Paint & Coatings

As Quoted In Hydrocarbon Processing

Although paint and coating price increases are expected moderate through 2015, volume growth will be fueled by renewed strength in manufacturing and construction activity.

US demand to rise 7.8% annually through 2015

US demand for paint and coatings is forecast to increase 7.8 percent annually to $26.2 billion in 2015. The market is expected to expand strongly in both volume and value terms, rebounding from the declines of the recessionimpacted 2005-2010 period. During this time, construction spending and manufactured goods output both fell, reducing coatings demand in the key architectural and manufacturing markets. More significant declines in market value were prevented by accelerating growth in product pricing over the period. Although price increases are expected to moderate through 2015, renewed strength in manufacturing and construction activity will fuel volume growth.

Large architectural market to be fastest growing

The large architectural market will advance at an impressive annual rate of 10.8 percent through 2015, reaching more than $14 billion. Demand will be promoted by renewed strength in the housing market, particularly as home building activity rebounds from low 2010 levels. The interior component of the architectural paint market will remain larger and grow faster than its exterior counterpart. The latter will continue to be negatively affected by the introduction of more efficient products that reduce coatings requirements on a volume basis and the growing popularity of siding materials (e.g., vinyl) that do not need painting. On the bright side, the rising use of fiber cement will support demand for exterior paint. Unlike vinyl, fiber cement siding can be painted. To the extent that fiber cement displaces vinyl siding, this trend will provide opportunities for exterior paint demand.

Sales of paint and coatings in manufacturing markets will expand at a respectable rate through 2015, reversing the downward trend of the 2000-2010 period. Among the various market segments, furniture and fixtures will enjoy one of the best growth prospects, and will remain the leading outlet for coatings over the forecast period. However, the motor vehicle sector will post more rapid gains, recapturing its position as the second largest outlet for coatings among manufacturing markets. Although demand will benefit from strong growth in motor vehicle output, this will be offset to some extent by a move toward smaller, more fuel-efficient automobiles at the expense of larger vehicles such as sport utility vehicles.

Maintenance and specialty coatings will remain the smallest market through 2015. Key outlets include industrial maintenance, and road and bridge markets. Both are expected to advance at above-average rates, promoted by increased nonresidential improvement and repair activity and by greater spending directed toward the maintenance of the aging US infrastructure.

Study Scope

This study analyzes the $18 billion US paint and coating industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by market (e.g., architectural, manufacturing, maintenance and specialty coatings), formulation (water-based, solvent-based, powder coatings) and substrate.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry players, including Sherwin-Williams, PPG Industries and Akzo Nobel.

Back to Top

Purchase Paint & Coatings by the Section

  1. Paint & Coatings

    $4,900.00

    1. 1 INTRODUCTION

      $82.00

    2. 2 EXECUTIVE SUMMARY

      $117.00

      1. Table | PAINT & COATINGS SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,991.00

      1. 3.1 General

        $85.00

      2. 3.2 Macroeconomic Outlook

        $155.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)*

      3. 3.3 Demographic Outlook

        $147.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Personal Consumption Expenditures

        $94.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)

      5. 3.5 Manufacturing Outlook

        $123.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Construction Outlook

        $111.00

        1. Table | CONSTRUCTION EXPENDITURES (billion 2005 dollars)

      7. 3.7 Building Construction Expenditures

        $643.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        2. 3.7.1 Residential Building Construction

          $443.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

          2. Table | NEW HOUSING INDICATORS

          3. Table | HOUSING STOCK BY TYPE (million units)

          4. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)

        3. 3.7.2 Nonresidential Building Construction

          $105.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)

      8. 3.8 Siding Trends

        $99.00

        1. Table | SIDING DEMAND BY MATERIAL (million squares)

      9. 3.9 Raw Materials

        $82.00

        1. Table | RAW MATERIAL DEMAND IN PAINT & COATINGS (million pounds)

      10. 3.10 Environmental & Regulatory Considerations

        $387.00

        1. 3.10.1 Volatile Organic Compounds

          $82.00

        2. 3.10.2 Pigments

          $82.00

        3. 3.10.3 Solid Waste Recycling

          $82.00

        4. 3.10.4 Paint Industry Regulations

          $96.00

      11. 3.11 World Paint & Coatings Demand

        $82.00

    4. 4 OVERVIEW

      $806.00

      1. 4.1 Supply & Demand

        $84.00

        1. Table | PAINT & COATINGS SUPPLY & DEMAND (million dollars)

      2. 4.2 Historical Market Trends

        $82.00

        1. Table | PAINT & COATINGS MARKET, 2000-2010

      3. 4.3 Formulations

        $222.00

        1. Table | PAINT & COATINGS DEMAND BY FORMULATION (million gallons)

        2. 4.3.1 Water-Based

          $82.00

        3. 4.3.2 Solvent-Based

          $82.00

        4. 4.3.3 Powder Coatings

          $82.00

        5. 4.3.4 Other

          $82.00

      4. 4.4 Substrates

        $96.00

        1. Table | PAINT & COATINGS DEMAND BY SUBSTRATE (million gallons)

      5. 4.5 Pricing Trends

        $110.00

        1. Table | PAINT & COATINGS PRICES (dollars per gallon)

      6. 4.6 Foreign Trade

        $237.00

        1. Table | US FOREIGN TRADE IN PAINT & COATINGS (million gallons)

        2. 4.6.1 Imports

          $82.00

          1. Table | PAINT & COATINGS IMPORTS BY SOURCE, 2005-2010 (million gallons)

        3. 4.6.2 Exports

          $82.00

          1. Table | PAINT & COATINGS EXPORTS BY DESTINATION, 2005-2010 (million gallons)

    5. 5 ARCHITECTURAL MARKETS

      $965.00

      1. 5.1 Supply & Demand

        $82.00

        1. Table | ARCHITECTURAL PAINT SUPPLY & DEMAND

      2. 5.2 Historical Market Trends

        $82.00

        1. Table | ARCHITECTURAL PAINT MARKET, 2000-2010

      3. 5.3 Markets

        $422.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY MARKET (million gallons)

        2. 5.3.1 Residential Building Construction

          $293.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)

          2. Table | NEW RESIDENTIAL CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)

          3. Table | RESIDENTIAL IMPROVEMENT & REPAIR MARKETS FOR ARCHITECTURAL PAINT (million gallons)

        3. 5.3.2 Nonresidential Building Construction

          $82.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)

      4. 5.4 Applications & End Users

        $265.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY APPLICATION & END USER (million gallons)

        2. 5.4.1 Interior

          $82.00

          1. Table | INTERIOR ARCHITECTURAL PAINT DEMAND (million gallons)

        3. 5.4.2 Exterior

          $100.00

          1. Table | EXTERIOR ARCHITECTURAL PAINT DEMAND (million gallons)

      5. 5.5 Formulations

        $165.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY FORMULATION (million gallons)

        2. 5.5.1 Water-Based

          $82.00

        3. 5.5.2 Solvent-Based

          $82.00

    6. 6 MANUFACTURING MARKETS

      $2,512.00

      1. 6.1 Supply & Demand

        $82.00

        1. Table | MANUFACTURING COATINGS SUPPLY & DEMAND

      2. 6.2 Historical Market Trends

        $82.00

        1. Table | MANUFACTURING COATINGS MARKET, 2000-2010

      3. 6.3 Markets

        $2,300.00

        1. Table | MANUFACTURING COATINGS DEMAND BY MARKET (million gallons)

        2. 6.3.1 Furniture & Fixtures

          $279.00

          1. Table | FURNITURE SHIPMENTS (billion 2005 dollars)

          2. Table | FURNITURE & FIXTURE COATINGS DEMAND (million gallons)

        3. 6.3.2 Packaging

          $430.00

          1. Table | PACKAGING SUPPLY & DEMAND (billion dollars)

          2. Table | PACKAGING COATINGS DEMAND (million gallons)

          3. Table | RIGID CONTAINER & CLOSURE COATINGS DEMAND

          4. Table | FLEXIBLE & PAPER PACKAGING COATINGS DEMAND

        4. 6.3.3 Motor Vehicles

          $342.00

          1. Table | MOTOR VEHICLE PRODUCTION (thousand units)

          2. Table | MOTOR VEHICLE COATINGS DEMAND (million gallons)

        5. 6.3.4 Metal Building Components

          $135.00

          1. Table | NONRESIDENTIAL FIXED INVESTMENT ON STRUCTURES (billion 2005 dollars)

          2. Table | METAL BUILDING COMPONENT COATINGS DEMAND (million gallons)

        6. 6.3.5 Machinery

          $170.00

          1. Table | MACHINERY SHIPMENTS (billion 2005 dollars)

          2. Table | MACHINERY COATINGS DEMAND (million gallons)

        7. 6.3.6 Appliances

          $194.00

          1. Table | APPLIANCE SHIPMENTS BY TYPE (million units)

          2. Table | APPLIANCE COATINGS DEMAND

        8. 6.3.7 Lawn & Garden Equipment

          $119.00

          1. Table | POWER LAWN & GARDEN EQUIPMENT SHIPMENTS

          2. Table | LAWN & GARDEN EQUIPMENT COATINGS DEMAND (million gallons)

        9. 6.3.8 Aerospace & Other Transportation Equipment

          $314.00

          1. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT SHIPMENTS* (billion 2005 dollars)

          2. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND (million gallons)

        10. 6.3.9 Flooring

          $149.00

          1. Table | HARD SURFACE FLOORING SHIPMENTS (million square feet)

          2. Table | FLOORING COATINGS DEMAND

        11. 6.3.10 Other Manufacturing Markets

          $84.00

          1. Table | OTHER MANUFACTURING MARKETS FOR COATINGS (million gallons)

      4. 6.4 Formulations

        $92.00

        1. Table | MANUFACTURING COATINGS DEMAND BY FORMULATION (million gallons)

    7. 7 MAINTENANCE & SPECIALTY COATINGS

      $1,462.00

      1. 7.1 Supply & Demand

        $82.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS SUPPLY & DEMAND

      2. 7.2 Historical Market Trends

        $82.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS MARKET, 2000-2010

      3. 7.3 Markets

        $1,300.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS DEMAND BY MARKET (million gallons)

        2. 7.3.1 Industrial Maintenance

          $298.00

          1. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)

          2. Table | INDUSTRIAL MAINTENANCE COATINGS DEMAND

        3. 7.3.2 Automotive Refinishing

          $323.00

          1. Table | MOTOR VEHICLE PARK (million units)

          2. Table | AUTOMOTIVE REFINISH COATINGS DEMAND (million gallons)

        4. 7.3.3 Roads & Bridges

          $277.00

          1. Table | HIGHWAY & STREET EXPENDITURES (billion 2005 dollars)

          2. Table | ROAD & BRIDGE COATINGS DEMAND

        5. 7.3.4 Marine Equipment

          $246.00

          1. Table | MARINE EQUIPMENT SHIPMENTS (billion 2005 dollars)

          2. Table | MARINE COATINGS DEMAND (million gallons)

        6. 7.3.5 Other

          $82.00

          1. Table | OTHER MAINTENANCE & SPECIALTY COATINGS DEMAND (million gallons)

      4. 7.4 Formulations

        $82.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS DEMAND BY FORMULATION (million gallons)

    8. 8 INDUSTRY STRUCTURE

      $4,931.00

      1. 8.1 General

        $82.00

      2. 8.2 Industry Composition

        $311.00

        1. Table | US PAINT & COATINGS SALES BY COMPANY, 2010 (million dollars)

        2. 8.2.1 Architectural & Decorative Paint

          $110.00

        3. 8.2.2 Industrial Coatings

          $110.00

      3. 8.3 Acquisitions & Divestitures

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 8.4 Cooperative Agreements

        $90.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 8.5 Distribution

        $104.00

      6. 8.6 Competitive Strategies

        $103.00

      7. 8.7 Research & Development

        $94.00

      8. 8.8 Company Profiles

        $4,931.00

        1. 8.8.1 Ace Hardware Corporation

          $123.00

        2. 8.8.2 Akzo Nobel NV

          $347.00

        3. 8.8.3 BASF SE

          $93.00

        4. 8.8.4 Berkshire Hathaway Incorporated

          $252.00

        5. 8.8.5 Consorcio Comex SA de CV

          $199.00

        6. 8.8.6 Diamond Vogel Paints

          $224.00

        7. 8.8.7 Dow Chemical Company

          $82.00

        8. 8.8.8 Dunn-Edwards Corporation

          $165.00

        9. 8.8.9 DuPont (EI) de Nemours

          $134.00

        10. 8.8.10 EMS-Chemie Holding AG

          $82.00

        11. 8.8.11 Ennis Paint Incorporated

          $85.00

        12. 8.8.12 Ferro Corporation

          $82.00

        13. 8.8.13 Fujikura Kasei Company Limited

          $115.00

        14. 8.8.14 Fuller (HB) Company

          $82.00

        15. 8.8.15 Jones-Blair Company

          $103.00

        16. 8.8.16 Kelly-Moore Paint Company Incorporated

          $86.00

        17. 8.8.17 LORD Corporation

          $82.00

        18. 8.8.18 Masco Corporation

          $160.00

        19. 8.8.19 Nippon Paint Company Limited

          $109.00

        20. 8.8.20 NOF Corporation

          $82.00

        21. 8.8.21 PPG Industries Incorporated

          $292.00

        22. 8.8.22 Quest Specialty Chemicals Incorporated

          $153.00

        23. 8.8.23 RPM International Incorporated

          $435.00

        24. 8.8.24 Sherwin-Williams Company

          $366.00

        25. 8.8.25 Spraylat Corporation

          $123.00

        26. 8.8.26 Tennant Company

          $82.00

        27. 8.8.27 3M Company

          $93.00

        28. 8.8.28 TIGER Coatings GmbH & Company KG

          $82.00

        29. 8.8.29 Tnemec Company Incorporated

          $136.00

        30. 8.8.30 True Value Company

          $82.00

        31. 8.8.31 US Paint Corporation

          $82.00

        32. 8.8.32 Valspar Corporation

          $255.00

        33. 8.8.33 Vista Paint Corporation

          $138.00

        34. 8.8.34 Yenkin-Majestic Paint Corporation

          $104.00

Back to Top