The Global Anti-Corrosion Coatings for Thermal Power Market was valued at USD 8.88 Billion in 2025 and is projected to reach USD 11.01 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2026–2034). This growth is being driven by the critical need to protect aging power plant infrastructure, stringent environmental and safety regulations, and the global shift towards more flexible plant operation, which increases thermal stress and corrosion rates.

As the energy sector prioritizes operational reliability, asset life extension, and environmental compliance, the focus intensifies on the specialized coating suppliers delivering innovative protection solutions. In this blog, we profile the Top 10 Companies in the Anti-Corrosion Coatings for Thermal Power Industry—a group of global chemical giants and specialized manufacturers defining the standards for durability and performance in one of the world’s most demanding industrial environments.

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🔟 1. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: High-performance epoxies, polyurethanes, zinc-rich primers, and specialized linings for FGD/SCR systems

PPG Industries is a dominant global force in protective coatings, with a comprehensive portfolio specifically engineered for the thermal power sector. Their products are designed to withstand extreme temperatures, chemical exposure, and abrasive conditions found in boilers, ductwork, and flue gas desulfurization units. PPG’s technical service teams work directly with power generators to develop customized coating specifications for new construction and maintenance projects.

Innovation & Sustainability Initiatives:

• Development of low-VOC and high-solids coatings to meet stringent environmental regulations

• Advanced glass-flake reinforced linings for severe corrosive service in FGD absorbers and stacks

• Global R&D focus on extending coating service life to reduce lifecycle costs and outage frequency

Download FREE Sample Report: Anti-Corrosion Coatings for Thermal Power Market – View in Detailed Research Report

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9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: International® and Interzone® brands, including epoxy, phenolic, and vinyl ester systems

AkzoNobel’s Protective Coatings division provides a wide array of solutions tailored for the energy market. Their products are renowned for protecting assets in corrosive environments, from coal-fired plant internals to offshore gas turbine platforms. The company’s extensive global presence ensures local technical support and supply chain reliability for major power projects and maintenance turnarounds worldwide.

Innovation & Sustainability Initiatives:

• Pioneering water-based and solvent-free technologies to minimize environmental impact

• Investment in digital tools for coating specification and asset management

• Commitment to science-based sustainability targets for carbon reduction

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8️⃣ 3. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Corothane®, Coroline®, and Macropoxy® systems for immersion, chemical resistance, and high-temperature service

Sherwin-Williams is a leader in corrosion protection technology, offering some of the most robust coating systems available for thermal power applications. Their products are specified for critical areas such as wastewater treatment systems, cooling water channels, and chimneys. The company’s acquisition of Valspar significantly expanded its global reach and product portfolio for the industrial sector.

Innovation & Sustainability Initiatives:

• Development of fast-cure coatings to reduce plant outage durations

• Expansion of high-temperature silicone and ceramic-based coating lines

• Focus on products that comply with the most stringent international VOC regulations

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7️⃣ 4. Jotun

Headquarters: Sandefjord, Norway
Key Offering: Jotamastic®, Hardtop®, and Baltoflake® range of heavy-duty protective coatings

Jotun has built a strong reputation in the power industry for its high-quality, durable coating systems. The company is particularly recognized for its expertise in protecting assets in coastal and marine environments, which is critical for power plants located near seawater for cooling. Jotun’s solutions are designed for long-term durability, helping to maximize the interval between costly maintenance shutdowns.

Innovation & Sustainability Initiatives:

• Leadership in glass-flake technology for extreme corrosion protection

• Comprehensive sustainability program focusing on green innovation and safe application

• Global network of technical consultants providing on-site support during application

Download FREE Sample Report: Anti-Corrosion Coatings for Thermal Power Market – View in Detailed Research Report

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6️⃣ 5. Hempel A/S

Headquarters: Copenhagen, Denmark
Key Offering: Hempadur®, Hempathane®, and Hempaline® coatings for structural steel, tanks, and concrete

Hempel is a leading worldwide supplier of protective coatings, with a significant footprint in the energy sector. Their products are engineered to protect against a wide spectrum of corrosive threats, including atmospheric corrosion, immersion, and chemical splash. Hempel’s focus on R&D has led to the development of coatings that offer extended durability, even in the aggressive micro-climates created by emissions control equipment.

Innovation & Sustainability Initiatives:

• Launch of next-generation, high-solids epoxy coatings with improved application properties

• Dedicated sustainability framework aiming to double Hempel’s sustainability revenue by 2025

• Strategic partnerships with key EPC contractors and asset owners in the power industry

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5️⃣ 6. RPM International Inc. (Carboline)

Headquarters: St. Louis, Missouri, USA
Key Offering: Carboline® brand phenolic epoxy, novolac epoxy, and thermally conductive coatings

Through its subsidiary Carboline, RPM International provides high-performance coating systems specifically formulated for severe service conditions in power generation. Carboline is renowned for its expertise in high-temperature and chemical-resistant linings, making it a preferred supplier for FGD systems, ductwork, and boiler settings where resistance to sulfuric acid condensation is paramount.

Innovation & Sustainability Initiatives:

• Expertise in thermal spray aluminum (TSA) and other metallurgical coating solutions

• Development of surface-tolerant epoxies for challenging substrate conditions

• Global technical service network supporting complex coating applications

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4️⃣ 7. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: NPA Polyuron®, flame-retardant intumescent coatings, and zinc-rich primers

Nippon Paint is a major global player with a strong presence in the Asian thermal power market, which is the largest in the world. The company offers a wide range of protective coatings that meet the demanding specifications of Japanese and international power companies. Their products are known for high quality and consistency, backed by extensive testing for performance in specific corrosive environments.

Innovation & Sustainability Initiatives:

• Significant investment in R&D for environmentally friendly coating technologies

• Expansion of production capacity in Asia to serve the region’s growing energy sector

• Development of integrated solutions combining corrosion and fire protection

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3️⃣ 8. Kansai Paint Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Almatex®, KEP Coatings, and specialized anti-corrosive primers

Kansai Paint is another Japanese leader with a formidable reputation in industrial coatings. The company’s products are used extensively in thermal power plants across Asia and the Middle East. Kansai’s strength lies in its ability to formulate coatings that perform reliably in high-humidity and high-salinity environments, which are common challenges for coastal power stations.

Innovation & Sustainability Initiatives:

• Focus on developing products with longer lifecycle and reduced maintenance needs

• Active participation in setting industry standards for coating performance

• Commitment to reducing the environmental footprint of its manufacturing and products

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2️⃣ 9. BASF Coatings GmbH

Headquarters: Münster, Germany
Key Offering: Relius® protective coatings, including epoxy, PU, and zinc silicate systems

BASF’s coatings division, operating under the Relius brand in Europe, provides advanced solutions for infrastructure protection. Leveraging BASF’s vast chemical expertise, the company develops innovative binder technologies and pigments that enhance the protective properties of its coatings. Their systems are widely used in European power plants, which face strict environmental operating regulations.

Innovation & Sustainability Initiatives:

• Utilization of BASF’s polymer chemistry expertise to create novel resin systems

• Development of coatings that contribute to overall plant efficiency (e.g., thermal management)

• Integration of sustainability criteria into product development processes

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1️⃣ 10. Chugoku Marine Paints, Ltd.

Headquarters: Osaka, Japan
Key Offering: Seaflon®, Zinc Rich Primers, and Chemflake® glass-flake linings

Chugoku Marine Paints (CMP) has successfully translated its marine coating expertise to the thermal power sector, particularly for protecting assets against water immersion and salt spray corrosion. Their glass-flake reinforced coatings are highly effective in FGD scrubbers, effluent treatment plants, and circulating water systems. CMP has a strong market position in Asia and is expanding its global presence.

Innovation & Sustainability Initiatives:

• Specialization in tank linings and immersion service coatings derived from marine industry leadership

• Ongoing development of low-VOC and high-solids versions of flagship products

• Strategic focus on the specific corrosion challenges of biomass and waste-to-energy plants

Get Full Report Here: Anti-Corrosion Coatings for Thermal Power Market – View in Detailed Research Report

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🌍 Outlook: The Future of Anti-Corrosion Coatings Is Smarter and More Sustainable

The anti-corrosion coatings market for thermal power is undergoing a significant evolution. While high-performance epoxy and polyurethane systems remain the workhorses, the industry is increasingly adopting smarter, more efficient, and environmentally compliant technologies to meet the dual challenges of asset protection and sustainability.

📈 Key Trends Shaping the Market:

• Accelerated adoption of high-solids, water-borne, and solvent-free formulations to comply with VOC regulations

• Rising demand for heavy-duty linings (e.g., glass-flake, novolac epoxy) for emissions control system protection

• Integration of digital tools for coating specification, inspection, and lifecycle management

• Increased focus on coatings that enable flexible plant operation and rapid cycling

Get Full Report Here: Anti-Corrosion Coatings for Thermal Power Market – View in Detailed Research Report

The companies listed above are not only protecting critical energy infrastructure—they are enabling the safe, reliable, and efficient operation of the thermal power plants that form the backbone of the global electricity supply.