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The top 10 coating companies in Europe with the strongest sales growth in 2024
Despite a difficult economic environment, several European paint and coatings manufacturers managed to achieve strong revenue growth in 2024. Particularly mid-sized players recorded substantial gains – as shown in our latest evaluation of the Top 25 by revenue.
Meffert AG Farbwerke leads this year’s ranking of companies with the highest revenue growth: The family-owned company from Germany increased its coatings revenue from EUR 329 million to EUR 380 million – a rise of 15.5%. Also notable was Jotun’s performance: the Norwegian firm achieved a revenue increase of 6.85%, reaching almost EUR 3 billion.
Mankiewicz, based in Hamburg, also saw solid growth, up 5.86% to EUR 506 million. Spain’s Briolf Group followed with a 5.58% increase, while Mipa climbed into the Top 5 with a 3.85% rise.
Here are the ten companies with the strongest revenue increases in 2024:
| Rank | Company | Revenue 2024 (EUR million) | Change (%) |
|---|---|---|---|
| 1 | Meffert | 380 | +15.5% |
| 2 | Jotun | 2,980 | +6.85% |
| 3 | Mankiewicz | 506 | +5.86% |
| 4 | Briolf Group | 227 | +5.58% |
| 5 | Mipa | 270 | +3.85% |
| 6 | Remmers | 231 | +3.59% |
| 7 | Dyo Boya | 270 | +3.45% |
| 8 | Tiger Coatings | 307 | +2.88% |
| 9 | Stahl | 715 | +2.14% |
| 10 | Beckers Group | 621 | +1.31% |
The data shows that mid-sized players still hold strong growth potential – often thanks to niche expertise, a focus on innovation, strategic investments in new markets, and flexibility in dealing with volatile conditions. Companies like Meffert, Mipa and Briolf benefit from their ability to provide tailored solutions while maintaining supply reliability and product quality, even under pressure.
Another key factor: international expansion. Several top performers have significantly grown their export businesses or entered new markets in recent years. Particularly in Eastern Europe, the Middle East and North Africa, they have gained new market shares.
Strategies for sustainable growth
Sustainability also plays an increasingly important role. Companies that took early action on low-VOC systems, recyclable packaging or bio-based raw materials often enjoy a competitive edge – not only in the consumer market but also in B2B segments.
The ranking highlights not just the fastest-growing companies, but also the strategies proving most effective in today’s market. While global corporations rely on scale and international presence, mid-sized firms win customers with agility, specialisation and proximity to the market.
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