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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 73 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.
After a busy acquisition period in 2022, 2023 was relatively quiet. In 2022, due to acquisitions, we removed five companies from the list. This year there was only one notable acquisition. Sherwin-Williams acquired Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings. The business has annual sales of more than €150 million, with sales and operations globally, including production facilities in Italy and Poland. ICA has approximately 600 employees and will become part of the Sherwin-Williams Performance Coatings Group.
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 2022 and would like to be included in our Top Companies Report, contact me and I will add your company to the online version.
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