2016 Annual Report of the World's Top Ten Paint and Coating Brand Companies

WPCIA Washington January 5, 2017
In 2016, the global paint and coatings market value increased to 149.
2 billion US dollars
.
In recent years, the global paint and coatings market has been growing at a healthy rate.
Between 2012 and 2016, the compound annual growth rate (CAGR) reached a strong rate of 5.
5%
.
However, this figure cannot represent the performance of all regional markets, because the compound annual growth rate in Europe during the same period was quite weak, only 1.
8%
.
In contrast, the Asia-Pacific region (APAC) has grown at a compound annual growth rate of 8.
3% during the aforementioned period
.
The Asia-Pacific region has now become the largest emerging regional market, accounting for more than 55% of the global market value
.

Architectural coatings have the largest market share in the global paint and coatings market, accounting for 51.
1% of its total value
.
China and the United States are the two largest architectural coatings markets, with market values ​​of US$27.
2 billion and US$11.
7 billion, respectively
.
It is expected that China will continue to grow at a relatively rapid rate in the future, while the growth rate of the United States is predicted to be moderate
.
Architectural coatings were once considered to be the source of indoor air pollution due to their high VOC emissions
.
However, in recent years, companies such as Akzo Nobel, PPG, Diamond Coatings and Tricolor Coatings have been committed to the research and development of new environmentally friendly architectural coating formulations and have achieved significant results
.
The research report of the World Paint and Coatings Industry Association (WPCIA) shows that today's architectural coatings VOC emissions are very low.
After the initial use, the emission rate decreases and continues to decline in the following 14 days.
VOCs are only at a limited rate for a limited period of time.
Discharge
.
In short, WPCIA data shows that current architectural coatings will no longer cause damage to painters and building residents
.

In 2016, there were a total of 20 companies with paint sales exceeding 1 billion U.
S.
dollars, and three companies with sales exceeding 10 billion U.
S.
dollars
.
We predict that by 2020, the global paint and coatings market trend should remain largely the same, but will slow down slightly in the Asia-Pacific region due to the slowdown of China's economic growth and other factors
.
It is predicted that during this period, the Asia-Pacific region should still be the strongest performing region, with a compound annual growth rate of 6.
3%
.
At the same time, the growth of the European regional market is expected to accelerate slightly, reaching 2%
.

Ranking of the world's top ten paint brands in 2016:
1).
AKZONOBEL (NL) Akzo Nobel (Netherlands) US$16.
33 billion
2).
PPG Industries (US) PPG Industries (US) 15.
37 billion US$
3).
Sherwin-Williams (US) Sherwin-williams (US) US$
11.
77 billion4).
RPM Inc (US) RPM International (US) US$
4.
813 billion5).
VALSPAR (US) Valspar (United States) US$4.
366 billion
6).
Nippon Paint (JP) Nippon Paint (Japan
) US$ 4.
238 billion 7).
Diamond Paint (US) Diamond Paint (US) (U.
S.
)
4.
054 billion U.
S.
dollars8).
Axalta (US) Axalta (U.
S.
) 3.
978 billion U.
S.
dollars
9).
SACAL (UK) SACAL (UK) US$3.
728 billion
10).
BASF (DE) BASF (Germany) US$3.
521 billion