Top Leading Paints and Coatings Companies in Global Market 2020 | BMRC

27 Oct 2020

Paints & Coatings Market is expected to reach USD 179.67 Billion by 2025 with healthy compound annual growth rate CAGR of 5.6% from USD 125.50 Billion in 2018.

Emergence of new technologies has increased the performance of coatings to improve performance which are especially environmentally friendly. For the protection of the surface from oxidation, sunlight and enhance the durability of the object life also used for decoration and functional purpose. Architectural, general industrial, protective, and automotive & transportation, also augmenting demand for high-performance coatings are the driving growth factors for Paints and Coatings Market. The industry is facing challenges due to COVID-19 pandemic impact, economic dynamism in Europe, North America, and other different parts globally. The largest share in the paints and coatings market, accounting for over 55.0% sales volume in 2017 is held by the architectural and decorative category which is subcategorized into non-residential and residential applications. Adoption of smart coatings is considered as a major trend being witnessed in the paints and coatings market. The capability to transform the properties as per stimuli which is provided by the external environment, such as electric field and temperature are smart coating materials.

Leading Paints & Coatings Companies in the Global Market

AkzoNobel

 Akzo Nobel is a Dutch multinational company which creates paints and performance coatings for both industry and consumers globally.  Founded in 1994 26 years ago. Headquartered in Amsterdam, Netherlands. The company operates in over 80 countries and employ around 35,000 talented people. The company deals with basic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings. Dulux, International, Sikkens and Interpon are the included brands in the portfolio which have gained the trust of customers.

News-

AkzoNobel puts on a brave face with coatings from ColorSurfaces Edition 16. More emergence of advanced powder coatings solutions will be available to customers in Taiwan now that a state-of-the-art and sustainable plant is being built by AkzoNobel in Chungl. AkzoNobel boosts powder coatings capacity and also accelerates shift to greener production.

Asian Paints

Asian Paints Limited, is an Indian multinational paint company. Asian Paints is recognised as India's largest and Asia's third largest paints corporation. Founded on 1 February 1942; 78 years ago by Champaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil.Headquartered in Mumbai, Maharashtra,India. The company focuses on chemicals, decorative paints, Industrial finishing products, coatings. Asian Paints is the holding company of Berger International.

News- Asian Paints Announcement under Regulation 30 (LODR)-Newspaper Publication. Asian Paints, RIL, Cipla and TechM among stocks anticipated to shine by growth.

PPG Industries 

Pittsburgh Plate Glass Company is an American Fortune 500 company. The company is also worldwide supplier of supplier of paints, coatings, and specialty materials. Founded in 1883 137 years ago by John Baptiste Ford and John Pitcairn Jr. Headquartered in Pittsburgh, Pennsylvania, U.S. The company operates in more than 70 countries around the world. The company specialists in Architectural Paint, Optical Products, Silicas, Aerospace Transparencies, Sealants and Coatings, Industrial Coatings, Packaging Coatings, Industrial Coatings Services, Automotive Coatings, Protective and Marine Coatings, and Automotive Refinish.

News- PPG Industries had received the necessary permissions from Indian authorities to grow and expand their coatings. Which was done by creating a second joint venture with Asian Paints.

The Sherwin-Williams Company

Sherwin-Williams Company is an American Fortune 500 company which manufacturers paint and coating. Founded in 1866; 154 years ago by Henry Sherwin, Edward Williams. Headquartered in Cleveland, Ohio, U.S. The Americas Group, Consumer Brands Group, and Performance Coatings Group are the three segments through which the company is operated. The company specialists in Industrial and Marine Coatings-Global Organization and Product Finishes for OEMs-Global Organization.

News- On October 27, 2020 Sherwin-Williams to Announce Third Quarter 2020 Financial Results. The company witness growth by the Increase of Third Quarter 2020 Sales Guidance and also Full Year 2020 Sales and Diluted Net Income Per Share Guidance.

Kansai Paints

Kansai Paint is a Japanese, Osaka-based chemical company. The company’s main products are automotive, industrial and decorative coatings and
Control and undertaking of painting works services of the company. Across the globe, the company is recognised as one of the world's top ten paint manufacturers with manufacturing sites in over 43 countries. Founded in Amagasaki (May 17, 1918; 102 years ago). Headquartered in 6-14, Imabashi 2-chome, Chuo-ku, Osaka 541-8523, Japan.

News- KANSAI PAINT FOUGHT MALARIA WITH ANTI-MOSQUITO PAINT IN UGANDA. First Quarter Reference Material for Financial Results FY2020.

Jotun A/S

The Jotun Group is a Norwegian chemicals company. The company deals with dealing mainly in decorative paints and performance coatings (marine, protective and powder coatings). The company has a presence in more than 100 countries worldwide. Founded in           1926; 94 years ago with headquarters in Sandefjord, Norway by Odd Gleditsch. The company specialists in The Jotun Group is one of the world's leading manufacturers of paints, coatings and powder coatings (for Decorative, Architectural, and Marine and Protective use. The company follows an exceptionally strong corporate culture.

News-

 Good sales growth and solid results for Jotun for the following 2020 year. Jotun pioneering revolutionary Hull Skating Solutions with MSC with objective  to increase efficiency and reduce emissions.

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