Coatings World is proud to bring the industry our annual Top Companies Report – the only truly global ranking of the top manufacturers of paint and coatings. Our editorial staff has worked diligently researching and interviewing companies to provide you with the most accurate ranking of paint and coatings manufacturers operating in the global industry.
Rankings are based on annual sales in U.S. dollars. For companies based outside the U.S., sales are translated into U.S. dollars using exchange rates from the company’s fiscal closing date. For privately held companies who choose not to disclose sales figures, our staff interviews different industry sources coupled with our own research to come up with an accurate estimate of annual sales. We profiled 77 companies in this report. All have sales of $100 million or more annually. Companies marked with an asterisk in the ranking on the following page represent Coatings World estimate.
There were several notable changes to this year’s report. This year Sherwin-Williams replaced PPG as the number one paint company in the world with $18.4 billion in coatings sales. We removed four companies from the report. After nearly 80 years of operation, Kelly-Moore Paint Company ceased operations in January of this year; WEILBURGER Coatings, the industrial coatings business of GREBE Holding was acquired by Kansai Helios; Tenaris has completed its acquisition of Shawcor, Mattr’s pipe coating business unit for $182.6 million; and Tohpe was removed for having less than $100 million in revenue.
This was a record-setting year in terms of additions to the report. The seven companies we added were from Europe, Latin America and India: Gemini Coatings (76), Grupo Solids (77), Hentzen Coatings (75), Indigo Paints (70), JSW Paints (61), Måder (56) and Sur Quimica (52).
The Top Companies Report is intended to provide our readers with a snapshot of the industry’s most influential players. We hope you will come away with a clearer insight into the future of this truly global and always evolving industry. If you are a paint and coatings manufacturer with sales of $100 million or more for fiscal 2023 and would like to be included in our Top Companies Report, contact me and I will add your company to the online version.
– Kerry Pianoforte, Editor
First Timers
Gemini Coatings, Grupo Solids, Hentzen Coatings, Indigo Paints, JSW Paints, Måder, Sur Quimica
Take Out Companies
Kelly Moore, Grebe, Shawcor and Tohpe
2024 Top 20
• 1 Sherwin-Williams
• 2 PPG
• 3 AkzoNobel
• 4 Nippon Paint
• 5 RPM
• 6 Axalta
• 7 BASF
• 8 Asian Paints
• 9 Kansai Paint
• 10 Masco
• 11 Jotun
• 12 Hempel
• 13 Benjamin Moore
• 14 SKSHU Paints
• 15 Berger Paints
• 16 DAW
• 17 KCC Corp.
• 18 ICP Group
• 19 Chugoku Marine Paints
• 20 Maydos
2024 Top Companies
01. Sherwin-Williams* 18,400,000,000
02. PPG 18,200,000,000
03. AkzoNobel 11,610,000,000
04. Nippon Paint 10,200,000,000
05. RPM 7,300,000,000
06. Axalta 5,200,000,000
07. BASF 4,700,000,000
08. Asian Paints 4,160,000,000
09. Kansai Paint 3,490,000,000
10. Masco 3,125,000,000
11. Jotun 2,990,000,000
12. Hempel 2,556,000,000
13. Benjamin Moore* 1,750,000,000
14. SKSHU Paints 1,715,000,000
15. Berger Paints 1,590,000,000
16. DAW* 1,330,000,000
17. KCC Corp. 1,275,000,000
18. ICP Group* 900,000,000
19. Chugoku Marine Paints 826,000,000
20. Maydos 669,410,000
21. SK Kaken 666,000,000
22. Beckers Group 663,000,000
23. TOA Paint * 630,000,000
24. Brillux* 599,000,000
25. Xiangjiang Paint Group 588,400,000
26. Carpoly* 573,000,000
27. Noroo Paint 530,000,000
28. Mankiewicz 517,500,000
29. National Paint Factories 517,000,000
30. Lanco Paints and Coatings (Blanco Group) 500,000,000
31. Samhwa 492,000,000
32. AvIan 461,000,000
33. CIN 437,000,000
34. Nihon Toksuhu 400,000,000
35. Cloverdale Paint 365,500,000
36. Teknos Group 355,000,000
37. Musashi Paint* 350,000,000
38. Fujikura Kasei 346,000,000
39. Tiger Coatings 321,000,000
40. Flugger Group 320,000,000
41. Bardese 318,000,000
42. RAR Holdings 309,500,000
43. Meffert* 300,000,000
44. Pacific Paint Boysen* 290,000,000
45. Briolf Group 269,500,000
46. WEG 265,000,000
47. Daoqum 262,000,000
48. MIPA* 260,000,000
49. Dai Nippon Toryo 255,500,000
50. Diamond Vogel 250,000,000
51. Kapci Coatings* 249,000,000
52. Sur Quimica* 244,000,000
53. Kangnam Jevisco 231,000,000
54. Remmers* 225,000,000
55. Sniezka 215,000,000
56. Mader 210,000,000
57. Bauhinia 203,000,000
58. Tambour* 200,000,000
59. Rock Paint 195,000,000
60. Yasar* 194,500,000
61. JSW Paints 194,000,000
62. Dold Gruppe 190,000,000
63. Taiho Paint 189,000,000
64. Adler-Werk Lackfabric 178,000,000
65. Berlac Group* 160,000,000
66. Frei Lacke* 150,000,000
67. Kikusui Chemical 148,000,000
68. Russian Coatings 139,000,000
69. Tnemec* 130,000,000
70. Indigo Paints 129,000,000
71. Natoco 125,500,000
72. Shinto Paint 125,000,000
73. Kayalar Kimya* 120,000,000
74. Asahipen 107,000,000
75. Hentzen Coatings* 106,000,000
76. Gemini Coatings* 105,000,000
77. Grupo Solid 103,000,000
