The Top 10 Most Valuable Coating Brands Globally in 2025 Have Been Announced: Sherwin-Williams, Nippon Paint, Dulux, and SKSHU Make the List

According to the ranking of brands with the highest brand value, Sherwin-Williams, PPG, Nippon Paint, Asian Paints, Axalta, AkzoNobel, Dulux, Jotun, Kansai Paints, and 3TREES rank among the top ten, with brand values of USD 8.486 billion, USD 3.790 billion, USD 2.861 billion, USD 1.623 billion, USD 1.577 billion, USD 1.315 billion, USD 1.284 billion, USD 0.970 billion, USD 0.930 billion, and USD 0.790 billion, respectively. Year-on-year growth rates in brand value stand at +12%, −7%, +18%, +9%, −5%, 0%, −1%, +12%, +1%, and +9%. In terms of ranking changes, Sherwin-Williams, PPG, Nippon Paint, and Jotun retained their positions unchanged; Asian Paints rose one place; Axalta and Dulux each dropped one place; Kansai Paints fell two places; and 3TREES declined one place. Notably, AkzoNobel entered the list for the first time, while Earl’s Paint—ranked tenth last year—exited the ranking. Public records indicate that AkzoNobel was originally founded in 1792 and is a global leader in the decorative coatings industry and the world’s largest manufacturer of performance coatings. Its portfolio includes internationally renowned brands such as Dulux, International, Sikkens, and Interpon. Its business spans architectural coatings, automotive coatings, wood coatings, marine coatings, electronics (3C) coatings, wind power coatings, aerospace coatings, and packaging coatings, serving over 100 countries and regions worldwide. According to the authoritative ranking released by TuJie (Coating World), AkzoNobel ranked third among the Top 10 Global Coating Manufacturers in 2024, with sales revenue of USD 11.56 billion. AkzoNobel is also a global leader in the decorative coatings sector, with its decorative coatings business volume and output ranking among the world’s highest. Its flagship architectural decorative coatings brand, Dulux, enjoys strong sales across more than 100 countries and regions. According to TuJie’s 'Top 20 Global Architectural & Decorative Coating Brands Ranking 2024', AkzoNobel ranked fourth with USD 4.771 billion in sales revenue and a 4.76% global market share—marking its sixth consecutive year in the top four globally. Brand Finance stated that Sherwin-Williams’ brand value grew 12% to USD 8.5 billion, retaining the top spot for the fourth consecutive year. Following a slowdown in brand value growth in 2024, the brand’s recovery is attributed to strategic pricing initiatives and an expanded distribution network. In January 2025, Sherwin-Williams implemented a 5% price increase across its entire product line to boost revenue and offset rising costs. Public records show that Sherwin-Williams was founded in 1866, with its global headquarters located in Cleveland, Ohio, USA. It is one of the world’s oldest professional coating companies. Over its more than 150-year history, Sherwin-Williams has grown steadily into today’s largest global coatings enterprise.

The Top 10 Global Coating Manufacturers Ranking for 2026 Has Been Announced: Global Market Share Slightly Declines to 39.30%

By contrast, the Indian market demonstrates relatively strong growth resilience, with both volume and value expected to rise—although decorative coatings growth is slowing, industrial coatings are performing robustly. Japan’s market volume is projected to decline, but its value is expected to grow due to price hikes; South Korea faces declines in both volume and value. Europe’s market, affected by economic uncertainty, is expected to continue contracting in major producing countries such as Germany and France. The Middle East region, directly impacted by the U.S.-Iran war, is anticipated to see a sharp downturn in its coatings market. Latin America, however, is expected to achieve modest volume growth. First-quarter 2026 financial results from major coating companies further confirm this divergent landscape. Sherwin-Williams achieved a 6.8% year-on-year increase in net sales to USD 5.667 billion—and a 6.1% rise in net profit—thanks to its strategic acquisition of BASF’s Brazilian decorative coatings business, Suvinil. PPG similarly benefited from strong organic growth in aerospace, protective, and marine coatings across Latin America, posting a 7.0% net sales increase. Nippon Paint recorded a 20.8% sales growth and a 44.3% increase in net profit attributable to shareholders, driven by acquisitions, favorable exchange rate effects, higher volumes, and product mix optimization. Jotun reported a 10% base sales growth in the first four months of 2026 and an 18.4% surge in operating profit. Note: Jotun’s sales data covers the first four months of 2026. However, not all companies shared in this growth. AkzoNobel’s Q1 2026 sales declined 9.0% year-on-year, with net profit attributable to shareholders falling 13.08%, reflecting the combined impact of weak volumes, adverse currency effects, and asset divestitures. Axalta saw a marginal 0.63% dip in net sales and an 8.08% decline in net profit. BASF’s coatings business recorded a 5.9% sales decline and a substantial drop in EBITDA. These markedly divergent financial performances reflect differences in corporate strategy, product portfolio structure, and regional deployment. Notably, the U.S.-Iran war has driven up international crude oil prices, accelerating raw material cost inflation—a common challenge confronting the entire industry. Major coating companies are taking decisive action to respond. AkzoNobel explicitly stated that, compared with the previous raw material price hike cycle, its current pricing response is faster and more resolute: it announced price increases ranging from mid-single digits to low double digits to fully offset inflationary impacts, with implementation phased through Q2 and fully effective by Q3. Jotun, Kansai, PPG, Sherwin-Williams, Nippon Paint, and Asian Paints have likewise confirmed implementing a series of mitigation measures—including price increases. This collective pricing adjustment will significantly influence the final magnitude of value growth in the 2026 coatings market. Looking ahead, uncertainty remains the dominant theme. Jotun noted in its outlook that even if Middle Eastern tensions ease temporarily, supply chains can only gradually return to normal; persistently high raw material prices and supply shortages are expected to continue throughout 2026, exerting pressure on profitability. Sherwin-Williams forecasts mid-single-digit percentage growth in consolidated net sales for Q2 2026, and low- to mid-single-digit growth for the full year. PPG expects organic sales and adjusted earnings per share for Q2 to remain flat or post low-single-digit growth.

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Sherwin-Williams raised its annual profit forecast, citing an 8% price increase effective September 1st to offset rising costs. The company projects 2026 adjusted earnings per share between $11.80 and $12.20, supported by restructuring savings.

Reuters

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