9. Jun 2022 | Markets & Companies
Top 25: The largest coatings companies 2022
It’s that time of the year again: The editors of European Coatings Journal publish the annual ranking of the 25 top-selling paint and coatings manufacturers in Europe. Even though there have again been only slight shifts in the rankings, there is a clear growth trend in sales.
The list consists only of companies headquartered in Europe. The ranking results from the sales revenues generated with paints and coatings. For this reason, there are constant changes - companies are removed from the list and others are added. Due to acquisitions and mergers, three paint and coatings manufacturers are no longer represented this year. French paint manufacturer Cromology, which was always among the top ten companies in terms of sales, is no longer in the Top 25 this year. In the second half of the year, the Japanese group Nippon Paint announced acquisition plans. As of the first half of 2021, sales were EUR 370 million (total 2020 sales: EUR 628 million). Tikkurila and Wörwag also had to be taken from the list. Last year, the Finnish company made it to 7th place and Wörwag to 18th. Both companies were taken over by the U.S. group PPG in the course of last year.
Increasing coatings sales
As can be seen, sales in 2021 increased year-on-year for almost all companies. Only two companies recorded lower sales than in 2020. The cumulative value of all sales of the 25 paint and coatings manufacturers is over EUR 24 billion (2020: EUR 22.36 billion). Sales are also higher than in 2019 (EUR 23.53 billion). Of course, these values cannot be fully compared because, as mentioned at the beginning, these are not the identical companies in every year and price adjustments certainly play a role in this year’s list.
Paints and coatings sales
Previous year’s P&C sales
Group sales in
|Meffert AG Farbwerke||Germany||372||360||418|
|CIN - Corporacao Industrial do Norte, S.A.||Portugal||365||324||365|
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Making coating systems more environmentally compatible is a burning issue for everyone in the industry, and one that is being fuelled by the European Green Deal. Learn all you need to know about sustainable coatings, how to produce coatings in a more environmentally friendly way and how to give coated products a longer service life. You will find an overview in the EC Tech Report of the many various approaches being adopted. We will dive deep into the European Green Deal, its key points and main purpose as well as consequences for the coating industry, see which new raw materials are being developed to replace or lower the content of products in the SVHC group and learn about different approaches to sustainable paint formulation.
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