SEPTEMBER 29,2024

Top 25 analysis by company size: Revenue development and growth in the European paint and coatings industry News

2024-09-29 11:19

The European paint and coatings industry is characterized by a wide range of companies of different sizes, all playing significant roles in the market. A closer look at revenue development and growth reveals interesting differences based on company size. The analysis covers the correlation between company size and respective growth rates.


To provide a clear overview, the growth rates for various companies in the industry were examined. The table shows the 2023 revenue along with the percentage change:


Company Revenue 2023 (Mio. EUR) Change in %
Akzo Nobel 10,668 -1.64
BASF 4,390 4.03
Jotun 2,789 1.09
Hempel 2,351 8.89
DAW 1,238 0.08
Stahl 700 6.50
Beckers 613 -12.05
Brillux 558 5.28
Mankiewicz 478 8.14
CIN 395.1 1.57
Teknos 355 -10.80
Flügger 341 1.49
Meffert 329 11.53
IVM 320 1.59
Tiger 298.4 -8.75
Sto 293 0.69
Dyo Boya 261 8.75
Mipa 260 8.33
Remmers 223 -12.55
Grebe 218 -2.24
Briolf 215 28.74
M?der 195 1.56
Dold 180 -3.74
Frei Lacke 180 4.65
Sniezka 178 12.66

Revenue Changes by Company Size

To better understand the revenue changes among these companies, they have been categorized into three main groups:

  • Large companies (Revenue > 2,000 Mio. EUR)
  • Medium-sized companies (Revenue 500 – 2,000 Mio. EUR)
  • Small companies (Revenue < 500 Mio. EUR)

Large Companies

The largest companies in the industry, such as Akzo Nobel, BASF, Jotun, and Hempel, overall show solid growth, despite some individual declines:

  • Akzo Nobel: -1.64%
  • BASF: 4.03%
  • Jotun: 1.09%
  • Hempel: 8.89%

Average growth of large companies:
(?1,64+4,03+1,09+8,89)/4 = 3,59%

Medium-Sized Companies

Medium-sized companies display mixed performance. While some, like Mankiewicz (8.14%) and Stahl (6.50%), show growth, others, such as Beckers (-12.05%) and Teknos (-10.80%), have experienced revenue declines:

  • DAW: 0.08%
  • Stahl: 6.50%
  • Beckers: -12.05%
  • Brillux: 5.28%
  • Mankiewicz: 8.14%
  • CIN: 1.57%
  • Teknos: -10.80%
  • Flügger: 1.49%

Average growth of medium-sized companies:
(0,08+6,50?12,05+5,28+8,14+1,57?10,80+1,49)/8 = 0,27%

Small Companies

Interestingly, smaller companies performed best overall. Notably, companies like Meffert (11.53%), Briolf (28.74%), and Sniezka (12.66%) show strong growth:

  • Meffert: 11.53%
  • IVM: 1.59%
  • Tiger: -8.75%
  • Sto: 0.69%
  • Dyo Boya: 8.75%
  • Mipa: 8.33%
  • Remmers: -12.55%
  • Grebe: -2.24%
  • Briolf: 28.74%
  • M?der: 1.56%
  • Dold: -3.74%
  • Frei Lacke: 4.65%
  • Sniezka: 12.66%

Average growth of small companies: (11,53+1,59?8,75+0,69+8,75+8,33?12,55?2,24+28,74+1,56?3,74+4,65+12,66)/13 = 3,91%

Comparison of Growth Rates

The analysis shows that smaller companies, on average, exhibit the highest growth, followed by large companies. Medium-sized companies, on the other hand, experience relatively low growth:

  • Large companies: 3.59%
  • Medium-sized companies: 0.27%
  • Small companies: 3.91%

Conclusion

The correlation between company size and growth clearly indicates that smaller companies tend to grow faster than their larger and medium-sized counterparts. This could be due to their agility, innovation, and specialization, while larger companies may grow more steadily but at a slower pace. Medium-sized companies appear to face transitional challenges, such as competition and scaling issues.

These revenue changes provide valuable insights into the dynamics of the European paint and coatings industry, highlighting the need to closely monitor both market conditions and individual company strategies.

For further information on revenue development in the European paint and coatings industry, the following rankings are of interest:

  • Top 25 largest companies by revenue: This provides a detailed overview of the largest companies in the industry in Europe. The list offers insights into market developments and the positions of leading companies:
    Top 25 of the European Paint and Coatings Industry
  • Top 10 companies with the biggest changes in turnover: This analysis highlights the companies that have experienced the largest fluctuations in revenue. It offers an intriguing look at businesses undergoing significant transformations:
    Top 10 companies with the biggest changes in turnover
  • Top 3 countries with the most companies in the Top 25: This list focuses on the countries from which most of the top-revenue companies originate. It’s interesting for those wanting to understand the regional distribution of industry leaders in Europe:
    Top 3 countries with the most companies in the Top 25


Disclaimer:The Institute of Plastic Research makes every effort to ensure the accuracy of the information, reliability of the data, and objectivity and fairness of the content and viewpoints described herein. However, we do not guarantee the accuracy and completeness of the information. Any losses or legal consequences resulting from actions taken based on this information are the sole responsibility of the individual undertaking them.

Media Contact

Luke
Head of Info Center
Contact us via WhatsApp