Demand for paint and coatings in the US is projected to rise 2.3% per year to 1.4 billion gallons in 2020. Advances will decelerate modestly in both volume and value terms over the forecast period. However, demand will be bolstered by the continuing recovery of the construction industry, which will boost sales of architectural paint. These and other trends are presented in Paint & Coatings: US Market Forecasts, new from The Freedonia Group, a Cleveland-based industry research firm.
Key Market Findings
- Growth in the architectural paint market, spurred by healthy increases in residential construction spending, will provide the majority of paint and coatings gains.
- Demand for coatings used in manufacturing (OEM) markets is predicted to expand at a below average pace through 2020. However, several segments will surpass pre-recession 2005 levels.
- Demand for protective and specialty coatings is forecast to rise modestly through 2020, marking an improvement from the performance of the previous decade.
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