World's Top ten Paints Companies 2017 Annual Report

(Published by WPCIA January 5, 2018 Washington)

  In 2017 the global paints and coatings market increased by 5.3% to $157.1 billion,which was in line with the predicted growth rate.The market is driven by number of factors in the year, such as the growing demand from the infrastructure industry in the Asia-Pacific region, growing demand from the automotive industry, and increased awareness towards sustainable products. However, the fluctuating raw material price, and stern government & environment regulations on chromate-based coating is a major factor impeding the growth of the market,this situation is particularly evident in China.Now China had become a major production base of the international coatings industry,it produced 57% of coatings in the APAC and 29% of the world total.But this year,some of Chinese coatings manufacturers ended up in the red and losses due to climbing prices of raw materials and environmental inspections.

  The architectural coatings and industrial coatings are the largest segment in the global paints and coatings market, in which architectural coatings are more than 50% of the global market share.Since this year on,increasing applications from end-use industries such as aerospace, automotive and general industries have augmented the growth of the industrial coatings. The growth of architectural coatings is attributed to growing construction spending in emerging regions.However,all the time, architectural coatings are highly regulated industry due to presence of volatile organic compounds(VOC) in these products which are harmful for the environment.VOC in the atmosphere has compelled governments across the world and environmental organizations to undertake regulations to either curtail or eliminate them. At the same time, the consumers' awareness of environmental protection is becoming more and more strong, which resulted in shifting preference regarding effects on human health effects and utility of paints in general.Some of the major companies dominating the market such as AkzoNobel, Sherwin-William, PPG, RPM International, DIAMOND Paints and Nippon Paints active development of bio-based and waterborne formula products are expected to offer numerous opportunities for the growth of the global paints and coatings market.It eventually led to the industry of architectural coatings has witnessed a huge shift towards green and bio-based products in the form of powder based and waterborne formulations.

  There were 22 companies with coating sales in excess of $1 billion in 2017, three companies had sales over $10 billion are AkzoNobel, Sherwin-Williams and PPG Industries. Sherwin-Williams has completed the acquisition and integration of Valspar, its sales increased significantly in the three quarter, and the total sales for the first time surpassed PPG Industries.This year, due to the influence of China and other factors, the growth rate of the APAC region has slowed down slightly, but the APAC region is still the strongest performing region, with an overall growth rate of 5.9%. At the same time, the growth of regional markets in Europe has risen to 3.2%.


  1. AKZONOBEL (N.L.) $17.25 billion

  2. SHERWIN-WILLIAMS (U.S.) $15.04 billion

  3. PPG Industries (U.S.) $14.86 billion

  4. NIPPON Paints (J.P.) $5.392 billion

  5. RPM Inc (U.S.) $4.959 billion

  6. BASF (D.E.) $4.856billion

  7. DIAMOND Paints (U.S.) $4.362 billion

  8. AXALTA (U.S.) $ 4.210 billion

  9. KANSAI Paint(J.P.) $3.527 billion

  10. Asian Paints(IN) $2.912 billion



  Company Profile:

  AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring.As a leading global paints and coatings company and a major producer of specialty chemicals,we supply essential ingredients,essential protection and essential color to industries and consumers worldwide.Backed by a pioneering heritage,our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet,while making life easier.Headquartered in Amsterdam,the Netherlands,we have approximately 46,000 people in around 80 countries,while our portfolio includes well-known brands such as Dulux,Sikkens,International,Interpon and Eka.Consistently ranked as a leader in sustainability,we are dedicated to energizing cities and communities while creating a protected,colorful world where life is improved by what we do.

  Amsterdam, the Netherlands,

  PO Box:9300

  Tel: +31-20-502-7555

  Fax: +31-20-502-7666


  Main sale data in 2017:

  Coatings sales: $ 17.25billion

  Number of employees: 46,000

  Sales amount distributing in different region: Europe 43%,Americas 26%,Asia Pacific 27%,in other regions 4%

  Board Members:

  Thierry Vanlancker:Chief Executive Officer

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

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

  Sven Dumoulin:General Counsel and Member of the Executive Committee

  Werner Fuhrmann:Responsible for Specialty Chemicals and Member of the Executive Committee

  David Allen:Chief Supply Chain Officer and Member of the Executive Committee

  Main development area:

  - Anticipates positive developments for EMEA, North America and Asia.

  - Latin America is expected to stabilize.

  Market Positioning:

  Top 3 in Europe: decorative paints, coil coatings, powder coatings

  The world's best-selling paint: powder coatings, wood coatings, coil coatings, marine protective coatings, aerospace coatings.

  European markets selling paints: decorative paints

  Asia-Pacific market and the North American market selling coatings: decorative paints, coil coatings


  January 17, 2017,AkzoNobel has officially opened its €11 million powder coatings facility in Chengdu, western China. The new site will help to meet growing demand in the region and supply customers with a full range of powder products for the automotive, construction, furniture and IT industries.

  February 20, 2017,More than 100 of the coatings industry’s leading scientists are being brought together by AkzoNobel in a new €12.6 million research and innovation hub which could revolutionize the company’s portfolio.

  May 01, 2017,AkzoNobel has completed a previously announced share repurchase program.The company repurchased 2.38 million of its ordinary shares in the period from January 2, 2017 up to and including April 21, 2017 for a total consideration of €160.00 million.

  May 08, 2017,AkzoNobel today announces it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel.

  May 30, 2017,Responding to current and expected production needs for Thailand and South East Asia region, AkzoNobel has opened a new Performance Coatings production facility in Chonburi, Thailand.

  July 03, 2017

  AkzoNobel has today announced the acquisition of UK-based Flexcrete Technologies Ltd and an agreement to acquire French manufacturer Disa Technology (Disatech). The deals will further strengthen AkzoNobel’s global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings.

  September 12, 2017,AkzoNobel has officially opened the world’s most advanced and sustainable paint plant in Ashington, in the UK.

  September 21, 2017,AkzoNobel’s Specialty Chemicals business is studying plans to build a world-class plant for its Bermocoll business, which supplies essential ingredients for the paint and buildings and construction industries.

  October 10, 2017,AkzoNobel’s Specialty Chemicals business has entered the next phase of a major expansion at its organic peroxides facility in Ningbo, China, which will increase production capacity by more than 100% by the third quarter of 2018.

  October 20, 2017,AkzoNobel’s Specialty Chemicals business has completed the expansion of a Chemical Island in Brazil to support a major project for Brazilian forestry company Fibria. The world’s leading producer of eucalyptus pulp from planted forests, Fibria has invested $2.2 billion to more than double pulp capacity at its mill in Três Lagoas to 3.25 million tons per year.

  October 30, 2017,Akzo Nobel N.V. (AKZA; AKZOY) - In response to market speculation, AkzoNobel confirms today it is currently in constructive discussions regarding a merger of the AkzoNobel Paints & Coatings business with Axalta. This will create a leading global paints & coatings company through a merger of equals.

  November 01, 2017,AkzoNobel has completed the €4.8 million expansion project at its Surface Chemistry facility in Boxing, China, significantly increasing the company's regional product portfolio and reconfirming its commitment to the Asian market.

  November 01, 2017,Customers at automotive body repair shops can now save time and money thanks to an industry first digital solution introduced by AkzoNobel’s Vehicle Refinishes business.

  November 15, 2017,AkzoNobel’s Specialty Chemicals business has completed a $10 million investment at its LeMoyne sulfur derivatives plant in the US, which supplies essential ingredients used in several major industries.



  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,Dutch Boy,Krylon,Minwax,Thompson's Water Seal and many more.With global headquarters in Cleveland,Ohio,Sherwin-Williams branded products are sold exclusively through more than 4,800 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: +1-800-474-3794

  Fax: +1-800-434-3131


  Main sale data in 2017:

  Coatings sales: $15.04billion

  Number of employees: 45,000

  Geographic Sales: Europe 20%, Americas 36%,Asia Pacific 40%,in other regions 4%

  Board Members:

  John G. Morikis: President and Chief Executive Officer

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

  Sean P. Hennessy: Senior Vice President - Corporate Planning, Development and Administration

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

  Jane M. Cronin:Senior Vice President - Corporate Controller and Assistant Secretary

  Main development area:

  -Growth in residential starts and existing home turnover was sufficient to drive growth in America architectural industry.

  -The demand for paint and coatings in most Asia Pacific markets continues to look positive.

  Market Positioning:

  Europe: Automotive Coatings

  North America: automotive coatings, architectural coatings

  Asia-Pacific market: architectural coatings


  Mar 21, 2017,The Sherwin-Williams Company and The Valspar Corporation today announced that they have extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, from March 21, 2017 to June 21, 2017.

  Apr 12, 2017,The Sherwin-Williams Company and The Valspar Corporation today announced that they have entered into a definitive agreement with Axalta Coating Systems to sell the assets related to Valspar’s North American Industrial Wood Coatings business to Axalta for $420 million in cash. Valspar’s North American Industrial Wood Coatings business had revenues of approximately $225 million in 2016 and is one of the leading providers of coatings for OEM and aftermarket Industrial Wood markets, including building products, cabinets, flooring and furniture in North America.

  Apr 19, 2017,The Sherwin-Williams Company announced that Michael H. Thaman was elected to the Board of Directors of Sherwin-Williams at the Company’s annual meeting of shareholders today. Mr. Thaman was appointed to the Compensation and Management Development Committee of the Board.

  Jun 1, 2017,The Sherwin-Williams Company today announced it has completed its acquisition of The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders will receive $113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.

  Sep 20, 2017,The Sherwin-Williams Company will webcast its Financial Community Presentation from the Marriott Marquis in New York City on October 3, 2017. This year's meeting will focus on the Valspar acquisition, including progress on integration, multi-year financial outlook and projections, debt structure and leverage targets and more. Presentations are scheduled to begin at 8:00 a.m. EDT.

  3. 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


  Main sale data in 2017:

  Coatings sales: $ 14.86 billion

  Number of employees: 47,000

  Geographic Sales: Europe 28%,Americas 54%,Asia Pacific 16%,in other regions 2%

  Board Members:

  Michael H. McGarry:Chairman and Chief Executive Officer

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

  Glenn E.Bost:Senior Vice President and General Counsel

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

  John A. Jankowski:Vice President and Treasurer

  Main development area:

  -Americas and Canada region remained largest refinish coatings business market.

  -Demand for industrial coatings in European markets drove the regional growth rate.

  -Growth in Asia Pacific was led by the industrial coatings segment, in part due to strong automotive industry build growth.

  Market Positioning:

  America: industrial coatings,automotive coatings, powder coatings and architectural coatings.

  Europe: industrial coatings and architectural coatings

  Asia-Pacific: architectural coatings, industrial coatings and powder coatings.


  Jan 5, 2017, PPG today announced that it has completed its acquisition from the Emerging Europe Accession Fund (EEAF) of DEUTEK S.A., a leading Romanian paint and architectural coatings manufacturer that reported sales of 30 million euros in 2015. Financial terms were not disclosed.

  Jan 20, 2017,PPG today announced that it has acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian). Financial terms were not disclosed.

  Feb 6, 2017,PPG and Universal Display Corporation today announced that Universal Display will invest $15 million in PPG’s Barberton, Ohio, manufacturing facility to double commercial production capacity for Universal Display’s proprietary UniversalPHOLED® phosphorescent emitter products. The expansion project, which will add more than 20 positions at the facility, is scheduled to be completed in the third quarter 2017.

  Feb 23, 2017,PPG today announced it has reached a multiyear corporate marketing agreement with the National Hockey League (NHL) to make PPG paint brands the Official Paint of the NHL® in the U.S. and Canada. Financial details and terms were not disclosed.

  Mar 1, 2017,PPG today marked the completion of a new $19 million high-performance waterborne and high-solids coatings production line at its Wuhu facility in Anhui province, China. The new line enhances the production and service capabilities of PPG’s automotive coatings business for customers in China.

  Mar 22, 2017,PPG today announced that it made a revised proposal on March 20, 2017 to acquire Akzo Nobel N.V. for €90.00 (cum dividend) per ordinary share, comprised of cash of €57.50 and 0.331 share of PPG common stock. This represents an increase of €7.00 per ordinary share from PPG’s initial offer. Including the assumption of net debt and minority interests, the proposed transaction is valued at approximately €24.5 billion, or $26.3 billion.

  Apr 3, 2017,PPG today opened a nearly $3 million expansion for packaging coatings manufacturing at its Oak Creek, Wisconsin, plant. The 3,300-square-foot facility adds capacity for the production of food-can coatings to meet growing customer demand.

  Apr 6, 2017,PPG (NYSE:PPG) today announced that it has purchased the remaining 50 percent ownership interest in its Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from its joint-venture partner, Omni-Plus System Pte. Ltd. Financial terms were not disclosed.

  Apr 11, 2017,PPG today announced that it has acquired a 40 percent ownership interest in Taiwan Chlorine Industries Ltd. from China Petrochemical Development Corporation .

  May 17, 2017,PPG announced today that its automotive original equipment manufacturer (OEM) color styling team in China created two distinctive colors of waterborne coatings for BYD that the Chinese automaker featured on vehicles unveiled during Auto Shanghai 2017 – its Dynasty concept vehicle, and a new seven-passenger version of its flagship Song model.

  Jun 6, 2017,The PPG Foundation recently donated a combined $163,000 to support educational initiatives in the Pittsburgh area, where PPG maintains its global headquarters and several facilities. The grants highlight PPG’s commitment to supporting its local communities and the foundation’s top priority of increasing educational opportunities for youth in the areas of math and technology.

  Jun 16, 2017,PPG today marked the opening of a 45 million euros (US$49 million) paint and coatings manufacturing facility and commercial operation in the Lipetsk region of Russia. The site will provide about 200 total positions and produce about 25 million liters (6.6 million gallons) of coatings at full capacity.

  Jun 19, 2017, PPG recently announced the completion of a COLORFUL COMMUNITIES project that renovated the dormitory and school corridor of the Wuhu School for the Blind in Anhui province, China. The project, part of PPG’s global community engagement efforts, involved local government officials, the media and nearly 120 volunteers from PPG’s Wuhu plant and its customer Chery. This marks the first Colorful Communities project that PPG has held jointly with a customer in the Asia Pacific region.

  Jun 28, 2017,PPG and the PPG Foundation today announced contributions to Carnegie Science Center of Pittsburgh totaling $7.5 million. The largest donation in the center's history is earmarked for a new building that will be named the PPG Science Pavilion.

  Sep 27,2017,PPG today announced its partnership with automotive giant Renault-Nissan Alliance to deliver tailor-made structural adhesives to more than one million Renault, Nissan and Samsung cars across Europe, Asia, North America and South America.

  Oct 30, 2017,PPG and Universal Display Corporationtoday announced the completion of Universal Display’s $15 million investment in PPG’s Barberton, Ohio, manufacturing facility. The investment doubles commercial production capacity for Universal Display’s proprietary UniversalPHOLEDphosphorescent emitters, and will add more than 20 positions at the facility.

  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


  Main sale data in 2017:

  Coatings Sales: $5.392 billion

  Number of employees: 16,872

  Geographic Sales: Asia Pacific 84%,Europe 7%,Americas 9%

  Board Members:

  Kenji Sakai:Chairman of the Board

  Tetsushi Tado:President, Representative Director of the Board

  Kanji Nishijima:Senior Vice President, Representative Director of the Board

  Manabu Minami:Senior Executive Officer, Director of the Board

  Main development area:

  -Automotive coatings are growing faster in the Asia Pacific Region

  -The European and North American markets continue to develop steadily

  Market Positioning:

  Asia-Pacific market: decorative coatings, automotive coatings, industrial coatings, marine coatings,wood coatings Europe: automotive coatings, industrial coatings Americas: automotive coatings, industrial coatings


  Jun 7,2017, The 12h International CSR Forum and Award Ceremony was held in Beijing, China. Nippon Paint Chia was recognised for being the first to establish and improve the coating services supply chain. In addition, the company also earned a spot in the 2016 Golden Bee CSR Honour roll for its contribution towards harmony.

  Jun 14,2017, Nippon Paint China held a media event at the Shanghai Dong Fang De Shang Kindergarten to showcase the different mural art that its ‘Colour, Way of Love ART+’ CSR program has created together with corporate organizations, mural artists from around the world, iColor designers and other partners. Themed “The dreamer on the walls”, the event highlighted how the murals painted around Shanghai were used to communicate the importance of nurturing the younger generation and caring for the environment and wildlife. The mural artists were also invited to speak about the concept and inspiration behind the art that they had created.

  Jun 16,2017, At a recent press conference, Eric Chung, of Nippon Paint China revealed that the company would create 10 more mural painting in the Pudong District by the end of July 2017 as part of its Colour, Way of Love ART+ CSR program. He also shared that the program aims to take on larger scale activities this year, using large mural paintings on public walls to raise awareness about using colour and public art to beautify the city.

  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 14,000 people worldwide and operates 139 manufacturing facilities in 27 countries. Its products are sold in approximately 170 countries and territories.Fiscal 2017 sales were $5 billion, with 66 percent to industrial and specialty markets worldwide and the remaining 34 percent to consumers mainly in North America.

  Medina, Ohio

  PO Box: 44258 -0777

  Tel: +1-330-273-5090

  Fax: +1-330-225-8743


  Main sale data in 2017:

  Coatings Sales: $ 4.959 billion

  Number of employees: 14,000

  Geographic Sales: Europe、Middle East、Africa 20%,North America 66%,Latin America 7%,Asia Pacific 7%

  Board Members:

  Frank C. Sullivan: Chairman and Chief Executive Officer

  Ronald A.Rice:President and Chief Operating Officer

  Russell L.Gordon:Vice President and Chief Financial Officer

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

  John F.Kramer:Vice President - Corporate Development Main development area:

  - North America continues to maintain its current stability, mainly due to companies serving the commercial construction market.

  -The European region still maintains a high level of profitability, and the performance of the Asia Pacific region is rising.

  Market Positioning:

  North America: industrial coatings, architectural coatings,decorative coatings

  Europe: Industrial Coatings

  Asia-Pacific and Latin America and other emerging markets: industrial coatings, architectural coatings,decorative coatings


  Jan 4, 2017,RPM International Inc. today announced that it has acquired two businesses, a manufacturer of commercial floor cleaning equipment and chemicals, and a manufacturer of specialty chemical raw materials. The companies have combined annual net sales of approximately $42 million. Terms of the transactions, which are expected to be accretive to earnings within one year, were not disclosed.

  Jan 17, 2017,RPM International Inc. today announced that it has acquired Prime Resins to be part of its USL Group. Prime Resins is a manufacturer of specialty chemicals and equipment for infrastructure construction and repair. Headquartered in Conyers, Georgia, Prime Resins has annual net sales of approximately $7 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

  Jul 21, 2017, RPM International Inc. today announced that it has acquired Key Resin Company, a manufacturer of polymer flooring and coating systems. It will operate as one of RPM’s Euclid Group of companies. Headquartered in Batavia, Ohio, Key Resin has annual net sales of approximately $25 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

  Oct 30, 2017,RPM International announced that its USL Grouphas acquired Ekspan Holdings Limited, a provider of movement control products and services for bridges and major structures. Headquartered in Sheffield, United Kingdom, Ekspan has annual net sales in excess of $10 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

  Dec. 4, 2017,RPM International Inc. today announced that its Rust-Oleum business group has acquired Whink Products, a specialty cleaners manufacturer and marketer that is the market share leader in the rust stain removal segment. Based in Eldora, Iowa, Whink has annual net sales of approximately $6 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

  6. 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 114,000 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


  Main sale data in 2017:

  Coatings Sales: $ 4.856 billion

  Number of employees: 114,000

  Geographic Sales: Europe、Middle East、Africa 42%,Americas 31%,Asia Pacific 27%

  Board Members:

  Kurt Bock:Chairman of the Board of Executive Directors

  Dr. Martin Brudermüller:Vice Chairman of the Board of Executive Directors and Chief Technology Officer (CTO)

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

  Frank A. Bozich:President, Global Catalysts Division

  David Stryker:Senior Vice President and General Counsel.

  Main development area:

  -The Asia Pacific market expanding, laid the foundation for steady development

  -EMEA is still the main development area.

  Market Positioning:

  Europe、Middle East、Africa: performance coatings

  America: high-performance coatings, architectural coatings Asia-Pacific market: architectural coatings


  Mar 29, 2017,In the automotive industry, manufacturers and suppliers are working constantly to reduce energy consumption and CO2 emissions in production. A project team consisting of employees of the car maker Audi, BASF’s Coatings division and materials company Covestro has now passed a new milestone: for the first time, a clearcoat containing a biobased hardener was applied to test bodies of the Audi Q2 under near-series conditions at the Audi plant in Ingolstadt, Germany.

  Apr 4, 2017,BASF and Landa Labs announced their strategic long-term partnership today at the European Coatings Show (ECS) in Nuremberg, Germany. Under this exclusive agreement, BASF will employ Landa’s revolutionary nano-pigment technology in a new portfolio of easy dispersible ultra-high transparency pigments marketed under the Colors & Effects brand. This groundbreaking development will offer unprecedented color depth while significantly simplifying the production of automotive coatings.

  December 6, 2017 – The digital economy is forecasted to account for 25% of the global economy by 2025 with an estimated $100 trillion of value generated over the next decade. Recognizing the potential to strengthen its long-term competitiveness, BASF embarked on a digital transformation journey in 2015. The company now enters a strategic partnership with Dutch start-up company Ahrma Holding B.V. to jointly approach the growing market for smart logistic solutions. With an investment of €5 million in Ahrma shares, BASF is taking an important step towards a more transparent, reliable and efficient supply chain ecosystem.

  Dec 11, 2017,BASF’s Coatings division today inaugurated a new, world-scale automotive coatings plant at the Shanghai Chemical Industry Park (SCIP) in Caojing, Shanghai, China. The €140 million project is an extension of the existing automotive coatings plant, a joint venture between BASF and Shanghai Huayi Fine Chemical Co., Ltd. This expansion will further enhance the company’s local production and better serve the growing automotive market in China and Asia Pacific.

  Dec 13, 2017,BASF’s Coatings division today inaugurated a new automotive coatings plant at its Bangpoo manufacturing site, Samutprakarn province, Thailand. The new plant is the first BASF automotive coatings manufacturing facility in ASEAN, and will produce solventborne and waterborne automotive coatings to meet growing market demand in the region.

  7. 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: Main sale data in 2017:

  Coatings Sales: $ 4.362 billion

  Number of employees: 1,1500

  Geographic Sales: Europe 37%,Americas 46%,Asia Pacific 17% 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 Main development area:

  - Continue to maintain the stability of Europe and the Americas growth

  - Increase in the Asia Pacific region, efforts to expand in emerging markets, and achieve greater growth Market Positioning:

  Europe: heavy duty coatings, industrial coatings

  America: decorative coatings,architectural coatings, industrial coatings, transportation coatings

  Asia Pacific: decorative coatings,architectural coatings, industrial coatings,wood coatings


  Oct 25,2017,Diamond Paints has completed Phase One of a five-year, $29.3 million expansion plan for its operation located at the company's headquarters in Orange City, Iowa. The first phase of the project involves the doubling of its powder coatings production facility. Diamond Paints, founded in 1926, entered the powder coatings market in the mid-1990s and built a manufacturing plant dedicated to that new technology in 2002.

  Diamond Vogel commitment to innovative solutions is designed to fulfill certain basic human needs: protection against the natural elements, clean water, dependable energy supplies, advanced transport infrastructures, maintaining the value of our buildings, safer and faster travel. Diamond Vogel is constantly adapting its products and systems to the changing requirements of its customers and end users - and in so doing is continually extending the range of applications. This corresponds with Diamond paint Coatings Company's corporate mission statement:“We strengthen the positions of excellence which we have reached and develop new success potentials by constantly renewing and improving our products, systems and procedures.”

  8. 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 13,300 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


  Main sale data in 2017:

  Coatings Sales: $4.210 billion

  Number of employees: 13,300

  Geographic Sales: Europe、Middle East、Africa 36%,North America 35%,Asia Pacific 18%,Latin America 11%

  Board Members:

  Charles W. Shaver:Chairman and Chief Executive Officer

  Robert W.Bryant:Executive Vice President and Chief Financial Officer

  Michael A. Cashr:Senior Vice President and President, Industrial Coatings

  Steven R. Markevich:Executive Vice President and President, Transportation Coatings

  Barry Snyder:Senior Vice President and Chief Technology Officer

  Rajeev Rao:Vice President, Strategy and Business Development

  Main development area:

  -Europe and North America are still the key markets for development.

  -Asia Pacific region continues to develop steadily.

  Market Positioning:

  North America: refinish coatings,industrial coatings,light vehicle coatings,commercial vehicle coatings,wood coatings

  Europe: refinish coatings,light vehicle coatings,commercial vehicle coatings

  Asia-Pacific market: refinish coatings,industrial coatings


  Feb 2,2017, Axalta Coating Systems announced today that it has entered into an agreement to acquire Century Industrial Coatings, a leading manufacturer of high performance industrial coatings for structural steel, oil and gas, rail cars and other OEM applications. Financial terms of the transaction were not disclosed.

  Mar 13,2017, Axalta Coating Systems today announced that its Board of Directors authorized a common share repurchase program of up to $675 million. Axalta expects the share repurchases to be made from time to time in the open market or through privately-negotiated transactions, or otherwise, subject to applicable laws, regulations and approvals. The pace of repurchase activity will be subject to the discretion of Axalta, and will be based upon market conditions and other capital allocation decisions, while incorporating key factors including cash balances and needs of the business, cash flow from operations, stock price, and acquisition opportunities. There is no expiration date on the share repurchase program.

  Jun 1,2017, Axalta Coating Systems has completed its previously announced acquisition of The Valspar Corporation’s (NYSE: VAL) North American Industrial Wood Coatings business. Valspar divested the business in connection with the antitrust approval of its acquisition by The Sherwin-Williams Company.

  Jun 6,2017, Axalta Coating Systems has completed its previously announced acquisition of the Spencer Coatings Group, a leading manufacturer of high performance industrial coatings for heavy-duty equipment, general industrial, oil and gas, and glass coatings segments.

  Jun 15,2017, Axalta Coating Systems today formally opened its newest investment in innovation, the Asia-Pacific Technology Center (APTC), in the Minhang District of Shanghai.

  Aug 14,2017, Axalta Coating Systems announced today that it has acquired Plascoat Systems Limited, a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed.

  Aug 23,2017, Axalta Coating Systems opened its expanded Technology Center Savli in Vadodara in the state of Gujarat, India. The technology investment demonstrates Axalta’s commitment to delivering innovative coating solutions in India, a strategic market in Asia-Pacific.

  Sep 20,2017, Axalta Coating Systems has launched its Axalta Paints the Future internship program, which aims to develop future talent for the coating industry in China. The program offers internships to outstanding university students from four Chinese universities – Shanghai Jiaotong University, East China University of Science and Technology, Tianjin University, and Shanghai University of Engineering Science - that major in chemistry, chemical engineering and material science.

  Nov 21,2017, Axalta Coating Systems today confirmed that its previously announced talks with AkzoNobel have ended regarding a potential merger of equals transaction between Axalta and Akzo’s Paints and Coatings business, as the companies were unable to reach mutually agreeable terms. Axalta continues to pursue other value-creating alternatives.

  Nov 30,2017 Axalta Coating Systems today confirmed that its previously announced discussions regarding it being acquired by Nippon Paint have ended. Nippon Paint informed Axalta that its Board of Directors was unwilling to meet our expectations regarding the value of the company and assume the financial leverage necessary for a deal of this size.

  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. Product sales in the Automotive Coatings business accounted for 38% of sales. The Industrial Coatings business accounted for 25% of sales, the Decorative Coatings business accounted for 25% of sales, and the Marine and Protective Coatings business accounted for 7% of sales.

  Imabashi, Japan

  PO Box: 541-8523

  Phone: +81-6-6203-5531

  Fax: +81-6-6203-5018


  Main sale data in 2017:

  Coatings Sales: $ 3.527billion

  Number of employees: 15,754

  Geographic Sales: Europe、Middle East、Africa 14%,America 6%,Asia Pacific 80%

  Board Members:

  Hiroshi Ishino:President,Representative Director

  Kunishi Mouri:Representative Director

  Masaru Tanaka:Directors

  Koji Kamikado:Directors

  Hidenori Furukawa:Directors

  Main development area:

  -The overall performance of the Asia Pacific region has improved.

  -In Europe, there were signs of recovery in business performance.

  Market Positioning:

  Asia-Pacific: decorative coatings,automotive coatings,auto refinish coatings,industrial coatings

  Europe、Middle East、Africa: automotive coatings,auto refinish coatings

  America: automotive coatings,auto refinish coatings,decorative coatings,protective coatings


  Jan, 2017, Kansai Paint made a deal to purchase Slovenia-based Helios, making it the center of the Kansai operations in Europe.

  Feb,2017, the company announced that its consolidated subsidiary, Kansai Plascon Africa Ltd., purchased shares of the Sadolin Group, which manufactures decorative and industrial coating that are sold in East Africa.

  Nov 2,2017, Kansai Paint will exhibit at “MEDICA 2017″, the world’s largest Medical Equipment Exhibition and International Forum.

  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


  Main sale data in 2017:

  Coatings Sales: $2.912 billion

  Number of employees: 10,474

  Geographic Sales: Europe 7%, Americas 3%, Asia Pacific 90%

  Board Members:

  Mr. K B S Anand:Managing Director & CEO

  Mr. Ashwin Choksi:Non-Executive Chairman

  Mr. Ashwin Dani:Non-Executive Vice Chairman

  Mr. Abhay Vakil:Non-Executive Director

  Mr. Mahendra Choksi:Non-Executive Director

  Main development area:

  -Major side growth in the Asia Pacific Region

  Market Positioning:

  Europe: architectural coatings, industrial coatings

  Americas: architectural coatings, industrial coatings,

  Asia Pacific: architectural coatings, industrial coatings,wood coatings


  Sep 6,2017, PT Asian Paints Indonesia, Indonesia (PT API) was incorporated in Indonesia as a wholly owned subsidiary of Berger International Private Limited, Singapore (an indirect subsidiary of the Company) and that steps were being taken for setting up a manufacturing plant with a capacity of 24,550 ton in Indonesia subject to necessary regulatory and other approvals.

  Nov 8,2017 Asian Paints for seeking the approval of the Hon’ble National Company Law Tribunal, Mumbai Bench (‘NCLT’) to the Scheme of Amalgamation between Asian Paints (International) Limited (‘Transferor Company’) and Asian Paints Limited (‘Petitioner Company’ or ‘Transferee Company’).

  Dec 12,2017, Asian Paints today,has acquired 100% stake in Reno Chemicals Pharmaceuticals And Cosmetics Private Limited (Reno), The aforesaid transaction is with an objective of using the land and building of Reno to meet the Companys growing infrastructure requirements.

  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: Edward Moore (world paints and coatings industry association industry senior researcher)

  John Cramer (coating research association senior researcher)