5 Biggest Paint Companies in the World

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1. PPG Industries, Inc. (NYSE:PPG)

2021 Paint and Coatings Sales: $16.8 billion

PPG Industries, Inc. (NYSE:PPG) is a Pittsburgh, Pennsylvania-based paints, coatings, and specialty materials company founded in 1883.

Aleksey Yefremov at KeyBanc increased the price target on PPG Industries, Inc. (NYSE:PPG) from $125 to $144 and reiterated an Overweight rating on the stock in a note issued to investors on January 12. The analyst increased the target price to incorporate the impact of higher multiple assumptions. The Fortune 200 company has a headcount of around 50,000 people and is considered a defensive entity in the paint and coatings industry, given its scale of business. This means that PPG Industries, Inc. (NYSE:PPG) is not heavily impacted by the cyclical developments of the industry.

Here’s what ClearBridge Investments said about PPG Industries, Inc. (NYSE:PPG) in its Q4 2021 investor letter:

“To help better navigate an inflationary environment, we added to PPG Industries, a high-quality cyclical coatings company we find attractively valued. The company has implemented aggressive pricing to offset raw material inflation, and should also benefit from the recovery in miles driven and air travel, which should support its most profitable segments, aerospace and automotive refinish coatings.”

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