Forward supply, forward service
To enhance the industry’s awareness of the global coatings industry order and understand the impact of leading companies on the industry. On August 28th, the Coating Industry officially released the "2020 China-US-Japan-Europe Top 25 Coating Companies Ranking". The companies on the list are all production companies with headquarters in their respective regions. The list uses the company's 2019 coating business sales revenue index as the final ranking indicator, and is ranked among the top 25 coating companies in China, the United States, Japan and Europe.
The list shows that the total sales of US companies on the list are 47.83 billion U.S. dollars, and the average sales per company is 1.913.5 billion U.S. dollars. Among them, PPG, Sherwin-Williams, and Lipram are in the top three, with sales of 15.458 billion U.S. dollars, 15.146 billion U.S. dollars, and 5.564 billion U.S. dollars.
The list shows that the total sales of European companies on the list is 29.581 billion US dollars, with an average sales of 1.183.2 billion US dollars per company. Among them, Akzo Nobel, BASF, and Jotun ranked the top three, with sales of 10.393 billion US dollars, 4.197.1 billion US dollars, and 2.228.6 billion US dollars respectively.
The list shows that the total sales of Japanese companies on the list is 14.843 billion U.S. dollars, and the average sales per company is 593.7 million U.S. dollars. Among them, Nippon Paint, Kansai Paint, and Shikoku Chemical Research ranked the top three, with sales of US$6.1832 billion, US$3.7641 million and US$871.2 million respectively.
The list shows that the total sales of China's listed companies are US$6.7513 billion, and the average sales per company is US$270.1 million. Among them, Three Trees, Oriental Yuhong, and Xiangjiang Paint ranked the top three, with sales of 796.1 million US dollars, 769.6 million US dollars, and 539.1 million US dollars respectively.
Total sales (100 million US dollars)
Average sales (100 million US dollars/house)
In terms of the distribution of sales scale, the scale of the top 25 companies in the coatings industry in China, the United States, Japan, and Europe is very unbalanced. The number of companies with sales revenues of more than US$10 billion is 2 in the United States and 1 in Europe; The number of companies between US$100 million is 2 in the United States, 2 in Japan, and 1 in Europe; the number of companies between US$1 to 3 billion is 5 in Europe and 1 in the United States. Companies with sales of more than $1 billion in China are zero.
In addition, the total sales revenue of the U.S. companies on the list is more than 7 times that of China, and the average sales of each U.S. company is more than 7 times that of China. The sales revenue of Sherwin-Williams, the largest paint company in the United States, is that of Sanke, the largest national paint company in China. Nearly 20 times the tree.
Sales scale range
|≧10 billion USD||2||1||0||0|
|USD 3-10 billion||2||1||2||0|
Judging from the list, the U.S. coating industry has a very high degree of internationalization, with giant companies such as Sherwin-Williams, PPG, Lipparm, Axalta, and Bose Bear emerging; followed by Europe and Japan, with Akzo Nobel, Multinational companies such as BASF, Nippon, Kansai, Haihong, and Jordan; Chinese paint companies have a very low degree of internationalization, and most of the companies’ business is limited to China, even though China’s largest national paint company Sankeshu , The international market share is also negligible.
According to the disclosed data, the total global paint output in 2019 reached 96.6 million tons, and sales revenue was about 197.7 billion U.S. dollars. Among them, the main business income of China's coatings industry was 447.4 billion yuan (including enterprises below designated size), which is about 64.1 billion U.S. dollars; The total output of the European material industry was 11.85 million tons and the total sales revenue was US$37.7 billion; the total output of the US coating industry was 8.9 million tons and the total sales revenue was US$30 billion; the total output of the Japanese coatings industry was 1.65 million tons and the total sales revenue was US$6.3 billion.
|Output (10,000 tons)||Output value (100 million US dollars)|
|China||37.5 million tons||$64.1 billion|
|Japan||1.65 million tons||$6.3 billion|
|Europe||11.85 million tons||$37.7 billion|
|United States||8.9 million tons||$30 billion|
According to published data, my country's paint industry concentration CR10 is only 15.22% in 2019, which is in the stage of decentralized competition. Compared with the coating industry in developed countries in Europe, America and Japan, the concentration of the coating industry in my country is very low, and there is still a huge gap with developed countries in the world.
According to statistics, in 2019, the European coating industry CR10 is about 70%, the Japanese coating industry CR10 is as high as 95%, and the American coating industry CR10 also reaches more than 85%; in addition, the concentration of the coating market in South Korea, India, Australia and other regions is also very high. "As China's coatings industry enters a period of in-depth adjustment, the industry concentration will increase substantially."
The top 5 companies in China's coatings list are: Three Trees, Oriental Yuhong, Xiangjiang Paint, Burberry, Bardez. The development of the coating industry will surely drive the development of paint pail, tin can components. I believe that forward's prospects are impressive.