Leading paint and coatings companies worldwide 2023, by revenue

Based on revenue, the United States-based company Sherwin-Williams was the leading paints and coatings company worldwide in 2023, with a revenue of 22.23 billion U.S. dollars. Another U.S. company, PPG Industries, was second in this ranking, with 18.23 billion U.S. dollars of revenue that year. Overall, five of the ten leading global paint and coatings companies based on revenue were based in the U.S. at that time.

Global paints and coatings industry

Paints and coatings have a wide variety of applications. From architectural paints and coatings, to coatings developed specifically for ships and spacecrafts - the industry is broad and dynamic. As of 2023, the global market value of paints and coatings was estimated at nearly 180 billion U.S. dollars. Asia held the world's largest share of the paint and coatings market by far as of 2022, at 45 percent, followed by Europe and North America, respectively.

The largest paint company in the world: Sherwin-Williams

As the world’s largest paints and coatings company based on revenue, Sherwin-Williams is comprised of three segments: the Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group operates the Sherwin-Williams paint stores, which are located across the U.S., Canada, and the Caribbean.