Coatings are important materials for architectural decoration and industrial protection, widely used for the protection and beautification of substrates such as walls, metals, wood, and concrete. In 2024, the global paint market value increased by 2.5% year-on-year to $2020 billion, and production increased by 0.4% year-on-year to 48.9 billion liters (approximately 67.7265 million tons). Affected by unfavorable factors such as the decline in the real estate market, the demand for coatings in China has been weak, with production declining by 1.60% year-on-year to 35.341 million tons; The main business revenue was 408.903 billion yuan, with a total profit of 26.29 billion yuan, an increase of 1.56% and 9.34% year-on-year, respectively.
Below is a brief introduction to the market competition landscape based on the "2025 Global Paint Companies Top 100" released by Tujie. The total operating revenue of the listed companies was 121.7439 billion US dollars, a year-on-year decrease of 6.4%; Accounting for 60.12% of the global total revenue, a year-on-year decrease of 2.71 percentage points.
From a regional distribution perspective, China, which has maintained its position as the world's top producer and seller of coatings for 16 consecutive years, has 23 companies on the list (including Hong Kong, Macao, and Taiwan), a decrease of 3 compared to the previous year, but still ranks first. Following closely behind are 16 from the United States, 12 from Germany, 10 from Japan, and 5 each from India and South Korea.
Overall, there are "many but not strong" Chinese companies on the list, with a cumulative sales revenue of 6.2557 billion US dollars, accounting for only 5.14% of the total revenue of the listed companies. By comparison, the cumulative sales revenue of companies on the list from the United States, Germany, Japan, and India were 54.1938 billion, 9.9838 billion, 6.9514 billion, and 6.1304 billion US dollars, respectively.
Only four Chinese companies made it to the TOP50, with Three Trees (15), Xiangjiang Coatings (29), and Beixin Building Materials (31) dropping by one, four, and seven places respectively. Dowill Paint has risen 31 places and once again entered the top 50 globally, ranking 43rd on the list.
The total operating revenue of the top 10 companies decreased by 11.30% year-on-year to $81.01 billion, mainly due to the exclusion of non coating business revenue from some companies; Accounting for 66.54% of the total revenue on the list, a year-on-year decrease of 3.66 percentage points. Among them, American companies hold 4 seats exclusively.
Ranked 4-10 are Nippon Paint (unchanged), Axalta (up 1 place), Kansai Coatings (up 3 places), Asian Coatings (up 1 place), BASF (down 1 place), Jordan (up 1 place), and Lipa Mai (down 5 places).
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