THAILANDSICThailand Standard Industrial Classification

TSIC Activity

20221

Manufacture of paints, varnishes and similar coatings and mastics

ประกอบกิจการโรงงานผลิตสี ทินเนอร์ แลคเกอร์ น้ำยาลอกสี น้ำยาฟอกสี น้ำยาขัดเงาสี น้ำมันวานิช น้ำเคลือบผิววัสดุ และเคมีภัณฑ์ทุกชนิดทุกประเภท

What this activity covers

This activity involves the manufacture of various types of paints, coatings, and related substances.

  • Paint Manufacturing — Production of oil, plastic, and water-based paints
  • Varnish Production — Manufacture of varnishes and lacquers
  • Powder Paints — Creation of powder paints and ready-made dyes
  • Surface Coatings — Manufacture of coatings for metal surfaces
  • Grouting Compounds — Production of compounds for filling grooves
  • Thinners and Solvents — Manufacture of solvent mixtures and paint thinners
  • Road Marking Paints — Production of paint for road surfaces and markings

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Construction Chemicals — Production and sale of construction-related chemical products
  • Mixing Equipment — Manufacture and sale of paint mixing equipment
  • Adhesives Production — Production and sale of adhesives alongside paints

Not included here

  • Production of dyes and pigments. See activity 20112.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

376
active companies operate here
฿18.7Bregistered capital, combined
฿82.7B
Sector revenue · 2025
-3% since 2023
฿5.4B
Net profit · 2025
214 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
64%of new registered capital is foreign-held
฿25.0M foreign฿14.0M Thai

Foreigners are strongly represented in new investment under this activity.

4 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

12+9.1%

registrations, YTD

Registered capital

฿18.7B+15.2%

since year-end

Largest by registered capital

  1. 1Delta Color Public Company LimitedBangkok฿2.1B
  2. 2TOA Paint (Thailand) Public Company LimitedintlSamut Prakan฿2.0B
  3. 3Bayer Co., Ltd.Bangkok฿2.0B

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

53
Registered
since 2022
51
Still active
2
Dissolved
฿2.0M
Median capital
of active

New registrations per year

2022peak 13 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

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