THAILANDSICThailand Standard Industrial Classification

TSIC Activity

47522

Retail sale of paints, varnishes and lacquers in specialized stores

ประกอบกิจการ ซื้อ-ขายสีรถยนต์ทุกชนิด

What this activity covers

Retail stores specialising in paints, varnishes, and related materials for construction and decoration.

  • Paint Retail — Selling various types of paints including oil and water-based
  • Varnish Retail — Selling different varnishes and lacquers
  • Construction Paints — Retail of paints specifically for construction purposes
  • Thinners and Solvents — Selling thinners, solvents, and varnish removers
  • Sealants and Grouting — Retail of sealants and grouting compounds

What companies here also do

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

  • Wholesale Paints — Selling paints in bulk to businesses
  • Painting Supplies — Retail of tools and equipment for painting
  • Construction Chemicals — Selling chemicals used in construction

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 47

Retail sale of goods of all kinds, where the aggregate minimum capital or the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority retailer is exempt from this List 3 item (no Foreign Business Licence needed) once registered capital meets the Act's minimum, typically THB 100 million in total and THB 20 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (14)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.

447
active companies operate here
฿1.2Bregistered capital, combined
฿8.7B
Sector revenue · 2025
-35% since 2023
฿43.3M
Net profit · 2025
269 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿14.5M Thai

Based on few new registrations this year — read as a rough signal only.

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

New in 2026

7+75.0%

registrations, YTD

Registered capital

฿1.2B+19.2%

since year-end

Largest by revenue

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

  1. 1Kasempongrat Co., Ltd.฿398.3M
  2. 2Fujikura Kasei (Thailand) Co., Ltd.intl฿348.4M
  3. 3Si Petch Bang Bon Co., Ltd.฿347.7M
  4. 4Rian Thong Industrial Co., Ltd.฿301.1M
  5. 5Tor Thongkham Co., Ltd.฿243.4M

Largest by registered capital

  1. 1Dewani Co., Ltd.Chachoengsao฿100.0M
  2. 2D-Happening Co., Ltd.Bangkok฿79.2M
  3. 3THAIFOO AUTOMOTIVE CO., LTD.Pathum Thani฿50.0M

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.

47
Registered
since 2022
44
Still active
3
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 16 in 20242026

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