Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings - Global Strategic Business Report

The global market for Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings was estimated at US$2.0 Billion in 2024 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 3.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market.

Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market - Key Trends & Drivers Summarized

Why Is Corrosion Under Insulation Emerging as a Silent Killer in Industrial Infrastructure?

Corrosion Under Insulation (CUI) has become a critical concern for industries relying on thermal insulation, particularly in sectors such as oil & gas, petrochemicals, power generation, and marine. CUI refers to the corrosion of carbon and low alloy steel under insulation due to the ingress of water. While insulation is essential for energy efficiency and personnel protection, it can ironically create a corrosive environment if moisture penetrates the protective layers. This stealthy deterioration often goes undetected until severe damage has occurred, leading to unplanned downtimes, safety hazards, and massive financial losses. As awareness increases, the demand for specialized coatings that prevent CUI has risen, with epoxy-based and hybrid coatings taking center stage. These coatings serve as a robust barrier between the substrate and the corrosive agents, effectively reducing the risk of degradation. Furthermore, stringent asset integrity standards enforced by regulatory bodies such as NACE International and ISO have compelled industries to proactively invest in CUI mitigation systems.

How Are Innovations in Spray-On Insulation Coatings Transforming Industrial Maintenance?

Spray-On Insulation (SOI) coatings have rapidly advanced from being niche solutions to becoming mainstream thermal management and corrosion prevention tools. Unlike traditional insulation systems involving multiple layers and mechanical fittings, SOI coatings offer a seamless, adhesive application that reduces installation time and thermal bridging. Recent developments in ceramic-filled and nanotechnology-enhanced spray coatings have not only improved thermal resistance but also added hydrophobic and UV-resistant properties, broadening their applicability across offshore platforms, pipelines, refineries, and chemical plants. The ease of application, reduced maintenance frequency, and dual functionality of thermal insulation and corrosion protection are driving interest in SOI. Market leaders are continuously enhancing product performance by focusing on fast curing times, low VOC content, and eco-friendly formulations, which align with broader sustainability goals across industrial sectors. In addition, SOI's compatibility with complex geometries and aging infrastructures gives it an edge over conventional wraps and claddings.

What Role Does Regulatory Pressure and Asset Integrity Play in Shaping Demand Patterns?

In recent years, the role of regulation has evolved from a compliance necessity to a core business imperative, significantly influencing the demand for advanced coating technologies. Governments across developed and developing economies are mandating regular inspection and maintenance of critical infrastructure, particularly in high-risk zones such as chemical storage units and offshore platforms. The increasing adoption of Risk-Based Inspection (RBI) methodologies, corrosion mapping tools, and digital twin technologies is driving demand for high-performance CUI and SOI coatings. Companies are under pressure not only to comply with these standards but also to extend asset life cycles and reduce environmental liabilities. Insurance companies are also scrutinizing the CUI mitigation strategies of asset owners, which has made investments in protective coatings a risk-mitigation strategy as much as an operational one. This trend has particularly been pronounced in Asia-Pacific, where rapid industrialization combined with tropical climates exacerbates CUI risks. Meanwhile, Europe and North America continue to push ahead with aging industrial bases that require retrofitting and re-coating solutions.

What's Fueling the Growth of the CUI and SOI Coatings Market?

The growth in the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market is driven by several factors rooted in technology evolution, end-user demands, and risk management priorities. The increasing complexity and aging of industrial infrastructure - especially in the energy, chemicals, and maritime sectors - necessitate reliable corrosion mitigation strategies, pushing the adoption of advanced coatings. Rising investments in brownfield and greenfield projects across Southeast Asia, the Middle East, and Latin America have also boosted demand. Technological advances in coating materials such as polysiloxane, fluoropolymer, and hybrid epoxy systems are further enhancing product lifecycle and application versatility. End-users are increasingly opting for solutions that provide a dual function - thermal insulation and corrosion resistance - especially for irregular surfaces and hard-to-reach areas. Growing awareness about lifecycle cost savings, along with a shift toward digital maintenance and asset monitoring, is encouraging proactive CUI prevention. Moreover, consumer behavior within industries has changed - from reactive maintenance to predictive asset management - making high-performance coatings a foundational element of industrial strategy.

Scope of Study:

The report analyzes the Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Epoxy Coating, Acrylic Coating, Silicone Coating, Multi-Polymeric Matrix Coating, Zinc Silicate Coating, Oxide Chemicals Coating, Titanium Modified Inorganic Copolymer Coating, Water-based Coating, Other Coatings); End-Use (Marine End-Use, Oil & Gas and Petrochemical End-Use, Energy & Power End-Use, Building & Construction End-Use, Food End-Use, Pharmaceuticals End-Use, Automotive End-Use, Other End-Uses)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Epoxy Coating segment, which is expected to reach US$714.6 Million by 2030 with a CAGR of a 4.3%. The Acrylic Coating segment is also set to grow at 2.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $550.4 Million in 2024, and China, forecasted to grow at an impressive 6.2% CAGR to reach $485.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Akzo Nobel N.V., Asian Paints Limited, Axalta Coating Systems Ltd., BASF SE, Beckers Group and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 44 companies featured in this Corrosion Under Insulation (CUI) and Spray-On Insulation (SOI) Coatings market report include:

• Akzo Nobel N.V.
• Asian Paints Limited
• Axalta Coating Systems Ltd.
• BASF SE
• Beckers Group
• Belzona International Ltd.
• Carboline Company
• Evonik Industries AG
• Hempel A/S
• Jotun A/S
• Kansai Paint Co., Ltd.
• KCC Corporation
• Mascoat
• Morgan Advanced Materials plc
• Nippon Paint Holdings Co., Ltd.
• PERMA-PIPE International Holdings, Inc.
• PPG Industries, Inc.
• RPM International Inc.
• Saint-Gobain S.A.
• The Sherwin-Williams Company

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.