked PTSA for waterborne and high-solids systems), and CYCAT® 6925 (amine-blocked DDBSA in isopropanol for 1K thermoset systems including food contact applications).
• CYMEL® Amino Crosslinkers Melamine-formaldehyde and urea-based amino resin crosslinking agents for coating formulations used in automotive, appliance, and industrial metal coatings. Designed to crosslink polymers containing hydroxyl, carboxyl, or amide functionality in thermoset coating systems.
• EBECRYL® UV/EB Curable Resins Radiation-curable (UV/EB) resin family for energy-curing applications including packaging, industrial wood, printing inks, and coatings. Includes EBECRYL 367 (packaging adhesion), EBECRYL 15 (bio-based content grade), and EBECRYL 577 (de-inking UV primer enabling plastic recyclability). Highlighted at RadTech 2025.
• CRYLCOAT® Powder Coating Resins Polyester and hybrid powder coating resins, including ultra-low temperature cure systems for MDF and heat-sensitive substrates such as CRYLCOAT E 04815, enabling low-energy manufacturing and expanded powder-coating applicability to heat-sensitive substrates.
• BECKOPOX™ Epoxy Resins Waterborne epoxy dispersions and amine hardeners for concrete coatings and industrial applications, including BECKOPOX E 04943. Used in two-component waterborne epoxy systems for flooring, construction materials, and industrial protective coatings.
• SETAQUA® Waterborne Acrylics Water-based self-crosslinking acrylic emulsions such as the SETAQUA 8800-8850 series with up to 80% bio-based carbon content for furniture and decorative coatings, including SETAQUA 6753 topcoat delivering best-in-class chemical resistance per customer reports.
• UCECOAT® Water-Based UV Resins UV-curable waterborne resin technology for industrial wood applications, incorporating a mass-balance approach for sustainable formulations.
• ACURE™ Solventborne Coating Resins Solventborne coating resin technology platform designed for high-performance industrial coatings.
• Aquaguard™ Composite Resins Resins and gelcoats formulated with Ortho-NPG technology providing highest performance for ambient-temperature-cured fabrications in environmentally demanding applications such as marine and leisure.
• Fibretech™ Flowcoats Flowcoats developed using Aquaguard™ technology to allow refurbishment of both fibreglass and concrete swimming pools.
• Nutech™ Resins and Gelcoats Resins and gelcoats formulated with ISO-NPG technology for applications where corrosion resistance is an important requirement.
• Polyplex™ and Viapal™ Composites Range Core range of composite products developed for all types of composites applications based on world-leading technologies sourced from technology partners or developed in centers of excellence.
• Ultratec™ Specialty Composites High-performance specialty products for most demanding applications including tooling gelcoats and resins, UV barrier coatings for sheeting products, CIPP systems for pipeline rehabilitation, and fire-retardant products for transport and building applications.
• Solvent-Borne Alkyd and Polyester rPET Liquid Resins Series of solvent-borne alkyd and polyester rPET liquid resins for the Asia Pacific region, focusing on sustainability and circular economy initiatives. The products enable customers to reduce carbon footprints and transform plastic waste into valuable resources.
• ECOWISE CHOICE™ Sustainable Product Portfolio Structured sustainability assessment framework categorizing Allnex products based on renewable content, bio-based carbon, recyclability enablement, and low-VOC formulations across industrial wood, decorative, packaging, and industrial metal applications.

Quantifiable outcome

• CO₂ reduction target of 30% by 2030 and net carbon neutrality by 2050 (Scope 1 and 2 absolute emissions)
• +2 more outcomes

Segments11 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

Four partnerships are on record, tiered core and minor.

• InfosyscoreStrategic or Co-development Partner · 7 January 2026allnex entered a strategic global partnership with Infosys to accelerate its digital transformation through AI and automation integration across all business functions. The partnership consolidates allnex's fragmented vendor landscape into a unified technology ecosystem supporting global manufacturing sites. Infosys provides deep technical expertise and domain experience to help allnex achieve measurable operational improvements and scale its innovation capabilities.
• EconicminorStrategic or Co-development Partner · 13 November 2024allnex partnered with Econic and GC (probably GC Communications or GC Group) to explore the development of CO₂-based polymer systems, supporting circular economy and carbon utilization initiatives.
• Daicel-allnex Joint VenturecoreStrategic or Co-development PartnerJoint venture with Daicel Corporation in Japan for coating resin production and commercialization, managed by Duncan Taylor (allnex interim CEO/CFO) as a member of the joint venture management committee.
• Entis Joint VenturecoreStrategic or Co-development PartnerJoint venture in South Korea with Entis for coating resin production and commercialization, managed by Duncan Taylor (allnex interim CEO/CFO) as a member of the joint venture management committee.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Arkema SA: Specialty chemicals producer with a Sartomer-branded UV-curable resin portfolio and broader coating solutions that directly overlap with Allnex's EBECRYL, ACURE, and additive platforms. Identified as a key competitor across multiple resin submarkets.
• Wacker Chemie AG: German specialty chemicals company producing silicones, polymer binders, and dispersible polymer powders for coatings and construction applications — directly comparable to Allnex's binder/resin offerings in architectural and industrial wood coatings.
• Dow Inc. Major U.S. chemicals producer with a broad coating materials portfolio including waterborne acrylics, epoxy systems, and additives. Identified as a direct peer in waterborne epoxy, low-VOC additives, and self-crosslinking polymer markets.
• Lubrizol Corporation: Specialty resin and additives manufacturer serving industrial coatings, personal care, and performance markets. Listed alongside Allnex among the top players in the self-crosslinking polymer market.
• Covestro AG: Direct competitor in polyurethane, polyester, and UV-curable coating resins with overlapping technology platforms. Listed alongside Allnex in UV-curable urethane acrylate oligomers, high-solids acrylic polyols, and self-crosslinking polymers.
• Eastman Chemical Company: U.S. specialty chemicals producer with coating resins, additives, and performance chemicals that overlap with Allnex's industrial coatings portfolio across multiple end markets.
• BASF SE: Largest global chemical company with a broad coatings raw materials portfolio including resins, additives, and binders serving the same automotive, industrial, and decorative coatings customers as Allnex. Consistently listed alongside Allnex in waterborne epoxy, low-VOC additives, and acrylic polyol markets.
• Huntsman Corporation: Specialty chemicals manufacturer with a significant epoxy resins and polyurethanes business competing directly with Allnex's BECKOPOX and composite resin lines. Listed alongside Allnex in the waterborne epoxy resin market.
• Evonik Industries AG: German specialty chemicals company competing with Allnex in coating additives, amino resins, and UV-curable systems. Listed as a top competitor in low-VOC additives, high-solids acrylic polyols, and UV-curable urethane acrylate oligomers.

Broad incumbents

• Solvay SA: Belgian specialty chemicals group with a broad portfolio including specialty polymers and additives that serve overlapping industrial and coatings applications. A broader incumbent rather than a pure resin peer, but operates in adjacent formulation chemistries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCZRVTY90duCXh-30g8tC1gw
• LinkedInlinkedin.com/company/allnex
• Instagraminstagram.com/allnex_resins
• Xx.com/allnexresins
• Facebookfacebook.com/allnexresins

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allnex