Top 20 Companies in the Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market: Global Share, Market Size, Revenue Report (2024–2035)
RELEASE DATE: Mar 2026 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Introduction
The rising hazards of equipment breakdowns from corrosion and the strict safety requirements of oil and gas, petrochemical, and energy industries drive the essential need for protective solutions. 40-60 per cent of total piping maintenance costs in oil and gas facilities result from CUI-related expenses. The effects of CUI can cause catastrophic events, which result in leaks and equipment breakages that produce environmental destruction and financial damage and present dangers to workers. To achieve product safety, companies need to invest more resources into advanced coatings, which help prevent incidents from occurring. Thermal spray aluminium (TSA) advanced coatings deliver CUI protection for more than 25 years of operational performance.
The energy sector experiences accelerated growth because renewable energy infrastructure development proceeds while oil and gas demand remains strong. Energy companies operate in extremely challenging locations, which expose their equipment to severe weather conditions, high humidity, and extreme temperature fluctuations that speed up corrosion processes. CUI primarily affects equipment that functions between -4 °C and 175 °C because this temperature range prevents moisture from evaporating, which leads to corrosion. The energy industry demands protective coatings that can withstand challenging conditions because renewable energy production through wind, solar and geothermal sources requires more energy than before.
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Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market Size & Statistics
- The Market Size for Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Was Estimated to be worth USD 5.87 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 15.2% between 2025 and 2035.
- The Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market Size is anticipated to reach USD 24.3 Billion by 2035.
- North America is estimated to dominate the market during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market.
- Asia-Pacific is projected to grow the fastest during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market.
Market Segmentation
Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market Size, Share, By Type (Epoxy, Arcylic, Silicone, and Others), By End Use (Marine, Oil & Gas, Petrochemicals, Energy & Power, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.
Regional growth and demand
North America is expected to dominate the market during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market.
North America held the majority of the market share by revenue for the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market. The security of offshore oil rig pipelines and platforms receives protection from their extensive use throughout the Gulf of Mexico. The coatings that power plants across the United States use, including Duke Energy and Pacific Gas and Electric, serve to protect their systems from damage that occurs during high-humidity and high-temperature operational conditions. The widespread adoption of this technology across multiple industries leads to its position as the top product in the North American market.
Asia-Pacific is projected to grow the fastest during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market.
Asia-Pacific is projected to grow the fastest during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market. This situation results from three factors, which include fast industrial growth, extensive building developments and increased power requirements. China, as the biggest energy user in the world, spends substantial amounts of money on developing renewable energy sources, including wind and solar power facilities that utilise advanced insulation and corrosion-resistant materials. Companies such as China National Petroleum Corporation and Sinopec depend on CUI and SOI coatings to protect their extensive inland and offshore oil and gas operations, which include pipelines, offshore platforms and refineries.
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Top 10 Trends in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market
- Growing industrial infrastructure investment in oil & gas, petrochemical, and energy sectors
- Steady market growth with rising CAGR (market expansion 2024–2034)
- Asia-Pacific emerging as the primary growth engine.
- Shift toward advanced coating technologies (nanoceramic, hybrid polymers)
- Emphasis on sustainable and eco-friendly coatings (low-VOC, water-based)
- Increasing adoption of SOI for improved thermal performance and moisture resistance
- Strategic partnerships, joint ventures, and alliances among key players
- Growing demand from energy transition projects, including renewables and LNG infrastructure.
- Integration with asset management and predictive maintenance tools
- Focus on high-temperature, high-durability coating systems for extreme environments.
- Growing industrial infrastructure investment in oil & gas, petrochemical, and energy sectors
The oil and gas sector, together with petrochemical operations and power generation facilities, will create a need for CUI and SOI coatings through their ongoing facility development plans. The construction of new plants and refineries, together with renewable energy facilities, needs protection systems that can withstand both corrosion and thermal damage.
- Steady market growth with rising CAGR
The market will experience steady growth throughout the upcoming ten years because people increasingly understand corrosion hazards, and they value the benefits of maintaining their assets over extended periods.
- Asia-Pacific emerging as the primary growth engine
The Asia-Pacific region experiences strong demand for protective coatings because industrialisation and major energy projects are developing rapidly across China and India.
- Shift toward advanced coating technologies
The market is increasingly adopting innovative coatings that include nanoceramic and hybrid polymeric and multi-functional systems to achieve corrosion protection and thermal insulation, which extends asset durability.
- Emphasis on sustainable and eco-friendly coatings
Environmental regulations, together with sustainability initiatives, make low-VOC and water-based coatings important because they achieve environmental protection while delivering full performance capabilities.
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Top 20 Companies Leading the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market
- PPG Industries
- Sherwin‑Williams
- Akzo Nobel
- The Dow Chemical Company
- Hempel
- RPM International
- BASF SE
- Jotun
- Axalta Coating Systems
- Nippon Paint Holdings
- Tnemec Company
- International Paint (part of Akzo Nobel)
- Wagner SprayTech
- Henkel AG & Co. KGaA
- Valspar (a subsidiary of Sherwin‑Williams)
- Carboline Company
- Sherwin‑Williams Protective & Marine Coatings
- Sto SE & Co. KGaA
- Hollingsworth & Vose (H&V)
- 3M Company
1. PPG Industries
Headquarters: Pittsburgh, Pennsylvania, USA
The established company PPG Industries, which began operations in 1883, reported yearly earnings of approximately 15.8 billion US dollars for 2024. The company provides various industrial and protective coating products, which include anti-corrosion coatings, thermal insulation coatings and speciality coatings for use in infrastructure projects, energy production facilities and heavy industrial operations. PPG operates as one of the largest protective coatings manufacturers worldwide while it maintains manufacturing facilities and research and development centres, and distribution networks in more than 70 nations.
2. Sherwin-Williams Company
Headquarters: Cleveland, Ohio, USA.
The Sherwin-Williams Company, which started operations in 1866, generated approximately 23.1 billion US dollars in revenue during 2024 from its performance industrial and protective coatings business segments. The company offers a product portfolio that includes corrosion-resistant and high-performance coatings that serve energy, marine, and industrial markets. Sherwin-Williams operates extensively through global sales channels and distributors in 120+ countries, making it consistently ranked among the top coatings companies worldwide.
3. Akzo Nobel
Headquarters: Amsterdam, Netherlands
Akzo Nobel, which became a company through the process of mergers in the year 1994, achieved total revenues of approximately 11.6 billion US dollars during 2024. The company offers a product assortment that includes performance and protective coatings as well as industrial finishes and marine coatings that deliver corrosion protection and extended product life. AkzoNobel operates in more than 150 countries to provide its brands, which include Dulux, Interpon and International, for use in industrial and infrastructure protective solutions.
4. Dow Inc.
Headquarters: Midland, Michigan, USA
Dow Inc. started its business operations in 1897 and generated approximately USD 43 billion in revenue during the year 2024. The materials science company develops its performance materials and resins to produce high-performance protective and anti-corrosion coatings that the industrial, energy and infrastructure sectors use. Dow maintains its extensive operations in more than 160 countries to develop and deliver coatings solutions and research to prevent corrosion.
5. Axalta Coating Systems
Headquarters: Philadelphia, Pennsylvania, US
Axalta Coating Systems, which began operations in 1866, achieved total revenue of approximately USD 5.3 billion during the year 2024. The company develops industrial, automotive and protective coatings, which include corrosion-resistant and durable formulations that heavy equipment, pipelines and structural components use. Axalta operates in more than 130 countries through its distribution and service network while expanding its industrial coatings business with its Abcite, Alesta and Voltatex brands.
Are you ready to discover more about the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market?
The report provides an in-depth analysis of the leading companies operating in the Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardised format that includes:
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Company Profile
1. PPG Industries
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Sherwin‑Williams
- Akzo Nobel
- The Dow Chemical Company
- Hempel
- RPM International
- BASF SE
- Jotun
- Axalta Coating Systems
- Nippon Paint Holdings
- Tnemec Company
- International Paint (part of Akzo Nobel)
- Wagner SprayTech
- Henkel AG & Co. KGaA
- Valspar (a subsidiary of Sherwin‑Williams)
- Carboline Company
- Sherwin‑Williams Protective & Marine Coatings
- Sto SE & Co. KGaA
- Hollingsworth & Vose (H&V)
- 3M Company
Conclusion
The Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market size is expected to grow at a compound annual growth rate (CAGR) of 15.2%, from USD 5.87 billion in 2024 to USD 24.3 billion by 2035. Global market expansion is fuelled by an increase in the case of equipment failure through corrosion, rising safety regulations, and rising investments and infrastructure. North America held the majority of the market share by revenue for the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market due to high usage, safety regulations, and technical advancements. Asia-Pacific is projected to grow the fastest during the forecast period in the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market. This situation results from three factors, which include fast industrial growth, extensive building developments and increased power requirements.
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