Automotive amp Transportation Coatings

Automotive & Transportation Coatings Market Outlook

The global automotive and transportation coatings market is anticipated to reach approximately USD 25 billion by 2035, growing at a robust CAGR of around 4.5% during the forecast period from 2025 to 2035. This growth can be attributed to several factors, including the increasing focus on sustainability, advancements in coating technologies, and a growing demand for lightweight and durable materials in the automotive sector. Moreover, the rising production rates of vehicles globally, driven by improving economic conditions and increased consumer spending, have generated a significant need for innovative coating solutions that not only enhance aesthetic appeal but also provide superior protection against environmental factors. Additionally, the trend towards electric vehicles (EVs) is propelling the demand for specialized coatings that cater to the unique requirements of these vehicles, further contributing to the market's expansion.

Growth Factor of the Market

The automotive and transportation coatings market is primarily driven by the increasing demand for high-performance coatings that enhance the durability and aesthetics of vehicles. As environmental regulations become stricter, manufacturers are being pushed to adopt more eco-friendly options that reduce volatile organic compounds (VOCs) and improve sustainability. Furthermore, the rise in vehicle production, coupled with the growing aftermarket services, presents a significant opportunity for coating manufacturers to innovate and expand their product offerings. The emergence of advanced technologies in coatings, such as nanotechnology and smart coatings, is also expected to elevate the performance of automotive coatings, providing resistance to scratches, chemicals, and UV rays. The burgeoning electric vehicle market is creating a unique segment where coatings can provide both functional and design advantages, thus appealing to an eco-conscious consumer base. Additionally, the trends towards customization in the automotive industry are leading to an increased demand for specialty coatings that offer unique finishes and textures.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 4.5% from 2025 to 2035.
• Eco-friendly coating solutions are gaining traction due to stringent environmental regulations.
• The rise of electric vehicles is creating demand for specialized coatings.
• Technological advancements in coatings, such as smart coatings, are transforming the industry.
• Customization trends in the automotive sector are increasing the demand for specialty coatings.

By Product Type

Electrocoat:

Electrocoat, or E-coat, is a significant segment in the automotive coatings market. This process involves using an electric current to deposit paint onto a vehicle's metal surface, ensuring a uniform and durable finish. The key advantages of electrocoat include excellent corrosion resistance, high film build, and superior adhesion to substrates, making it a preferred choice for OEMs. As automotive manufacturers emphasize quality and longevity, the demand for electrocoats is expected to rise. The process also minimizes paint waste, thus aligning with sustainability efforts and reducing the overall environmental impact of manufacturing operations. Furthermore, electrocoats can be employed as a primer layer under topcoats, enhancing the coatings' overall performance and durability.

Primer:

Primer plays a crucial role in the automotive coating system, acting as a preparatory layer that promotes adhesion between the substrate and the topcoat. Primers are designed to fill surface imperfections and provide a smooth foundation, which is essential for achieving a flawless finish. Different types of primers, such as epoxy and polyurethane primers, are available, catering to various substrates and enhancing the longevity of the vehicle's exterior. The rising focus on vehicle aesthetics and protection from environmental elements has led to an increased adoption of high-performance primers among manufacturers and repair shops alike. Additionally, innovations in primer formulations that enhance adhesion and reduce VOCs are expected to drive growth in this segment.

Basecoat:

The basecoat is a pivotal component of the automotive paint system, responsible for providing color and aesthetic appeal to vehicles. This layer is applied after the primer and before the clearcoat, and it is available in a wide range of colors and finishes, including metallic and pearlescent options. With consumers increasingly looking for personalized and unique vehicle finishes, the demand for diverse basecoat options is expected to grow significantly. Moreover, advancements in basecoat technologies have led to the development of more durable and UV-resistant formulations, extending the life of the vehicle's appearance. As trends toward customization and premium finishes become more prevalent, the basecoat segment is poised for substantial expansion.

Clearcoat:

Clearcoat serves as the final layer in the automotive coating system, providing a protective barrier that enhances gloss, depth of color, and durability. It is critical for safeguarding the underlying layers from UV rays, chemicals, and environmental contaminants, thereby maintaining the vehicle's aesthetic appeal over time. Consumers are increasingly demanding high-gloss, scratch-resistant finishes, which has led to innovations in clearcoat technologies, including self-healing and hydrophobic properties. The growth of the automotive aftermarket, where vehicle owners look to refresh and protect their cars, is further propelling the demand for advanced clearcoat solutions. Additionally, as manufacturers work to improve their sustainability profiles, waterborne clearcoats are gaining popularity due to their lower VOC content.

Specialty Coatings:

Specialty coatings encompass a range of innovative products designed for specific applications, including anti-graffiti coatings, heat-resistant coatings, and coatings with unique textures or finishes. These coatings are increasingly being adopted in the automotive industry to meet specific performance requirements, such as resistance to extreme temperatures or environmental conditions. As the automotive sector continually evolves, manufacturers are looking for coatings that offer more than just color and protection; they seek products that can contribute to vehicle functionality. The growth of the automotive aftermarket is also fueling demand for specialty coatings, as vehicle customization trends encourage owners to seek unique finishes and protective solutions. The versatility and performance of specialty coatings position them as a significant growth area in the automotive coatings market.

By Application

OEMs:

The Original Equipment Manufacturers (OEMs) segment is a major driver of growth in the automotive coatings market. OEMs require high-performance coatings that can withstand harsh conditions and provide long-lasting protection for vehicles. This segment involves the application of coatings during the manufacturing process, where quality, durability, and aesthetic appeal are paramount. As automakers strive to meet consumer expectations for reliable and visually appealing vehicles, the demand for advanced coatings solutions that offer superior performance is set to rise. Additionally, stringent environmental regulations are pushing OEMs to adopt eco-friendly coating technologies, further bolstering market growth. With an increasing focus on vehicle production and the development of electric and hybrid vehicles, the OEM segment is expected to remain a significant contributor to the automotive coatings market.

Refinish:

The refinish segment involves the application of coatings on vehicles that have been damaged or require cosmetic updates. This sector is experiencing growth due to the rise in auto repairs and the increasing number of vehicles on the road. Refurbishing damaged vehicles not only restores their aesthetic appeal but also increases their resale value, prompting vehicle owners to invest in quality refinish coatings. The demand for high-quality, durable coatings in the refinish market is also driven by advancements in application technologies, such as spray systems that enhance the efficiency and precision of coatings application. Furthermore, the growing trend towards vehicle customization is fueling the demand for specialty refinish products that offer unique finishes and textures, aligning with consumer preferences for personalized vehicles.

Aftermarket:

The aftermarket segment encompasses a wide range of products and services aimed at enhancing, modifying, or repairing vehicles post-sale. This includes the application of protective coatings, such as ceramic coatings, and specialty coatings for aesthetic upgrades. The rise in vehicle ownership and the growing trend of vehicle customization among consumers are propelling the aftermarket coatings market. Additionally, increased awareness regarding the importance of vehicle maintenance and protection is leading to a rise in demand for high-quality aftermarket coatings. As more consumers seek ways to protect their investments and enhance their vehicles' appearance, the aftermarket segment is poised for significant growth in the coming years. The availability of innovative coating solutions tailored for specific needs will further sustain this growth trajectory.

By Substrate

Metal:

Metal substrates dominate the automotive coatings market due to their widespread use in vehicle manufacturing. Metals, such as steel and aluminum, require specialized coatings to protect against corrosion, enhance durability, and improve aesthetics. The application of coatings on metal surfaces is essential for maintaining the structural integrity of vehicles and extending their service life. Innovations in metal coatings, including advanced electrocoating technologies, are enhancing adhesion, corrosion resistance, and overall performance. As the automotive industry shifts towards lightweight materials to improve fuel efficiency, the demand for high-performance coatings that cater specifically to metal substrates is expected to grow. Additionally, the need for protective coatings that can withstand harsh environmental conditions further drives this segment.

Plastic:

Plastic substrates are becoming increasingly important in the automotive coatings market, driven by the ongoing trend of lightweight vehicle manufacturing. Components made from plastics, such as bumpers and interior panels, require specialized coatings that can adhere effectively and withstand various environmental stresses. Coatings for plastic substrates often incorporate unique formulations to ensure proper adhesion and durability, which are crucial for maintaining the aesthetic appeal and functionality of the components. As manufacturers continue to explore advanced lightweight materials to enhance vehicle efficiency, the plastic coatings segment is expected to see significant growth. The increasing use of plastic in both interior and exterior applications will also necessitate the development of innovative coatings that meet performance and aesthetic requirements.

Composite:

Composite substrates are gaining traction in the automotive coatings market due to their favorable strength-to-weight ratios and versatility in design applications. Composites, which include materials like fiberglass and carbon fiber, require specialized coatings that enhance their mechanical properties while providing protection against environmental factors. The coatings applied to composite substrates need to account for their unique characteristics, such as flexibility and temperature sensitivity, making the development of suitable formulations critical. As the use of composites becomes more prevalent in vehicle manufacturing, particularly in high-performance and electric vehicles, the demand for coatings tailored for these materials is expected to grow. This segment is poised for expansion as manufacturers seek to harness the benefits of composites while ensuring their longevity and aesthetic quality through effective coating solutions.

By Technology

Solvent-borne:

Solvent-borne coatings have traditionally been a staple in the automotive coatings market, known for their versatility and ease of application. These coatings typically offer excellent adhesion and durability characteristics, making them suitable for a wide range of automotive applications. However, the environmental impact of solvent-borne coatings, particularly their higher VOC emissions, is prompting manufacturers to seek alternatives. While still significant, the growth of solvent-borne coatings is gradually being tempered by the increasing adoption of waterborne and powder coatings, which offer more eco-friendly options. Nevertheless, solvent-borne coatings remain relevant in cases where performance and durability are prioritized, particularly in refinish applications where traditional methods are still prevalent.

Waterborne:

Waterborne coatings are rapidly gaining popularity in the automotive industry due to their lower environmental impact and reduced VOC emissions. These coatings are formulated with water as a solvent, making them more sustainable options that align with rigid environmental regulations. Waterborne technology offers excellent performance in terms of adhesion, flexibility, and durability, making them suitable for various automotive applications, including OEM and refinish markets. The growing emphasis on sustainability and eco-friendly manufacturing processes is driving the shift towards waterborne coatings, which are being increasingly adopted by manufacturers looking to improve their green credentials. This trend is expected to continue, contributing to the overall growth of the automotive coatings market.

Powder Coatings:

Powder coatings are an innovative technology in the automotive coatings market, characterized by their application as a dry powder that is cured under heat to form a solid coating. This method eliminates the need for solvents, resulting in zero VOC emissions and minimal environmental impact. Powder coatings provide excellent durability, corrosion resistance, and finish quality, making them ideal for various automotive components. The continuous advancements in powder coating formulations and application techniques are driving their adoption across the OEM and aftermarket segments. Additionally, the growing trend of sustainability is further boosting the popularity of powder coatings, as manufacturers look for efficient and eco-friendly solutions. As the automotive sector evolves, the role of powder coatings is expected to expand, offering both performance and environmental benefits.

By Region

The automotive and transportation coatings market is globally distributed, with significant activity in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to the presence of leading automotive manufacturers and a robust aftermarket service industry. The region is projected to account for approximately USD 10 billion of the global market size by 2035, driven by the increasing demand for high-performance coatings and rising vehicle production rates. Additionally, stringent environmental regulations are pushing manufacturers to adopt advanced coating technologies, further enhancing market growth. Following North America, Europe holds a strong second position, fueled by a focus on sustainability and innovation in automotive manufacturing. The European market is expected to reach around USD 8 billion by the same year, with the growing adoption of electric vehicles and eco-friendly coatings significantly contributing to its expansion.

In contrast, the Asia Pacific region is experiencing rapid growth due to the booming automotive industry in countries like China and India. The region is anticipated to grow at the highest CAGR of around 5.5%, leading to a market size of approximately USD 7 billion by 2035. The rise in disposable income and an increasing preference for personal vehicles are driving this growth. Additionally, the growing trend of vehicle customizations and the adoption of advanced materials are expanding the market for coatings. Latin America and the Middle East & Africa are also emerging markets, with steady growth expected as automotive manufacturing continues to flourish in these regions. While currently smaller in size, these markets are witnessing an increase in demand for both OEM and aftermarket coatings driven by rising vehicle sales and growing consumer awareness regarding vehicle maintenance.

Opportunities

One of the most significant opportunities in the automotive and transportation coatings market lies in the growing trend of electric vehicles (EVs). As manufacturers shift their focus towards sustainability, innovations in coatings that cater specifically to EV requirements are becoming paramount. This includes the development of coatings that not only provide aesthetic appeal but also enhance the performance of EV components, such as battery enclosures and lightweight structures. The need for coatings that can withstand high temperatures and provide superior protection against environmental factors presents a unique opportunity for coating manufacturers to develop specialized products tailored to the EV market. As the adoption of electric vehicles continues to rise, this niche segment will likely offer lucrative growth prospects for companies willing to invest in research and development.

Another promising opportunity lies in the expansion of the aftermarket segment, driven by increasing consumer awareness about vehicle maintenance and customization trends. As vehicle owners seek to enhance their vehicles' appearance and prolong their lifespan, the demand for high-quality refinish and specialty coatings is expected to surge. Companies that can leverage innovative coatings solutions, such as self-healing coatings and protective ceramic coatings, will be well-positioned to capture a larger share of the aftermarket segment. Additionally, the rising trend of online retailing for automotive products creates a new platform for coating manufacturers to reach consumers directly. By developing strategic marketing initiatives and expanding distribution channels, companies can tap into this growing market and meet the evolving preferences of consumers seeking unique and personalized automotive finishes.

Threats

Despite the promising growth projections for the automotive and transportation coatings market, several threats could hinder progress. One challenge is the increasing competition from low-cost alternatives, particularly from emerging markets where manufacturers may compromise on quality to offer competitive pricing. This can lead to price wars, putting pressure on profit margins for established players in the market. Additionally, the rapid technological advancements may render existing coating technologies obsolete, requiring companies to continuously innovate and invest in research and development to keep up. Failure to adapt to changing market demands and consumer preferences can put businesses at risk of losing market share to more agile competitors. Furthermore, economic uncertainties, such as fluctuations in raw material prices and changing trade policies, may also affect the overall growth of the market, presenting additional challenges for stakeholders.

Another significant restraining factor in the automotive coatings market is the stringent environmental regulations imposed by governments worldwide. While these regulations aim to promote sustainability and reduce the ecological impact of manufacturing processes, they can pose challenges for coating manufacturers. Complying with these regulations often requires substantial investments in research, technology, and production equipment. Smaller companies may struggle to meet the compliance standards, limiting their ability to compete with larger, more established players who have the resources to adapt. Additionally, the transition to greener coatings, such as waterborne and powder coatings, may require significant reformulation efforts, which can lead to increased production costs and longer development timelines. This can temporarily hinder market growth as manufacturers work to align their products with evolving regulatory frameworks.

Competitor Outlook

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Axalta Coating Systems Ltd.
• Sherwin-Williams Company
• RPM International Inc.
• Henkel AG & Co. KGaA
• Nippon Paint Holdings Co., Ltd.
• Tikkurila OYJ
• Kansai Paint Co., Ltd.
• Solvay S.A.
• 3M Company
• Covestro AG
• Valspar Corporation
• Eastman Chemical Company

The automotive and transportation coatings market is characterized by a highly competitive landscape, with several key players vying for market share. Companies are focusing on product innovation, strategic partnerships, and mergers & acquisitions to strengthen their market position. Leading manufacturers are investing in research and development to create advanced coatings that meet stringent environmental regulations while enhancing performance attributes such as durability and aesthetics. Furthermore, the increasing trend of customization and personalization among consumers is encouraging companies to offer a wider range of specialty coatings, catering to specific consumer needs. As the market continues to evolve, players will need to remain agile and responsive to trends, leveraging technology and customer insights to drive growth.

AkzoNobel N.V. is a prominent player in the automotive coatings market, known for its extensive portfolio of high-performance coatings and sustainable initiatives. The company is committed to reducing its carbon footprint and is actively developing eco-friendly coating solutions that comply with global environmental standards. BASF SE is another significant competitor, recognized for its innovative coatings technology and strong focus on sustainability. The company offers a range of automotive coatings that enhance durability while minimizing environmental impact, positioning itself as a leader in the industry. PPG Industries, Inc. is also a major player, providing a comprehensive range of coating solutions with an emphasis on advanced technology and customer service. Their commitment to R&D allows them to stay at the forefront of market trends and customer preferences, ensuring their products meet the dynamic demands of the automotive sector.

Additionally, Axalta Coating Systems Ltd. has established itself as a leader in the refinish and OEM coatings market, focusing on providing high-quality, durable coatings with a strong emphasis on color and design. The company continually invests in innovation to address the changing needs of the automotive industry. Sherwin-Williams Company is also a key competitor, offering a wide array of specialized coatings backed by a strong distribution network. With an emphasis on quality and customer satisfaction, Sherwin-Williams has secured a solid position in the automotive coatings market. As competition intensifies, these companies, along with other notable players, will continue to innovate and adapt to ensure they remain competitive and relevant in an evolving landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 3M Company
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Covestro AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Solvay S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Tikkurila OYJ
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 AkzoNobel N.V.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Valspar Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Henkel AG & Co. KGaA
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 PPG Industries, Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Kansai Paint Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 RPM International Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Eastman Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Sherwin-Williams Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Axalta Coating Systems Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Nippon Paint Holdings Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive amp Transportation Coatings Market, By Substrate
    • 6.1.1 Metal
    • 6.1.2 Plastic
    • 6.1.3 Composite
  • 6.2 Automotive amp Transportation Coatings Market, By Technology
    • 6.2.1 Solvent-borne
    • 6.2.2 Waterborne
    • 6.2.3 Powder Coatings
  • 6.3 Automotive amp Transportation Coatings Market, By Product Type
    • 6.3.1 Electrocoat
    • 6.3.2 Primer
    • 6.3.3 Basecoat
    • 6.3.4 Clearcoat
    • 6.3.5 Specialty Coatings

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive amp Transportation Coatings Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive amp Transportation Coatings market is categorized based on

By Product Type

• Electrocoat
• Primer
• Basecoat
• Clearcoat
• Specialty Coatings

By Substrate

• Metal
• Plastic
• Composite

By Technology

• Solvent-borne
• Waterborne
• Powder Coatings

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Axalta Coating Systems Ltd.
• Sherwin-Williams Company
• RPM International Inc.
• Henkel AG & Co. KGaA
• Nippon Paint Holdings Co., Ltd.
• Tikkurila OYJ
• Kansai Paint Co., Ltd.
• Solvay S.A.
• 3M Company
• Covestro AG
• Valspar Corporation
• Eastman Chemical Company