Manufacturing (OEM) Coatings Market in the US by Market, Formulation and Substrate

As Quoted In PFFC Paper, Film & Foil Converter

Construction Activity and Durable Goods Output Drive Growth in Manufacturing Coatings Market

Automobiles Being Coated

US demand for manufacturing (OEM) coatings is forecast to advance 1.4 percent annually to 379 million gallons in 2020, valued at $10.5 billion. Gains will be fueled by advances in building construction activity and the production of durable goods such as furniture, machinery, and appliances. Additionally, healthy growth in nonresidential fixed investment spending will bolster demand for coatings used in the fabricated metal products and metal building components markets. However, a less than stellar motor vehicle production outlook, industry maturity, and more efficient coating processes will limit demand for manufacturing coatings in the US.

Key Findings in the Manufacturing (OEM) Coatings Study:

Envrionmentally Friendly Formulations Continue to Gain Market Share

Industry regulations have expedited the growth of waterborne, radiation curable, and powder coatings at the expense of solventborne formulations. Solvent-based manufacturing coatings have been the target of recent environmental restrictions due to the emissions of volatile organic compounds (VOCs) that these coatings produce. Water-based, radiation curable, and powder coatings allow for more environmentally friendly, low or zero-VOC product offerings. In addition, manufacturers and end-users have taken the initiative to limit the amount of VOC emissions in solventborne coatings.

Acquisitions are Among the Top Growth Strategies

In the past year, game changing acquisitions have taken place in the manufacturing coatings industry as major producers search for growth opportunities in a mature market. In March 2016, Sherwin-Williams agreed to acquire Valspar for $11.3 billion. Despite regulatory scrutiny, the deal is expected to be completed in early 2017 and will have a significant impact on the structure of the manufacturing coatings industry. Additionally, Akzo Nobel strengthened its position in the manufacturing coatings market by acquiring BASF’s industrial coatings business in early 2016.

Study Coverage

This Freedonia industry study analyzes the $8.8 billion US manufacturing (OEM) coatings industry. It presents historical demand data (2005, 2010, and 2015) and forecasts (2020 and 2025) by market (furniture and fixtures, motor vehicle (automotive OEM), metal building components, packaging, machinery, appliances, aerospace and other transportation equipment, fabricated metal products, and other manufacturing markets). The study also evaluates company market share and competitive analysis on industry competitors including PPG Industries, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, Akzo Nobel, and BASF.

Construction Activity and Durable Goods Output Drive Growth in Manufacturing Coatings Market

Automobiles Being Coated

US demand for manufacturing (OEM) coatings is forecast to advance 1.4 percent annually to 379 million gallons in 2020, valued at $10.5 billion. Gains will be fueled by advances in building construction activity and the production of durable goods such as furniture, machinery, and appliances. Additionally, healthy growth in nonresidential fixed investment spending will bolster demand for coatings used in the fabricated metal products and metal building components markets. However, a less than stellar motor vehicle production outlook, industry maturity, and more efficient coating processes will limit demand for manufacturing coatings in the US.

Key Findings in the Manufacturing (OEM) Coatings Study:

Envrionmentally Friendly Formulations Continue to Gain Market Share

Industry regulations have expedited the growth of waterborne, radiation curable, and powder coatings at the expense of solventborne formulations. Solvent-based manufacturing coatings have been the target of recent environmental restrictions due to the emissions of volatile organic compounds (VOCs) that these coatings produce. Water-based, radiation curable, and powder coatings allow for more environmentally friendly, low or zero-VOC product offerings. In addition, manufacturers and end-users have taken the initiative to limit the amount of VOC emissions in solventborne coatings.

Acquisitions are Among the Top Growth Strategies

In the past year, game changing acquisitions have taken place in the manufacturing coatings industry as major producers search for growth opportunities in a mature market. In March 2016, Sherwin-Williams agreed to acquire Valspar for $11.3 billion. Despite regulatory scrutiny, the deal is expected to be completed in early 2017 and will have a significant impact on the structure of the manufacturing coatings industry. Additionally, Akzo Nobel strengthened its position in the manufacturing coatings market by acquiring BASF’s industrial coatings business in early 2016.

Study Coverage

This Freedonia industry study analyzes the $8.8 billion US manufacturing (OEM) coatings industry. It presents historical demand data (2005, 2010, and 2015) and forecasts (2020 and 2025) by market (furniture and fixtures, motor vehicle (automotive OEM), metal building components, packaging, machinery, appliances, aerospace and other transportation equipment, fabricated metal products, and other manufacturing markets). The study also evaluates company market share and competitive analysis on industry competitors including PPG Industries, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, Akzo Nobel, and BASF.

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  1. Manufacturing (OEM) Coatings Market in the US by Market, Formulation and Substrate

    $4,900.00

    1. 1 INTRODUCTION

      $221.00

    2. 2 EXECUTIVE SUMMARY

      $280.00

      1. Table | MANUFACTURING (OEM) COATINGS DEMAND

    3. 3 MARKET ENVIRONMENT

      $2,452.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $366.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Outlook

        $410.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Manufacturing Outlook

        $465.00

        1. Table | MANUFACTURERS' SHIPMENTS

      5. 3.5 Construction Outlook

        $236.00

        1. Table | CONSTRUCTION EXPENDITURES

      6. 3.6 Raw Materials

        $240.00

        1. Table | RAW MATERIAL DEMAND IN MANUFACTURING COATINGS

        2. CHART II-1 RAW MATERIAL DEMAND IN MANUFACTURING COATINGS, 2005-2025

      7. 3.7 Environmental & Regulatory Considerations

        $518.00

        1. 3.7.1 Government Regulations

          $162.00

        2. 3.7.2 Volatile Organic Compounds

          $107.00

        3. 3.7.3 Pigments

          $106.00

      8. 3.8 Global Manufacturing Coatings Market Overview

        $144.00

        1. CHART II-2 GLOBAL DEMAND FOR MANUFACTURING COATINGS, 2005-2025

    4. 4 MANUFACTURING COATINGS OVERVIEW

      $1,780.00

      1. 4.1 Supply & Demand

        $82.00

        1. Table | MANUFACTURING COATINGS SUPPLY & DEMAND

      2. 4.2 Historical Market Trends

        $200.00

        1. Table | MANUFACTURING COATINGS MARKET, 2005-2015

        2. CHART III-1 MANUFACTURING COATINGS MARKET, 2005-2015

      3. 4.3 Formulations

        $564.00

        1. Table | MANUFACTURING COATINGS DEMAND BY FORMULATION

        2. CHART III-2 MANUFACTURING COATINGS DEMAND BY FORMULATION, 2005-2025

        3. 4.3.1 Water-Based

          $82.00

        4. 4.3.2 Solvent-Based

          $82.00

        5. 4.3.3 Powder Coatings

          $145.00

        6. 4.3.4 Radiation Curable

          $92.00

      4. 4.4 Substrates

        $245.00

        1. Table | MANUFACTURING COATINGS DEMAND BY SUBSTRATE

        2. CHART III-3 MANUFACTURING COATINGS DEMAND BY SUBSTRATE, 2005-2025

        3. 4.4.1 Metal

          $82.00

        4. 4.4.2 Wood

          $88.00

        5. 4.4.3 Plastic & Other

          $82.00

      5. 4.5 Pricing Trends

        $115.00

        1. Table | SELECTED MANUFACTURING COATINGS PRICES

      6. 4.6 Foreign Trade

        $577.00

        1. Table | US FOREIGN TRADE IN MANUFACTURING COATINGS

        2. 4.6.1 Imports

          $113.00

          1. Table | MANUFACTURING COATINGS IMPORTS BY SOURCE, 2010-2015

          2. CHART III-4 MANUFACTURING COATINGS IMPORTS BY SOURCE, 2010-2015

        3. 4.6.2 Exports

          $183.00

          1. Table | MANUFACTURING COATINGS EXPORTS BY DESTINATION, 2010-2015

          2. CHART III-5 MANUFACTURING COATINGS EXPORTS BY DESTINATION, 2010-2015

    5. 5 MANUFACTURING COATINGS MARKETS

      $4,931.00

      1. 5.1 General

        $188.00

        1. Table | MANUFACTURING COATINGS DEMAND BY MARKET

        2. CHART IV-1 MANUFACTURING COATINGS DEMAND BY MARKET, 2005-2025

      2. 5.2 Motor Vehicles

        $1,149.00

        1. 5.2.1 Motor Vehicle Production Outlook

          $315.00

          1. Table | MOTOR VEHICLE PRODUCTION

        2. 5.2.2 Coatings Demand

          $453.00

          1. Table | MOTOR VEHICLE OEM COATINGS DEMAND

          2. CHART IV-2 MOTOR VEHICLE OEM COATINGS DEMAND, 2005-2015

        3. 5.2.3 Suppliers

          $327.00

          1. Table | SELECTED MOTOR VEHICLE (OEM) COATINGS BRANDS

      3. 5.3 Furniture & Fixtures

        $676.00

        1. 5.3.1 Furniture Industry Outlook

          $137.00

          1. Table | FURNITURE SHIPMENTS

        2. 5.3.2 Coatings Demand

          $328.00

          1. Table | FURNITURE & FIXTURE COATINGS DEMAND

          2. CHART IV-3 FURNITURE & FIXTURES COATINGS DEMAND, 2005-2015

        3. 5.3.3 Suppliers

          $160.00

          1. Table | SELECTED FURNITURE & FIXTURES COATINGS BRANDS

      4. 5.4 Packaging

        $1,568.00

        1. 5.4.1 Packaging Industry Outlook

          $701.00

          1. Table | PACKAGING SHIPMENTS

        2. 5.4.2 Coatings Demand

          $598.00

          1. Table | PACKAGING COATINGS DEMAND

          2. CHART IV-4 PACKAGING COATINGS DEMAND, 2005-2015

          3. CHART IV-5 RIGID CONTAINER & CLOSURE COATINGS DEMAND, 2005-2015

          4. CHART IV-6 FLEXIBLE & PAPER PACKAGING COATINGS DEMAND, 2005-2015

        3. 5.4.3 Suppliers

          $207.00

          1. Table | SELECTED PACKAGING COATINGS BRANDS

      5. 5.5 Metal Building Components

        $574.00

        1. 5.5.1 Nonresidential Fixed Investment

          $241.00

          1. Table | NONRESIDENTIAL FIXED INVESTMENT ON STRUCTURES

        2. 5.5.2 Coatings Demand

          $169.00

          1. Table | METAL BUILDING COMPONENTS COATINGS DEMAND

          2. CHART IV-7 METAL BUILDING COMPONENTS COATINGS DEMAND, 2005-2015

        3. 5.5.3 Suppliers

          $100.00

          1. Table | SELECTED METAL BUILDING COMPONENTS COATINGS BRANDS

      6. 5.6 Machinery

        $492.00

        1. 5.6.1 Machinery Outlook

          $117.00

          1. Table | MACHINERY SHIPMENTS

        2. 5.6.2 Coatings Demand

          $175.00

          1. Table | MACHINERY COATINGS DEMAND

          2. CHART IV-8 MACHINERY COATINGS DEMAND, 2005-2015

        3. 5.6.3 Suppliers

          $137.00

          1. Table | SELECTED MACHINERY COATINGS BRANDS

      7. 5.7 Fabricated Metal Products

        $558.00

        1. 5.7.1 Fabricated Metal Products Outlook

          $169.00

          1. Table | FABRICATED METAL PRODUCTS SHIPMENTS

        2. 5.7.2 Coatings Demand

          $152.00

          1. Table | FABRICATED METAL PRODUCTS COATINGS DEMAND

          2. CHART IV-9 FABRICATED METAL PRODUCTS COATINGS DEMAND, 2005-2015

        3. 5.7.3 Suppliers

          $194.00

          1. Table | SELECTED FABRICATED METAL PRODUCTS COATINGS BRANDS

      8. 5.8 Aerospace & Other Transportation Equipment

        $1,048.00

        1. 5.8.1 Aerospace & Other Transportation Equipment Outlook

          $236.00

          1. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT SHIPMENTS

        2. 5.8.2 Coatings Demand

          $536.00

          1. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND

          2. CHART IV-10 AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND, 2005-2015

          3. CHART IV-11 AIRCRAFT & AEROSPACE EQUIPMENT COATINGS DEMAND, 2005-2015

          4. CHART IV-12 OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND, 2005-2015

        3. 5.8.3 Suppliers

          $213.00

          1. Table | SELECTED AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS BRANDS

      9. 5.9 Appliances

        $611.00

        1. 5.9.1 Appliance Industry Outlook

          $156.00

          1. Table | APPLIANCE SHIPMENTS BY TYPE

        2. 5.9.2 Coatings Demand

          $320.00

          1. Table | APPLIANCE COATINGS DEMAND BY APPLICATION & TYPE

          2. CHART IV-13 APPLIANCE COATINGS DEMAND, 2005-2015

        3. 5.9.3 Suppliers

          $82.00

          1. Table | SELECTED APPLIANCES COATINGS BRANDS

      10. 5.10 Other Manufacturing Markets

        $353.00

        1. Table | OTHER MANUFACTURING MARKETS COATINGS DEMAND

        2. CHART IV-14 OTHER MANUFACTURING MARKETS COATINGS DEMAND, 2005-2015

        3. Table | SELECTED COATINGS BRANDS FOR OTHER MANUFACTURING MARKETS

    6. 6 INDUSTRY STRUCTURE

      $1,784.00

      1. 6.1 General

        $144.00

      2. 6.2 Market Share

        $459.00

        1. Table | US MANUFACTURING COATINGS SALES BY COMPANY, 2015

        2. CHART V-1 US MANUFACTURING COATINGS MARKET SHARE, 2015

      3. 6.3 Acquisitions & Divestitures

        $299.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 6.4 Cooperative Agreements

        $148.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 6.5 Distribution

        $98.00

      6. 6.6 Competitive Strategies

        $202.00

      7. 6.7 Research & Development

        $269.00

      8. 6.8 Participating Companies

        $164.00

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