Electrical Resin

Electrical Resin Market Outlook

The global Electrical Resin market has shown significant growth, reaching an estimated valuation of approximately USD 6 billion in 2023, with a projected compound annual growth rate (CAGR) of 5.2% from 2025 to 2035. This growth can be attributed to the increasing demand for electrical insulation materials across various industries, particularly in the automotive and electronics sectors. The rising adoption of renewable energy sources, such as wind and solar energy, is also a contributing factor, as these technologies require durable and reliable electrical components that can withstand harsh environmental conditions. Moreover, advancements in resin formulations, leading to enhanced performance characteristics, are further stimulating market growth. The trend towards lightweight materials in electrical applications is pushing manufacturers to invest in newer resin technologies to cater to this demand.

Growth Factor of the Market

The growth of the Electrical Resin market can be attributed to a variety of factors that are driving demand from multiple sectors. One of the primary catalysts is the rapid expansion of the electronics and electrical component industries, which are increasingly utilizing resins for insulation, protection, and bonding applications. Additionally, the ongoing trend towards miniaturization in electronics is leading to a higher need for efficient and compact insulating materials that can also provide excellent thermal stability. Furthermore, the automotive sector is witnessing a paradigm shift towards electric vehicles (EVs), which necessitate the use of high-performance electrical resins for battery encapsulation and insulation. This trend is supported by governmental policies promoting electric mobility, thereby creating a robust demand for electrical resins. Moreover, the surge in renewable energy projects, particularly in solar and wind energy systems, is an emerging factor contributing to the sustained growth of the electrical resin market.

Key Highlights of the Market

• The Electrical Resin market is expected to exhibit a CAGR of 5.2% from 2025 to 2035.
• Increasing demand from the automotive sector, especially for electric vehicles, is driving market growth.
• Advancements in resin formulations are enhancing performance characteristics, broadening application areas.
• The shift towards lightweight materials in electrical applications is fostering innovation among manufacturers.
• Growing investments in renewable energy sources are creating new opportunities in the electrical resin market.

By Product Type

Epoxy Resin:

Epoxy resin is among the most widely used electrical resins owing to its excellent electrical insulation properties and mechanical strength. It is favored for applications where durability and heat resistance are paramount. Epoxy resins are often utilized in the production of circuit boards, encapsulations, and molds for electrical components. Their strong adhesion capabilities make them suitable for various substrates, providing a reliable and long-lasting bond. Additionally, as the trend towards miniaturization continues, the precision required in electronic devices further drives the demand for epoxy resins, ensuring that they remain a dominant player in the electrical resin market.

Polyurethane Resin:

Polyurethane resins are known for their versatility and flexibility, making them suitable for a wide range of electrical applications. These resins exhibit excellent resistance to moisture and chemicals, which is crucial for insulation and protective coatings in electrical components. Their elastic properties allow them to absorb mechanical stress, making them ideal for applications involving vibration and movement. Moreover, the growing trend of using polyurethane for potting compounds and encapsulation in electrical devices is contributing to its increasing market share. Manufacturers are continually innovating to enhance the performance of polyurethane resins, which further supports their adoption in the electrical sector.

Silicone Resin:

Silicone resins are gaining traction in the electrical resin market due to their superior thermal stability and electrical insulation properties. These resins perform exceptionally well under extreme temperatures, which makes them suitable for high-performance applications in the automotive, aerospace, and electronics industries. Their inherent water-repellent nature also provides additional protection against moisture, making silicone resins ideal for outdoor electrical applications. The resilience of silicone resins to UV radiation and weathering further enhances their appeal in applications requiring prolonged exposure to environmental stressors, thereby solidifying their position in the market.

Polyester Resin:

Polyester resins are extensively used in the electrical industry for applications such as mold making and as a matrix material in composite products. They offer good electrical insulation properties and are cost-effective compared to other resin types. Polyester resins can be tailored to fit specific requirements by modifying their formulation, which provides versatility in their applications. Their ease of processing and ability to cure at room temperature makes them a popular choice among manufacturers. As a result, the demand for polyester resins is expected to remain strong, especially in sectors requiring large-scale production of electrical components.

Acrylic Resin:

Acrylic resins are increasingly being utilized in electrical applications due to their clarity, durability, and resistance to yellowing over time. These resins are especially effective in coatings and encapsulations where optical clarity is essential. The ability to engineer acrylic resins for specific performance characteristics, such as UV stability and chemical resistance, enhances their applicability in various electrical components. The growth of consumer electronics, where aesthetic appeal is critical, is also driving the demand for acrylic resins in finishes and coatings, making them a valuable segment in the electrical resin market.

By Application

Electrical Insulation:

Electrical insulation is one of the primary applications driving the growth of the electrical resin market. Insulating materials are essential for preventing electrical failures and enhancing the safety and reliability of electrical systems. Epoxy and silicone resins dominate this segment due to their excellent dielectric properties and resistance to thermal degradation. The continuous expansion of the electronics and automotive sectors, especially with the rise of electric vehicles, is increasing the need for advanced insulation materials. Manufacturers are innovating to develop resins that meet stringent electrical insulation standards, thus maintaining the integrity and functionality of electrical components.

Coatings & Encapsulation:

Coatings and encapsulation applications are crucial for protecting electrical components from environmental factors such as moisture, dust, and chemicals. Electrical resins serve as protective barriers that enhance the longevity and performance of devices. Epoxy and polyurethane resins are commonly used for this purpose due to their robustness and flexibility. The growing trend of miniaturization in electronics demands high-performance coatings that can protect increasingly smaller components without adding significant weight. As a result, the segment for coatings and encapsulation is expanding, driven by innovations aimed at improving the resilience and properties of electrical resins used in this application.

Adhesives & Sealants:

The use of electrical resins as adhesives and sealants is gaining momentum due to their strong bonding capabilities and excellent thermal stability. These materials are critical in ensuring the structural integrity of electronic assemblies and providing effective seals against moisture and contaminants. The automotive and electronics industries, in particular, are adopting advanced adhesive solutions that utilize epoxy and polyurethane resins to meet the rigorous demands of modern applications. The continuous push for improved energy efficiency and lighter materials further enhances the need for innovative adhesive solutions, solidifying this application segment's importance in the electrical resin market.

Potting Compounds:

Potting compounds made from electrical resins are essential for protecting sensitive electronic components from mechanical stress, moisture, and other environmental factors. The use of epoxy and polyurethane resins allows for the creation of robust encapsulations that secure components within housings, ensuring reliability and performance. The growing emphasis on the durability of electronic devices in various industries, particularly in automotive and aerospace applications, is contributing to the rising demand for potting compounds. As manufacturers continue to innovate and develop potting materials with improved properties, the market for these compounds is expected to witness significant growth.

Mold Making:

Mold making is an essential application for electrical resins, particularly polyester and epoxy types, which are used to create durable molds for various electrical components. The precision and versatility of these resins allow for the production of complex shapes and designs necessary for modern electronic devices. With the rapid development of new technologies, including 3D printing, the demand for advanced mold-making solutions is increasing. The ability to rapidly prototype and produce high-quality molds that meet specific performance criteria positions this application segment for continued growth within the electrical resin market.

By Distribution Channel

Direct Sales:

Direct sales are a significant distribution channel for electrical resins, allowing manufacturers to engage directly with customers and provide tailored solutions to meet specific needs. This approach enables companies to establish long-term relationships with clients, ensuring personalized service and support. Direct sales also allow manufacturers to maintain control over pricing strategies and marketing, which can lead to improved profitability. With the increasing complexity of electrical resin applications, direct sales channels are becoming essential for delivering value-added services such as technical support and product training, further driving their market share.

Distributors:

Distributors play a critical role in the electrical resin market by bridging the gap between manufacturers and end-users. By leveraging established networks, distributors can provide timely access to a diverse range of resin products and formulations that meet customer requirements. This channel is particularly advantageous for smaller manufacturers who may lack the resources to maintain extensive sales teams. Distributors also offer logistical advantages, ensuring efficient delivery and inventory management. As the demand for electrical resins continues to grow, distributors are increasingly positioned to capitalize on market opportunities by offering a comprehensive array of products and services.

Online Retailers:

The rise of e-commerce has transformed the distribution landscape for electrical resins, with online retailers becoming an increasingly popular choice for customers seeking convenience and a wide variety of products. Online platforms enable users to easily compare products, read reviews, and access technical specifications, which facilitates informed purchasing decisions. Furthermore, online retailers often provide competitive pricing and promotions, making them an attractive option for end-users. As the digital transformation of industries progresses, the online retail channel is expected to expand further, offering new opportunities for growth in the electrical resin market.

Specialty Stores:

Specialty stores that focus on electrical components and materials are essential distribution channels for electrical resins, catering to niche markets and specific customer needs. These stores provide expert knowledge and personalized service, which can be invaluable for customers seeking specialized resin products for unique applications. Furthermore, specialty stores often stock a curated selection of high-quality materials, which enhances the customer experience by ensuring access to reliable products. As industries continue to demand custom solutions, specialty stores are likely to maintain their relevance in the electrical resin market through their focus on customer-centric services.

Others:

Other distribution channels, including trade shows, exhibitions, and industry events, also contribute to the electrical resin market by providing platforms for manufacturers to showcase their products and connect with potential customers. These channels facilitate networking opportunities and help build brand awareness within the industry. Additionally, partnerships with academic institutions and research organizations can lead to collaborative efforts that drive innovation and the development of new resin formulations. As the electrical resin market evolves, these alternative channels will continue to play a crucial role in fostering relationships and enhancing market dynamics.

By Ingredient Type

Thermoplastic Resin:

Thermoplastic resins are becoming increasingly popular in the electrical resin market due to their ease of processing and recyclability. These resins can be remolded and reshaped upon heating, making them suitable for a variety of applications, including coatings and insulations. Their high impact resistance and flexibility make them ideal for use in environments where mechanical stress is present. As sustainability becomes a key focus for manufacturers and consumers alike, the demand for thermoplastic resins is expected to grow as they provide environmentally friendly options for electrical applications.

Thermosetting Resin:

Thermosetting resins, such as epoxy and polyurethane, are widely used in the electrical resin market due to their excellent thermal stability and mechanical properties. Once cured, these resins become rigid and cannot be remolded, providing superior performance in applications requiring durability and heat resistance. Their chemical resistance and adhesive properties make them ideal for use in electrical insulation, potting compounds, and coatings. As industries continue to push for high-performance materials that can withstand harsh conditions, thermosetting resins are likely to remain a dominant force in the electrical resin market.

Reactive Resin:

Reactive resins are gaining traction in the electrical resin market because of their unique properties that allow them to chemically bond with substrates. These resins are often used in applications requiring superior adhesion and moisture resistance, making them ideal for protective coatings and adhesives. The versatility of reactive resins enables them to be tailored to meet specific performance requirements, which is essential for advanced electrical applications. As the demand for high-performance materials increases, reactive resins are expected to see substantial growth in the electrical resin market.

UV-curable Resin:

UV-curable resins are increasingly being adopted in the electrical resin market due to their rapid curing capabilities and environmental benefits. These resins cure quickly when exposed to ultraviolet light, allowing for faster production cycles and reduced energy consumption. Their excellent clarity, flexibility, and resistance to chemicals make them suitable for coatings and encapsulations in electronics. As manufacturers seek more efficient production processes and sustainable practices, the popularity of UV-curable resins is likely to rise, positioning them as a significant segment in the electrical resin market.

Water-based Resin:

Water-based resins are becoming a preferred choice in the electrical resin market due to their low environmental impact and ease of use. These resins offer excellent performance in terms of adhesion and insulation while being safer for both manufacturers and end-users. As regulatory pressures regarding volatile organic compounds (VOCs) increase, the demand for water-based resins is projected to grow. Their application in coatings and adhesives aligns well with the industry's shift towards sustainable practices, making water-based resins a valuable segment within the electrical resin market.

By Region

The regional analysis of the Electrical Resin market reveals distinct trends and opportunities across different geographies. North America holds a significant share of the market, driven by the strong presence of established electronics and automotive industries. The region is expected to witness a CAGR of 5.0% from 2025 to 2035, supported by increasing investments in electric vehicle technology and renewable energy projects. Meanwhile, Europe is also a key player, benefiting from stringent regulations that necessitate the use of high-performance insulating materials in various applications. The focus on sustainability and environmental compliance in this region is expected to fuel the demand for advanced electrical resins.

Asia Pacific is poised for substantial growth in the Electrical Resin market, driven by rapid industrialization and the expansion of the electronics manufacturing sector in countries like China and India. The region's market is projected to grow significantly, with a CAGR of 6.0% during the forecast period, as local manufacturers increasingly adopt advanced resin technologies to meet the rising demand for electrical components. Moreover, Latin America and the Middle East & Africa are also expected to contribute to market growth, primarily through increased investments in infrastructure and renewable energy initiatives, although the growth rates in these regions may be comparatively lower.

Opportunities

The Electrical Resin market is poised to benefit from a multitude of opportunities arising from technological advancements and evolving consumer needs. One significant opportunity lies in the increasing adoption of electric vehicles (EVs), which require high-performance electrical insulations and protective materials. As automakers gear up to meet global emissions targets and consumer demand for sustainable transportation solutions, the demand for specialized electrical resins is expected to surge. Manufacturers can capitalize on this trend by developing targeted resin formulations that enhance battery performance, thermal management, and overall durability of EV components. Additionally, the growing trend towards smart electronics and the Internet of Things (IoT) is creating opportunities for innovative electrical resin applications in advanced consumer electronics.

Moreover, the rising emphasis on sustainability and environmental responsibility is driving demand for eco-friendly electrical resin solutions. Manufacturers that invest in research and development to create biodegradable and recyclable resin formulations can tap into the growing market segment focused on sustainable materials. Furthermore, the global shift towards renewable energy sources such as solar and wind power is creating demand for electrical resins that provide long-lasting protection and insulation for critical components. As countries around the world commit to reducing their carbon footprints, the opportunities for electrical resin manufacturers to align their offerings with sustainability goals will continue to expand, paving the way for long-term growth and success in the market.

Threats

The Electrical Resin market, while full of opportunities, also faces several threats that could potentially impede growth. One of the primary threats is the volatility of raw material prices, which can lead to increased production costs and affect profit margins for manufacturers. Fluctuations in the prices of key ingredients, such as petrochemicals and natural resins, can create unpredictability in the supply chain, making it challenging for companies to maintain competitive pricing. Additionally, the electrical resin market is highly competitive, with numerous players vying for market share. This competition can lead to price wars, further squeezing profit margins and potentially leading to reduced investments in innovation and quality.

Moreover, regulatory challenges related to environmental standards and safety may pose a significant restraint on market growth. As governments implement stricter regulations regarding the use of certain chemicals and materials, manufacturers may face increased compliance costs and the need to reformulate products to meet new guidelines. This could slow down product development timelines and hinder the introduction of new resin technologies. Furthermore, the potential for substitute materials, such as thermoplastic elastomers or other types of polymers, poses a competitive threat to the electrical resin market. As alternative materials gain traction, manufacturers must remain vigilant and innovative to retain market relevance and meet evolving customer demands.

Competitor Outlook

• 3M Company
• BASF SE
• Huntsman Corporation
• Momentive Performance Materials Inc.
• Dow Chemical Company
• Henkel AG & Co. KGaA
• Covestro AG
• SABIC (Saudi Basic Industries Corporation)
• Arkema SA
• Wacker Chemie AG
• Eastman Chemical Company
• Lanxess AG
• LG Chem Ltd.
• ICL Group
• Shin-Etsu Chemical Co., Ltd.

The competitive landscape of the Electrical Resin market is characterized by the presence of several key players who are actively involved in various stages of the supply chain, from raw material sourcing to product innovation and distribution. Leading companies are focusing on research and development to create advanced resin formulations that meet the evolving needs of industries such as automotive, electronics, and renewable energy. Collaborations, partnerships, and mergers and acquisitions are common strategies employed by these companies to enhance their market position and expand their product portfolios. Additionally, many players are investing in sustainable practices and eco-friendly resin solutions to align with global sustainability trends and regulatory requirements.

3M Company, for instance, is renowned for its innovative adhesive solutions and electrical insulation materials, which are widely used in the automotive and electronics sectors. The company has consistently prioritized research and development, allowing it to introduce cutting-edge products that meet the stringent demands of modern applications. Similarly, BASF SE, a global leader in chemical manufacturing, offers a diverse range of electrical resins designed to provide enhanced performance and reliability. Its commitment to sustainability and innovation positions it well in a competitive landscape where environmental considerations are increasingly important.

Furthermore, Huntsman Corporation is known for its high-performance polyurethane resins, which are widely used in various electrical applications. The company's focus on developing advanced materials that offer superior insulation properties and mechanical strength has made it a key player in the electrical resin market. Momentive Performance Materials Inc. specializes in silicone resins that provide exceptional thermal stability and electrical insulation. Their innovative solutions are particularly sought after in industries where resilience against extreme conditions is critical. As the electrical resin market evolves, these companies and others will continue to shape industry trends through their commitment to excellence and innovation.

• 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 Arkema SA
    • 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 ICL Group
    • 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 3M Company
    • 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 Lanxess 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 Covestro AG
    • 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 LG Chem Ltd.
    • 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 Wacker Chemie AG
    • 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 Henkel AG & Co. KGaA
    • 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 Huntsman Corporation
    • 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 Shin-Etsu Chemical Co., 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 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
  • 5.15 SABIC (Saudi Basic Industries Corporation)
    • 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 Electrical Resin Market, By Application
    • 6.1.1 Electrical Insulation
    • 6.1.2 Coatings & Encapsulation
    • 6.1.3 Adhesives & Sealants
    • 6.1.4 Potting Compounds
    • 6.1.5 Mold Making
  • 6.2 Electrical Resin Market, By Product Type
    • 6.2.1 Epoxy Resin
    • 6.2.2 Polyurethane Resin
    • 6.2.3 Silicone Resin
    • 6.2.4 Polyester Resin
    • 6.2.5 Acrylic Resin
  • 6.3 Electrical Resin Market, By Ingredient Type
    • 6.3.1 Thermoplastic Resin
    • 6.3.2 Thermosetting Resin
    • 6.3.3 Reactive Resin
    • 6.3.4 UV-curable Resin
    • 6.3.5 Water-based Resin
  • 6.4 Electrical Resin Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retailers
    • 6.4.4 Specialty Stores
    • 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 Electrical 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 Electrical Resin market is categorized based on

By Product Type

• Epoxy Resin
• Polyurethane Resin
• Silicone Resin
• Polyester Resin
• Acrylic Resin

By Application

• Electrical Insulation
• Coatings & Encapsulation
• Adhesives & Sealants
• Potting Compounds
• Mold Making

By Distribution Channel

• Direct Sales
• Distributors
• Online Retailers
• Specialty Stores
• Others

By Ingredient Type

• Thermoplastic Resin
• Thermosetting Resin
• Reactive Resin
• UV-curable Resin
• Water-based Resin

By Region

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

Key Players

• 3M Company
• BASF SE
• Huntsman Corporation
• Momentive Performance Materials Inc.
• Dow Chemical Company
• Henkel AG & Co. KGaA
• Covestro AG
• SABIC (Saudi Basic Industries Corporation)
• Arkema SA
• Wacker Chemie AG
• Eastman Chemical Company
• Lanxess AG
• LG Chem Ltd.
• ICL Group
• Shin-Etsu Chemical Co., Ltd.