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    Paint & Coating Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 11/23/2020
    SIC Codes: 2851
    NAICS Codes: 32551
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Paint & Coating Manufacturing Industry Profile

    Companies in this industry make paints, varnishes, lacquers, enamels, and other coatings. Major companies include Axalta Coating Systems, Benjamin Moore, PPG, RPM International, and Sherwin-Williams (all based in the US), as well as Akzo Nobel (the Netherlands), Asian Paints (India), Kansai Paint (Japan), and the coatings operations of BASF (Germany).

    The global paint and coating industry generates about $170 billion in annual revenue, according to the World Paint & Coatings Industry Association. The top paint and coating producing countries include the US, Germany, Japan, and India.

    The US paint and coating manufacturing industry includes about 1,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $28 billion.

    COMPETITIVE LANDSCAPE

    Demand is driven by industrial production and construction spending. The profitability of individual companies depends on technological expertise and efficient production. Small companies can compete successfully with large ones because of the large number of paints and coatings used for a wide variety of applications, including decoration, water resistance, and corrosion resistance. The US industry is highly concentrated: the largest 50 companies account for about 80% of revenue.

    Imports, which come largely from Canada, Germany, Japan, and Mexico, represent about 4% of the US paint and coatings market. Exports, which account for about 10% of US production, go mainly to Canada, Mexico, and China.

    PRODUCTS, OPERATIONS & TECHNOLOGY

    The US industry revenue is composed of products and services such as house paints, product finishes, ...

     
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