Table of Contents Coatings and Composites Segment Epoxy Specialty Resins 2020 Net Sales: $1,322 We are a leading producer of epoxy specialty resins, modifiers and curing agents in Europe and the United States with a global reach to our end markets, which include other regions such as China and Latin America. Epoxy resins are the fundamental component of many types of materials and are often used in the automotive, construction, wind energy, aerospace and electronics industries due to their superior adhesion, strength and durability. We internally consume approximately 30% of our liquid epoxy resin (“LER”) production in specialty composite, coating and adhesive applications, which ensures a consistent supply of our required intermediate materials. Our position in basic epoxy resins, along with our technology and service expertise, has enabled us to offer formulated specialty products in certain markets. In composites, our specialty epoxy products are used either as replacements for traditional materials such as metal, wood and ceramics, or in applications where traditional materials do not meet demanding engineering specifications. We are a leading producer of resins that are used in fiber reinforced composites. Composites are a fast growing class of materials that are used in a wide variety of applications ranging from aircraft components and wind turbine blades to sports equipment, and increasingly in automotive and transportation. We supply epoxy resin systems to composite fabricators in the wind energy, automotive and pipe markets. Epoxy specialty resins are also used for a variety of high-end coating applications that require the superior adhesion, corrosion resistance and durability of epoxy, such as protective coatings for industrial flooring, pipe, marine and construction applications and automotive coatings. Epoxy-based surface coatings are among the most widely used industrial coatings due to their long service life and broad application functionality combined with overall economic efficiency. We also leverage our resin and additives position to supply custom resins to specialty coatings formulators. Principal Competitors :  Olin, Aditya Birla (Thai Epoxy), Huntsman, Swancor, Bohui, Techstorm and Kangda Hexion Inc. |  9  | 2020 Form 10-K Products Key Applications Key End Markets Protective Coatings and Adhesive Applications: Civil Engineering Building and bridge construction, concrete enhancement and corrosion protection Architectural Coatings Waterbourne Coatings Wind Energy Automotive Aerospace Adhesives Automotive : hem flange adhesives and panel reinforcements Construction : ceramic tiles, chemical dowels and marble Aerospace : metal and composite laminates Electronics : chip adhesives and solder masks Electrical Applications: Electronic Resins Unclad sheets, paper impregnation and electrical laminates for printed circuit boards Architectural Coatings Automotive Construction Electrical Castings Generators and bushings, transformers, medium and high-voltage switch gear components, post insulators, capacitors and automotive ignition coils Products Key Applications Key End Markets Composites: Composite Epoxy Resins Pipes and tanks, automotive, sports (ski, snowboard, golf), boats, construction, aerospace, wind energy and industrial applications Wind Energy Automotive Aerospace Principal Competitors :  Olin, Nan Ya, Huntsman, Spolchemie, Leuna Harze and Aditya Birla (Thai Epoxy)