Coatings Resins

Coatings Resins Market Outlook

As of 2023, the global coatings resins market is projected to reach approximately USD 40 billion, with a compound annual growth rate (CAGR) of 5.5% anticipated from 2025 to 2035. The increasing demand for high-performance coatings across various industries, coupled with the rapid urbanization and infrastructure development in emerging economies, is a significant growth factor driving this market. Additionally, the trend toward environmentally friendly and sustainable coatings is prompting manufacturers to innovate and develop new formulations that meet stringent regulations while also providing superior performance. The burgeoning automotive sector, along with the rising popularity of DIY projects in home improvement, further augments market growth. Furthermore, technological advancements in coating applications are facilitating the development of more durable and versatile products, thereby expanding the market's potential.

Growth Factor of the Market

The coatings resins market is experiencing robust growth driven by several influential factors. One of the primary growth drivers is the escalating demand for high-quality coatings in the construction sector, prompting builders and contractors to seek out durable and aesthetically pleasing options. Furthermore, the automotive industry is undergoing a significant transformation, with a rising focus on protective coatings to enhance vehicle longevity and appearance, thereby stimulating demand for specialized resins. The trend of sustainability is another crucial factor influencing market dynamics, as consumers and manufacturers alike are increasingly leaning toward eco-friendly products that do not compromise on quality. Technological advancements in resin formulations that improve durability and reduce environmental impact are also contributing to this growth. Additionally, the expansion of the Asia-Pacific region's industrial base plays a crucial role, as it leads to increased investment in coating technologies and innovations.

Key Highlights of the Market

• The global coatings resins market is projected to reach USD 40 billion by 2035.
• A CAGR of 5.5% is expected from 2025 to 2035, indicating strong growth potential.
• Demand from the construction and automotive sectors is driving market expansion.
• Increasing consumer preference for eco-friendly and sustainable products is shaping market trends.
• Technological advancements in resin formulations are enhancing product performance and durability.

By Product Type

Acrylic Resins:

Acrylic resins are one of the most widely used types of coatings resins, predominantly due to their excellent weather resistance, color retention, and gloss properties. They are commonly utilized in exterior and interior applications across various sectors, including automotive, construction, and industrial coatings. Their rapid drying time and ease of application make them particularly attractive for commercial and residential projects. The versatility of acrylic resins enables them to be formulated for both water-based and solvent-based applications, catering to a broad range of customer requirements. Moreover, their compatibility with various pigments and additives allows for the creation of vibrant and durable coatings, further reinforcing their position in the market.

Epoxy Resins:

Epoxy resins are renowned for their superior adhesion, chemical resistance, and mechanical properties, making them ideal for demanding applications such as industrial coatings and protective coatings for machinery and structures. The cross-linking reaction that occurs during the curing process provides epoxy with high strength and durability, allowing it to withstand harsh environments. These resins are frequently employed in flooring systems, automotive parts, and as a protective layer in various constructions. Additionally, innovations in epoxy formulations have led to the development of low-VOC and eco-friendly options, aligning with the market's shift towards sustainability. The high-performance characteristics of epoxy resins contribute significantly to their growing adoption across multiple industries.

Polyurethane Resins:

Polyurethane resins are highly versatile and can be formulated to provide a range of properties, including flexibility, hardness, and abrasion resistance. This adaptability makes them suitable for numerous applications, including automotive finishes, wood coatings, and industrial protective coatings. Their ability to form durable films and resist weathering and chemicals enhances their appeal in both decorative and functional coatings. The increasing preference for polyurethane finishes in various sectors, driven by their aesthetic qualities and protective capabilities, has led to a steady rise in market demand. Furthermore, innovations in polyurethane technology, such as waterborne systems, are gaining traction as manufacturers seek safer and more environmentally friendly options.

Alkyd Resins:

Alkyd resins are traditional oil-based resins that have been widely utilized in coatings and paints for many years. They are known for their excellent gloss and color retention, making them suitable for exterior applications where durability is crucial. Alkyds are commonly used in industrial and decorative paints, providing a smooth finish and good adhesion properties. Despite the gradual shift towards water-based alternatives, the demand for alkyd resins remains strong due to their cost-effectiveness and ease of application. Ongoing innovation in alkyd formulations, including the introduction of high-performance, low-VOC options, is helping to maintain their relevance in the modern coatings market.

Polyester Resins:

Polyester resins are favored for their excellent chemical resistance and durability, making them ideal for high-performance coatings in industrial applications. These resins are often used in the production of gel coats, automotive finishes, and various protective coatings. Their ability to provide a tough, weather-resistant finish makes them particularly suitable for outdoor applications. Additionally, polyester resins can be easily modified to achieve desired properties, such as enhanced flexibility or hardness, further broadening their applicability. The growing demand for polyester-based coatings in the automotive and construction sectors is anticipated to drive significant market growth, bolstered by advancements in formulation technologies that improve performance and reduce environmental impact.

By Application

Architectural Coatings:

Architectural coatings represent a significant segment of the coatings resins market, driven by the continuous growth of the construction industry. These coatings are primarily used for protecting and beautifying buildings, bridges, and other structures. The increasing trend towards urbanization and infrastructure development has led to heightened demand for decorative and protective finishes in commercial and residential buildings. Architectural coatings are designed to withstand environmental stresses, providing long-lasting aesthetics and durability. Innovations in formulation, such as the development of low-VOC and energy-efficient coatings, are further enhancing the appeal of architectural coatings among consumers and builders alike. The rising awareness regarding energy conservation and sustainable building practices is expected to fuel future growth in this application segment.

Automotive Coatings:

The automotive coatings application segment is poised for substantial growth, driven by the expanding automotive industry and the continuous evolution of vehicle designs. Automotive coatings not only provide aesthetic appeal but also offer protective properties against corrosion, weathering, and UV degradation. With the rise in vehicle production and the increasing demand for high-performance finishes, manufacturers are focusing on developing advanced coatings that enhance vehicle longevity and improve appearance. Additionally, the shift towards electric vehicles is prompting innovations in automotive coatings that cater to the specific requirements of new materials and technologies. The ongoing advancements in technology, including the adoption of more sustainable and eco-friendly coatings, are expected to further bolster this segment's growth.

Industrial Coatings:

Industrial coatings are vital for protecting equipment, machinery, and surfaces in various industrial sectors, contributing significantly to the coatings resins market. These coatings are designed to withstand harsh conditions, including chemical exposure, abrasion, and temperature fluctuations, ensuring the longevity and performance of industrial assets. The rising investments in manufacturing and industrial facilities, particularly in emerging economies, are driving demand for robust industrial coatings. Furthermore, the increasing regulations focused on environmental sustainability are encouraging manufacturers to develop low-VOC and eco-friendly industrial coatings to meet stringent compliance requirements. The need for high-performance coatings that provide excellent durability and protection in industrial settings is expected to propel growth in this application segment.

Wood Coatings:

Wood coatings are essential for enhancing the aesthetics and durability of wooden surfaces, encompassing a vast range of applications from furniture to flooring. This segment is experiencing considerable growth, driven by the rising demand for decorative and protective finishes in residential and commercial spaces. The increasing trend towards sustainable building materials is propelling the market for eco-friendly wood coatings that reduce environmental impact. Additionally, advancements in formulation technologies are leading to the development of coatings that offer superior adhesion, water resistance, and UV protection. The growing popularity of DIY projects and home improvement activities among consumers is also contributing to the increasing demand for high-quality wood coatings, further solidifying this segment's position in the coatings resins market.

Packaging Coatings:

Packaging coatings are a critical component in ensuring the protection and preservation of packaged goods. This application segment is growing significantly, driven by the rising demand for food and beverage packaging solutions that ensure product safety and extend shelf life. Packaging coatings provide moisture and chemical resistance, enhancing the durability and functionality of containers. The increasing emphasis on sustainable packaging solutions is prompting manufacturers to develop eco-friendly coatings that align with consumer preferences for environmentally friendly products. Additionally, innovations in packaging technologies, such as the use of barrier coatings and advanced printing techniques, are enhancing the appeal of packaging coatings in the marketplace. The growing focus on convenience and protection in packaging design is expected to further drive growth in this segment.

By Distribution Channel

Direct Sales:

Direct sales play a crucial role in the coatings resins market, allowing manufacturers to establish a direct relationship with customers. This distribution channel enables companies to provide tailored solutions and maintain control over pricing, inventory, and customer service. Direct selling is particularly beneficial for specialized coatings that require technical expertise and consultation, as it allows manufacturers to offer in-depth product knowledge and after-sales support. Furthermore, direct sales facilitate quicker response times to customer needs, thereby enhancing satisfaction and loyalty. As manufacturers increasingly prioritize customer engagement and service efficiency, the direct sales channel is expected to continue growing in importance within the coatings resins market.

Distributor Sales:

Distributor sales are a significant channel for the coatings resins market, providing manufacturers with an efficient means to reach a broader customer base. Distributors often have established networks and relationships within specific industries, enabling them to market and sell coatings effectively. This channel is especially advantageous for manufacturers looking to penetrate new geographic markets or sectors without the need for extensive investment in local infrastructure. Distributors also offer value-added services such as inventory management, technical support, and marketing assistance, enhancing the overall customer experience. As the demand for coatings continues to rise, the distributor sales channel is likely to remain a vital component of the market, facilitating access to various customer segments.

Online Retail:

The rise of e-commerce has transformed the distribution landscape, with online retail emerging as an increasingly popular channel for coatings resins. Consumers and businesses alike are turning to online platforms for convenience, price comparisons, and access to a wider range of products. E-commerce provides manufacturers with the opportunity to reach a global audience and streamline their sales processes. Furthermore, the ability to gather data on customer preferences and behaviors through online sales allows manufacturers to tailor their offerings more effectively. As more consumers engage in DIY projects and home improvement endeavors, the online retail channel is expected to see significant growth, driven by the demand for ease of access and a wide variety of coatings products.

By Ingredient Type

Water-based Resins:

Water-based resins have gained immense popularity in the coatings industry due to their environmentally friendly nature and low VOC emissions. These resins are primarily used in applications where reduced environmental impact is a priority, such as residential and commercial coatings. Water-based coatings provide excellent adhesion, durability, and ease of application, making them suitable for a wide range of surfaces. The increasing emphasis on sustainability and stringent regulations regarding solvent-based products are driving the adoption of water-based resins among manufacturers and consumers. Additionally, advancements in formulation technologies are enhancing the performance of water-based coatings, facilitating their acceptance in diverse applications while aligning with the growing trend of eco-conscious consumerism.

Solvent-based Resins:

Solvent-based resins continue to hold a significant share of the coatings market, particularly in applications requiring superior performance and durability. These resins are known for their excellent adhesion, chemical resistance, and flexibility, making them suitable for various demanding environments. Solvent-based coatings are often preferred in industrial and automotive applications where high-performance characteristics are essential. However, the increasing regulatory pressure regarding VOC emissions is prompting manufacturers to invest in low-VOC solvent-based formulations. Despite this challenge, solvent-based resins are expected to remain relevant in the market due to their proven performance and versatility across a range of applications.

Powder Coatings:

Powder coatings are a rapidly growing segment of the coatings resins market, recognized for their durability and environmental benefits. These coatings are applied as a dry powder and require heat to cure, resulting in a strong, resilient finish that is both chip-resistant and environmentally friendly. The powder coating process generates minimal waste and eliminates the need for solvents, aligning with the increasing demand for sustainable coating solutions. This segment is particularly popular in industrial applications, automotive finishes, and architectural coatings due to its ability to provide a wide range of colors and textures. The growing awareness of eco-friendly practices and the rising demand for high-performance finishes are expected to propel the growth of powder coatings in the coming years.

By Region

The coatings resins market is witnessing varied growth patterns across regions, with North America, Europe, and Asia Pacific being the leading segments. North America currently holds a substantial share of the market, driven by a robust construction sector and the continuous growth of the automotive industry. The presence of major players and technological advancements in coating formulations further bolster the region's market position. The market in North America is projected to expand at a CAGR of 4.8% from 2025 to 2035, indicating steady growth driven by ongoing infrastructure projects and a focus on sustainable solutions. Meanwhile, Europe remains a prominent market, with stringent regulations promoting eco-friendly coatings and significant investments in renovation and construction projects, contributing to the region's growth.

In contrast, the Asia Pacific region is expected to exhibit the highest growth rate, with a projected CAGR of 6.5% during the forecast period. The rapid urbanization and industrialization in countries like China and India are driving demand for coatings resins in construction, automotive, and consumer goods applications. Moreover, the growing middle-class population and increased disposable incomes are fostering a surge in demand for aesthetically pleasing and high-quality coatings. Latin America and the Middle East & Africa are also emerging markets with potential growth opportunities, driven by increasing infrastructure development and rising consumer awareness regarding sustainable coatings. Overall, the regional dynamics are shaping the coatings resins market, with each region contributing to the overall growth trajectory.

Opportunities

The coatings resins market is poised for several significant opportunities in the coming years, particularly in the realm of sustainability and innovation. As consumers become more environmentally conscious, there is a growing demand for eco-friendly coatings that minimize environmental impact without compromising performance. Manufacturers have the chance to invest in the development of low-VOC, water-based, and bio-based resin formulations that align with these consumer preferences. Moreover, the push for sustainable practices in various industries, including construction and automotive, presents a substantial opportunity for coatings resins that cater to these evolving needs. By capitalizing on this trend, companies can not only meet regulatory requirements but also attract a broader customer base that prioritizes sustainability in their purchasing decisions.

Additionally, technological advancements in coating application methods and formulations are opening new avenues for growth in the coatings resins market. Innovations such as nanotechnology and smart coatings, which offer enhanced performance characteristics and additional functionalities, are gaining traction. There is potential for coatings that provide self-cleaning properties, anti-microbial features, and increased durability. By investing in research and development, companies can create high-performance coatings that meet the evolving demands of various industries, thereby positioning themselves as leaders in the market. The growing trend of customization in coatings, tailored to specific applications and customer needs, also offers opportunities for manufacturers to differentiate their products and capture market share.

Threats

Despite the promising growth prospects of the coatings resins market, several threats could impede progress. One of the primary concerns is the increasing regulatory pressure regarding VOC emissions and environmental standards. As governments worldwide implement stricter regulations to combat pollution, manufacturers may face challenges in reformulating their products to comply with these standards. This regulatory landscape can lead to increased production costs and potential disruptions in supply chains. Moreover, the shift towards sustainable products may require significant investment in research and development, which could strain smaller manufacturers who may lack the resources to adapt swiftly to these changes.

Another threat facing the coatings resins market is the volatility of raw material prices. Fluctuations in the prices of key ingredients, such as resins, solvents, and additives, can significantly impact profit margins and operational costs for manufacturers. This volatility can be attributed to various factors, including geopolitical tensions, supply chain disruptions, and changes in global demand. Additionally, the market is witnessing the emergence of alternative materials that can potentially compete with traditional coatings, such as biodegradable or recyclable options. As these alternatives gain traction, traditional coatings manufacturers may need to innovate rapidly to maintain their market position. The combination of these threats necessitates proactive strategies and adaptability among industry players to navigate challenges effectively.

Competitor Outlook

• BASF SE
• DOW Chemical Company
• PPG Industries, Inc.
• AkzoNobel N.V.
• Sherwin-Williams Company
• RPM International Inc.
• Eastman Chemical Company
• Hempel A/S
• Ferro Corporation
• AXALTA Coating Systems Ltd.
• Tikkurila OYJ
• Valspar Corporation
• Benjamin Moore & Co.
• Kansai Paint Co., Ltd.
• Jotun A/S

The competitive landscape of the coatings resins market is marked by the presence of several key players who dominate the industry through a combination of innovation, strategic acquisitions, and investment in research and development. Major companies such as BASF SE, DOW Chemical Company, and PPG Industries, Inc. are continuously working to enhance their product offerings and expand their market reach. These companies are investing in sustainable practices and eco-friendly formulations to align with consumer preferences and regulatory requirements. Furthermore, collaborations and partnerships among industry players are becoming increasingly common, enabling companies to leverage each other's strengths and expertise to deliver superior products to the market.

In addition to established players, a number of emerging companies are entering the coatings resins market with unique and innovative products. These companies are focused on developing sustainable solutions and utilizing advanced technologies to differentiate themselves from traditional manufacturers. For instance, companies that specialize in bio-based resins and coatings are gaining traction as consumers and industries alike prioritize eco-friendly options. The competitive dynamics of the market are further influenced by factors such as pricing strategies, product quality, and customer service, as companies vie for market share in a rapidly evolving landscape.

Key players like AkzoNobel N.V. and Sherwin-Williams Company are leading the way in terms of technological advancements and product innovation. AkzoNobel, for instance, has made significant strides in developing water-based coatings that meet stringent environmental standards while providing high performance. Similarly, Sherwin-Williams is known for its extensive portfolio of coatings and its commitment to sustainability, which is reflected in its product offerings. These companies are not only focusing on product development but also on expanding their geographical presence to tap into emerging markets, especially in the Asia Pacific region, where demand for coatings is on the rise. By leveraging their brand reputation and extensive distribution networks, these companies are well-positioned to capitalize on the growth opportunities present in the coatings resins market.

• 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 Jotun A/S
    • 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 Hempel A/S
    • 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 Tikkurila OYJ
    • 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 AkzoNobel N.V.
    • 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 Ferro Corporation
    • 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 Benjamin Moore & Co.
    • 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 DOW Chemical Company
    • 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 PPG Industries, Inc.
    • 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 Kansai Paint Co., Ltd.
    • 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 RPM International Inc.
    • 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 Eastman Chemical 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 Sherwin-Williams Company
    • 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 AXALTA Coating Systems 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 Coatings Resins Market, By Application
    • 6.1.1 Architectural Coatings
    • 6.1.2 Automotive Coatings
    • 6.1.3 Industrial Coatings
    • 6.1.4 Wood Coatings
    • 6.1.5 Packaging Coatings
  • 6.2 Coatings Resins Market, By Product Type
    • 6.2.1 Acrylic Resins
    • 6.2.2 Epoxy Resins
    • 6.2.3 Polyurethane Resins
    • 6.2.4 Alkyd Resins
    • 6.2.5 Polyester Resins
  • 6.3 Coatings Resins Market, By Ingredient Type
    • 6.3.1 Water-based Resins
    • 6.3.2 Solvent-based Resins
    • 6.3.3 Powder Coatings
  • 6.4 Coatings Resins Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Retail

• 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 Coatings Resins 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 Coatings Resins market is categorized based on

By Product Type

• Acrylic Resins
• Epoxy Resins
• Polyurethane Resins
• Alkyd Resins
• Polyester Resins

By Application

• Architectural Coatings
• Automotive Coatings
• Industrial Coatings
• Wood Coatings
• Packaging Coatings

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail

By Ingredient Type

• Water-based Resins
• Solvent-based Resins
• Powder Coatings

By Region

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

Key Players

• BASF SE
• DOW Chemical Company
• PPG Industries, Inc.
• AkzoNobel N.V.
• Sherwin-Williams Company
• RPM International Inc.
• Eastman Chemical Company
• Hempel A/S
• Ferro Corporation
• AXALTA Coating Systems Ltd.
• Tikkurila OYJ
• Valspar Corporation
• Benjamin Moore & Co.
• Kansai Paint Co., Ltd.
• Jotun A/S