Automotive Resin

Automotive Resin Market Outlook

The global automotive resin market is projected to reach approximately USD 32 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for lightweight materials in the automotive industry, which directly contributes to improved fuel efficiency and reduced emissions. Moreover, the rising trend of electric vehicles (EVs) and advancements in manufacturing technology are also expected to significantly boost the adoption of automotive resins. Furthermore, the expansion of the automotive sector in emerging economies, coupled with heightened awareness regarding sustainable and eco-friendly materials, is likely to enhance the growth prospects of the automotive resin market. With evolving consumer preferences and stringent environmental regulations, the automotive resin market is anticipated to witness substantial innovations and investments in the coming years.

Growth Factor of the Market

The automotive resin market is experiencing robust growth, propelled by several key factors. Firstly, the shift towards lightweight automotive components is a major catalyst, as automotive manufacturers seek to reduce vehicle weight while maintaining structural integrity and performance. This trend is increasingly important in response to global standards for fuel efficiency and emissions reduction. Secondly, advancements in resin technologies are enabling the production of higher-performance materials that can withstand extreme temperatures and challenging operational environments. Thirdly, the rising popularity of electric vehicles and hybrid vehicles is further driving the demand for specialty automotive resins, which provide superior insulation and thermal management properties. Additionally, the expansion of production capacities and investments in research and development by major industry players has fostered innovation in resin formulations, creating more options for automotive applications. Lastly, the increasing focus on sustainability and recyclable materials is prompting automakers to explore automotive resins that not only meet functional requirements but also align with environmental goals.

Key Highlights of the Market

• The automotive resin market is projected to reach USD 32 billion by 2035, growing at a CAGR of 6.5%.
• Lightweight materials are a primary driving force due to their impact on fuel efficiency and emissions.
• Electric vehicles are significantly influencing the demand for advanced resin technologies.
• Innovations in resin formulations are expanding options for manufacturers in various automotive applications.
• Sustainability trends are encouraging the use of eco-friendly and recyclable automotive resins.

By Product Type

Epoxy Resin:

Epoxy resin is one of the most extensively used types of automotive resins due to its outstanding adhesive properties and excellent mechanical strength. It is predominantly utilized in the manufacturing of exterior components such as vehicle body panels and structural elements. The inherent durability of epoxy resin allows for enhanced resistance to environmental factors, including moisture, temperature fluctuations, and chemicals, making it an ideal choice for automotive applications. Moreover, the ability of epoxy resin to bond effectively with various substrates, including metals and plastics, has made it a preferred choice for manufacturers looking to ensure long-lasting and robust vehicle structures. The ongoing innovation in epoxy resin formulations is expected to further boost its market share in the automotive sector, particularly as manufacturers continue to prioritize weight reduction and performance enhancement.

Polyurethane Resin:

Polyurethane resin is gaining traction in the automotive market due to its versatility and exceptional mechanical properties. It is widely used in the production of foam components, coatings, and elastomers, making it suitable for both interior and exterior automotive applications. The lightweight nature of polyurethane allows for effective insulation and sound dampening, significantly enhancing the comfort of vehicles. Furthermore, advancements in polyurethane chemistry have led to the development of low-emission and eco-friendly variants, aligning with the automotive industry's sustainability initiatives. With the increasing focus on enhancing passenger experience and the demand for customized vehicle interiors, the use of polyurethane resin is anticipated to grow robustly in the coming years.

Acrylic Resin:

Acrylic resin is recognized for its clarity, gloss, and UV resistance, making it a popular choice for automotive applications that require transparency and aesthetic appeal. It is commonly used in the production of headlights, tail lights, and dashboard components. The lightweight and shatter-resistant properties of acrylic resin contribute to enhanced safety and durability in automotive designs. As consumers increasingly prioritize style and functionality, the demand for acrylic resin in automotive applications is expected to rise. Additionally, the ability to combine acrylic resin with other materials to create hybrid products opens new avenues for innovation in automotive design, further solidifying its market position.

Polypropylene Resin:

Polypropylene resin is favored in the automotive industry due to its excellent chemical resistance, low density, and versatility. It is widely employed in applications such as interior components, under-the-hood parts, and exterior trim. The cost-effectiveness of polypropylene resin, coupled with its ability to be easily molded and processed, makes it an attractive option for manufacturers looking to optimize production efficiency. Furthermore, with the growing trend of using recycled materials in automotive manufacturing, polypropylene's recyclability is becoming increasingly important. As automakers strive to meet regulatory requirements and consumer expectations for sustainability, the demand for polypropylene resin is likely to see significant growth in the automotive sector.

Polyethylene Resin:

Polyethylene resin is notable for its exceptional toughness, flexibility, and low moisture absorption, making it suitable for a wide range of automotive applications. It is commonly used in the production of fuel tanks, bumpers, and other structural components. The lightweight nature of polyethylene contributes to overall vehicle weight reduction, which is critical for improving fuel efficiency and reducing emissions. Additionally, advancements in polyethylene resin technology, such as the development of high-density polyethylene (HDPE) and low-density polyethylene (LDPE), have expanded its applicability in the automotive sector. As automakers continue to pursue innovations in lightweight materials, the importance of polyethylene resin in automotive manufacturing is expected to grow.

By Application

Exterior Components:

Exterior components in vehicles, such as body panels and bumpers, require materials that provide durability, impact resistance, and aesthetic appeal. Automotive resins, particularly epoxy and polyurethane resins, are widely used for these applications due to their exceptional mechanical properties. These resins enable manufacturers to create lightweight designs that enhance fuel efficiency without compromising safety. Furthermore, advancements in resin technology have resulted in improved weather resistance and color retention, which are vital for maintaining the vehicle's visual appeal over time. As the automotive industry shifts toward more environmentally friendly options, the use of sustainable resins in exterior components is also anticipated to rise, ensuring that manufacturers can meet consumer demands for both performance and eco-friendliness.

Interior Components:

The interior components of vehicles, including dashboard assemblies, seat structures, and trim pieces, require automotive resins that deliver comfort, safety, and aesthetic qualities. Polyurethane and acrylic resins are commonly used in these applications due to their ability to provide a seamless finish while offering durability and flexibility. The growing trend of customized vehicle interiors is also driving demand for advanced resin formulations that can meet specific design requirements. As automakers focus on enhancing passenger experience and comfort, the role of automotive resins in interior applications is expected to expand significantly. Additionally, innovations aimed at improving the tactile feel and visual appeal of interior components will further increase the adoption of specialized automotive resins.

Under-the-Hood Components:

Under-the-hood components must endure extreme temperatures and harsh conditions, making the choice of automotive resin critical. Resins such as polypropylene and thermoset resins are favored for these applications due to their heat resistance and mechanical strength. These resins are utilized in parts including intake manifolds, engine covers, and other critical components that contribute to vehicle performance. With the rise of electric vehicles, the requirement for lightweight and heat-resistant materials is becoming even more crucial, prompting manufacturers to explore innovative resin solutions. As the automotive industry advances in technology, the demand for high-performance resins in under-the-hood applications is expected to see significant growth.

Structural Components:

Structural components of vehicles require materials that provide strength and stability while maintaining a lightweight profile. Automotive resins, particularly composite and thermoset resins, are increasingly being used in structural applications due to their high strength-to-weight ratio. These resins allow manufacturers to design components that contribute to vehicle safety and performance without adding unnecessary weight. The increasing focus on safety standards and regulatory requirements in the automotive industry is driving the demand for advanced resins that can meet these challenges. As manufacturers continue to innovate and explore new resin technologies, the market for structural components is poised for significant growth.

Powertrain Components:

Powertrain components, which include parts like gears, pumps, and electrical housings, require materials that can withstand mechanical stress and high temperatures. Automotive resins, such as thermoset and composite resins, are often preferred for their durability and resistance to thermal deformation. The evolution of powertrain technologies, particularly with the rise of electric and hybrid vehicles, is creating new opportunities for automotive resin applications. Manufacturers are increasingly seeking lightweight and high-performance materials that can contribute to the efficiency and reliability of powertrain systems. This trend is expected to drive the demand for advanced automotive resins in powertrain applications over the forecast period.

By Distribution Channel

OEMs:

The original equipment manufacturers (OEMs) segment plays a vital role in the automotive resin market, as they are responsible for the bulk of vehicle production. OEMs utilize a wide range of automotive resins across various applications, driven by the need for lightweight, durable, and efficient materials. The relationships between resin suppliers and OEMs are increasingly strategic, with suppliers working closely with manufacturers to develop customized resin solutions that meet specific performance and regulatory requirements. As the automotive industry transitions towards electric vehicles and advanced manufacturing techniques, the demand for innovative automotive resins from OEMs is expected to rise significantly.

Aftermarket:

The aftermarket segment represents a growing opportunity for automotive resins as consumers seek replacement parts, modifications, and accessories for their vehicles. This segment includes a diverse range of products, from replacement bumpers and body kits to interior enhancements. The demand for automotive resins in the aftermarket is driven by trends in vehicle customization and personalization. As consumers increasingly invest in enhancing their vehicles’ performance and aesthetics, the need for high-quality automotive resins is set to grow. Additionally, suppliers are recognizing the opportunities in the aftermarket and are innovating to provide resins that meet the specific needs of aftermarket applications, thereby expanding their market footprint.

By Resin Type

Thermoset Resin:

Thermoset resin is characterized by its irreversible curing process, which results in a hardened structure that enhances durability and strength. This type of resin is widely used in applications that demand high thermal stability and mechanical performance, such as under-the-hood components and structural parts. The popularity of thermoset resins in the automotive industry is largely due to their excellent adhesion and resistance to environmental factors, making them ideal for demanding automotive applications. As the automotive sector continues to evolve with stricter safety and performance standards, the demand for thermoset resins is expected to experience substantial growth, driven by their ability to deliver long-lasting and reliable solutions.

Thermoplastic Resin:

Thermoplastic resin is known for its flexibility and the ability to be remolded upon heating, making it a versatile option for various automotive applications. This type of resin is frequently used in the production of components that require impact resistance and customization, such as interior parts and exterior trims. The recyclability of thermoplastic resins is also a critical factor driving their adoption, aligning with the automotive industry's increasing focus on sustainability. As manufacturers seek to reduce vehicle weight while enhancing performance, the demand for thermoplastic resins is anticipated to grow, with innovations in processing techniques potentially unlocking new applications.

Composite Resin:

Composite resin combines two or more different materials to create a product with enhanced properties, including strength, durability, and lightweight characteristics. In the automotive sector, composite resins are extensively used in structural components and body panels, where reducing weight without compromising strength is essential. The trends toward electric and hybrid vehicles, which prioritize lightweight materials to improve efficiency, are expected to drive the demand for composite resins. As manufacturers continue to explore advanced composite technologies, the automotive resin market will likely see increased adoption of composite resins across various applications.

Naturals Resin:

Natural resins are gaining attention in the automotive industry due to their environmentally friendly properties and potential for sustainability. Derived from renewable resources, natural resins offer a biodegradable alternative to synthetic resins. The automotive sector is increasingly focused on reducing its environmental impact, prompting manufacturers to explore natural resins for various applications, including interior components and adhesives. As consumer demand for eco-friendly products rises and regulatory pressures increase, the adoption of natural resins in the automotive market is expected to grow, providing a new avenue for sustainability innovations.

Synthetic Resin:

Synthetic resin plays a predominant role in the automotive industry due to its tailored properties and versatility. These resins can be formulated to meet a wide range of performance requirements, making them suitable for various applications, including structural components, coatings, and adhesives. The increasing complexity of automotive designs, particularly with the rise of electric and hybrid vehicles, is driving the demand for high-performance synthetic resins that can meet specific functional criteria. As manufacturers continue to innovate and push the boundaries of material performance, the market for synthetic resins in the automotive sector is anticipated to see significant growth.

By Region

The automotive resin market is witnessing varying degrees of growth across different regions, influenced by regional manufacturing capabilities, consumer preferences, and regulatory frameworks. North America holds a significant share of the market, driven by the presence of major automotive manufacturers and a growing focus on lightweight materials for fuel efficiency. The North American automotive resin market is projected to grow at a CAGR of 5.8%, reflecting the increasing demand for advanced resin solutions in vehicle production. Meanwhile, Europe is also experiencing robust growth, with a focus on sustainability and innovative materials in the automotive sector, positioning it as a key market for automotive resins.

In the Asia Pacific region, the automotive resin market is expected to expand rapidly, fueled by the growth of the automotive industry in countries like China and India. With increasing urbanization, rising disposable incomes, and a growing appetite for personal vehicles, the demand for automotive resins in this region is anticipated to rise significantly. Additionally, the Latin American market is expected to experience moderate growth as the automotive sector continues to develop, while the Middle East & Africa is gradually adopting automotive technologies, contributing to the market's evolution. Overall, the automotive resin market is being shaped by regional dynamics that reflect both current trends and future opportunities.

Opportunities

The automotive resin market presents numerous opportunities as the automotive industry adapts to new technologies and environmental standards. One of the most significant opportunities lies in the growing demand for electric vehicles (EVs), which are increasingly driving the need for advanced materials that can enhance vehicle performance and efficiency. As manufacturers seek to reduce the weight of EVs to maximize battery efficiency, innovative resin formulations that offer lightweight and durable solutions will be crucial. This shift towards electric mobility also opens avenues for collaboration between resin manufacturers and automakers to develop tailored solutions that meet the specific needs of EV production, thereby fostering growth in the automotive resin sector. Furthermore, as consumers become more environmentally conscious, the push towards sustainable materials presents an opportunity for natural and recycled resins to gain prominence in automotive applications.

Another opportunity lies in the aftermarket segment, where customization and personalization are becoming increasingly popular. As consumers look for ways to enhance and modify their vehicles, the demand for high-quality automotive resins in aftermarket applications is expected to rise. Companies that can adapt their product offerings to cater to the specific needs of aftermarket consumers could capitalize on this growing trend. Additionally, advancements in manufacturing techniques, such as 3D printing and injection molding, are enabling the production of intricate designs and complex components, further driving the demand for innovative automotive resins. By embracing these technological advancements and aligning product development with market trends, stakeholders in the automotive resin market can position themselves for long-term success and growth.

Threats

While the automotive resin market offers substantial growth opportunities, it also faces several threats that could impact its trajectory. One of the primary threats is the volatility of raw material prices, which can significantly affect the profitability of resin manufacturers. Fluctuations in the prices of petrochemical-based materials, which are commonly used in synthetic resin production, can lead to increased production costs and, subsequently, higher prices for end consumers. This may deter consumers from opting for advanced resin materials, particularly in price-sensitive markets. Furthermore, the ongoing geopolitical tensions and trade disputes can disrupt supply chains and introduce uncertainties that could hinder market growth in certain regions. Manufacturers must remain agile in response to these challenges to mitigate potential impacts.

Another threat to the automotive resin market is the increasing scrutiny regarding environmental concerns and sustainability practices. As regulatory bodies impose stricter guidelines on emissions and material usage, manufacturers may face pressure to comply with new standards. Failure to adopt sustainable practices could result in reputational damage and loss of market share to competitors that prioritize eco-friendly solutions. Additionally, the rapid pace of technological advancements in the automotive industry means that resin manufacturers must continuously innovate to stay relevant. Those unable to adapt to changing consumer preferences and technological disruptions risk losing market position. To navigate these threats, stakeholders must prioritize strategic planning, investment in sustainable practices, and innovation in product development.

Competitor Outlook

• BASF SE
• DuPont de Nemours, Inc.
• Covestro AG
• SABIC
• Evonik Industries AG
• 3M Company
• Hexion Inc.
• LANXESS AG
• Teijin Limited
• Huntsman Corporation
• Royal DSM N.V.
• Covestro AG
• Solvay S.A.
• Momentive Performance Materials Inc.
• Wacker Chemie AG

The competitive landscape of the automotive resin market is characterized by the presence of several major players, each striving to establish a strong foothold in the industry. Leading companies such as BASF SE and DuPont de Nemours, Inc. are at the forefront of innovation, continuously developing advanced resin formulations that cater to the evolving demands of the automotive sector. These companies are heavily investing in research and development to enhance the performance characteristics of their resins, ensuring they meet stringent safety and environmental standards. Furthermore, strategic partnerships and collaborations with automotive manufacturers are common among these players, allowing them to co-create customized solutions that align with specific production requirements.

Another significant aspect of the competitive landscape is the focus on sustainability and eco-friendly practices. Companies such as Covestro AG and SABIC are actively working towards developing bio-based and recyclable resins that meet the growing demand for sustainable materials in the automotive industry. These initiatives not only enhance their product offerings but also position them favorably in the eyes of environmentally conscious consumers. With the rising regulatory pressures regarding emissions and material usage, companies that prioritize sustainability are likely to gain a competitive advantage. Additionally, the increasing popularity of electric vehicles presents opportunities for resin manufacturers to develop specialized materials tailored for EV production, further intensifying competition in the market.

As the automotive resin market continues to grow, smaller and emerging companies are also making their presence felt, often focusing on niche markets and innovative technologies. These players are leveraging advancements in manufacturing techniques, such as additive manufacturing and advanced composites, to introduce unique resin solutions that cater to specific automotive applications. By addressing unmet needs and capitalizing on market gaps, these companies are challenging established players and contributing to the overall competitiveness of the automotive resin market. Ultimately, the competitive landscape will remain dynamic, with continuous innovations, collaborations, and a focus on sustainability shaping the future of the automotive resin industry.

• 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 SABIC
    • 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 BASF SE
    • 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 3M Company
    • 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 LANXESS AG
    • 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 Covestro AG
    • 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 Hexion Inc.
    • 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 Solvay S.A.
    • 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 Royal DSM N.V.
    • 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 Teijin Limited
    • 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 Wacker Chemie AG
    • 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 Evonik Industries AG
    • 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 Huntsman Corporation
    • 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 DuPont de Nemours, Inc.
    • 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 Momentive Performance Materials Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive Resin Market, By Resin Type
    • 6.1.1 Thermoset Resin
    • 6.1.2 Thermoplastic Resin
    • 6.1.3 Composite Resin
    • 6.1.4 Natural Resin
    • 6.1.5 Synthetic Resin
  • 6.2 Automotive Resin Market, By Application
    • 6.2.1 Exterior Components
    • 6.2.2 Interior Components
    • 6.2.3 Under-the-Hood Components
    • 6.2.4 Structural Components
    • 6.2.5 Powertrain Components
  • 6.3 Automotive Resin Market, By Product Type
    • 6.3.1 Epoxy Resin
    • 6.3.2 Polyurethane Resin
    • 6.3.3 Acrylic Resin
    • 6.3.4 Polypropylene Resin
    • 6.3.5 Polyethylene Resin

• 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 Automotive Resin Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 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 Resin market is categorized based on

By Product Type

• Epoxy Resin
• Polyurethane Resin
• Acrylic Resin
• Polypropylene Resin
• Polyethylene Resin

By Application

• Exterior Components
• Interior Components
• Under-the-Hood Components
• Structural Components
• Powertrain Components

By Resin Type

• Thermoset Resin
• Thermoplastic Resin
• Composite Resin
• Natural Resin
• Synthetic Resin

By Region

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

Key Players

• BASF SE
• DuPont de Nemours, Inc.
• Covestro AG
• SABIC
• Evonik Industries AG
• 3M Company
• Hexion Inc.
• LANXESS AG
• Teijin Limited
• Huntsman Corporation
• Royal DSM N.V.
• Covestro AG
• Solvay S.A.
• Momentive Performance Materials Inc.
• Wacker Chemie AG