Paint & Coatings

Advances in demand will be driven by a strong rebound in construction activity through 2017, which will propel demand for architectural paint as well as metal building component coatings.

US demand to rise 4.2% annually through 2017

US demand for paint and coatings is forecast to rise 4.2 percent annually to 1.5 billion gallons in 2017, valued at $30.6 billion. This will be a notable improvement over the volume declines recorded during the 2007-2012 period, supported by an improving economic outlook and increased consumer confidence. In particular, advances will be driven by a strong rebound in construction activity, which will propel demand for architectural paint as well as metal building component coatings. Advances in the manufacturing sector will be supported by renewed growth in durable goods output as rising consumer spending generates greater opportunities for coatings used in the production of bigticket items such as motor vehicles and furniture.

Residential architectural paint to see good growth

The architectural market is the leading outlet for paint and coatings and will grow at an above-average pace through the forecast period. The residential segment will offer the best opportunities for growth, as the country recovers from the housing crisis that greatly reduced demand for residential architectural paint, particularly for new housing. Demand for interior paint will grow faster than demand for exterior paint. Increasing environmental awareness and greater consumer concern regarding indoor air quality will spur demand for low- or no-volatile organic compound (VOC) products, especially those that are marketed as having low odor or being odor-free. In exterior applications, coatings demand will continue to be restricted by the popularity of siding materials (e.g., vinyl) that do not need painting. However, the growing use of fiber cement siding will provide some support, as this substrate -- unlike vinyl -- can be painted.

Metal buildings, furniture among best prospects in manufacturing markets

Paint and coatings demand in manufacturing markets is expected to expand at a healthy pace through 2017. The metal building components segment is projected to achieve particularly rapid gains, promoted by the increased utilization of prefabricated metal building systems in nonresidential construction applications due to the functionality and labor cost savings these systems provide. Furniture coatings will also account for a sizable share of new demand between 2012 and 2017, benefiting from rapid gains in new housing completions, which will boost demand for home furnishings. The outlook for motor vehicle coatings will be positively impacted by improving economic conditions and rising consumer confidence, which will propel vehicle demand, in turn boosting production rates and creating opportunities for automotive coatings.

Study Scope

This study analyzes the 1.2 billion gallon US paint and coatings industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by market (e.g., architectural, manufacturing, maintenance and specialty), formulation (water-based, solvent-based) and substrate.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 33 industry players such as Sherwin-Williams, PPG Industries and Valspar.

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Purchase Paint & Coatings by the Section

  1. Paint & Coatings

    $5,100.00

    1. 1 INTRODUCTION

      $82.00

    2. 2 EXECUTIVE SUMMARY

      $119.00

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

    3. 3 MARKET ENVIRONMENT

      $1,959.00

      1. 3.1 General

        $90.00

      2. 3.2 Macroeconomic Outlook

        $130.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Outlook

        $155.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Personal Consumption Expenditures

        $104.00

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

      5. 3.5 Manufacturing Outlook

        $124.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Construction Outlook

        $82.00

        1. Table | CONSTRUCTION EXPENDITURES (billion 2005 dollars)

      7. 3.7 Building Construction Expenditures

        $575.00

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

        2. 3.7.1 Residential Building Construction

          $413.00

          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

          $93.00

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

      8. 3.8 Siding Trends

        $106.00

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

      9. 3.9 Raw Materials

        $96.00

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

      10. 3.10 Environmental & Regulatory Considerations

        $428.00

        1. 3.10.1 Paint Industry Regulations

          $97.00

        2. 3.10.2 Volatile Organic Compounds

          $82.00

        3. 3.10.3 Pigments

          $82.00

        4. 3.10.4 Solid Waste Recycling

          $88.00

      11. 3.11 World Paint & Coatings Demand

        $82.00

    4. 4 OVERVIEW

      $892.00

      1. 4.1 Supply & Demand

        $93.00

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

      2. 4.2 Historical Market Trends

        $82.00

        1. Table | PAINT & COATINGS DEMAND, 2002-2012

      3. 4.3 Formulations

        $247.00

        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

        $119.00

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

      5. 4.5 Pricing Trends

        $102.00

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

      6. 4.6 Foreign Trade

        $254.00

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

        2. 4.6.1 Imports

          $82.00

          1. Table | PAINT & COATINGS IMPORTS BY SOURCE, 2007-2012 (million gallons)

        3. 4.6.2 Exports

          $82.00

          1. Table | PAINT & COATINGS EXPORTS BY DESTINATION, 2007-2012 (million gallons)

    5. 5 ARCHITECTURAL MARKETS

      $1,141.00

      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 DEMAND, 2002-2012

      3. 5.3 Markets

        $461.00

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

        2. 5.3.1 Residential Building Construction

          $308.00

          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

        $383.00

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

        2. 5.4.1 Interior

          $145.00

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

        3. 5.4.2 Exterior

          $135.00

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

      5. 5.5 Formulations

        $175.00

        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

      $2,721.00

      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 DEMAND, 2002-2012

      3. 6.3 Markets

        $2,502.00

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

        2. 6.3.1 Furniture & Fixtures

          $239.00

          1. Table | FURNITURE SHIPMENTS (billion 2005 dollars)

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

        3. 6.3.2 Motor Vehicles

          $419.00

          1. Table | MOTOR VEHICLE PRODUCTION (thousand units)

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

        4. 6.3.3 Packaging

          $462.00

          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

        5. 6.3.4 Metal Building Components

          $172.00

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

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

        6. 6.3.5 Machinery

          $181.00

          1. Table | MACHINERY SHIPMENTS (billion 2005 dollars)

          2. Table | MACHINERY COATINGS DEMAND (million gallons)

        7. 6.3.6 Appliances

          $230.00

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

          2. Table | APPLIANCE COATINGS DEMAND

        8. 6.3.7 Aerospace & Other Transportation Equipment

          $428.00

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

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

        9. 6.3.8 Lawn & Garden Equipment

          $157.00

          1. Table | POWER LAWN & GARDEN EQUIPMENT SHIPMENTS

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

        10. 6.3.9 Other Manufacturing Markets

          $104.00

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

      4. 6.4 Formulations

        $101.00

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

    7. 7 MAINTENANCE & SPECIALTY COATINGS

      $1,567.00

      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 DEMAND, 2002-2012

      3. 7.3 Markets

        $1,399.00

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

        2. 7.3.1 Industrial Maintenance

          $302.00

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

          2. Table | INDUSTRIAL MAINTENANCE COATINGS DEMAND

        3. 7.3.2 Automotive Refinishing

          $347.00

          1. Table | MOTOR VEHICLE PARK (million units)

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

        4. 7.3.3 Roads & Bridges

          $310.00

          1. Table | HIGHWAY & STREET EXPENDITURES

          2. Table | ROAD & BRIDGE COATINGS DEMAND

        5. 7.3.4 Marine Equipment

          $262.00

          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

      $5,132.00

      1. 8.1 General

        $82.00

      2. 8.2 Market Share

        $387.00

        1. Table | US PAINT & COATINGS SALES BY COMPANY, 2012 (million dollars)

        2. 8.2.1 Architectural & Decorative Paint

          $115.00

        3. 8.2.2 Industrial Coatings

          $131.00

      3. 8.3 Acquisitions & Divestitures

        $102.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 8.4 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 8.5 Distribution

        $107.00

      6. 8.6 Competitive Strategies

        $141.00

      7. 8.7 Research & Development

        $111.00

      8. 8.8 Company Profiles

        $4,836.00

        1. 8.8.1 Ace Hardware Corporation

          $82.00

        2. 8.8.2 Akzo Nobel NV

          $242.00

        3. 8.8.3 ALTANA AG

          $136.00

        4. 8.8.4 Axalta Coating Systems Incorporated

          $113.00

        5. 8.8.5 BASF SE

          $100.00

        6. 8.8.6 Berkshire Hathaway Incorporated

          $204.00

        7. 8.8.7 California Products Corporation

          $167.00

        8. 8.8.8 Cloverdale Paint Incorporated

          $118.00

        9. 8.8.9 Consorcio Comex SA de CV

          $161.00

        10. 8.8.10 Diamond Vogel Paints

          $175.00

        11. 8.8.11 Dunn-Edwards Corporation

          $164.00

        12. 8.8.12 DuPont (EI) de Nemours

          $82.00

        13. 8.8.13 Ennis-Flint

          $82.00

        14. 8.8.14 Fujikura Kasei Company Limited

          $110.00

        15. 8.8.15 Hentzen Coatings Incorporated

          $99.00

        16. 8.8.16 Jones-Blair Company

          $99.00

        17. 8.8.17 Kelly-Moore Paint Company Incorporated

          $127.00

        18. 8.8.18 LORD Corporation

          $82.00

        19. 8.8.19 Masco Corporation

          $172.00

        20. 8.8.20 Nippon Paint Company Limited

          $104.00

        21. 8.8.21 NOF Corporation

          $82.00

        22. 8.8.22 PPG Industries Incorporated

          $360.00

        23. 8.8.23 Quest Specialty Chemicals Incorporated

          $195.00

        24. 8.8.24 RPM International Incorporated

          $323.00

        25. 8.8.25 Sherwin-Williams Company

          $266.00

        26. 8.8.26 3M Company

          $94.00

        27. 8.8.27 TIGER Coatings GmbH & Company KG

          $82.00

        28. 8.8.28 Tnemec Company Incorporated

          $124.00

        29. 8.8.29 True Value Company

          $82.00

        30. 8.8.30 Valspar Corporation

          $308.00

        31. 8.8.31 Vista Paint Corporation

          $131.00

        32. 8.8.32 Whitford Corporation

          $129.00

        33. 8.8.33 Yenkin-Majestic Paint Corporation

          $142.00

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