On 18 May, 2015, the
Coatings Industry published the Top 50 Chinese Coating Enterprises List.
Accordingly, there is still a wide gap between domestic enterprises and foreign
ones from the perspectives of operation scale and market shares. Besides, from
the perspective of location, coating enterprises in Guangdong Province and
Shanghai Municipalily account for the major market shares in the domestic
market.
On 18 May, 2015, the Coatings Industry, China’s first financial and economic
medium magazine of the coating industry, published the Top 50 Chinese Coating
Enterprises List according to coating enterprises’ revenues in financial year
of 2014. This is the first publicity of the top 50 list. It helps coating
enterprises and its upstream and downstream enterprises from home and abroad
know more about the development status, regional advantages and investment
environment of the Chinese coating industry and help these top 50 enterprises
become more famous inside the industry.
From the perspective of revenue
There is still a wide gap between domestic enterprises and foreign ones and the
concentration of the Chinese coating industry needs to be improved.
According to data from the National Bureau of Statistics of the People’s
Republic of China, in 2014, the total revenue from the Chinese coating industry
hit USD63.23 billion (RMB386.76 billion), increasing by 11.90% year on year.
The revenue from the top 50 enterprises reached USD17.66 billion (RMB108
billion), merely accounting for 27.93% of the total; the revenue from the top
10 enterprises was USD9.06 billion (RMB55.41 billion), accounting for 51.30% of
the total revenue from the top 50 enterprises and 14.33% of the total revenue
from the whole industry; the revenue from domestic private brand enterprises
(34, Hong Kong and Taiwan included ) in the list was USD7.39 billion (RMB45.18
billion), 41.83% of the total in the list and 11.68% of the total of the whole
industry; revenue from the rest enterprises (16, foreign-funded enterprises)
accounted for as high as 58.18% of the total in the list.
Comparison of domestic enterprises and
foreigh-funded ones in the list of top 50 coating enterprises
|
Enterprise
|
Quantity
|
Total revenue, billion USD
|
Proportion
|
Average revenue, million USD
|
|
Domestic
|
34
|
7.39
|
41.83%
|
216.77
|
|
Foreign-funded
|
16
|
10.27
|
58.17%
|
641.94
|
Source: Coatings Industry
Revenue of top 10 Chinese coating
enterprises in 2014
|
No.
|
Enterprise
|
Revenue, million USD
|
Proportion to the total of the top 50
|
|
1
|
Nippon Paint (China) Co., Ltd.
|
2,204.69
|
12.45%
|
|
2
|
AkzoNobel (China) Investment Co., Ltd.
|
1,846.48
|
10.43%
|
|
3
|
PPG Management (Shanghai) Co., Ltd.
|
1,564.95
|
8.84%
|
|
4
|
BASF Shanghai Coating Co., Ltd.
|
553.58
|
3.13%
|
|
5
|
Valspar (Shanghai) Enterprise Management
Co., Ltd.
|
533.64
|
3.01%
|
|
6
|
Carpoly Chemical Group Co., Ltd.
|
518.27
|
2.94%
|
|
7
|
Jotun Paint (China) Co., Ltd.
|
494.73
|
2.80%
|
|
8
|
Axalta Coating Systems (Shanghai) Co.,
Ltd.
|
480.01
|
2.72%
|
|
9
|
Hunan Xiangjiang Paint Group Co., Ltd.
|
439.31
|
2.49%
|
|
10
|
Shanghai Huayi Fine Chemical Co., Ltd.
|
423.77
|
2.40%
|
Source: Coatings Industry
From the perspective of operation scale
Operation scales of the top 50 enterprises differ a lot. Among the top 50
enterprises, only 2 had a revenue of over USD1.63 billion (RMB10 billion); they
are Nippon Paint (China) Co., Ltd. and AkzoNobel (China) Investment Co., Ltd.;
5 enterprises had a revenue between USD490.48 million (RMB3 billion) and
USD1.63 billion (RMB10 billion); 26 enterprises had a revenue between USD163.49
million (RMB1 billion) and USD326.98 million (RMB2 billion).
Revenue division of top 50 coating enterprises in 2014
|
Item
|
Over RMB10 billion (USD1.63 billion)
|
RMB3 billion-RMB10 billion (USD490.48
million-USD1.63 billion)
|
RMB2 billion-RMB3 billion (USD326.98
million-USD490.48 million)
|
RMB1 billion-RMB2 billion (USD163.49
million-USD326.98 million)
|
RMB600 million-RMB1 billion (USD98.10
million-USD163.49 million)
|
|
Quantity of enterprises
|
2
|
5
|
6
|
26
|
11
|
|
Accumulated revenue, billion USD
|
4.05
|
3.67
|
2.48
|
5.99
|
1.48
|
Source: Coatings Industry
From the perspective of location
The geographical distribution of the top 50
enterprises is uneven. Guangdong Province and Shanghai are two main areas where
scaled coating enterprises are concentrated.
Among the top 50 enterprises, 16 are in Guangdong Province, 15 in Shanghai, 3
in Beijing, Hunan Province and Liaoning Province respectively, 2 in Anhui
Province and Tianjin Respectively, 1 in Shandong, Hebei, Fujian, Hebei, Jiangsu
and Zhejiang provinces respectively. Thereinto, the accumulated revenue of the
16 enterprises in Guangdong Province reached USD3.45 billion (RMB21.13
billion), accounting for 19.57% of the total; that of the 15 enterprises in
Shanghai hit USD10.04 billion (RMB61.43 billion), 56.88% of the total.
Geographical distribution of the top 50
coating enterprises
|
Region
|
Quantity
|
Accumulated revenue, million USD
|
Proportion
|
Average revenue, million USD
|
|
Guangdong Province
|
16
|
3,454.92
|
19.57%
|
215.94
|
|
Shanghai Municipality
|
15
|
10,043.49
|
56.87%
|
669.57
|
|
Beijing Municipality
|
3
|
742.91
|
4.21%
|
247.69
|
|
Hunan Province
|
3
|
698.44
|
3.96%
|
232.81
|
|
Liaoning Province
|
3
|
632.22
|
3.58%
|
210.74
|
|
Anhui Province
|
2
|
579.74
|
3.28%
|
289.87
|
|
Tianjin Province
|
2
|
312.60
|
1.77%
|
156.30
|
|
Shandong Province
|
1
|
249.00
|
1.41%
|
249.00
|
|
Hebei Province
|
1
|
214.99
|
1.22%
|
215.00
|
|
Fujian Province
|
1
|
197.01
|
1.12%
|
197.01
|
|
Hubei Province
|
1
|
192.27
|
1.09%
|
192.27
|
|
Jiangsu Province
|
1
|
188.83
|
1.69%
|
188.83
|
|
Zhejiang Province
|
1
|
150.41
|
0.80%
|
150.41
|
|
Total
|
50
|
17,658.30
|
100%
|
353.17
|
Source: Coatings Industry
The release of the top 50 coating enterprises displays the economy achievements
made by the Chinese coating industry. Besides, it helps insiders from home and
abroad to understand the development pattern of the industry and to know more
about the industry and companies.
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