On May 15, 2017, Coatings Industry published the World Paint Manufacturers Top 10. All the manufacturers were listed companies.
Top 10 Paint Producers
By the region, there are 5 producers are American companies and 2 Japanese companies. Netherlands, Germany and India have 1 company in the list respectively. In 2016, the total production was around 65.5 million mt and the sales value was 199.2 billion dollars. The sales value of the top 10 producers was 62.4515 billion dollars, accounting for 31.35% of the total.
The sales value of PPG, Sherwin-Williams, and AkzoNobel reached 36.1548 billion dollars, taking up around 57.89% of the total sales value of top 10 producers. After the merge of Sherwin-Williams and Valspar, the proportion is expected to be 64%.
However, the global paint market is still scattered. The top 10 producers’ share only takes up 31.35% of the total, and around 10,000 producers hold the rest shares. The global paint market will see more merges and Chinese producers will see more difficulties.
Mergers and Acquisitions Will Change the Industry Pattern
In 2016, Sherwin-Williams used 11.3 billion dollars to purchase Valspar and this acquisition will be finished in June 2017. A new paint giant will come.
Though AkzoNobel has refused PPG’s acquisition intention, the merge and acquisitions in the paint industry will continue.
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