Ranking 2023: Europe’s Top 25

It’s that time 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. By Damir Gagro

Who has made it to the Top 25?
Who has made it to the Top 25? kentoh -StockAdobe.com

The list consist 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 Wörwäg to 18th. Both companies were taken over by the U.S. group PPG in the course of last year.

As can be seen, sales in 2021 increased year-on-year for almost all companies. Only two companies recorded lower sales than in 2020. This is last year’s Top 25.

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.

RankCompanyCountryPaints and coatings sales (EUR million)Previous paints and coatings sales (EUR million)
1Akzo NobelThe Netherlands10,8469,587
5Deutsche Amphibolin-Werke (DAW)Germany1,237**1,157**
6Beckers GroupGermany697637
10CIN – Corporacao Industrial do NortePortugal389365
11Flügger GroupDenmark336*330
12Tiger CoatingsAustria327299
13IVM ChemicalsItaly315**300**
14Meffert AG FarbwerkeGermany295372
18Grebe HoldingGermany223211
19Yasar HoldingTürkiye200**184
21Dold GruppeSwitzerland187180
22Frei LackeGermany172162
24Adler-Werk LackfabrikAustria160151
*Turnover figures from 2021 // ** Estimated values

Reading tip

The 25 largest European coatings manufacturers 2021

Ranking: Europes top 25 coatings manufacturers in 2020

Ranking 2019: The 25 largest coatings producers in Europe

Hersteller zu diesem Thema

This could also be interesting for you!