World's Top ten Paints Companies 2020 Annual Report

  WPCIA Washington January 5, 2021

  Affected by COVID -19, the sales volume of global paints and coatings market in 2020 is $167.6 billion, decrease of 3% compared with last year.Although the overall trend of the paints and coatings market changes in anticipation, but the significant differentials have taken place in various market segments.The first outbreak of COVID -19 epidemic situation occurred in Asia, followed by its strict lockdown and detection measures, which made its market performance fall first and then rise, and the overall performance down 1% from last year.In Euro-American region,due to the long-term recurrence of the COVID -19 epidemic and the lack of effective control, the continuous lockdowns measures have seriously affected the production of factories and the business conditions of shops , it has led to uneven results across the global performance and the segment market appear great change.

  This year, the COVID-19 and the measures to stop production have a dramatic impact on the industrial coatings market. The industrial coatings demand volume is dropped by 6.8% compared to 2019. It’s expected the demand for industrial coatings recovery from the COVID-19 crisis until the second half of 2021.On the other hand, the demand for architectural coatings increased by 5.2%.This is owed to a large extent to the strong sales performance of architectural coatings in Europe and North America.In Euro-American region, home improvement projects became popular while consumers were in lockdown in their homes for a long time,resulting in a sharp increase in sales of architectural coatings.Now with the COVID-19 vaccine one after another into the market, the paints and coatings market is expected to recover the previous high-speed development trend.

  In addition, the demand for antiviral and antimicrobial coatings has skyrocketed as a result of the COVID-19 pandemic.Some of these coatings have seen four to five times demand increases this year. The long-term sustainable demand for these products is expected to be at least twice that of pre-pandemic level.For this reason, the leading enterprises in the global paints and coatings market, such as Sherwin-Williams,NIPPON Paints, AXALTA, Diamond Vogel and Akzo Nobel, have increased their production and research and development of antiviral and antimicrobial coatings.


  1. SHERWIN-WILLIAMS (U.S.) $18.01 billion

  2. PPG Industries (U.S.) $13.26 billion

  3. AKZONOBEL (N.L.) $10.14 billion

  4. NIPPON Paints (J.P.) $7.597billion

  5. RPM Inc (U.S.) $5.506 billion

  6. DIAMOND Paints (U.S.) $4.056 billion

  7. BASF (D.E.) $3.589 billion

  8. AXALTA (U.S.) $ 3.321 billion

  9. KANSAI Paint(J.P.) $3.186 billion

  10. Asian Paints(IN) $2.189 billion

World's Top Ten Paints Companies



Company Profile:

  Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers.

  Sherwin-Williams manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME®by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® Water Seal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams®branded products are sold exclusively through a chain of more than 4,900 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. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world.

  United States, Cleveland, Ohio

  Tel: +216-566-2000

  Fax: +216-566-3310


Main sale data in 2020:

  Coatings sales: $18.01billion

  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


  Feb 6, 2020 - The Sherwin-Williams Company today announces it is finalizing plans to build a new global headquarters in downtown Cleveland and a new R&D center in the Cleveland suburb of Brecksville.

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


Main sale data in 2020:

  Coatings sales: $ 13.26 billion

  Number of employees: 47,000

  Geographic Sales: Europe、Middle East、Africa 30%,United States and Canada 43%,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


  Mar 3, 2020 - PPG today announced that it has completed its acquisition of Alpha Coating Technologies, LLC (“Alpha”), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates.

  Apr 14, 2020 - PPG and the PPG Foundation today announced they will contribute more than $1.5 million to organizations supporting immediate community relief efforts and emerging recovery needs amid the impacts of the Coronavirus (COVID-19) crisis.

  Aug 5, 2020 - PPG and Sibi, a technology platform for supply chain, today announced a four-year partnership with Tricon American Homes (TAH) for PPG paint products. Financial details of the agreement were not disclosed.

  Dec 18, 2020 - PPG today announced that it has entered into a definitive agreement to acquire Tikkurila in an all-cash transaction. Under the terms of the agreement, PPG will commence a tender offer to acquire all of the issued and outstanding stock of Tikkurila. Pursuant to the offer, Tikkurila shareholders will receive €25.00 in cash for each share of Tikkurila stock they own, for a total transaction value of approximately €1.1 billion, including the assumption of debt and cash. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.



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


Main sale data in 2020:

  Coatings sales: $ 10.14billion

  Number of employees: 33,800

  Sales amount distributing in different region: Europe 45%,Americas 21%,Asia Pacific 30%,in other regions 4%

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


  Mar 06, 2020 - Akzo Nobel N.V. has completed the acquisition of the remaining 25% stake in Akzo Nobel Boya Sanayi ve Ticaret A.S., a leading powder coatings joint venture in Turkey. The company has now acquired full ownership, having previously held the majority share. Following a successful partnership, the deal will help to consolidate AkzoNobel’s strong position in powder coatings in Turkey, one of Europe’s largest powder coatings markets.

  Apr 01, 2020 - AkzoNobel has completed the acquisition of 100% of the shares of Mauvilac Industries Limited, a leading paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores and access to a strong distribution network.

  Sep 08, 2020 - Brave Ground has been unveiled as AkzoNobel’s Color of the Year for 2021. It’s a warm and grounding neutral shade that gives us the courage to embrace change.

  Oct 19, 2020 - AkzoNobel is to further grow in Europe after agreeing to acquire the decorative paints business of Spain’s Industrias Titan S.A.U. Completion is subject to regulatory approvals and expected before the end of Q1, 2021.

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 2020:

  Coatings Sales: $7.597 billion

  Number of employees: 25,970

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

Board Members:

  Masaaki Tanaka:Chairman of the Board Representative Executive Officer President & CEO

  Wee Siew Kim:Deputy President and Executive Corporate Officer

  Yuichiro Wakatsuki:Senior Managing Executive Officer and CFO

  Yasuyuki Matsumoto:Managing Executive Officer and CAO


  Apr 16, 2020 - Nippon Paint, Corning Inc. Develop Antivirus Surface Coating.Additionally, they donated RMB 5 million worth of Nippon Paint Antivirus Kids Paint to four hospitals in China’s Hubei Province.

  Oct 13, 2020 - Nippon Paint Holdings Co., Ltd. announced the merger of its U.S. automotive businesses. The merger is scheduled to take effect on Jan. 1, 2021. NPA Coatings Inc., NB Coatings, Inc., and NPAA Chattanooga will merge into a single company and operate under the name Nippon Paint Automotive Americas, Inc.

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 124 manufacturing facilities in 26 countries. Its products are sold in approximately 170 countries and territories.Fiscal 2020 consolidated sales were $5.5 billion. The company operates across four reportable segments, including construction products, performance coatings, consumer and specialty products. It boasts a diverse portfolio with hundreds of brand-name products—many of which are leaders in the markets they serve.

  Medina, Ohio

  PO Box: 44258 -0777

  Tel: +1-330-273-5090

  Fax: +1-330-225-8743


Main sale data in 2020:

  Coatings Sales: $ 5.506 billion

  Number of employees: 14,600

  Geographic Sales: Europe、Middle East、Africa 18%,North America 75%,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


  Sep 1, 2020 - RPM International Inc. today announced that its Rust-Oleum business has acquired Ali Industries, LLC, a leading manufacturer of sandpaper and other abrasives. Headquartered in Fairborn, Ohio, Ali Industries has annual net sales of approximately $75 million.

6. Diamond Paints

Diamond Paints

Company Profile:

  Diamond Paints Company was founded in 1926 and headquartered in Orange City, 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.

  Orange City, Iowa, USA

  PO Box: 50309 -3723

  Tel: 1-626-513-2983

  Fax: 1-626-333-8885


Main sale data in 2020:

  Coatings Sales: $ 4.056 billion

  Number of employees: 1,1250

  Geographic Sales: Europe 31%,Americas 47%,Asia Pacific 22%

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


  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.



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 117,000 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 organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions.

  Ludwigshafen, Germany

  PO Box: 61309

  Phone: +49 621 60-0

  Fax: +49 621 60-42525


Main sale data in 2020:

  Coatings Sales: $ 3.589billion

  Number of employees: 117,000

  Geographic Sales: Europe、Middle East、Africa 46%,Americas 28%,Asia Pacific 26%

Board Members:

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

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

  Saori Dubourg:Member of the Board of Executive Directors

  Michael Heinz:Member of the Board of Executive Directors

  Dr. Markus Kamieth:Member of the Board of Executive Directors


  Jan 23, 2020 - BASF announced a single-digit million-euro investment in the capacity expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain. The expansion will allow BASF to increase its production capacity by 30 percent.

  Sep 22, 2020–BASF-YPC Co., Ltd. , a 50-50 joint venture between BASF and SINOPEC, has expanded the production capacity of neopentylglycol (NPG) at the state-of-the-art Verbund site in Nanjing, China. The plant was established in 2015 with an annual capacity of 40,000 metric tons. With the completion of the expansion in August 2020, the annual capacity will reach 80,000 metric tons.

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 13,000 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


Main sale data in 2020:

  Coatings Sales: $3.131 billion

  Number of employees: 13,000

  Geographic Sales: Europe、Middle East、Africa 35%,North America 40%,Asia Pacific 15%,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


  Apr 20, 2020 - Axalta today announced that it will supply E&R Powder Coating with more than 7,000 pounds of its Alesta AM powder coatings for bed frames at a temporary hospital at McCormick Place in Chicago, IL, which is being used for coronavirus patients.

  Aug 24, 2020 – Axalta recently showcased its innovative waterborne technologies at the Waterborne Industrial Coatings Technology Training in Changzhou, Jiangsu Province, China. More than 100 trainees attended the seventh-annual program, which was organized by Paint & Coatings Industry (PCI) Magazine and the Chemical Industry and Engineering Society of China (CIESC).

  Nov 9, 2020 – Axalta announced a new partnership with Master Paints Industries (Pvt) Ltd., a leading paint manufacturer in Pakistan. Master Paints will distribute Axalta’s Standox and HIPIC brands in the region.

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


Main sale data in 2020:

  Coatings Sales: $ 3.186billion

  Number of employees: 16,459

  Geographic Sales: Europe、Middle East、Africa 22%,America 3%,Asia Pacific 75%

Board Members:

  Hiroshi Ishino:President,Representative Director

  Kunishi Mouri:Representative Director

  Masaru Tanaka:Directors

  Koji Kamikado:Directors

  Hidenori Furukawa:Directors


  Jun 12, 2020 - Kansai Plascon Uganda (“Kansai Plascon”), subsidiary of Japanese paint company Kansai Paint Co., Ltd., announced a donation of 4,000 litres of the company’s Anti Mosquito Paint to the Ministry of Education and Sports for use in schools. Additionally, in support of the government’s fight against COVID-19, Kansai Plascon has also made available 20,000 face masks to support school staff as they prepare for the reopening of schools.

10. Asian Paints

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 2020:

  Coatings Sales: $2.189billion

  Number of employees: 7,600

  Geographic Sales: Asia 44% , Africa 24% , Middle East 27% , South Pacific 5%

Board Members:

  Ashwin Dani:Chairman

  Amit Syngle:Managing Director & CEO

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

  Jayesh Merchant:CFO & Company Secretary

  M.K. Sharma: Chairman of Audit Committee


  Mar 30, 2020 - Asian Paints has today committed Rs. 35 crores towards Covid19 Relief Fund. The contribution will be made to the Central as well as other EmergencyRelief State funds to combat Covid-19 pandemic.

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)