THAILANDSICThailand Standard Industrial Classification

TSIC Activity

43303

Painting

ประกอบกิจการรับเหมาทาสีอาคาร งานเคลือบผิวพื้นและผนัง งานทาสีกันสนิม งานทาสีโครงสร้างเหล็ก งานทาสีภายในและภายนอกอาคารทุกชนิด

What this activity covers

Companies in this sector specialise in painting services for buildings and constructions, both interior and exterior.

  • Interior painting — Painting services within buildings
  • Exterior painting — Painting services on building exteriors
  • Building painting — General painting services for various buildings
  • Industrial floor coating — Specialised painting for industrial floors
  • Surface coating — Coating surfaces for protection and aesthetics
  • Rust-proofing — Applying protective coatings to prevent rust
  • Structural painting — Painting services for structural elements

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 43

Construction, except construction of infrastructure providing basic public services in public utilities or transport that requires special apparatus, machinery, technology or expertise, and except other categories prescribed in ministerial regulations

The infrastructure carve-out is subject to a minimum foreign capital requirement, subject to capital thresholds, verify current figures.

FBA B.E. 2542, List 3 (10)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

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

360
active companies operate here
฿1.3Bregistered capital, combined
฿2.4B
Sector revenue · 2025
-17% since 2023
฿121.5M
Net profit · 2025
155 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
8%of new registered capital is foreign-held
฿1.0M foreign฿11.7M Thai

Largely domestic, with some foreign investment.

New in 2026

14-17.6%

registrations, YTD

Registered capital

฿1.3B+7.5%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Lutai Construction Decoration Co., Ltd.฿167.1M
  2. 2Rung Ruang Nam Co., Ltd.฿113.4M
  3. 3High Flux PFP Co., Ltd.฿74.6M
  4. 4Sinprotech Co., Ltd.฿59.0M
  5. 5S. Sawasdee Service Co., Ltd.฿52.8M

Largest by registered capital

  1. 1British Paints Co., Ltd.Samut Prakan฿375.0M
  2. 2Krungthai Rung Charoen Co., Ltd.Bangkok฿80.0M
  3. 3North Ternly Co., Ltd.Chiang Rai฿60.0M

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.

105
Registered
since 2022
98
Still active
7
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 27 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.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand