The global paint and coatings industry has an estimated production of 40 million tons. The industry consists of decorative coatings and industrial coatings. This article gives the top 10 paints & coating company in 2019 based on their annual revenue results in 2018.
2. PPG
Industries, Inc.: Revenue USD 15.4 billion
3. Akzo
Nobel N.V.: Revenue USD 10.6 billion
4. Nippon
Paint Holdings Co., Ltd.: Revenue USD 5.83 billion
5. RPM
International Inc.: Revenue USD 5.56 billion
6. Axalta
Coating Systems Ltd.: Revenue USD 4.7 billion
7. Kansai
Paint Co., Ltd.: Revenue USD 3.96 billion
8. BASF
SE: Revenue USD 3.49 billion
9. Masco
Corporation: Revenue USD 2.65 billion
10. Asian
Paints Limited: Revenue USD 2.36 billion
Sherwin-Williams
Company is an American Fortune 500 company, engages in the manufacture,
distribution, and sale of paints, coatings and related products. Company’s
fourth-quarter consolidated sales increased approximately 2% and full-year
sales increased $2.55 billion, or 17%, to a record $17.53 billion. Consumer
segment sales lagged expectations in the last quarter and non-domestic sales
also declined significantly compared to last year. One of the profitable
business units of the company, industrial wood finishing business in China
caught under the tariff wars and reported single-digit sale decline year over
year. General industrial and protective and marine coatings demand remained
solid in most geographic end markets. After the Valspar acquisition, Sherwin
Williams now controls the lion share in the paint and coating market. The
Valspar transaction was the largest acquisition of the company's history, for
which it has spent a whopping USD 9.3 billion.
USA
based PPG Industries, Inc. is a Fortune 500 company and global supplier of
paints, coatings, and specialty materials. The company reported 2018 net sales
from continuing operations were approximately $15.4 billion, up about 4
percent, versus the prior year. PPG's 4th quarter 2018 net sales of
approximately $3.6 billion, declined 1 percent compared to the prior year.
Performance Coatings segment fourth-quarter net sales were $2.1 billion, up $16
million, or nearly 1 percent, versus the prior year. Aerospace coatings net
sales volumes grew by over 10 percent as a result of strong industry demand and
continued strong customer demand in each major region for PPG’s technology
advantaged products. Industrial Coatings segment fourth-quarter net sales were
about $1.5 billion, down $53 million, around more than 3 percent, versus 2017.
AkzoNobel
is a prominent name in the paint industry. Company is an expert in the proud
craft of making paints and coatings, setting the standard in color and
protection since 1792. AkzoNobel's world-class portfolio of brands - including
Dulux, International, Sikkens, and Interpon - is trusted by customers around
the globe. 2018 was a landmark year for AkzoNobel as it has completed the sale
of the Specialty Chemicals business and began returning the vast majority of
proceeds to its shareholders. Company is now focusing on paints and coatings
segment and channeling all their experience, energy and passion into being
recognized as the reference in their industry. 2018 revenue is 4% lower,
although up 1% in constant currencies, with positive price/mix partly offset by
lower volumes.
Nippon
Paint Holdings Co., Ltd. is a Japanese paint and paint products manufacturing
company. The company was founded in 1881. The company and its subsidiaries have
offices in Japan, Singapore, Malaysia, South Korea, China, Hong Kong,
Indonesia, Philippines, Taiwan, Thailand, Vietnam, India, Sri Lanka, Pakistan,
United Kingdom, Germany, Greece, Norway, Netherlands, Lithuania, Poland,
Russia, Slovenia, Spain, Bulgaria, Estonia, Italy, United States, Brazil,
Australia, the United Arab Emirate and Bangladesh. The company had yen 627,670
million revenue in 2018 which is up 2.9% from the previous year.
RPM
International Inc. is an American multinational company along with their
subsidiaries manufacture, market and sell various specialty chemical product
lines, including high-quality specialty paints, infrastructure rehab and repair
products, protective coatings, roofing systems, sealants, and adhesives,
focusing on the maintenance and improvement needs of the industrial, specialty
and consumer markets. Company's business is divided into three reportable
segments: the industrial reportable segment (“industrial segment”), the
specialty reportable segment (“specialty segment”) and the consumer reportable
segment (“consumer segment”). Company's sales are generated in international
markets through a combination of exports to and direct sales in foreign
countries. For the fiscal year ended May 31, 2019, it recorded net sales of
$5.6 billion.
Axalta
is a global leader in the coatings industry, providing customers with
innovative, colorful, beautiful and sustainable coatings solutions. Company's
turnover in 2018 was $4.7 billion, compared to $4.3 billion in 2017. Axalta net
income improvement primarily driven by the absence of prior year impacts of
U.S. tax reform Performance Coatings segment's net sales were $757.5 million in
Q4 2018, an increase of 3.4% year-over-year including 3.0%. The Transportation
Coatings segment produced net sales of $400.6 million in Q4 2018, a decrease of
7.4% versus Q4 2017.
Kansai
Paint was established in 1918 in Osaka, Japan and is a leading manufacturer of
automotive, decorative, protective and industrial coatings and finishes.
Company has manufacturing facilities in Africa, America, Europe, the Middle
East, and East and South Asia. Kansai is well known for its innovation and
R&D capabilities. Company has witnessed an increase in net sales in all
segments. Kansai's revenue in FY 2018 was yen 427.4 billion.
Coating
division's sales of BASF was reported at €3,856 million in 2018. Despite
slightly higher volumes sales, particularly in Asia and North America, sales of
automotive OEM coatings declined due to negative currency effects in all
regions. Company has recorded sales growth in the automotive refinish coatings
business as negative currency effects were more than offset by higher sales
volumes in Asia, North America and Europe, and higher prices. In September
2018, BASF has opened a new laboratory for automotive OEM coatings in Münster,
Germany, with a focus on optimized, digital and transparent processes as well
as using resources efficiently.
Masco
is one of the largest suppliers of architectural paint and exterior wood care
products to the U.S. and Canadian do-it-yourself channels, the company offers a
complete line of products for virtually every consumer coating need. Decorative
Architectural Products’ net sales increased 30 percent; excluding the
acquisition of Kichler, net sales increased 8 percent due to growth in paints
and other coating products, partially due to sales pulled-forward from the
first quarter of 2019.
Asian
Paints Limited is an Indian multinational paint company headquartered in
Mumbai. The company is engaged in the business of manufacturing, selling and
distribution of paints, coatings, products related to home decor, bath fittings
and providing of related services. Asian Paints posted a net profit of
₹2,211.91 crores for 2018-19 as compared with ₹2,097.52 crores for 2017-18.
Company's revenue from the paints segment was ₹4,899.09 crores and ₹119.12
crores from the home improvements segment.