UV cured Powder Coatings

UV Cured Powder Coatings Market Outlook

The global UV cured powder coatings market is projected to reach approximately USD 12.5 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 8.5% during the forecast period from 2025 to 2035. This growth can be attributed to the rising demand for eco-friendly and high-performance coatings across various industries, alongside an increasing focus on sustainable practices in manufacturing. Additionally, advancements in technology have led to innovations in powder coating formulations, enhancing their performance characteristics and applicability in diverse sectors. Furthermore, the shift towards UV curing techniques offers significant advantages, such as rapid curing times and reduced emissions of volatile organic compounds (VOCs), making these coatings increasingly popular among manufacturers and end-users alike.

Growth Factor of the Market

The UV cured powder coatings market is experiencing significant growth due to various interconnected factors. One of the key drivers is the escalating environmental regulations that mandate the reduction of VOC emissions, pushing manufacturers to adopt cleaner technologies like UV curing. Additionally, the automotive and construction industries are increasingly focusing on durability and aesthetics, which UV cured powder coatings can provide. The shift towards lightweight materials in manufacturing, particularly in the automotive sector, is further driving the demand for UV curing techniques, as they can be applied to a wide range of substrates. Moreover, the growing trend of customization in coatings, offering a wide palette of colors and finishes, is boosting the adoption of powder coatings. The increasing awareness regarding the longevity and cost-effectiveness of UV cured powder coatings over traditional liquid coatings continues to propel market growth.

Key Highlights of the Market

• Significant growth projected in the UV cured powder coatings market, reaching approximately USD 12.5 billion by 2035.
• Adoption of eco-friendly coatings driven by strict environmental regulations on VOC emissions.
• Technological advancements leading to improved performance characteristics of powder coatings.
• Increased demand from the automotive, industrial, and construction sectors.
• Customization in coatings gaining popularity, enhancing market attractiveness.

By Product Type

Thermoset UV Cured Powder Coatings:

Thermoset UV cured powder coatings are known for their superior durability and resistance to various environmental factors. These coatings undergo a chemical reaction upon curing, resulting in a rigid and thermoset polymer structure that can withstand higher temperatures and harsh conditions. The robust nature of thermoset coatings makes them particularly suitable for applications in automotive and heavy-duty industrial environments. Moreover, they offer excellent adhesion properties and are available in a wide range of finishes, including matte and gloss options, giving manufacturers the flexibility to meet specific aesthetic requirements. The demand for thermoset UV cured powder coatings is expected to grow as industries increasingly seek long-lasting and high-performance finishing solutions.

Thermoplastic UV Cured Powder Coatings:

Thermoplastic UV cured powder coatings are characterized by their ability to be remelted and reshaped upon heating, making them highly versatile in various applications. These coatings provide excellent flexibility and impact resistance, which are critical attributes in industries such as furniture and appliances. The ability to be reprocessed allows thermoplastic coatings to be recycled, aligning with the growing emphasis on sustainability. Furthermore, these coatings can be formulated to exhibit unique properties, such as high gloss or texture, catering to the diverse aesthetic preferences of consumers. The increasing adoption of thermoplastic UV cured powder coatings is driven by their performance features and the rising demand for environmentally friendly and recyclable materials across multiple sectors.

By Application

Automotive:

The automotive application segment is one of the leading sectors for UV cured powder coatings, driven by the industry's need for durable and aesthetically pleasing finishes. These coatings provide excellent protection against scratches, corrosion, and UV exposure, ensuring that vehicles maintain their appearance and structural integrity over time. Additionally, the rapid curing process inherent in UV technology allows manufacturers to streamline production and reduce cycle times, which is essential in the fast-paced automotive market. The shift towards electric vehicles and lightweight materials also supports the growth of UV cured powder coatings, as manufacturers seek effective ways to enhance vehicle performance while adhering to sustainability standards.

Industrial:

In the industrial sector, UV cured powder coatings are increasingly adopted due to their excellent chemical resistance and high durability. These coatings are ideal for protecting various equipment and machinery from wear and tear, which is crucial in demanding industrial environments. Their quick curing time translates to increased efficiency in manufacturing processes, allowing companies to meet stringent production schedules. Additionally, the ability to apply these coatings to a variety of substrates enables their use in diverse industrial applications, including protective coatings for metal parts and heavy machinery. The growing focus on enhancing operational efficiency and reducing maintenance costs is propelling the demand for UV cured powder coatings in this sector.

Architectural:

The architectural application segment utilizes UV cured powder coatings primarily for their aesthetic qualities and long-lasting protection. These coatings are applied to various surfaces, including metal frameworks, window frames, and building facades, where both performance and visual appeal are critical. The growing trend of sustainable architecture and green building practices supports the adoption of UV cured powder coatings, which offer low VOC emissions and high durability. Furthermore, the ability to customize colors and finishes makes these coatings attractive to architects and designers aiming to create visually striking structures. As urbanization continues and the demand for innovative architectural solutions rises, the architectural segment for UV cured powder coatings is poised for significant growth.

Furniture:

In the furniture segment, UV cured powder coatings are preferred for their versatility and ability to provide high-quality finishes. These coatings can be applied to various materials, including wood, metal, and plastic, making them suitable for a wide range of furniture products. The durability and scratch resistance of UV cured powder coatings ensure that furniture retains its aesthetic appeal over time, even with regular use. Additionally, the rapid curing process allows for efficient production and the ability to quickly respond to changing consumer trends and demands. As the furniture industry continues to evolve with an emphasis on sustainability and design innovation, the market for UV cured powder coatings is expected to expand significantly.

Others:

The 'Others' category encompasses a broad range of applications for UV cured powder coatings, highlighting their flexibility and adaptability. These coatings are utilized in various industries, including electronics, appliances, and decorative items. The ability to provide high-quality finishes that are resistant to chemicals and wear makes them suitable for diverse applications. Additionally, the growing trend towards customization in consumer goods is enhancing the demand for UV cured powder coatings, as manufacturers seek to differentiate their products through unique finishes and colors. The ongoing exploration of new applications and the development of innovative formulations will likely drive growth in this segment as market dynamics evolve.

By Use Industry

Manufacturing:

In the manufacturing industry, UV cured powder coatings are increasingly valued for their efficiency and performance. These coatings help manufacturers achieve high production rates due to their rapid curing times, allowing for faster turnarounds on products. They offer robust protection against chemicals, UV light, and physical wear, making them suitable for various manufacturing applications, including automotive parts, machinery, and consumer goods. As manufacturers prioritize durability and sustainability, the adoption of UV cured powder coatings is expected to rise, especially given their ability to meet stringent regulatory standards concerning VOC emissions. This shift towards advanced coating solutions within the manufacturing sector underlines the significant role of UV cured powder coatings in enhancing product quality and operational efficiency.

Construction:

In the construction industry, UV cured powder coatings are increasingly recognized for their protective qualities and aesthetic versatility. These coatings are applied to a wide range of construction materials, including metal frameworks, fixtures, and exterior surfaces. The durability offered by UV cured powder coatings ensures that structures withstand exposure to harsh environmental conditions, including UV radiation, moisture, and temperature fluctuations. Furthermore, the ability to customize colors and textures makes these coatings an appealing choice for architects and builders seeking to enhance the visual appeal of their projects. As construction methodologies evolve towards sustainability and energy efficiency, the demand for UV cured powder coatings is expected to grow, aligning with the industry's focus on long-lasting and eco-friendly solutions.

Transportation:

The transportation sector has seen a growing adoption of UV cured powder coatings due to their superior protective properties and aesthetic appeal. These coatings are applied to various components, including vehicle bodies, trailers, and transportation infrastructure, ensuring long-lasting finishes that can withstand the rigors of travel. The rapid curing process allows manufacturers in this sector to optimize production efficiency and reduce lead times, which are critical factors in transportation manufacturing. Additionally, as the industry increasingly emphasizes lightweight materials and fuel efficiency, the integration of UV cured powder coatings provides solutions that enhance performance while meeting regulatory compliance on emissions. The continual innovation in formulations is expected to drive growth in the transportation application of UV cured powder coatings.

Furniture:

The furniture industry is a significant segment for UV cured powder coatings, primarily due to their ability to provide durable and attractive finishes. These coatings are utilized on various materials, including wood, metal, and plastics, allowing manufacturers to create a wide range of furniture products. The longevity and scratch resistance of UV cured powder coatings ensure that furniture maintains its aesthetic appeal throughout its lifecycle, contributing to consumer satisfaction. Moreover, the quick curing process enhances production efficiency, enabling manufacturers to respond swiftly to changing consumer preferences and market trends. The increasing demand for customizable furniture solutions further drives the adoption of UV cured powder coatings within this sector, as manufacturers seek to differentiate their offerings in a competitive market.

By Substrate Type

Metal:

Metal surfaces are a primary substrate type for UV cured powder coatings, as these coatings provide excellent adhesion and protection against corrosion and wear. The application of UV cured powder coatings on metal substrates enhances the durability and aesthetic appeal of products such as automotive parts, industrial machinery, and architectural elements. The ability to create a wide range of finishes, from matte to glossy, allows manufacturers to meet specific design requirements while ensuring that the coatings are functional and long-lasting. As the demand for high-performance coatings increases in various industries, the use of UV cured powder coatings on metal substrates is expected to continue growing, driven by the emphasis on durability, protection, and aesthetic quality.

Plastic:

UV cured powder coatings are also widely applied to plastic substrates, providing a durable and aesthetically pleasing finish. The growing use of lightweight plastic materials in various industries, including automotive and consumer goods, drives the demand for UV cured coatings that offer excellent adhesion and flexibility. These coatings enhance the performance of plastic products by providing protection against UV radiation, chemicals, and physical wear, ensuring their longevity and functionality. Additionally, the ability to customize colors and finishes makes UV cured powder coatings an attractive option for manufacturers seeking to enhance the visual appeal of their plastic products. As the use of plastics continues to rise across various sectors, the demand for UV cured powder coatings on plastic substrates is poised for significant growth.

Wood:

Wood substrates are increasingly being coated with UV cured powder coatings, particularly in the furniture and construction industries. The application of these coatings provides a robust layer of protection against scratches, moisture, and UV damage, extending the life of wooden products. Moreover, UV cured powder coatings can enhance the natural beauty of wood, offering a variety of finishes that cater to consumer preferences. The quick curing time associated with UV technology allows manufacturers to streamline their production processes while achieving high-quality results. As trends in sustainable materials and finishes continue to evolve, the adoption of UV cured powder coatings on wood substrates is expected to grow, driven by the demand for durable and visually appealing wood products.

Glass:

Glass substrates are an emerging application area for UV cured powder coatings, primarily due to their ability to enhance aesthetics and provide protective coatings. These coatings can be tailored to create decorative effects while also offering benefits such as UV protection and scratch resistance. The use of UV cured powder coatings on glass is particularly relevant in architectural applications, where designers seek innovative solutions to improve building facades and interior elements. Additionally, the rapid curing process facilitates efficient production timelines, making it an attractive option for manufacturers. As the demand for unique and visually striking glass applications continues to rise, the market for UV cured powder coatings on glass substrates is anticipated to expand significantly.

Others:

The 'Others' category encompasses a diverse range of substrate types for UV cured powder coatings, highlighting their versatility across various applications. These coatings can be utilized on substrates such as ceramics, composites, and textiles, depending on the specific requirements of the product. The adaptability of UV cured powder coatings allows manufacturers to explore new markets and applications, driving innovation in coating formulations. Furthermore, the growing emphasis on sustainability and the need for eco-friendly coatings support the expansion of UV cured powder coatings across unconventional substrates. As industries continue to evolve and diversify, the potential for UV cured powder coatings on various substrates is expected to grow, opening up new avenues for market development.

By Region

The regional analysis of the UV cured powder coatings market reveals significant insights into the performance and growth prospects in various geographical areas. North America holds a prominent position in the market due to the presence of advanced manufacturing sectors, a high level of technological adoption, and stringent environmental regulations that encourage the use of eco-friendly coatings. The region's market is expected to witness a CAGR of around 7.5% during the forecast period, driven by increasing demand from the automotive, industrial, and architectural applications. Moreover, the growing trend of sustainable practices among manufacturers is further bolstering the adoption of UV cured powder coatings in North America, making it a key region for market expansion.

In contrast, the Asia Pacific region is projected to experience the highest growth rate in the UV cured powder coatings market, with a CAGR of approximately 9.2% during the same forecast period. This growth can be attributed to rapid industrialization, urbanization, and the expansion of the automotive and construction sectors in countries such as China and India. The rising consumer demand for durable and visually appealing products is further driving the adoption of UV cured powder coatings in this region. Furthermore, government initiatives promoting sustainable practices and environmental protection are encouraging manufacturers to shift towards eco-friendly coating solutions. As a result, the Asia Pacific region is expected to play a crucial role in shaping the future of the UV cured powder coatings market.

Opportunities

The UV cured powder coatings market presents numerous opportunities for growth and innovation, particularly as industries increasingly prioritize sustainability and environmental responsibility. The ongoing trend towards green building practices in the construction sector provides an avenue for UV cured powder coatings to gain traction, as these coatings emit low levels of VOCs and offer durability that aligns with sustainable construction goals. Additionally, the automotive industry's shift towards electric vehicles opens up new opportunities for manufacturers to develop specialized coatings that cater to lightweight materials and high-performance requirements. As consumers become more conscious of product longevity and aesthetics, the demand for customizable and eco-friendly coating solutions is expected to rise, creating a favorable landscape for UV cured powder coatings in various applications.

Moreover, advancements in technology and innovation within the coatings industry further expand opportunities for UV cured powder coatings. The development of new formulations that enhance performance characteristics, such as improved scratch and chemical resistance, can lead to increased adoption across various sectors. Additionally, the exploration of alternative substrates, such as textiles and composites, allows manufacturers to tap into new markets and applications that were previously unexplored. As industries continue to evolve and adapt to changing consumer preferences and regulatory standards, the UV cured powder coatings market is well-positioned to capitalize on these emerging opportunities for growth and development.

Threats

Despite the promising outlook of the UV cured powder coatings market, several threats could impede its growth trajectory. One significant challenge is the volatility of raw material prices, which can impact production costs and profit margins for manufacturers. Fluctuations in the availability and pricing of key ingredients used in UV cured powder coatings may lead to instability in the market and affect overall profitability. Additionally, the competitive landscape of the coatings industry is intensifying, with numerous players vying for market share. This heightened competition could result in price wars and decreased margins, potentially hindering the growth of smaller manufacturers who may struggle to compete against larger, well-established companies with extensive resources.

Furthermore, regulatory challenges can pose threats to the UV cured powder coatings market. While many regulations promote the use of low-VOC coatings, new and stricter environmental standards could emerge, requiring manufacturers to invest in research and development to meet these requirements. Compliance with such regulations may lead to increased production costs and longer lead times, which could affect market dynamics. Additionally, the potential for technological disruptions, such as the development of alternative coating technologies that outperform UV cured powder coatings, could pose a threat to the market's growth. As industries continue to evolve, staying ahead of technological advancements and regulatory changes will be critical for the sustained success of the UV cured powder coatings market.

Competitor Outlook

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Sherwin-Williams Company
• Valspar Corporation
• Hempel A/S
• RPM International Inc.
• Kansai Paint Co., Ltd.
• Ferro Corporation
• Eastman Chemical Company
• Axalta Coating Systems Ltd.
• Coatings for Industry, Inc.
• Elementis plc
• Covestro AG
• Celanese Corporation

The competitive landscape of the UV cured powder coatings market is characterized by the presence of numerous established players and emerging companies striving to capture market share. Major companies, such as AkzoNobel N.V. and BASF SE, dominate the market due to their extensive product portfolios and strong distribution networks. These companies continually invest in research and development to innovate new formulations that meet evolving customer needs and regulatory standards. Additionally, strategic partnerships, mergers, and acquisitions are common strategies employed by key players to enhance their market presence and expand their offerings. The competitive dynamics are influenced by factors such as product differentiation, customer service, and the ability to deliver cost-effective solutions, with companies focusing on sustainability and eco-friendliness as a competitive edge.

AkzoNobel N.V., a global leader in coatings, is known for its commitment to innovation and sustainability. With a strong emphasis on research and development, the company has developed a wide range of UV cured powder coatings that cater to various applications, including automotive, industrial, and architectural sectors. Similarly, BASF SE leverages its extensive expertise in chemistry to offer high-performance UV cured powder coatings, focusing on durability and aesthetics. The company’s strategic initiatives to enhance its sustainability practices align with the growing demand for eco-friendly coatings, positioning it favorably in the market. As both companies continue to adapt to changing market dynamics, their ability to innovate and respond to customer demands will play a crucial role in maintaining their competitive advantage.

Another prominent player, PPG Industries, Inc., is a key competitor in the UV cured powder coatings market, known for its commitment to providing high-quality and innovative coating solutions. The company actively invests in developing advanced formulations that enhance performance characteristics while meeting environmental standards. Sherwin-Williams Company is also a significant player, recognized for its wide range of UV cured powder coatings tailored for various applications. The company focuses on building long-term partnerships with customers, providing them with customized solutions that meet their specific requirements. As the market evolves, these major companies, alongside emerging players, will continue to shape the competitive landscape of the UV cured powder coatings 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 Hempel 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 Covestro AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Elementis plc
    • 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 Celanese Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 PPG Industries, Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Kansai Paint Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 RPM International Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Eastman Chemical Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Sherwin-Williams Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Axalta Coating Systems Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Coatings for Industry, 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 UV cured Powder Coatings Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Industrial
    • 6.1.3 Architectural
    • 6.1.4 Furniture
    • 6.1.5 Others
  • 6.2 UV cured Powder Coatings Market, By Product Type
    • 6.2.1 Thermoset UV Cured Powder Coatings
    • 6.2.2 Thermoplastic UV Cured Powder Coatings
  • 6.3 UV cured Powder Coatings Market, By Use Industry
    • 6.3.1 Manufacturing
    • 6.3.2 Construction
    • 6.3.3 Transportation
    • 6.3.4 Furniture
    • 6.3.5 Others
  • 6.4 UV cured Powder Coatings Market, By Substrate Type
    • 6.4.1 Metal
    • 6.4.2 Plastic
    • 6.4.3 Wood
    • 6.4.4 Glass
    • 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 UV cured Powder 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 UV cured Powder Coatings market is categorized based on

By Product Type

• Thermoset UV Cured Powder Coatings
• Thermoplastic UV Cured Powder Coatings

By Application

• Automotive
• Industrial
• Architectural
• Furniture
• Others

By Use Industry

• Manufacturing
• Construction
• Transportation
• Furniture
• Others

By Substrate Type

• Metal
• Plastic
• Wood
• Glass
• Others

By Region

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

Key Players

• AkzoNobel N.V.
• BASF SE
• PPG Industries, Inc.
• Sherwin-Williams Company
• Valspar Corporation
• Hempel A/S
• RPM International Inc.
• Kansai Paint Co., Ltd.
• Ferro Corporation
• Eastman Chemical Company
• Axalta Coating Systems Ltd.
• Coatings for Industry, Inc.
• Elementis plc
• Covestro AG
• Celanese Corporation