Coatings and paints global market share by company 2022
In 2022, Sherwin-Williams and PPG Industries were the main paint and coatings companies worldwide, each with a market share of approximately 11.33 percent. These two U.S.-based companies are particularly dominant in the North American market. Meanwhile, the European paint and coatings market, is led by the Dutch multinational AkzoNobel.
Sherwin-Williams
Sherwin-Williams is a paint and coatings company headquartered in Cleveland, Ohio. The company was established in 1886 and was responsible for the introduction of the first ready-mixed paint to the market. In 2020, it generated a revenue of over 23.1 million U.S. dollars, up from 11 million dollars almost a decade earlier. Sherwin-Williams employed some 64 thousand people in 2023.
PPG Industries
PPG industries was founded in 1883 in Pittsburg, Pennsylvania as a plate glass manufacturer and expanded into the paints market by the end of 1900. Today, the company is a global supplier of paints, coatings, and specialty materials. PPG Industries’ revenue grew from 11.2 million U.S. dollars in 2010 to 18.25 million dollars in 2022. In that latter year, the number of employees of PPG industries stood at 53 thousand.
