Corrosion Protective Coatings

Corrosion Protective Coatings Market Outlook

The global corrosion protective coatings market is poised for substantial growth, with an estimated size of USD 41.2 billion in 2023, projected to reach USD 57.6 billion by 2035, growing at a remarkable CAGR of 4.6% during the forecast period. The need for effective protective solutions against corrosion is driven by various factors, including the rapid industrialization, infrastructural development in emerging economies, and the increasing emphasis on asset longevity and maintenance. Additionally, the rising environmental regulations and the need for sustainable practices are encouraging manufacturers to innovate and develop advanced corrosion-resistant coatings. The oil and gas, automotive, and construction industries are particularly pushing the demand for these coatings, as they seek to protect their assets from harsh environmental conditions and corrosive agents. The ongoing digital transformation within industries is also expected to enhance the application and functionality of corrosion protective coatings, contributing to market growth.

Growth Factor of the Market

The corrosion protective coatings market is experiencing robust growth due to an array of factors that are significantly contributing to its expansion. One of the primary drivers is the increasing investment in infrastructure development in developing countries, leading to heightened demand for protective coatings to prolong the lifespan of structures and equipment. Moreover, the escalating focus on enhancing the durability of products in critical industries such as oil & gas, marine, and automotive is leading to increased consumption of high-performance coatings. Additionally, the rising awareness regarding environmental sustainability is prompting manufacturers to adopt eco-friendly and low-VOC coatings, further driving innovation within the market. The growing automotive sector, with an increased emphasis on vehicle durability and performance, also plays a pivotal role in the market's upward trajectory. Furthermore, the advancements in nanotechnology and polymer chemistry are bringing forth new formulations that exhibit superior protective properties and drive further adoption across various industries.

Key Highlights of the Market

• The global corrosion protective coatings market is projected to grow from USD 41.2 billion in 2023 to USD 57.6 billion by 2035.
• Asia Pacific is expected to lead the market, driven by rapid industrial growth and infrastructure projects.
• Epoxy coatings are anticipated to dominate the product type segment due to their superior adhesion and chemical resistance properties.
• Oil & gas applications hold a significant share in the market, driven by the necessity for corrosion protection in harsh environments.
• The trend towards sustainability is increasing the demand for eco-friendly and low-VOC corrosion protective coatings.

By Product Type

Epoxy Coatings:

Epoxy coatings are one of the most widely used types of corrosion protective coatings due to their excellent adhesion, mechanical strength, and resistance to chemicals and moisture. These coatings provide a solid barrier against corrosive elements, making them ideal for various applications, including marine, oil & gas, and industrial plants. Their ability to withstand harsh environmental conditions contributes to their popularity in sectors where equipment and structures are exposed to aggressive substances. The durability and longevity of epoxy coatings make them a cost-effective solution for preventing corrosion and extending the lifespan of assets across industries.

Polyurethane Coatings:

Polyurethane coatings are renowned for their flexibility, UV resistance, and aesthetic appeal, making them popular for applications requiring both protection and appearance. These coatings provide a tough protective layer that can withstand abrasions, impacts, and weathering, making them suitable for the automotive and construction sectors. The increasing demand for high-performance coatings that offer both durability and visual appeal is expected to drive the growth of polyurethane coatings in the corrosion protective coatings market. Their versatility and ability to be tailored for specific applications enhance their attractiveness to manufacturers and end-users alike.

Acrylic Coatings:

Acrylic coatings are recognized for their quick-drying properties and ease of application, contributing to their growing popularity in various markets. These coatings offer good resistance to UV light and weathering, providing adequate protection against corrosion in less harsh environments. While they may not provide the same level of durability as epoxy or polyurethane coatings, their cost-effectiveness and ease of use make them an excellent choice for less demanding applications. The rise in DIY projects and the availability of user-friendly products are also contributing to the growth of acrylic coatings in the market.

Zinc Coatings:

Zinc coatings, primarily used for galvanization, are effective in protecting iron and steel from corrosion through cathodic protection. The zinc layer acts as a sacrificial anode, corroding before the underlying metal, thus extending the life of the product. This type of coating is extensively used in industries such as construction, automotive, and marine. The increasing focus on infrastructure development and the need for protective measures against corrosion are enhancing the demand for zinc coatings in various applications, making them a critical component of the corrosion protective coatings market.

Fluoropolymer Coatings:

Fluoropolymer coatings are characterized by their exceptional resistance to heat, chemicals, and corrosion, making them suitable for high-performance applications. These coatings are used in environments where conventional coatings may fail, such as in chemical processing and high-temperature applications. The growing adoption of fluoropolymer coatings in industrial settings is driven by their ability to maintain performance over extended periods and under severe conditions. Their unique properties and high-performance capabilities position them as a prominent choice in the corrosion protective coatings market, particularly in specialized applications.

By Application

Oil & Gas:

The oil and gas sector is one of the largest consumers of corrosion protective coatings, as infrastructure and equipment in this industry are often exposed to harsh environmental conditions, including moisture and corrosive chemicals. The need for reliable protective solutions is paramount to prevent failures and extend the lifespan of assets in this sector. Coatings that can withstand extreme temperatures and corrosive substances are in high demand, driving innovation and the development of specialized formulations. As exploration and extraction activities increase in challenging environments, the demand for high-performance coatings in the oil and gas industry is expected to grow significantly.

Marine:

The marine industry presents unique challenges for corrosion protection due to the constant exposure to saltwater and harsh weather conditions. Corrosion protective coatings are essential for protecting ships, offshore platforms, and other marine structures from deterioration caused by the marine environment. The continuous advancements in coating technologies are leading to the development of products that offer superior protection, durability, and maintenance ease. As global trade and shipping activities expand, the marine sector's demand for effective corrosion protective solutions is likely to escalate, fueling growth in the coatings market.

Construction:

In the construction industry, the need for corrosion protective coatings is critical, particularly for steel structures, pipelines, and rebar. These coatings help extend the lifespan of buildings and infrastructure by preventing rust and degradation due to environmental exposure. The increasing investment in infrastructure projects worldwide is driving the demand for protective coatings in construction applications. Moreover, the trend towards sustainable and eco-friendly construction practices is encouraging the adoption of advanced coatings that not only provide protection but also align with environmental regulations.

Automotive:

The automotive industry heavily relies on corrosion protective coatings to enhance the durability and safety of vehicles. These coatings protect metal components from rust and degradation caused by exposure to various environmental factors, including moisture, road salt, and chemicals. With the growing consumer awareness regarding vehicle longevity and performance, manufacturers are increasingly investing in high-quality coatings that meet safety and aesthetic requirements. The ongoing evolution of electric vehicles and the need for lightweight materials are also influencing the demand for innovative coatings in the automotive sector.

Aerospace:

The aerospace sector demands coatings that can withstand extreme conditions, including high temperatures and corrosive environments. Corrosion protective coatings are essential for maintaining the integrity and safety of aircraft and aerospace components, which are subject to rigorous performance standards. The increasing focus on fuel efficiency and aircraft longevity is driving the adoption of advanced coatings that offer exceptional protection and weight reduction. As air travel continues to grow, the demand for specialized coatings in the aerospace industry is anticipated to expand, providing significant opportunities for manufacturers in the corrosion protective coatings market.

By Distribution Channel

Direct Sales:

Direct sales channels allow manufacturers to establish a direct relationship with their customers, facilitating the provision of tailored solutions and customized products. This channel offers manufacturers the opportunity to understand customer needs better and provide comprehensive technical support, enhancing customer satisfaction and loyalty. Direct sales are particularly beneficial for specialized products, where consumers require expert guidance and information. Moreover, as industries seek to optimize their supply chains, the direct sales model is gaining traction, ensuring efficient communication and delivery of corrosion protective coatings.

Distributors:

Distributors play a crucial role in the corrosion protective coatings market by providing manufacturers with access to a broad network of customers across various industries. They facilitate the distribution of products, ensuring that coatings reach end-users in a timely manner. This channel is particularly advantageous for manufacturers aiming to penetrate new markets or geographic regions. Distributors often have established relationships with key players in various sectors, enhancing market reach and brand awareness. Additionally, they can offer valuable insights into market trends and customer preferences, aiding manufacturers in product development and strategy formulation.

Online Retailers:

The rise of e-commerce has transformed the distribution landscape for corrosion protective coatings. Online retailers provide a platform for customers to access a wide range of products conveniently, facilitating informed purchasing decisions through reviews and comparisons. This distribution channel is particularly appealing to small and medium-sized enterprises that may not have the resources to establish extensive distribution networks. The growing trend of online shopping has accelerated the adoption of e-commerce in the coatings market, allowing manufacturers to reach a broader audience and streamline their sales processes.

Wholesalers:

Wholesalers serve as intermediaries between manufacturers and retailers, offering bulk distribution of corrosion protective coatings. This channel helps manufacturers optimize their production processes and reduce inventory costs by providing a steady demand through bulk purchases. Wholesalers are instrumental in ensuring that coatings are available to retailers across regions, enhancing product availability and accessibility. Their established networks can provide valuable insights into market dynamics, helping manufacturers adapt to changing demand patterns and optimize their offerings.

Others:

Other distribution channels encompass various unique or niche methods of delivering corrosion protective coatings to the end-users, including specialty retailers and direct-to-consumer models. These channels may focus on specific applications or markets, catering to niche customer needs. As customer preferences evolve, manufacturers are exploring innovative distribution models to enhance their reach and effectiveness. The diversification of distribution channels allows manufacturers to capture a broader customer base and respond quickly to market changes, thus fostering growth in the corrosion protective coatings market.

By Ingredient Type

Zinc:

Zinc is one of the most widely used ingredients in corrosion protective coatings, primarily due to its sacrificial properties. Coatings that include zinc provide excellent protection for metals, especially in harsh environments, by corroding preferentially and preventing rust formation on the underlying substrate. This ingredient is particularly important in industries such as construction and automotive, where the durability of steel components is critical. The increasing focus on structural integrity and longevity in various applications is driving the demand for zinc-based coatings, making them a fundamental component of the corrosion protective coatings market.

Aluminum:

Aluminum is another key ingredient used in corrosion protective coatings, valued for its high corrosion resistance and lightweight properties. Coatings that incorporate aluminum provide a protective layer that reflects heat and resists degradation, making them suitable for demanding applications in aerospace and marine industries. The lightweight nature of aluminum coatings contributes to reducing overall product weight, which is essential for industries seeking to enhance efficiency and performance. As the emphasis on lightweight materials grows, the use of aluminum in corrosion protective coatings is expected to see significant growth.

Magnesium:

Magnesium-based coatings are gaining traction in the protective coatings market due to their excellent corrosion resistance and lightweight properties. These coatings are particularly advantageous in applications where weight reduction is critical, such as automotive and aerospace industries. Magnesium coatings can provide effective protection against corrosion while contributing to overall energy efficiency. As industries increasingly prioritize sustainability and performance, the demand for magnesium-based corrosion protective coatings is expected to rise, providing manufacturers with new opportunities for growth.

Cerium:

Cerium is sometimes used in corrosion protective coatings due to its beneficial properties in enhancing the corrosion resistance of metals. Cerium compounds can act as corrosion inhibitors, providing additional protection to substrates in aggressive environments. These coatings are particularly relevant in industries where equipment is exposed to harsh conditions, such as oil & gas and marine sectors. The growing focus on improving the lifespan and performance of industrial equipment is driving interest in cerium-based coatings, which offer effective solutions for corrosion prevention.

Molybdate:

Molybdate compounds are utilized in corrosion protective coatings for their ability to inhibit corrosion processes. Molybdate-based coatings are beneficial in environments where metals are exposed to moisture and aggressive chemicals. The use of molybdate in coatings supports the development of effective anti-corrosion solutions, particularly in industrial applications. As the focus on asset protection and longevity intensifies, the demand for molybdate-based corrosion protective coatings is anticipated to grow, further diversifying the offerings in this competitive market.

By Region

The corrosion protective coatings market is experiencing significant growth across various regions, driven by industrial expansion and infrastructure development. North America holds a substantial share of the market, primarily due to the presence of established industries in the oil & gas, automotive, and construction sectors. The increasing focus on sustainability and environmental regulations is further encouraging the adoption of advanced coatings in this region. Additionally, the CAGR in North America is projected to be around 4.2%, reflecting continued investments in infrastructure and industrial development. Europe is also witnessing robust growth, supported by stringent environmental policies and a shift towards eco-friendly coatings in various applications.

Meanwhile, the Asia Pacific region is emerging as a dominant player in the corrosion protective coatings market, driven by rapid industrialization and infrastructural investments in countries such as China and India. The region is expected to register a CAGR of approximately 5.0%, fueled by significant demand from the construction, automotive, and marine sectors. Latin America and the Middle East & Africa are also showing potential for growth, primarily due to ongoing investments in infrastructure projects and the increasing need for corrosion resistance in varying climatic conditions. Overall, the regional landscape of the corrosion protective coatings market indicates promising growth opportunities across all regions.

Opportunities

The expanding global infrastructure development programs present fruitful opportunities for the corrosion protective coatings market. As countries invest in building and upgrading critical infrastructure, the demand for protective coatings is expected to surge. This trend is particularly evident in the Asia Pacific region, where rapid urbanization and industrial growth are driving significant investments in construction and infrastructure projects. Moreover, governments worldwide are increasingly emphasizing sustainability, resulting in a shift towards eco-friendly and high-performance coatings that contribute to environmental conservation. Manufacturers that prioritize innovation and sustainability in their product offerings will be well-positioned to capitalize on this burgeoning market opportunity.

Furthermore, the advancement of technology in coatings formulation and application processes is opening new avenues for market development. The incorporation of nanotechnology and smart coating solutions is revolutionizing the industry by enhancing the performance and functionality of corrosion protective coatings. These innovations not only improve the protective capabilities of coatings but also provide additional features such as self-healing properties and enhanced durability. As industries seek more efficient and effective corrosion protection solutions, manufacturers that invest in research and development to create cutting-edge products will gain a competitive advantage in the corrosion protective coatings market.

Threats

Despite the growth opportunities, the corrosion protective coatings market faces several threats that could hinder its expansion. The volatility in raw material prices, particularly for essential ingredients such as zinc and aluminum, poses a significant challenge for manufacturers. Fluctuating prices can impact profit margins and pricing strategies, leading to potential disruptions in supply chains. Additionally, the global shift towards sustainable practices is prompting stricter regulations on the use of certain chemicals in coatings, which may lead to increased compliance costs for manufacturers. The need to adapt to these evolving regulations can create challenges for companies that are not prepared for the transition, potentially affecting their market position.

Another significant threat to the corrosion protective coatings market is the growing competition from alternative protective solutions. Emerging technologies, such as advanced polymer materials and other corrosion-resistant systems, may pose a threat to traditional coatings. As industries seek innovative and cost-effective solutions to combat corrosion, manufacturers must continuously innovate to differentiate their products and maintain market relevance. Failure to adapt to changing market dynamics and consumer preferences could result in a loss of market share and reduced competitiveness for established players in the coatings industry.

Competitor Outlook

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Hempel A/S
• Sherwin-Williams Company
• Jotun A/S
• Axalta Coating Systems Ltd.
• Nippon Paint Holdings Co., Ltd.
• RPM International Inc.
• Kansai Paint Co., Ltd.
• Corning Incorporated
• 3M Company
• Momentive Performance Materials Inc.
• Valspar Corporation
• Chemours Company

The competitive landscape of the corrosion protective coatings market is characterized by a diverse range of players, from large multinational corporations to specialized manufacturers. The leading companies are engaged in constant innovation and strategic partnerships to enhance their product offerings and capture a larger market share. These companies are investing heavily in research and development to create advanced coatings that meet the evolving needs of industries, particularly in terms of performance and environmental sustainability. Furthermore, the emphasis on expanding their global presence through acquisitions and collaborations is helping these companies strengthen their market positions and enter new geographic regions.

Major companies such as AkzoNobel N.V., BASF SE, and PPG Industries, Inc. are at the forefront of the corrosion protective coatings market, leveraging their extensive product portfolios and established distribution networks to cater to various industries. AkzoNobel, for instance, is recognized for its innovative solutions that emphasize sustainability and efficiency, offering a wide range of protective coatings for diverse applications. Similarly, BASF SE focuses on developing high-performance coatings that meet stringent environmental regulations, ensuring its competitiveness in the market. PPG Industries, Inc. is known for its advanced technology and comprehensive range of coatings designed for durability and effectiveness, catering to the automotive, industrial, and marine sectors.

Additionally, companies like Sherwin-Williams Company and Jotun A/S are also making significant contributions to the market through their diverse product offerings and commitment to sustainability. Sherwin-Williams has positioned itself as a leader in protective coatings by providing innovative solutions that address corrosion challenges across various applications. Jotun, on the other hand, is known for its focus on marine and protective coatings, providing comprehensive solutions to safeguard assets in challenging environments. The competitive dynamics in the corrosion protective coatings market are continuously evolving, with companies striving to enhance their offerings and adapt to changing industry demands to maintain their leadership positions.

• 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 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 Hempel A/S
    • 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 Chemours Company
    • 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 Corning Incorporated
    • 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 Sherwin-Williams 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 Axalta Coating Systems Ltd.
    • 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 Nippon Paint Holdings Co., 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 Momentive Performance Materials Inc.
    • 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 Corrosion Protective Coatings Market, By Application
    • 6.1.1 Oil & Gas
    • 6.1.2 Marine
    • 6.1.3 Construction
    • 6.1.4 Automotive
    • 6.1.5 Aerospace
  • 6.2 Corrosion Protective Coatings Market, By Product Type
    • 6.2.1 Epoxy Coatings
    • 6.2.2 Polyurethane Coatings
    • 6.2.3 Acrylic Coatings
    • 6.2.4 Zinc Coatings
    • 6.2.5 Fluoropolymer Coatings
  • 6.3 Corrosion Protective Coatings Market, By Ingredient Type
    • 6.3.1 Zinc
    • 6.3.2 Aluminum
    • 6.3.3 Magnesium
    • 6.3.4 Cerium
    • 6.3.5 Molybdate
  • 6.4 Corrosion Protective Coatings Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retailers
    • 6.4.4 Wholesalers
    • 6.4.5 Others

• 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 Corrosion Protective 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 Corrosion Protective Coatings market is categorized based on

By Product Type

• Epoxy Coatings
• Polyurethane Coatings
• Acrylic Coatings
• Zinc Coatings
• Fluoropolymer Coatings

By Application

• Oil & Gas
• Marine
• Construction
• Automotive
• Aerospace

By Distribution Channel

• Direct Sales
• Distributors
• Online Retailers
• Wholesalers
• Others

By Ingredient Type

• Zinc
• Aluminum
• Magnesium
• Cerium
• Molybdate

By Region

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

Key Players

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Hempel A/S
• Sherwin-Williams Company
• Jotun A/S
• Axalta Coating Systems Ltd.
• Nippon Paint Holdings Co., Ltd.
• RPM International Inc.
• Kansai Paint Co., Ltd.
• Corning Incorporated
• 3M Company
• Momentive Performance Materials Inc.
• Valspar Corporation
• Chemours Company