ITW Performance Polymers

What ITW Performance Polymers does

ITW Performance Polymers is a division of Illinois Tool Works Inc. (NYSE: ITW), a Fortune 500 diversified industrial manufacturer. The division develops and sells polymer-based bonding, coating, grouting, potting, and repair solutions for industrial customers worldwide. Headquartered in Danvers, Massachusetts, with operations spanning North America and EMEA, the division employs 101-250 people and operates across six primary verticals: Transportation (automotive, bus, trucks, trailers, rail, specialty vehicles, EV), Marine (commercial and recreational), Mining/Oil & Gas, Wind Energy (offshore and onshore), Industrial OEM, and Industrial MRO.

The product portfolio comprises eight franchise brands built around proprietary polymer chemistry. Plexus is a range of structural methyl methacrylate (MMA) adhesives introduced in 1986 using Core Shell Technology and used to bond thermoplastics, metals, and composites. Devcon offers epoxy, urethane, and methacrylate compounds for metal, rubber, belt, corrosion, and floor repair, including wear-resistant coatings (e.g., Wear Guard 300RTC) and Plastic Steel Putty. Chockfast supplies epoxy grouting and chocking compounds for machinery alignment in chemical, petrochemical, mining, and construction settings. Insulcast supplies epoxies and silicones for potting and encapsulation of electrical components, including EV battery applications. Korrobond provides flexible epoxy backing compounds for crusher equipment in mining. Spraycore produces sprayable syntactic materials for boat building and composites. Epocast supplies marine chocking systems. Marine Tex offers marine repair epoxies.

Revenue is generated through one-time sales of physical products via a global network of authorized distributors, supported by direct customer service and technical service teams. No public pricing disclosure; customers are directed to find a distributor or contact customer service for quotes. The business operates multiple certifications relevant to its core markets: IATF 16949:2016 for automotive quality (specifically covering the Plexus acrylic adhesives line), ISO 9001:2015, ISO 14001:2015, and DS/ISO 45001:2018 for occupational health and safety at the Danish entity (ITW Performance Polymers ApS). Recent product launches in 2026 span mining crusher backing (Devcon Korrobond 65 Ultra), grouting (Chockfast Red Versaflow 1-Bag Kit), and transportation (Plexus thermomechanical polyurethane structural adhesives).

Name

ITW Performance Polymers

Legal name

ITW Performance Polymers (a division of Illinois Tool Works Inc.)

Website

https://itwperformancepolymers.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

101–250 employees

Short description

ITW Performance Polymers, a division of Illinois Tool Works Inc., manufactures and globally distributes polymer-based bonding, coating, grouting, potting, and repair solutions under brands including Plexus, Devcon, Chockfast, Insulcast, Korrobond, Spraycore, Epocast, and Marine Tex, serving transportation, marine, mining, oil and gas, wind energy, industrial OEM, and industrial MRO customers via an authorized distributor network.

Ownership category

akta.pro rank

Product category

Industrial Adhesives and Coatings

NAICS

Adhesive Manufacturing (32552), Paint and Coating Manufacturing (325510)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK)

Keywords

• Industrial adhesives
• Epoxy coatings
• Structural bonding
• Wear resistant compounds
• MMA adhesives

Headquarters

HQ city

Danvers

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Industrial Adhesives and Coatings: ITW Performance Polymers generates revenue through the sale of industrial strength adhesives, epoxy grouting compounds, wear resistant coatings, and related chemical compounds to industrial customers across multiple sectors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

ITW Performance Polymers manufactures and sells industrial-strength polymer-based adhesives, epoxy coatings, grouting compounds, wear-resistant coatings, potting/encapsulation compounds, and marine repair products. It markets these under brands such as Plexus, Devcon, Chockfast, Insulcast, Korrobond, Spraycore, Epocast, and Marine Tex. Customers are industrial users in transportation, marine, mining/oil & gas, wind energy, industrial OEM, and industrial MRO sectors, served primarily via an authorized distributor network.

Product overview

ITW Performance Polymers is a division of Illinois Tool Works Inc. that delivers industrial strength adhesives, epoxy coatings, wear-resistant compounds, grouting systems, and potting/encapsulation solutions under a portfolio of brands. The core product lines include Plexus (methyl methacrylate structural adhesives for transportation, marine, wind, and industrial OEM markets), Devcon (epoxy, urethane, and methacrylate compounds for industrial maintenance, repair, and wear protection), Chockfast (epoxy grouting and chocking compounds for machinery alignment), Insulcast (potting and encapsulation epoxies/silicones for electrical components), Korrobond (crusher backing compounds for mining), Spraycore (sprayable syntactic materials for marine and composites), and Epocast (marine chocking systems). These products serve industrial MRO, industrial OEM, marine, mining/oil/gas, transportation, and wind energy sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Chockfast: Epoxy grouting and chocking compounds designed for lasting alignment and support of machinery and equipment, used in chemical, petrochemical, mining, and industrial construction industries.
• Devcon
• Epocast
• Insulcast
• Korrobond
• Marine Tex
• Plexus
• Spraycore

Products and services

• Plexus Structural MMA Adhesives Structural methyl methacrylate (MMA) adhesives for bonding thermoplastics, metals, and composite parts in transportation, marine, wind, and industrial OEM markets; known for high toughness, durability, and ability to bond dissimilar materials.
• Devcon Epoxy, Urethane, and Methacrylate Repair Compounds Epoxy, urethane, and methacrylate compounds for industrial metal repair, rubber repair, belt repair, corrosion repair, floor repair, and wear protection across mining, petrochemical, cement, and pulp industries. Includes Plastic Steel Putty, DFense Blok, Wear Guard, and Brushable Ceramic product lines.
• Chockfast Epoxy Grouting Compounds Epoxy grouting and chocking compounds for lasting alignment and support of machinery and equipment in chemical, petrochemical, mining, and industrial construction applications. Used in space telescope installations and other critical alignment applications.
• Insulcast Potting and Encapsulation Compounds Epoxies and silicones used as potting and encapsulation compounds to protect electrical components from heat damage while providing industrial strength adhesion for EV battery and electronic applications.
• Korrobond Crusher Backing Compounds Two-part epoxy backing compound functioning as a tough but flexible layer to protect against impact and shock vibrations, commonly used as a reinforcing layer on crushing rock machinery in mining applications.
• Spraycore Sprayable Syntactic Materials Sprayable syntactic materials and specialty sprayable fillers and primers that are lighter and stronger than hand-applied materials, used in boat building and composite industries.
• Epocast Marine Chocking Compounds Chocking compound solutions for ships and other marine applications, ideal for retrofits or new builds, serving commercial marine industries.
• Marine Tex Marine Repair Epoxy Specialized marine repair epoxy formula for repairing holes and cracks in boats and marine equipment for recreational and commercial marine applications.

Quantifiable outcome

• Devcon R-Flex belt repair provides 3X durability vs competitive material
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators1 record

Recent moves5 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCgltYTBUPEyEUWiBi2CFUoA
• LinkedInlinkedin.com/company/itw-performance-polymers

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITW Performance Polymers