The Global Spray-on Insulation (SOI) Coatings Market was valued at USD 1.23 Billion in 2022 and is projected to reach USD 2.18 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2023–2032). This growth is being driven by rising demand for energy-efficient building materials, expanding applications in petrochemical and automotive sectors, and the increasing focus on sustainable thermal management solutions to reduce energy consumption and emissions in industrial and residential settings.

As industries worldwide prioritize energy conservation and environmental sustainability, the attention turns to innovative coating providers who are advancing thermal insulation technologies. These spray-on solutions offer seamless application, superior thermal resistance, and durability against harsh conditions. In this blog, we profile the Top 10 Companies in the Spray-on Insulation (SOI) Coatings Market—a blend of global chemical giants, specialized manufacturers, and innovation leaders shaping the future of protective and insulating coatings.

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🔟 1. Akzo Nobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Epoxy-based SOI coatings, Acrylic thermal barriers, Silicone insulation sprays

Akzo Nobel stands as a powerhouse in the coatings industry, with its International Paint and Dulux brands leading in spray-on insulation solutions. The company supplies high-performance SOI coatings to sectors like construction, marine, and oil & gas, where thermal protection is critical for equipment longevity and energy savings. Their products are engineered for easy application on complex surfaces, providing robust insulation against extreme temperatures while adhering to stringent environmental standards.

Sustainability Initiatives:

• Development of low-VOC, water-based SOI formulations to minimize environmental impact

• Partnerships with construction firms for green building certifications

• Commitment to carbon-neutral production processes by 2030

Download FREE Sample Report: Spray-on Insulation (SOI) Coatings Market – View in Detailed Research Report

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9️⃣ 2. Jotun A/S

Headquarters: Sandefjord, Norway
Key Offering: Multi-polymeric matrix SOI coatings, Epoxy thermal insulators

Jotun A/S excels in protective coatings, particularly for harsh industrial environments. Operating in over 100 countries, the company delivers SOI coatings that enhance thermal efficiency in petrochemical plants and offshore structures. Their innovative spray formulations provide corrosion resistance alongside insulation, helping clients reduce operational costs through better energy management and extended asset life.

Sustainability Initiatives:

• Investment in bio-based resins for eco-friendly SOI products

• Collaboration with energy firms to optimize insulation for renewable projects

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8️⃣ 3. Hempel A/S

Headquarters: Lyngby, Denmark
Key Offering: Silicone-based SOI coatings, Acrylic insulation sprays

Hempel A/S is renowned for its marine and industrial coatings, including advanced SOI solutions that protect against heat transfer in high-temperature applications. With a strong presence in Asia and Europe, Hempel’s products are used in automotive assembly lines and construction projects, offering quick-drying, flexible insulation that conforms to irregular surfaces without cracking.

Sustainability Initiatives:

• Targets for 50% recycled content in SOI formulations by 2025

• Programs to reduce embodied carbon in manufacturing processes

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7️⃣ 4. RPM International Inc.

Headquarters: Medina, Ohio, USA
Key Offering: Epoxy and multi-polymeric SOI coatings for industrial use

RPM International, through brands like Tremco and Carboline, provides specialized SOI coatings tailored for construction and infrastructure. Their spray-on products deliver exceptional thermal performance in buildings and bridges, aiding in compliance with energy codes. The company’s focus on R&D ensures coatings that withstand weather extremes while promoting energy efficiency.

Sustainability Initiatives:

• Expansion of recyclable packaging for SOI products

• Initiatives to support LEED-certified projects with insulating solutions

Download FREE Sample Report: Spray-on Insulation (SOI) Coatings Market – View in Detailed Research Report

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6️⃣ 5. PPG Industries Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Acrylic and silicone SOI coatings, High-performance thermal sprays

PPG Industries is a global leader in paints and coatings, offering SOI solutions that integrate seamlessly into automotive and aerospace applications. Their coatings provide lightweight insulation that reduces heat loss, improving fuel efficiency and comfort. With advanced nanotechnology, PPG’s products offer superior adhesion and long-term durability in demanding conditions.

Sustainability Initiatives:

• Goal to achieve 100% renewable energy in production by 2040

• Development of coatings that enhance building energy ratings

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5️⃣ 6. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Epoxy-based SOI for construction, Multi-polymeric insulators

The Sherwin-Williams Company dominates the architectural coatings market, extending its expertise to SOI products for residential and commercial buildings. Their spray-on insulation helps maintain indoor temperatures, cutting heating and cooling costs. Known for user-friendly application, these coatings are popular among contractors for quick installation and reliable performance.

Sustainability Initiatives:

• Launch of zero-emission SOI lines using plant-derived materials

• Partnerships to promote energy-efficient retrofitting in urban areas

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4️⃣ 7. Kansai Paint Co. Ltd.

Headquarters: Amagasaki, Japan
Key Offering: Silicone and acrylic SOI coatings for automotive and petrochemical

Kansai Paint is a key player in Asia’s coatings sector, specializing in SOI solutions that protect pipelines and vehicles from thermal stress. Their high-tech sprays offer anti-corrosive properties combined with insulation, supporting industries focused on operational resilience. The company’s emphasis on precision formulation ensures consistent results across large-scale projects.

Sustainability Initiatives:

• Research into biodegradable components for SOI products

• Efforts to lower global supply chain emissions

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3️⃣ 8. Nippon Paint Co. Ltd.

Headquarters: Tokyo, Japan
Key Offering: Multi-polymeric and epoxy SOI for metals and construction

Nippon Paint leads in innovative coatings, with SOI products designed for metal substrates in industrial settings. Serving markets in Asia and beyond, their sprays provide effective barriers against heat conduction, enhancing safety in petrochemical facilities. Nippon’s commitment to quality has earned them trust in high-stakes applications where failure isn’t an option.

Sustainability Initiatives:

• Investment in circular economy practices for coating waste

• Collaborations for sustainable urban development projects

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2️⃣ 9. Belzona

Headquarters: Harrogate, United Kingdom
Key Offering: Specialized epoxy SOI coatings for repair and protection

Belzona focuses on polymer-based repair and maintenance solutions, including SOI coatings that restore thermal integrity to damaged equipment. Widely used in oil & gas and manufacturing, their products offer rapid curing and high adhesion, minimizing downtime. Belzona’s engineering approach ensures tailored solutions for unique insulation challenges.

Sustainability Initiatives:

• Promotion of durable coatings to extend asset life and reduce replacements

• Training programs for eco-conscious application techniques

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1️⃣ 10. Presserv Group

Headquarters: Houston, Texas, USA
Key Offering: Acrylic and silicone SOI for petrochemical and metals

Presserv Group specializes in industrial coatings, particularly SOI solutions for extreme environments like refineries and pipelines. Their spray-on products deliver unmatched thermal resistance and chemical protection, supporting global energy infrastructure. As a leader in customized formulations, Presserv helps clients achieve compliance with safety and efficiency regulations.

Sustainability Initiatives:

• Development of low-impact SOI to support net-zero goals in energy sectors

• Strategic alliances with industry bodies for greener standards

Get Full Report Here: Spray-on Insulation (SOI) Coatings Market – View in Detailed Research Report

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🌍 Outlook: The Future of Spray-on Insulation (SOI) Coatings Is Smarter and Greener

The spray-on insulation coatings market is experiencing significant evolution. Traditional applications continue to grow, but the sector is pouring resources into advanced, eco-friendly formulations, nanotechnology integrations, and expanded uses in emerging fields like electric vehicles and smart buildings.

📈 Key Trends Shaping the Market:

• Accelerated adoption of bio-based and low-VOC SOI in Europe and North America

• Regulatory mandates for energy-efficient materials in construction by 2030

• Integration of smart sensors in coatings for real-time thermal monitoring

• Growing partnerships between coating firms and sustainable tech developers

Get Full Report Here: Spray-on Insulation (SOI) Coatings Market – View in Detailed Research Report

The companies listed above are not only insulating critical infrastructure—they’re pioneering the sustainable evolution of thermal protection technologies.