Top 10 Paint Companies in The World
As the world evolves and develops, new infrastructure and construction are required to match the world's needs and the increasing population's wants.
Paint and coating protect the building from the outside and inside, whereas decorative paints increase its beauty. Paint manufacturing companies also produce various chemicals like varnishes, coatings, adhesives, waterproofing solutions, etc. All these developmental and construction activities have resulted in a boom in the paint industry. The market for the global paint industry is rapidly growing in developing countries, especially in India and China. The market is growing in these countries since construction is fast-paced in these nations. Due to the covid-19 pandemic, the international paint industry has faced a slowdown, but things are coming back on track with time, and the industries are again doing great. The same is with the paint industry. In every industry, some key players play an important role. In this article, we will be talking about the top paint companies globally.
1. The Sherwin Williams Co
Sherwin Williams Co is first on the list of the world's top ten paint manufacturers. It was established in 1866 by 3 friends named Sherwin, Williams, and Co in Ohio. Its first factory was established in 1873 by acquiring a cooperage from Standard Oil. It is the biggest paint manufacturing company in terms of revenue which amounts to over 18 billion dollars. The Sherwin Williams Co has always been ahead in research in the paint industry. In 1875 it started the distribution of ready-mixed paint, whereas, in 1940, it introduced fast-drying water-based paint.
The Sherwin Williams Co is connected with various renowned brands, including Anthony Angelillo, Duron, Geocel, Minwax, Uniflex, etc. It manufactures interior and exterior wall paints, primers, topcoats, Aerosoles, floor coatings, and equipment. Moreover, in 2016 the company registered the first microbicidal paint in the world. Sherwin Williams is also one of the major industrial paint suppliers, and they cater to the-point needs of various industrial sectors like aerospace, automotive, protective, marine, etc.
PPG is a world-class manufacturer and supplier of paints and coatings. The company comes at second place in the top ten paint manufacturers list globally. PPG industry was established in 1883 in Pennsylvania, the USA, by John Baptist Ford and John Pitcairn. PPG initially started its business as a glass manufacturing company. It was America's first successful flat glass manufacturer. It was also the world's first company to use natural gas for its finances. In the mid-1900s, PPG started manufacturing industrial paint coatings. Down the timeline, PPG industries acquired various paint companies, which helped PPG grow and expand their businesses. Today, PPG is a global leader in the paint industry and generates a revenue of around 13 billion dollars. PPG also attempted to acquire another paint giant Akzo Noble in 2017 but failed to do so.
AkzoNobel comes at 3rd position in the list of top ten paint companies in the world. It is a paint giant that manufactures and supplies high-quality industrial and domestic paints and chemicals. Akzo was established in 1969 by a merger of 2 companies, and in 1994 with the merger of the noble industry, it got the present-day form of AkzoNobel.
Akzo Nobel's business is very diversified in pharmacy, armor, and paints. The company has 20 business entities under its umbrella. Furthermore, the company generates revenue of around 8.53 billion dollars. The main revenue comes from Europe, Asia, the Middle East, and Africa. AkzoNobel's product line-up includes marine coatings, protective coatings, vehicle coatings, functional chemical, decorative and industrial paint, etc. Moreover, it sells its products under the brand names like Dulux, Herbol, Levis, Flora, etc.
4. Nippon paints holding co
Nippon Paint stands at 4th place globally in the top ten paint manufacturers list. It was founded in 1881 with the name of komyosha, and in 1927 it got its present name, i.e., Nippon paints. This Japanese paint manufacturing company has a presence in over 30 countries and generates a revenue of around 5.83 billion dollars.
Nippon paints has a wide range of products, including paints for homes, architectural structures, automotive coatings, industrial coatings, and marine coatings. The brand is known for its innovations in the paint industry. One of its key innovations is anti-fouling paint for marine coatings. With the passage of time, Nippon has also acquired some top companies like Dunn Edward corporation and Dulux group limited.
5. RPM International Inc
RPM International Inc is next on the list of top ten paint manufacturers in the world. This multinational paint company was established in 1947 in the United States of America by Mr. Frank Sullivan. RPM is one of the prime manufacturers and suppliers of coatings, sealants, and building materials. RPM international markets its products under the brand names of Tremco, Carboline, Universal sealant, etc. Its products are sold in around 170 countries, and it has 124 manufacturing units across the world.
RPM international generates revenue of around 5.5 billion dollars from its operations. Moreover, the company has divided its operations into 4 segments. Each segment caters to the needs of a particular sector of customers. The 4 products segments are - the construction products group, performance coating group, consumer group, and specialty product group.
6. Kansai Paints
Kansai Paint stands in sixth place globally in the top ten paint manufacturers list. It was established in the year 1918 in Japan. The company is leading in the field of paint manufacturing and supply. Today Kansai paints have a reach in over 43 countries around the world. Kansai paints provide every kind of coatings like automotive coatings, industrial coatings, common decorative paints, etc. Kansai paints generate a revenue of around 3.8 billion dollars. Moreover, they have a successful track record in many countries. In India also, its brand Nerolac is very popular among the masses.
Axalta was established in the year 1866. Its primary function is to manufacture and sell automobile and industrial paints. It generates revenue of around 3.7 billion dollars. Axalta is in seventh place in the list of top ten paint manufacturers in the world. The company has a long history of mergers and acquisitions; it got its final name and form in the year 2013 when it got purchased by the Carlyle group.
Moreover, Axalta sells its products under various brand names such as Standox, Cromax, Nap guard, etc. It provides its customers with both liquid coatings and powder coatings.
8. BASF coatings
BASF coating stands at eighth place among the other top ten paint manufacturers. This paint company was established in 1965 and is the coating division of the chemical corporate BASF.
BASF has a long history in the field of chemical business, dating as far back as 1888. Its first manufacturing unit was established in 1965. It is a highly innovative paint company with research and development centers in 27 countries. The company also believes in gender equality, so 40% of the working force in BASF coatings are women. In 2020, the company created a new waterborne coating for the automobile. The main products offered by BASF coating are the paints used in the automobile and industrial sector. The company also provides surface treatment chemicals and decorative paints. BASF generates revenue of about 3.6 billion dollars.
9. Asian paints limited
Asian paints limited is the next on the list of top paints companies in the world. Asian Paint is an Indian paint manufacturing company that was established in the year 1942 by 4 friends. Today, Asian paints has manufacturing units in 15 countries across the world. It generates revenue of around 2.7 billion dollars. The main products of Asian paints include decorative paints, home décor products, sanitary fittings. It is the largest paint manufacturing company in India.
10. Jotun paints
Last on the list of top ten paint manufacturers in the world is Jotun. It was established in the year 1926 in Norway. Jotun is the largest paint manufacturing company in Norway and generates revenue of around 2.3 billion dollars.
It has a presence in over 100 countries worldwide and has manufacturing units in 21 countries. The product line-up of Jotun includes interior and exterior wall paints, marine coatings, powder coating, protective coatings, etc. Moreover, the company products have been used at some of the most famous places like the Eiffel Tower, Burj Khalifa, Canton tower, etc.