Varying Growth of the Top Global Manufacturers

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Collectively the TOP 11 global manufacturers of paints and coatings increased their sales volume by about 14 % in the first quarter of 2021 compared to 2020. The varying growth patterns were influenced by the companies’ product mix sold (decorative paints versus industrial coatings), geographic sales focus and acquisition activities. Asian Paints and Nippon Paint recorded the highest volume-related growth in the 1st quarter of 2021. A strong regional focus on Asia combined with a significant share of the decorative paint market segment boosted this growth. Thus, both companies also exceeded by far their pre-Corona sales volumes of QI 2019. Akzo Nobel benefitted from its large share of the decorative paint market and significant business in Asia, while Masco gained from the construction and renovation boom in the USA. Further company details and an analysis are provided in Chem Research‘s Executive Review entitled "The TOP 11 Global Paint and Coating Producers" published semi-annually.

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