Paint & Coatings

Gains will be driven by a strong rebound in construction activity, by environmental laws mandating more expensive, low VOC paint and coatings, and by technological advances such as nanostructured coatings.

US demand to rise 3.8% annually through 2019

US demand for paint and coatings is forecast to grow 3.8 percent annually to 1.4 billion gallons in 2019, valued at $31.5 billion. Gains will be driven by a strong rebound in construction activity, which will stimulate demand in the architectural market. Environmentally friendly, low VOC paint and coating products will continue to see particularly strong growth as manufacturers develop new products to meet stricter government regulations and changing consumer tastes. Additionally, new technological advances, such as nanostructured coatings, will drive future growth as they open new applications by providing antimicrobial, self-cleaning, sound-dampening, anticorrosive, and light-emitting functions.

Architectural markets to offer best opportunities

Architectural markets for paint and coatings will continue to be the main outlet for the industry, growing at an above average rate through 2019 as demand is driven by an improved outlook for both residential and nonresidential construction. The fastest growth for paint is expected in new residential construction as housing completions rise at a double-digit annual pace, but demand in improvement and repair applications will increase as well. Overall, demand for interior paint, which accounts for about two-thirds of the market, will outpace demand for exterior paint due to increased use of siding materials that do not require painting. Additionally, water-based paint formulations will continue to grow faster than solvent-based formulations due to environmental concerns, although most architectural paint has already switched from solvent- to waterborne formulas.

Metal building components to pace growth among manufacturing markets

Manufacturing coatings demand is forecast to reach nearly 400 million gallons in 2019, on annual gains of 2.4 percent. A rebound in construction spending will propel demand for related paint and coatings. The metal building components market will exhibit the fastest growth among manufacturing markets, benefiting from industrial and commercial expansion. The furniture and fixtures market will continue to account for the largest share of manufacturing coatings and will also grow at an above average pace. The motor vehicle market will experience subpar gains due to weak growth in light vehicle production. Powder coating usage will rise more quickly than other coatings formulations in the manufacturing market due to their efficiency and cost-effectiveness, while solvent-based coatings will continue to suffer from environmental regulations.

Study coverage

This Freedonia industry study analyzes the 1.2 billion gallon US paint and coatings industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by market (e.g., architectural, manufacturing, maintenance and specialty coatings), formulation (e.g., water-based, solvent-based, powder coatings) and substrate. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 30 industry players, including Sherwin-Williams, PPG Industries, and Valspar.

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  1. Paint & Coatings

    $5,300.00

    1. 1 INTRODUCTION

      $82.00

    2. 2 EXECUTIVE SUMMARY

      $96.00

      1. Table | PAINT & COATINGS DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,787.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $162.00

        1. Table | MACROECONOMIC INDICATORS

      3. 3.3 Demographic Outlook

        $143.00

        1. Table | POPULATION & HOUSEHOLDS

      4. 3.4 Personal Consumption Expenditures

        $92.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Manufacturing Outlook

        $153.00

        1. Table | MANUFACTURERS' SHIPMENTS

      6. 3.6 Building Construction Expenditures

        $511.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES

        2. 3.6.1 Residential Building Construction

          $357.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

          2. Table | NEW HOUSING INDICATORS

          3. Table | HOUSING STOCK BY TYPE

          4. CHART II-1 YEAR OF CONSTRUCTION OF HOUSING STOCK, 2014

          5. Table | RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES

        3. 3.6.2 Nonresidential Building Construction

          $82.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES

      7. 3.7 Siding Trends

        $99.00

        1. Table | SIDING DEMAND BY MATERIAL

      8. 3.8 Raw Materials

        $84.00

        1. Table | RAW MATERIAL DEMAND IN PAINT & COATINGS

      9. 3.9 Environmental & Regulatory Considerations

        $386.00

        1. 3.9.1 Paint Industry Regulations

          $88.00

        2. 3.9.2 Volatile Organic Compounds

          $82.00

        3. 3.9.3 Pigments

          $82.00

        4. 3.9.4 Solid Waste Recycling

          $82.00

      10. 3.10 World Paint & Coatings Demand

        $82.00

        1. CHART II-2 WORLD PAINT & COATINGS DEMAND BY REGION, 2014

    4. 4 OVERVIEW

      $860.00

      1. 4.1 Supply & Demand

        $94.00

        1. Table | PAINT & COATINGS SUPPLY & DEMAND

      2. 4.2 Historical Market Trends

        $82.00

        1. Table | PAINT & COATINGS DEMAND, 2004-2014

        2. CHART III-1 PAINT & COATINGS DEMAND, 2004-2014

      3. 4.3 Formulations

        $255.00

        1. Table | PAINT & COATINGS DEMAND BY FORMULATION

        2. CHART III-2 PAINT & COATINGS DEMAND BY FORMULATION, 2014

        3. 4.3.1 Water-Based

          $82.00

        4. 4.3.2 Solvent-Based

          $82.00

        5. 4.3.3 Powder Coatings

          $82.00

        6. 4.3.4 Other

          $82.00

      4. 4.4 Substrates

        $113.00

        1. Table | PAINT & COATINGS DEMAND BY SUBSTRATE

      5. 4.5 Pricing Trends

        $101.00

        1. Table | SELECTED PAINT & COATINGS PRICES

      6. 4.6 Foreign Trade

        $219.00

        1. Table | US FOREIGN TRADE IN PAINT & COATINGS

        2. 4.6.1 Imports

          $82.00

          1. Table | PAINT & COATINGS IMPORTS BY SOURCE, 2009-2014

          2. CHART III-3 PAINT & COATINGS IMPORTS BY SOURCE, 2014

        3. 4.6.2 Exports

          $82.00

          1. Table | PAINT & COATINGS EXPORTS BY DESTINATION, 2009-2014

          2. CHART III-4 PAINT & COATINGS EXPORTS BY DESTINATION, 2014

    5. 5 ARCHITECTURAL MARKETS

      $1,052.00

      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, 2004-2014

        2. CHART IV-1 ARCHITECTURAL PAINT DEMAND, 2004-2014

      3. 5.3 Markets

        $429.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY MARKET

        2. 5.3.1 Residential Building Construction

          $286.00

          1. Table | RESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT

          2. Table | NEW RESIDENTIAL CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT

          3. Table | RESIDENTIAL IMPROVEMENT & REPAIR MARKETS FOR ARCHITECTURAL PAINT

        3. 5.3.2 Nonresidential Building Construction

          $82.00

          1. Table | NONRESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT

      4. 5.4 Applications & End Users

        $354.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY APPLICATION & END USER

        2. 5.4.1 Interior

          $135.00

          1. Table | INTERIOR ARCHITECTURAL PAINT DEMAND

        3. 5.4.2 Exterior

          $128.00

          1. Table | EXTERIOR ARCHITECTURAL PAINT DEMAND

      5. 5.5 Formulations

        $150.00

        1. Table | ARCHITECTURAL PAINT DEMAND BY FORMULATION

        2. 5.5.1 Water-Based

          $82.00

        3. 5.5.2 Solvent-Based

          $82.00

    6. 6 MANUFACTURING MARKETS

      $2,554.00

      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, 2004-2014

        2. CHART V-1 MANUFACTURING COATINGS DEMAND, 2004-2014

      3. 6.3 Markets

        $2,355.00

        1. Table | MANUFACTURING COATINGS DEMAND BY MARKET

        2. CHART V-2 MANUFACTURING COATINGS DEMAND BY MARKET, 2014

        3. 6.3.1 Furniture & Fixtures

          $240.00

          1. Table | FURNITURE SHIPMENTS

          2. Table | FURNITURE & FIXTURE COATINGS DEMAND

        4. 6.3.2 Motor Vehicles

          $395.00

          1. Table | MOTOR VEHICLE PRODUCTION

          2. Table | MOTOR VEHICLE COATINGS DEMAND

        5. 6.3.3 Packaging

          $454.00

          1. Table | PACKAGING SUPPLY & DEMAND

          2. Table | PACKAGING COATINGS DEMAND

          3. Table | RIGID CONTAINER & CLOSURE COATINGS DEMAND

          4. Table | FLEXIBLE & PAPER PACKAGING COATINGS DEMAND

        6. 6.3.4 Metal Building Components

          $152.00

          1. Table | NONRESIDENTIAL FIXED INVESTMENT ON STRUCTURES

          2. Table | METAL BUILDING COMPONENT COATINGS DEMAND

        7. 6.3.5 Machinery

          $174.00

          1. Table | MACHINERY SHIPMENTS

          2. Table | MACHINERY COATINGS DEMAND

        8. 6.3.6 Appliances

          $207.00

          1. Table | APPLIANCE SHIPMENTS BY TYPE

          2. Table | APPLIANCE COATINGS DEMAND

        9. 6.3.7 Aerospace & Other Transportation Equipment

          $393.00

          1. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT SHIPMENTS

          2. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND

        10. 6.3.8 Lawn & Garden Equipment

          $144.00

          1. Table | POWER LAWN & GARDEN EQUIPMENT SHIPMENTS

          2. Table | LAWN & GARDEN EQUIPMENT COATINGS DEMAND

        11. 6.3.9 Other Manufacturing Markets

          $97.00

          1. Table | OTHER MANUFACTURING MARKETS FOR COATINGS

      4. 6.4 Formulations

        $87.00

        1. Table | MANUFACTURING COATINGS DEMAND BY FORMULATION

    7. 7 MAINTENANCE & SPECIALTY COATINGS

      $1,453.00

      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, 2004-2014

        2. CHART VI-1 MAINTENANCE & SPECIALTY COATINGS DEMAND, 2004-2014

      3. 7.3 Markets

        $1,297.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS DEMAND BY MARKET

        2. CHART VI-2 MAINTENANCE & SPECIALTY COATINGS DEMAND BY MARKET, 2014

        3. 7.3.1 Industrial Maintenance

          $278.00

          1. Table | NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES

          2. Table | INDUSTRIAL MAINTENANCE COATINGS DEMAND

        4. 7.3.2 Automotive Refinishing

          $325.00

          1. Table | MOTOR VEHICLE PARK

          2. Table | AUTOMOTIVE REFINISH COATINGS DEMAND

        5. 7.3.3 Roads & Bridges

          $289.00

          1. Table | HIGHWAY & STREET EXPENDITURES

          2. Table | ROAD & BRIDGE COATINGS DEMAND

        6. 7.3.4 Marine Equipment

          $231.00

          1. Table | MARINE EQUIPMENT SHIPMENTS

          2. Table | MARINE COATINGS DEMAND

        7. 7.3.5 Other

          $82.00

          1. Table | OTHER MAINTENANCE & SPECIALTY COATINGS DEMAND

      4. 7.4 Formulations

        $82.00

        1. Table | MAINTENANCE & SPECIALTY COATINGS DEMAND BY FORMULATION

    8. 8 INDUSTRY STRUCTURE

      $5,333.00

      1. 8.1 General

        $82.00

      2. 8.2 Market Share

        $335.00

        1. Table | US PAINT & COATINGS SALES BY COMPANY, 2014

        2. CHART VII-1 US PAINT & COATINGS MARKET SHARE, 2014

        3. 8.2.1 Architectural & Decorative Paint

          $102.00

          1. CHART VII-2 US ARCHITECTURAL & DECORATIVE PAINT MARKET SHARE, 2014

        4. 8.2.2 Industrial Coatings

          $117.00

          1. CHART VII-3 US INDUSTRIAL COATINGS MARKET SHARE, 2014

      3. 8.3 Acquisitions & Divestitures

        $129.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 8.4 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 8.5 Distribution

        $115.00

      6. 8.6 Competitive Strategies

        $128.00

      7. 8.7 Research & Development

        $148.00

      8. 8.8 Company Profiles

        $5,333.00

        1. 8.8.1 Akzo Nobel NV

          $337.00

        2. 8.8.2 ALTANA AG

          $135.00

        3. 8.8.3 Axalta Coating Systems Limited

          $233.00

        4. 8.8.4 BASF SE

          $110.00

        5. 8.8.5 Berkshire Hathaway Incorporated

          $238.00

        6. 8.8.6 California Products Corporation

          $302.00

        7. 8.8.7 Cloverdale Paint Incorporated

          $157.00

        8. 8.8.8 Diamond Vogel Paints

          $168.00

        9. 8.8.9 Dunn-Edwards Corporation

          $259.00

        10. 8.8.10 Ennis-Flint

          $117.00

        11. 8.8.11 Fujikura Kasei Company Limited

          $108.00

        12. 8.8.12 Hempel A/S

          $284.00

        13. 8.8.13 Hentzen Coatings Incorporated

          $97.00

        14. 8.8.14 Kelly-Moore Paint Company Incorporated

          $82.00

        15. 8.8.15 LORD Corporation

          $109.00

        16. 8.8.16 Masco Corporation

          $224.00

        17. 8.8.17 Nippon Paint Holdings Company Limited

          $101.00

        18. 8.8.18 NOF Corporation

          $82.00

        19. 8.8.19 PPG Industries Incorporated

          $553.00

        20. 8.8.20 Quest Specialty Chemicals Incorporated

          $110.00

        21. 8.8.21 RPM International Incorporated

          $396.00

        22. 8.8.22 Sherwin-Williams Company

          $533.00

        23. 8.8.23 3M Company

          $82.00

        24. 8.8.24 TIGER Coatings GmbH & Company KG

          $82.00

        25. 8.8.25 Tnemec Company Incorporated

          $110.00

        26. 8.8.26 True Value Company

          $82.00

        27. 8.8.27 Valspar Corporation

          $511.00

        28. 8.8.28 Vista Paint Corporation

          $151.00

        29. 8.8.29 Whitford Corporation

          $118.00

        30. 8.8.30 Yenkin-Majestic Paint Corporation

          $158.00

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