WPCIA Washington January 6, 2020

　　In 2019,the global paints and coatings market sales volume is $172.8 billion, which is mainly due to the escalating construction expenditure, growing automotive industry, increasing urban population, rising household consumption expenditure and improving economic conditions. Asia Pacific dominates the world Paints and Coatings market with a 57% market share owing to large manufacturers establishing their facilities in this region and rising demand from construction and automotive industries. Meanwhile, the market share in Europe and the North America (NA) fell to 36%.

　　The paints and coatings industry comprises of three sectors: architectural, industrial and special purpose sector. The architectural coatings sector depends heavily on the construction and manufacturing sector, whereas industrial coatings are connected closely to the automotive, major appliances and industrial equipment sectors. The special-purpose includes a wide collection of divergent coatings.

　　Architectural coatings continued to perform strongly, accounting for 53% of the global market, the major factor driving the market growth is the introduction of various innovative manufacturing processes and technologies such as low-VOC content coats and Nanocoatings significantly facilitated to cater to numerous new and diverse consumer demands. Also, large-scale investment in the construction of projects such as hotels, apartments, offices, retail centers, and civic infrastructures are expected to boost the Paints and Coatings market in the upcoming year. Furthermore, the growing application of paints and coatings to protect machines and equipment from rusting and corrosion in industries, lead to the industrial coatings in the global paints and coatings market share increased to 29%.

　　Water-based will lead the segment due to its applications in the architectural coatings sector which have less flammability, low VOC emissions, and stable viscosity during printing. For this reason, the leading enterprises in the global paints and coatings market, such as Sherwin-Williams, PPG Industries, NIPPON Paints, Asian Paints, Diamond Vogel and Akzo Nobel, have increased their production and research and development of Water-based.

　　WORLD'S TOP TEN PAINT COMPANIES in 2019:

　　1. SHERWIN-WILLIAMS (U.S.) www.sherwin-williams.com $17.95 billion

　　2. PPG Industries (U.S.) www.ppg.com $15.82 billion

　　3. AKZONOBEL (N.L.) www.akzonobel.com $10.52 billion

　　4. NIPPON Paints (J.P.) www.nipponpaint.co.jp $5.944 billion

　　5. RPM Inc (U.S.) www.rpminc.com $5.564 billion

　　6. DIAMOND Paints (U.S.) www.diamondpaint.us $4.588 billion

　　7. AXALTA (U.S.) www.axaltacs.com $ 4.303 billion

　　8. BASF (D.E.) www.basf.com $4.022 billion

　　9. KANSAI Paint(J.P.) www.kansai.co.jp $3.855 billion

　　10. Asian Paints(IN) www.asianpaints.com $2.624 billion

1. SHERWIN-WILLIAMS

Company Profile:

　　The Sherwin-Williams Company was founded by Henry Sherwin and Edward Williams in 1866.Today,we are a global leader in the manufacture,development,distribution and sale of paint,coatings and related products to professional,industrial,commercial and retail customers.The Company manufactures products under well-known brands such as Sherwin-Williams,Valspar,Dutch Boy,Krylon,Minwax,Cabot,Thompson's Water Seal and many more.With global headquarters in Cleveland,Ohio,Sherwin-Williams branded products are sold exclusively through more than 5,100 company-operated stores and facilities,while the Company's other brands are sold through leading mass merchandisers,home centers,independent paint dealers,hardware stores,automotive retailers and industrial distributors.

　　United States, Cleveland, Ohio

　　Tel: +216-566-2000

　　Fax: +216-566-3310

　　Website: www.sherwin-williams.com

　　Main sale data in 2019:

　　Coatings sales: $17.95billion

　　Number of employees: 60,000

　　Geographic Sales: Europe 21%, Americas 33%,Asia Pacific 43%,in other regions 3%

Board Members:

　　John G. Morikis: President and Chief Executive Officer

　　David B. Sewell:President and Chief Operating Officer

　　Allen J.Mistysyn:Senior Vice President - Finance and Chief Financial Officer

　　Jane M. Cronin: Senior Vice President - Corporate Controller

　　Mary L. Garceau:Senior Vice President, General Counsel and Secretary

Summary:

　　July 17,2019 – 10 California cities and counties, The Sherwin-Williams Company and two other companies have mutually agreed to resolve litigation, subject to approval of the Court. This litigation, which started nearly 20 years ago, challenged the companies’ legal advertising of lead-based paints over a century ago when lead-based paints were the “gold standard” and specified for use by the federal government, as well as state and local governments across the country.

　　Sep 12, 2019 – The Sherwin-Williams Company today announced it has initiated a process to explore options for a new R&D facility and a new global headquarters. This action comes as a result of the company’s ongoing review of its facilities requirements as it seeks to best meet the current and future needs of its customers and employees.

　　Oct 28, 2019 – The Sherwin-Williams Company announces with deep sadness the loss of John G. (“Jack”) Breen, former Chairman and Chief Executive Officer of Sherwin-Williams. Mr. Breen passed away today at the age of 85.

2. PPG

Company Profile:

　　PPG founded in 1883 as Pittsburgh Plate Glass by Captain John B. Ford and John Pitcairn in Pittsburgh, Pennsylvania. Today, PPG is a global supplier of paints, coatings, optical products, specialty materials, glass and fiber glass.Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company.

　　United States, Pittsburgh, Pennsylvania 15272

　　Phone: +1-412-434-3131

　　Fax: +1-412-434-2125

　　Website: www.ppg.com

　　Main sale data in 2019:

　　Coatings sales: $ 15.82 billion

　　Number of employees: 47,000

　　Geographic Sales: Europe、Middle East、Africa 31%，United States and Canada 42%，Asia Pacific 17%，Latin America 10%

Board Members:

　　Michael H. McGarry：Chairman and Chief Executive Officer

　　Anne M. Foulkes:Senior Vice President and General Counsel

　　Vincent J. Morales:Senior Vice President and Chief Financial Officer

　　David S. Bem：Vice President, Science and Technology and Chief Technology Officer

　　Timothy M. Knavish:Executive Vice President

Summary:

　　Jan 7,2019 - PPG today announced that it has reached a definitive agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions.

　　Feb 19,2019 - PPG today announced a $10 million investment in a new 82,000-square-foot facility and class A paint line at its Greenville, South Carolina, coatings services facility.

　　Mar 28,2019 - PPG today announced the creation of an automotive original equipment manufacturer (OEM) services organization that will aggressively support the success of vehicle manufacturers worldwide through an enhanced and expanded portfolio of technologies, technical services and related capabilities. The new organization will serve as a single technical service touchpoint spanning PPG’s complete product offering for automotive and commercial vehicle OEMs.

　　Apr 17,2019 -PPGtoday announced that it has completed its acquisition of automotive coatings manufacturer Hemmelrath.

　　Aug 8,2019 - PPG today announced a $15 million investment in a new 38,750-square-foot (3,600-square-meter) application support center (ASC) at the Seletar Aerospace Park near the Seletar Airport in Singapore. The project is the company’s largest investment to date in Southeast Asia.

　　Dec 16,2019 - PPG today marked the completion of a $15.5 million investment at its aerospace research and technology (R&T) center in Burbank, California.

3. AKZONOBEL

Company Profile:

　　AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we operate in over 150 countries and employ around 34,500 talented people who are passionate about delivering the high performance products and services our customers expect..

　　Amsterdam, the Netherlands,

　　PO Box:75730

　　Tel: +31-88-969-7555

　　Fax: +31-20-502-7666

　　Website: www.akzonobel.com

　　Main sale data in 2019:

　　Coatings sales: $ 10.52billion

　　Number of employees: 34,500

　　Sales amount distributing in different region: Europe 43%，Americas 21%，Asia Pacific 31%，in other regions 5%

Board Members:

　　Thierry Vanlancker：Chief Executive Officer

　　Maarten Vries：Chief Financial Officer and Member of the Board of Management

　　Ruud Joosten：Chief Operating Officer, Paints & Coatings and Member of the Executive Committee

　　Marten Booisma：Responsible for Human Resources and Member of the Executive Committee

　　Isabelle Deschamps：General Counsel and Member of the Executive Committee

Summary:

　　Jan 27, 2019 - A fully interactive experience awaits consumers at the new Dulux concept store in Shanghai, where AkzoNobel is using digital technology and personalized services to make painting less complicated and more fun. The first of its kind in China, the store showcases Dulux’s color expertise and sustainable product features.

　　Feb 13, 2019 - AkzoNobel intends to repurchase common shares up to a value of €2.5 billion as part of a total €6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business.

　　Jul 9, 2019 - AkzoNobel has announced plans to add three new production lines at its Changzhou powder coatings plant in China – the company’s largest facility of its kind in the world.

　　Jul 18, 2019 - AkzoNobel has announced its intention to acquire French aerospace coatings manufacturer Mapaero. The intended acquisition will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance.

　　Nov 18, 2019 - A milestone groundbreaking ceremony has taken place at AkzoNobel’s North American Wood Coatings facility in High Point, North Carolina, to officially kickstart a €50 million investment, which will transform the site’s manufacturing capability.

　　Dec 12, 2019 - AkzoNobel has entered into an agreement to acquire 100% of the shares of Mauvilac Industries Limited, a leading paints and coatings company in Mauritius.

4. NIPPON Paints

Company Profile:

　　Nippon Paints was established in Tokyo by Mr. Moteki Jujiro in 1881 and is now the largest paint manufacturer in Asia. We pioneered the first paint plant in Japan and have grown as the world's leading international paint manufacturer. We believe that our customers are the reason for our success over the last century. Capturing "Innovation, Service, Leadership" as the three key principles, Nippon Paint visualizes a rewarding future by harmonizing people, nature and society.

　　North ward ,Osaka Oyodokita ,Japan

　　PO Box: 531-8511

　　Tel: +81-6-6458-1111

　　Fax: +81-6-6285-6344

　　Website: www.nipponpaint.co.jp

　　Main sale data in 2019:

　　Coatings Sales: $5.944 billion

　　Number of employees: 23,000

　　Geographic Sales: Asia Pacific 86%，Europe 6%，Americas 8%

Board Members:

　　Tetsushi Tado:President, Representative Director of the Board

　　Manabu Minami:Vice President, Representative Director of the Board

　　Seiichiro Shirahata:Seiichiro ShirahataVice President, Director of the Board

　　Atsushi Nagasaka:Senior Executive Officer, Director of the Board

Summary：

　　Apr 28, 2019 - Nippon Paint Holdings finalized the acquisition of Turkish paint manufacturer Betek Boya, known for its brand Filli Boya, and its subsidiaries for 1.4 billion Turkish liras ($247 million), the company said Thursday.

　　Jul 28, 2019 - Nippon Paint has set up factories in Chengdu, Qionglai and Kunming, western cities of paint market, aiming to build up the most advanced and environmentally-friendly paint factories of innovation in southwestern regions. With clear ambition in leading in western paint market and dedication to China’s paint market, Nippon Paint is evidently determined to keep its dominant position.

　　Jul 31, 2019 - DuluxGroup shareholders have overwhelmingly voted in favour of the company’s $3.8 billion sale to Japanese paint giant Nippon.

5. RPM Inc

Company Profile:

　　RPM International Inc. is a multinational holding company, founded in 1947, and is headquartered in Ohio. RPM’s subsidiaries that manufacture and market high-performance coatings, sealants and specialty chemicals, primarily for maintenance and improvement applications.RPM employs more than 15,000 people worldwide and operates 156 manufacturing facilities in 26 countries. Its products are sold in approximately 170 countries and territories.Fiscal 2019 consolidated sales were $5.6 billion. Starting in fiscal 2020, RPM began reporting its financial results across four segments. Had these segments been in place during fiscal 2019, their proforma sales would have been 34 percent in the Construction Products Group, 20 percent in the Performane Coatings Group, 34 percent in the Consumer Group and 12 percent in the Specialty Products Group.

　　Medina, Ohio

　　PO Box: 44258 -0777

　　Tel: +1-330-273-5090

　　Fax: +1-330-225-8743

　　Website: www.rpminc.com

　　Main sale data in 2019:

　　Coatings Sales: $ 5.564 billion

　　Number of employees: 15,000

　　Geographic Sales: Europe、Middle East、Africa 20%，North America 73%，Latin America 4%，Asia Pacific 3%

Board Members:

　　Frank C. Sullivan: Chairman and Chief Executive Officer

　　Edward W.Moore:Senior Vice President, General Counsel and Chief Compliance Officer

　　Russell L.Gordon:Vice President and Chief Financial Officer

　　Michael H. Sullivan - Vice President, Operations and Chief Restructuring Officer

　　Lonny R. DiRusso: Vice President and Chief Information Officer

Summary:

　　Jun 12, 2019 - RPM today announced that its Tremco business has acquired Schul International Co., LLC, a manufacturer of joint sealants for commercial construction, and Willseal LLC, a business that markets and sells Schul products. Both companies are headquartered in Hudson, N.H., and have combined annual net sales of approximately $15 million.

　　Dec 18, 2019 - RPM today announced that its Mantrose-Haeuser Co., Inc. business has acquired Profile Food Ingredients, LLC, a manufacturer of dry stabilizer and emulsifier blends for the food industry. Headquartered in Elgin, Illinois, Profile Food Ingredients has annual net sales of approximately $25 million.

6. Diamond Paints

Company Profile:

　　Diamond Paints Company was founded in 1926 and headquartered in Des Moines, Iowa, its architectural coatings market share in the world paint is paint brand leader. The company is an OEM applications for industrial liquid and powder coatings, architectural coatings for commercial applications and owners of heavy protective coatings and paints. Diamond Vogel produces industrial coatings are widely used in aerospace, airport maintenance, ship, shipping traffic and heavy maintenance coatings. Company in the world with 13 production bases, there are more than 1000 sales center.

　　Des Moines, Iowa City, USA

　　PO Box: 50309 -3723

　　Tel: 1-626-513-2983

　　Fax: 1-626-333-8885

　　Website: www.diamondpaint.us Main sale data in 2019:

　　Coatings Sales: $ 4.588 billion

　　Number of employees: 1,1800

　　Geographic Sales: Europe 33%，Americas 49%，Asia Pacific 18%

Board Members:

　　Drew Vogel: Chairman and Chief Executive Officer

　　Doug Vogel: Vice president and director of traffic and heavy-duty coatings

　　Mark Vogel: Vice President and Director, Industrial Coatings

　　Frank Drewk: Vice President and Director of Architectural Coatings

Summary:

　　Sep 30,2019 - Diamond Vogel’s 2020 Color of the Year is Silence is Golden (0891), a relaxing gold honoring authentic workmanship with its timeless and warm patina. A saturated hue representing a true connection to comfort.

7. Axalta

Company Profile:

　　Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. With 150 years of experience in the coatings industry, the approximately 14,000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology.

　　United States, Philadelphia, Pennsylvania

　　PO Box 19103

　　Tel: +1-855-547-1461

　　Fax: +1-302-892-5615

　　Website: www.axaltacs.com

　　Main sale data in 2019:

　　Coatings Sales: $4.477 billion

　　Number of employees: 14,000

　　Geographic Sales: Europe、Middle East、Africa 36%，North America 38%，Asia Pacific 16%，Latin America 10%

Board Members:

　　Mark Garrett：Chairman of the Board

　　Robert Bryant：Chief Executive Officer

　　Brian Berube:Senior Vice President, General Counsel and Corporate Secretary

　　Robert Ferris:Vice President, Corporate Affairs and Chief Communications Officer

　　David Heflin:Vice President, Global Industrial Liquid Coatings

Summary：

　　May 13, 2019 - Axalta announced an exciting new partnership with Palmetto Paint Specialties, a leading distributor for the industrial coatings market in the Carolinas' region. In the partnership with Axalta, Palmetto Paint will stock products from a variety of technologies that include lacquers, catalyzed coatings, UV curables, stains, glazes, and dyes for the industrial wood market.

　　Jun 4,2019 - Axalta has signed an agreement to develop a new, state-of-the-art facility in the Netherlands for its refinish business on 4 June 2019 at Provado, the biggest real estate exhibition in the Netherlands.

　　Nov 26, 2019 - Axalta today announced that it has completed the acquisition of Capital Paints LLC, a UAE-based thermosetting powder coatings manufacturer. Capital Paints will operate as one of three Axalta powder manufacturing facilities in the Emerging Markets region, with the others located in Malaysia and Indonesia.

8. BASF

Company Profile:

　　At BASF, we create chemistry – for a sustainable future. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. The approximately 115,490 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is arranged into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas.

　　Ludwigshafen, Germany

　　PO Box: 61309

　　Phone: +49 621 60-0

　　Fax: +49 621 60-42525

　　Website: www.basf.com

　　Main sale data in 2019:

　　Coatings Sales: $ 4.303billion

　　Number of employees: 122,404

　　Geographic Sales: Europe、Middle East、Africa 49%，Americas 28%，Asia Pacific 23%

Board Members:

　　Dr. Kurt Bock:Chairman of the Board of Executive Directors Degree

　　Dr. Martin Brudermüller：Chairman of the Board of Executive Directors and Chief Technology Officer

　　Dr. Hans Engel：Vice Chairman of the Board of Executive Directors and Chief Financial Officer

　　Saori Dubourg:Member of the Board of Executive Directors

　　Sanjeev Gandhi:Member of the Board of Executive Directors

summary:

　　Mar 12, 2019 - BASF is enhancing its regional innovation capabilities with new facilities at the Innovation Campus Shanghai, to further strengthen collaboration with the automotive industry and to offer new process catalysts to the chemical industry. With an investment of approximately €34 million, the new 5,000-square-meter facilities include the Automotive Application Center and the Process Catalysis Research & Development (R&D) Center.

　　Aug 29, 2019 - BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion. The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant competition authorities.

　　Sep 26, 2019 - BASF has increased the capacity of its neopentyl glycol (NPG) plant at the Verbund site in Ludwigshafen, Germany, by 10,000 metric tons per year. Thus, the company has a total of 215,000 metric tons of NPG capacity with facilities in Ludwigshafen, Freeport / USA, Nanjing and Jilin / China. In addition, BASF is currently expanding its NPG capacity at the Nanjing site by a further 40,000 tons available from 2020, as announced in December 2017. With NPG production facilities in Europe, Asia and North America, BASF is one of the world's leading NPG manufacturers.

9. Kansai Paint

Company Profile:

　　Founded in 1918, Kansai Paint Co. Ltd. is one of the largest coatings manufacturers in Japan and Africa, with leading market positions in India, China and Southeast Asia. The company also has operations in Europe, the Americas and the Middle East. Core business areas include automotive coatings, industrial coatings, decorative coatings, and marine and protective coatings.

　　Imabashi， Japan

　　PO Box: 541-8523

　　Phone: +81-6-6203-5531

　　Fax: +81-6-6203-5018

　　Website: www.kansai.co.jp

　　Main sale data in 2019:

　　Coatings Sales: $ 4.022billion

　　Number of employees: 16,287

　　Geographic Sales: Europe、Middle East、Africa 23%，America 4%，Asia Pacific 73%

Board Members:

　　Hiroshi Ishino:President,Representative Director

　　Kunishi Mouri:Representative Director

　　Masaru Tanaka:Directors

　　Koji Kamikado:Directors

　　Hidenori Furukawa:Directors

Summary:

　　Feb 6, 2019 - Kansai Plascon, a subsidiary of Kansai Paint Co., Ltd. has officially launched the world's first anti-mosquito paint in Uganda, with the goal of supporting the country’s efforts of being malaria-free by 2021, which would place Uganda alongside Morocco, the only certified malaria-free country in Africa having registered no cases since 2010.

10. Asian Paints

Company Profile:

　　Founded in 1942, Asian Paints is India’s largest paint company and ranked among the top decorative coatings companies in the world. The company and its subsidiaries have operations in 19 countries across the world with 26 paint manufacturing facilities serving consumers in 65 countries. Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings, and Taubmans and Kadisco.

　　Mumbai - 400 055, India

　　Tel: 022 - 6218 1000

　　Fax: 022 - 6218 1111

　　Website: www.asianpaints.com

　　Main sale data in 2019:

　　Coatings Sales: $2.624 billion

　　Number of employees: 7,600

　　Geographic Sales: Asia 48% , Africa 20% , Middle East 26% , South Pacific 6%

Board Members:

　　K.B.S.Anand:Managing Director & CEO

　　Amit Syngle:Chief Operating Officer

　　Manish Choksi:President-International Business,IT,HR and Chemicals

　　Jayesh Merchant:CFO & Company Secretary

Summary：

　　Oct 22, 2019 - Asian Paints Consolidated Revenue from operations for the Quarter increases by 9.4%.

　　Data from: company annual reports, sales reports and data analysis, participate in the edit this report world paints and coatings industry association (WPCIA) and coating research association (PRA) coalition industry senior researcher:

　　This report joint editor: George Davis (world paints and coatings industry association industry senior researcher)

　　James Thompson (coating research association senior researcher)