Reference
·Primary source
TOA Paint Group revenue (2020-2024)
~THB 20-22B (2024)
TOA Paint (Thailand) Public Company Limited reported revenue of approximately THB 20-22 billion in FY2024, retaining the dominant share of Thailand's decorative paints segment alongside material franchises in wood coatings, heavy-duty industrial coatings, and construction chemicals. Revenue recovered from the 2020 COVID trough on residential renovation demand and EEC industrial coatings, with the group expanding into Vietnam, Cambodia, Laos, Myanmar, and Indonesia. TOA Paint's market capitalisation sat near USD 743 million on SET as of early 2025. The company is the only Thai-listed pure-play paints and coatings name and is a key indicator of downstream specialty demand.
Figure in context
TOA Paint (Thailand) Public Company Limited reported revenue of approximately THB 20-22 billion in FY2024, retaining the dominant share of Thailand's decorative paints segment alongside material franchises in wood coatings, heavy-duty industrial coatings, and construction chemicals. Revenue recovered from the 2020 COVID trough on residential renovation demand and EEC industrial coatings, with the group expanding into Vietnam, Cambodia, Laos, Myanmar, and Indonesia. TOA Paint's market capitalisation sat near USD 743 million on SET as of early 2025. The company is the only Thai-listed pure-play paints and coatings name and is a key indicator of downstream specialty demand.
Interpretation notes
What this tells you
TOA Paint (Thailand) Public Company Limited reported revenue of approximately THB 20-22 billion in FY2024, retaining the dominant share of Thailand's decorative paints segment alongside material franchises in wood coatings, heavy-duty industrial coatings, and construction chemicals. Revenue recovered from the 2020 COVID trough on residential renovation demand and EEC industrial coatings, with the group expanding into Vietnam, Cambodia, Laos, Myanmar, and Indonesia. TOA Paint's market capitalisation sat near USD 743 million on SET as of early 2025. The company is the only Thai-listed pure-play paints and coatings name and is a key indicator of downstream specialty demand.
What not to do with it
Values in THB billions. Consolidated group revenue inclusive of Thailand and ASEAN subsidiaries.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand specialty chemicals revenue (2020-2024)
Federation of Thai Industries Chemical Industry Club; PTTGC, SCGC, TOA Paint, IRPC annual filings
Thailand HS 38 & 39 chemical imports (2020-2024)
Thai Customs Department; Ministry of Commerce trade statistics; UN Comtrade HS 38 and HS 39 series
Top operator share of Thailand specialty chemicals (2024)
PTTGC, SCGC, TOA Paint, IRPC, HMC Polymers annual reports; Federation of Thai Industries Chemical Industry Club
Specialty chemicals end-use mix (2024)
Federation of Thai Industries Chemical Industry Club; PTTGC, SCGC, TOA Paint segment disclosures; Plastics Institute of Thailand
Thai specialty chemical capacity registered under EU REACH
European Chemicals Agency, SCGC, IRPC operator disclosures
EEC chemical-priority project value (committed 2022-2025)
Eastern Economic Corridor Office; Thailand Board of Investment quarterly statistics; BOI promotional certificate database
Report context
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