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Once again this year, the editors of the European Coatings Journal have compiled a ranking of the 25 largest and top-selling paint and coatings manufacturers based in Europe. By Damir Gagro.
Who has made it to the Top 25? Source: Freepik - www.flaticon.com (Icons), Nathalie Nuhn (composing)
The list of the 25 companies with the highest turnover only includes paint and coatings manufacturers that have their headquarters in Europe. The key figure relevant for the ranking is the turnover achieved with paints and coatings. The turnover refers to the previous year 2023. As the financial year does not end on 31 December for all companies, the list also contains entries with turnover figures from the previous year, i.e. 2022. In some cases, the companies do not provide precise information on their turnover with paints and coatings. In these cases, the information is based on estimates by the editorial team. The combined turnover of all 25 paint and coatings manufacturers amounts to just under EUR 28.1 billion (EUR 26.8 billion in the same period of the previous year) – an increase of 4.8%. Seven companies achieved a lower turnover in 2023 than in 2022, including the leader Akzo Nobel.
The companies Remmers (-12.5%), Beckers (-12%) and Teknos (-10.8%) all suffered double-digit declines in turnover compared to the previous year. Of the 17 paint and coatings manufacturers that were able to increase their turnover, three companies achieved double-digit growth rates: the Spanish Briolf Group (+28.7%), the Polish manufacturer Sniezka (+12.7%) and the German Meffert AG Farbwerke (+11.5%). The figures for the Danish Hempel Group also show strong sales growth with an increase of almost 9%. Grebe Holding, to which Weilburger Coatings belongs, is still in the top 25 this year, as its turnover relates to 2023. The company was recently acquired by the Kansai Group and will therefore no longer appear in the ranking in the coming years.
| Rank | Company | Country | P&C* sales EUR million (2023) | Previous year’s P&C sales in million EUR | Change in % |
| 1 | Akzo Nobel | Netherlands | 10.668 | 10.846 | -1,64% |
| 2 | BASF | Germany | 4.390 | 4.220 | 4,03% |
| 3 | Jotun | Norway | 2.789 | 2.759 | 1,09% |
| 4 | Hempel | Denmark | 2.351 | 2.159 | 8,89% |
| 5 | Deutsche Amphibolin-Werke (DAW) | Germany |
1.238 |
1.237 |
0,08% |
| 6 | Stahl | Netherlands | 700 | 657,28 | 6,50% |
| 7 | Beckers Group | Germany | 613 | 697 | -12,05% |
| 8 | Brillux | Germany | 558*** | 530*** | 5,28% |
| 9 | Mankiewicz | Germany | 478 | 442 | 8,14% |
| 10 | CIN – Corporacao Industrial do Norte, S.A. | Portugal | 395,1 | 389 | 1,57% |
| 11 | Teknos | Finland | 355 | 398 | -10,80% |
| 12 | Flügger Group | Denmark | 341 | 336 | 1,49% |
| 13 | Meffert AG Farbwerke | Germany | 329 | 295 | 11,53% |
| 14 | IVM Chemicals | Italy | 320*** | 315 | 1,59% |
| 15 | Tiger Coatings | Austria | 298,4 | 327 | -8,75% |
| 16 | Sto | Germany | 293** | 291 | 0,69% |
| 17 | Mipa | Germany | 260 | 240 | 8,33% |
| 18 | Remmers | Germany | 223 | 255 | -12,55% |
| 19 | Grebe Holding | Germany | 218 | 223 | -2,24% |
| 20 | Briolf Group | Spain | 215 | 167 | 28,74% |
| 21 | M？der | France | 195 | 192 | 1,56% |
| 22 | Dold Gruppe | Switzerland | 180 | 187 | -3,74% |
| 23 | Frei Lacke | Germany | 180 | 172 | 4,65% |
| 24 | Sniezka | Poland | 178 | 158 | 12,66% |
| 25 | Adler-Werk Lackfabrik | Austria | 165 | 160 | 3,13% |
*Paints and coatings // ** Sales in 2022 // *** Estimated sales
source：european-coatings
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