What Mokarrar Industrial Group does

Mokarrar Industrial Group (هلدینگ مواد مهندسی مکرر) is a privately held Iranian chemical and polymer holding company founded in 1994 and headquartered in Tehran, with primary manufacturing operations at an 11,000+ square meter complex in Lia Industrial Town, Qazvin Province. The group operates through ten wholly-owned subsidiaries spanning polyurethane systems, epoxy and acrylic resins, paint and alkyd resins, composite and geosynthetic products, engineering and trading services, industrial development, export/trade, reprocessing engineering, and petroleum products, alongside a corporate venture capital arm. Its technology base covers polyurethane foam formulations (including PIR-grade foam with fire resistance to 120°C), epoxy systems for wind turbine blades and electrical insulation, alkyd resins, geosynthetic products such as the ISOBENT geosynthetic clay liner (the first and only GCL producer in Iran), nanomaterials, and a broad portfolio of additives, pigments, and monomers for the paint, coating, and masterbatch industries.

The group's product portfolio exceeds 250 distinct chemical and polymer SKUs, supplied to more than 1,000 industrial units domestically and exported to over 17 countries through a dedicated International Trade subsidiary. Mokarrar operates a B2B enterprise field-sales motion combining direct technical consultation, bespoke product formulation, and EPC (Engineering, Procurement, Construction) project delivery for industrial flooring, protective coatings, and geosynthetic installation. Customer segments are diversified across oil/gas/petrochemical, construction and building, automotive, paint/resin/adhesive manufacturing, and environmental/civil engineering — with vertical industry segmentation as the dominant go-to-market approach. Pricing is opaque (quote-based on volume and formulation) and the group holds knowledge-based company (دانش‌بنیان) status, ISO 9001/45001/10002/10004 certifications, and exclusive Iranian distribution rights for global geosynthetic brands Solmax (Canada), Terram (UK), and CETCO (USA).

Revenue is generated through four streams: chemical and polymer product sales (one-off/B2B), EPC project services (professional services/contracting), international trade and raw material supply (transaction-based), and venture capital/licensing (royalty-based). The group has been recognized repeatedly as Top Exporter of Qazvin Province, ranked 177th in Iran's IMENA top companies in 1401 (2022–2023), and maintains an active content-marketing and trade-exhibition presence. Recent strategic activity (2023–2025) has focused on launching a green mini-refinery (Paak Petroleum Mokarrar), opening new manufacturing sites (Sites 5 and 7), establishing a Research and Innovation Center, and consolidating governance under a newly formed holding entity.

Name

Mokarrar Industrial Group

Legal name

هلدینگ مواد مهندسی مکرر (Mokarrar Engineering Materials Holding)

Website

https://mokarrargroup.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Mokarrar Industrial Group is a privately held Iranian chemical and polymer holding company that manufactures 250+ polyurethane, epoxy, alkyd resin, and geosynthetic products through ten subsidiaries, supplying 1,000+ industrial customers across oil/gas, construction, automotive, and environmental verticals in Iran and 17+ export markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Chemical and Polymer Product Sales: Manufacturing and sale of polyurethane, epoxy, alkyd resin, geosynthetic, and petrochemical products to over 1,000 industrial units domestically and via export to 17+ countries. Includes both standard product lines and custom-formulated solutions.
2. EPC Project Services: Engineering, Procurement, and Construction project execution for industrial floor coatings, protective coatings, and geosynthetic installation projects under a project-delivery model.
3. International Trade and Raw Material Supply: Import and export of chemical raw materials, petrochemical products, and specialized industrial goods. The foreign trade unit handles technology transfer and procurement of strategic goods for Iranian industries.
4. Venture Capital (Mokarrar Ventures): Corporate venture capital fund investing in startups and knowledge-based companies in advanced chemical materials and polymer technology sectors.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Mokarrar Industrial Group manufactures and supplies over 250 types of polymer and chemical products including polyurethane foams and systems, epoxy and acrylic resins, alkyd resins, geosynthetic waterproofing products (GCL, geomembrane, geotextile, geogrid), and paint industry raw materials. The group operates an EPC project execution model for industrial flooring, protective coatings, and geosynthetic installation projects, while exporting to 17+ countries and supplying more than 1,000 industrial units domestically.

Product overview

Mokarrar Industrial Group (هلدینگ مواد مهندسی مکرر) is a diversified Iranian chemical and polymer holding company with over 30 years of experience. The portfolio is organized across multiple subsidiaries producing polyurethane foams and systems, epoxy and acrylic resins with protective coatings, alkyd and specialty resins for paints and coatings, geosynthetic waterproofing products, and a broad range of raw materials including pigments, additives, monomers, solvents, and plastic masterbatch materials. The group also includes subsidiaries in petroleum products (Paak Petroleum), engineering services and trading, industrial development, international trade, and corporate venture capital. Key product lines include rigid and flexible polyurethane foams for construction, automotive, footwear, and refrigeration; epoxy flooring, protective coatings, adhesives, and electrical insulation systems; geosynthetic clay liners (ISOBENT brand), geomembranes, and geotextiles for environmental and civil engineering; and over 40 types of additives and raw materials for the paint, coating, adhesive, and printing industries. The company also operates a green mini-refinery for hydrocarbon production and a nano-based applied research unit. Total portfolio exceeds 250 different product types across 12 subsidiary companies.

Differentiator

Problem solved

Functional benefit

Brands

• ISOBENT: Geosynthetic Clay Liner (GCL) product brand produced by Mokarrar Composite Company, the first and only GCL producer in Iran and the second in the Middle East.

Products and services

• Polyurethane Foam Products
• Polyurethane Adhesives and Casting Resin
• Epoxy Resin Systems
• Epoxy Industrial Coatings, Flooring, and Adhesives
• Alkyd Resins
• ISOBENT Geosynthetic Clay Liner (GCL)
• Geosynthetic Drainage and Reinforcement Products
• Polyurethane Flooring Systems
• Paint and Coating Raw Materials
• Coating Additives and Specialty Chemicals
• Powder Coating Resin Systems
• White Insulation Roofing Products (عایق سفید)
• AWAM Personal Care and Hygiene Products
• Petrochemical and Hydrocarbon Products
• EPC Project Services
• International Trade and Raw Material Supply

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Amirkabir University of TechnologyminorStrategic or Co-development Partner · 1 January 1398Joint research projects with Amirkabir University of Technology (Iran University of Science and Technology) for specialized geosynthetic applications and product development.
• Solmax (Canada)coreTechnology or Integration · 1 January 1379Exclusive representation of Solmax geomembranes (compliant with GM13 standard), manufactured by ESG SOLMAX. Mokarrar Composite distributes Solmax products in Iran for geotechnical, environmental, and civil engineering applications.
• Terram (UK)coreTechnology or Integration · 1 January 1379Exclusive representation of Terram geotextiles, geogrids, geonets, and geocomposites from the UK. Terram products are used in civil engineering, environmental, and infrastructure projects.
• CETCO (USA)coreTechnology or Integration · 1 January 1379Exclusive representation of CETCO GCL products (Geosynthetic Clay Liner) in Iran. CETCO is a leading American manufacturer of geosynthetic materials.
• International Geosynthetics Society (IGS)coreStrategic or Co-development Partner · 1 January 1379Mokarrar Composite is an official member of IGS and the IGS Chapter of Iran. The company adheres to IGS global standards for geosynthetic products and participates in international geosynthetics research.
• SGS Switzerland (Quality Certification)coreTechnology or Integration · 1 January 1379Mokarrar Composite received ISO 9001:2015 certification from SGS Switzerland, one of the world's most respected inspection, verification, and testing companies.

Scale indicators6 records

Recent moves12 records

Expansion highlights6 records

Regional players

• Asian Paints: Leading emerging-market paints and coatings company producing decorative and industrial paints, resins, and adhesives across South Asia, Middle East, and Africa. Comparable to Mokarrar Paint & Resin subsidiary on alkyd resins and industrial coatings in emerging-market distribution.
• Golrang Industrial Group: Large Iranian diversified industrial conglomerate with chemicals, detergents, cosmetics, and packaging businesses. Most direct domestic peer in terms of being a diversified Iranian chemical holding serving FMCG and industrial end markets with similar B2B distribution.

Direct peers

• RPM International: US specialty coatings holding company with subsidiaries producing industrial coatings, sealants, flooring systems, and corrosion protection products. Compares to Mokarrar's diversified coating/resin subsidiaries and its EPC project execution model across multiple coating brands.
• Covestro: Polyurethane-focused specialty chemicals company producing rigid and flexible foams, coatings raw materials (HDI, polyether polyols), and adhesives precursors. Directly comparable to Mokarrar Polyurethane subsidiary across construction insulation, automotive foam, and refrigeration applications.
• Wanhua Chemical: Chinese polyurethane giant producing MDI, polyether polyols, ADI, and downstream foam systems for construction, automotive, and footwear. Comparable scale and product breadth in rigid PU foams and specialty isocyanates, which directly maps to Mokarrar's PIR and refrigeration foams.
• Huntsman Corporation: Specialty chemical manufacturer with MDI-based polyurethanes, epoxy resins, and advanced materials for automotive, construction, and coatings. Direct comparable on both the polyurethane and epoxy resin product lines that anchor Mokarrar's portfolio.
• Sika AG: Swiss specialty chemicals company focused on adhesives, sealants, coatings, and concrete admixtures for construction and industrial markets. Directly comparable to Mokarrar Epoxy & Acrylic and Paint & Resin subsidiaries on protective coatings, flooring systems, and structural adhesives.
• H.B. Fuller: Global adhesives and specialty chemical manufacturer serving construction, packaging, automotive, and industrial assembly. Comparable to Mokarrar's polyurethane and epoxy adhesive product lines (filter adhesives, sandwich panel adhesives, laminate adhesives).

Broad incumbents

• BASF: Global chemical major with overlapping polyurethane systems, epoxy resins, alkyd resins, and coatings raw materials serving construction, automotive, and industrial customers. Comparable as the broadest-scale diversified chemical manufacturer against Mokarrar's holding structure.

Others

• Solmax: Canadian manufacturer of geomembranes and geosynthetics for environmental containment, mining, and civil engineering. Comparable as a partner-level reference for Mokarrar's geosynthetics business; Mokarrar holds exclusive Iranian distribution rights to Solmax products.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mokarrarco
• LinkedInlinkedin.com/company/mokarrar
• Instagraminstagram.com/mokarrar_group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries10 records

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 Mokarrar Industrial Group