US Paints and Coatings Market

US Paints and Coatings Market

US demand to approach $23 billion in 2012
US demand for paints and coatings is forecast to approach $23 billion in 2012. Volume gains are projected to accelerate from the sluggishness of the 2002-2007 period, when an economic slowdown, combined with high raw material costs and increasingly stringent environmental regulations took a toll on the US paints and coatings industry. Going forward, however, growth will be aided by an improving outlook for both construction and manufacturing activity.

Architectural paints to remain largest market
Architectural paints represent the largest segment of the overall paints and coatings market, accounting for approximately half of demand in both volume and value terms. The residential market will continue to account for the vast majority of architectural paint demand and will benefit from rebounding growth in residential construction activity, as well as a significant turnaround in new housing starts through 2012. Demand for interior paint will outpace that for exterior paint, as demand for the latter will be restrained by the ongoing popularity of siding materials, such as vinyl, which do not require paint. However, rapid growth in the use of fiber cement -- a paintable siding material -- will bode well for exterior paint demand.

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INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Macroeconomic Overview

Population, Demographic & Household Trends

Personal Consumption Expenditures

Manufacturing Sector Overview

Construction Overview

Building Construction Expenditures

Residential Construction

Housing Completions

Housing Stock

Residential Improvements & Repairs

Nonresidential Building Construction

Siding Trends

Raw Materials

Environmental & Regulatory Considerations

Volatile Organic Compounds

Pigments

Solid Waste Recycling

Paint Industry Regulations

World Paint & Coatings Demand

III. OVERVIEW

Supply & Demand

Historical Market Trends

Formulations

Water-Based

Solvent-Based

Powder Coatings

Other

Substrates

Pricing Trends

Foreign Trade

Imports

Exports

IV. ARCHITECTURAL MARKETS

Supply & Demand

Historical Market Trends

Markets

Residential Building Construction

New Construction

Improvement & Repair

Nonresidential Building Construction

Applications & End Users

Interior

Exterior

Formulations

Water-Based

Solvent-Based

V. MANUFACTURING MARKETS

Supply & Demand

Historical Market Trends

Markets

Furniture & Fixtures

Furniture Industry Outlook

Coatings Demand

Suppliers

Motor Vehicles

Motor Vehicle Production Outlook

Coatings Demand

Suppliers

Packaging

Packaging Industry Outlook

Coatings Demand

Rigid Containers & Closures

Flexible & Paper Packaging

Suppliers

Metal Building Components

Nonresidential Fixed Investment

Coatings Demand

Suppliers

Machinery

Machinery Outlook

Coatings Demand

Suppliers

Appliances

Appliance Industry Outlook

Coatings Demand

Suppliers

Aerospace & Other Transportation Equipment

Aerospace & Other Transportation Equipment Outlook

Coatings Demand

Aerospace Coatings Suppliers

Lawn & Garden Equipment

Lawn & Garden Equipment Industry Outlook

Coatings Demand

Flooring

Hard Surface Flooring Outlook

Coatings Demand

Other Manufacturing Markets

Formulations

VI. MAINTENANCE & SPECIALTY COATINGS

Supply & Demand

Historical Market Trends

Markets

Industrial Maintenance

Nonresidential Building Improvements & Repairs

Coatings Demand

Suppliers

Automotive Refinishing

Motor Vehicle Park

Coatings Demand

Suppliers

Roads & Bridges

Highway & Street Expenditures

Coatings Demand

Suppliers

Marine Equipment

Marine Equipment Outlook

Coatings Demand

Suppliers

Other

Formulations

VII. INDUSTRY STRUCTURE

General

Industry Composition

Architectural & Decorative Paint

Industrial Coatings

Acquisitions & Divestitures

Cooperative Agreements

Distribution

Competitive Strategies

Company Profiles

Ace Hardware Corporation

AD Fire Protection Systems, see RPM International

Akzo Nobel NV

BASF SE

Becker Powder Coatings, see Sherwin-Williams

Behr Process, see Masco Corporation

Benjamin Moore & Company, see Berkshire Hathaway

Berkshire Hathaway Incorporated

Bondo Corporation, see 3M Company

Cabot, see Valspar

Carboline Company, see RPM International

Chemcraft International, see Akzo Nobel

Chemprobe Coating Systems, see Tnemec Company

Coatings Resource Corporation, see PPG Industries

Color Wheel Paint, see Consorcio Comex

Columbia Paint & Coatings, see Sherwin-Williams

Consorcio Comex SA de CV

DAP Products, see RPM International

DayGlo Color, see RPM International

Diamond Vogel Paints

Dryvit Systems Incorporated, see RPM International

Dunn-Edwards Corporation

DuPont (EI) de Nemours

EFTEC, see EMS-Chemie Holding

EMS-Chemie Holding AG

Ennis Paint Incorporated

E Wood Holdings, see 3M Company

Ferro Corporation

Flood Company, see Akzo Nobel

Frazee Paint, see Consorcio Comex

Fujikura Kasei Company Limited

Fuller (HB) Company

General Paint, see Consorcio Comex

House of Kolor, see Valspar

Hydro-Stop, see Quest Specialty Chemicals

Imperial Chemical Industries, see Akzo Nobel

Innovative Performance Systems, see Ennis Paint

Insl-x Products, see Berkshire Hathaway

International Paint, see Akzo Nobel

Jones-Blair Company

Kelly-Moore Paint Company Incorporated

KST Coatings, see Sherwin-Williams

Kwal Paint, see Consorcio Comex

LORD Corporation

MA Bruder & Sons, see Sherwin-Williams

Majic Paints, see Yenkin-Majestic Paint

Masco Corporation

MasterChem Industries, see Masco Corporation

Matrix System Automotive Finishes, see Quest Specialty Chemicals

Mays Chemical, see Fujikura Kasei

Metal Coatings International, see NOF Corporation

Neogard, see Jones-Blair

Nippon Paint Company Limited

NOF Corporation

OKON, see RPM International

Parker Paint Manufacturing, see Consorcio Comex

Pettit Paints, see RPM International

Plasti-Kote, see Valspar

PPG Industries Incorporated

Quest Specialty Chemicals Incorporated

Raabe Company, see Quest Specialty Chemicals

Red Spot Paint & Varnish, see Fujikura Kasei

Rohm and Haas Company

RPM International Incorporated

RustOleum, see RPM International

Sherwin-Williams Company

Sico Incorporated, see Akzo Nobel

Spectra-Tone Paint, see PPG Industries

Spraylat Corporation

StrataShield, see Tnemec Company

TCI Powder Coatings, see RPM International

Testor, see RPM International

Tennant Company

3M Company

TIGER Coatings GmbH & Company KG

Tnemec Company Incorporated

Tremco, see RPM International

Trinity Coatings, see Berkshire Hathaway

True Value Company

United Coatings, see Quest Specialty Chemicals

US Paint Corporation

Valspar Corporation

Vanex, see PPG Industries

Vista Paint Corporation

Yenkin-Majestic Paint Corporation

Zinsser Company, see RPM International

Zolatone Automotive, see Quest Specialty Chemicals

Additional Companies Active in the Industry

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators

2 Population & Households

3 Personal Consumption Expenditures

4 Manufacturers’ Shipments

5 Construction Expenditures

6 Building Construction Expenditures

7 Residential Building Construction Expenditures

8 New Housing Indicators

9 Housing Stock by Type

10 Residential Improvement & Repair Expenditures

11 Nonresidential Building Construction Expenditures

12 Siding Demand by Material

13 Raw Material Demand in Paint & Coatings

14 World Paint & Coatings Demand by Region

SECTION III -- OVERVIEW

1 Paint & Coatings Supply & Demand

2 Paint & Coatings Market, 1997-2007

3 Paint & Coatings Demand by Formulation

4 Paint & Coatings Demand by Substrate

5 Paint & Coatings Prices

6 US Foreign Trade in Paint & Coatings

7 Paint & Coatings Imports by Source, 2002-2007

8 Paint & Coatings Exports by Destination, 2002-2007

SECTION IV -- ARCHITECTURAL MARKETS

1 Architectural Paint Supply & Demand

2 Architectural Paint Market, 1997-2007

3 Architectural Paint Demand by Market

4 Residential Building Construction Markets for Architectural Paints

5 New Residential Construction Markets for Architectural Paints

6 Residential Improvement & Repair Markets for Architectural Paints

7 Nonresidential Building Construction Markets for Architectural Paints

8 Architectural Paint Demand by Application & End User

9 Interior Architectural Paint Demand

10 Exterior Architectural Paint Demand

11 Architectural Paint Demand by Formulation

SECTION V -- MANUFACTURING MARKETS

1 Manufacturing Coatings Supply & Demand

2 Manufacturing Coatings Market, 1997-2007

3 Manufacturing Coatings Demand by Market

4 Furniture Shipments

5 Furniture & Fixture Coatings Demand

6 Motor Vehicle Production

7 Motor Vehicle Coatings Demand

8 Packaging Supply & Demand

9 Packaging Coatings Demand

10 Rigid Container & Closure Coatings Demand

11 Flexible & Paper Packaging Coatings Demand

12 Nonresidential Fixed Investment on Structures

13 Metal Building Component Coatings Demand

14 Machinery Shipments

15 Machinery Coatings Demand

16 Appliance Shipments by Type

17 Appliance Coatings Demand

18 Aerospace & Other Transportation Equipment Shipments

19 Aerospace & Other Transportation Equipment Coatings Demand

20 Lawn & Garden Equipment Shipments

21 Lawn & Garden Equipment Coatings Demand

22 Hard Surface Flooring Shipments

23 Flooring Coatings Demand

24 Other Manufacturing Markets for Coatings

25 Manufacturing Coatings Demand by Formulation

SECTION VI -- MAINTENANCE & SPECIALTY COATINGS

1 Maintenance & Specialty Coatings Supply & Demand

2 Maintenance & Specialty Coatings Market, 1997-2007

3 Maintenance & Specialty Coatings Demand by Market

4 Nonresidential Building Improvement & Repair Expenditures

5 Industrial Maintenance Coatings Demand

6 Motor Vehicle Park

7 Automotive Refinish Coatings Demand

8 Highway & Street Expenditures

9 Road & Bridge Coatings Demand

10 Marine Equipment Shipments

11 Marine Coatings Demand

12 Other Maintenance & Specialty Coatings Demand

13 Maintenance & Specialty Coatings Demand by Formulation

SECTION VII -- INDUSTRY STRUCTURE

1 US Paint & Coatings Industry Sales by Company, 2007

2 US Architectural & Decorative Paint Industry Sales by Company, 2007

3 US Industrial Coatings Industry Sales by Company, 2007

4 Selected Acquisitions & Divestitures

5 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2007

2 World Paint & Coatings Demand by Region, 2007

SECTION III -- OVERVIEW

1 Paint & Coatings Market, 1997-2007

2 Paint & Coatings Imports by Source, 2007

3 Paint & Coatings Exports by Destination, 2007

SECTION IV -- ARCHITECTURAL MARKETS

1 Architectural Paint Market, 1997-2007

SECTION V -- MANUFACTURING MARKETS

1 Manufacturing Coatings Market, 1997-2007

2 OEM Motor Vehicle Coatings Demand Relative to US Motor Vehicle Production, 1997-2007

SECTION VI -- MAINTENANCE & SPECIALTY COATINGS

1 Maintenance & Specialty Coatings Market, 1997-2007

2 Automotive Refinish Coatings Demand Relative to Motor Vehicles in Use, 1997-2007

SECTION VII -- INDUSTRY STRUCTURE

1 US Paint & Coatings Market Share by Company, 2007

2 US Architectural & Decorative Paint Market Share by Company, 2007

3 US Industrial Coatings Market Share by Company, 2007

 
 

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More Details

Metal building components among best opportunities
Coatings used in the manufacture of various goods will benefit from an expected acceleration in manufacturing activity from the poor performance of the previous decade. The motor vehicle market will continue to account for a significant portion of coatings demand and will be supported by a projected rebound in motor vehicle production. Metal building components will be among the fastest growing markets within this segment, with growth attributable to the greater use of prefabricated metal building systems in the US construction industry, particularly in nonresidential settings, where the functionality and labor cost savings of these systems are most beneficial.

Non-solvent coatings to continue market share gains
The market share held by traditional solvent-based coatings will continue to erode as these products are replaced by water-based, high solids, powders and other non-solvent coatings. Increasingly stringent environmental regulations have focused on the reduction of volatile organic compound (VOC) emissions. Going forward, demand will benefit from the development of environmentally friendly formulations that offer increased efficiency as well as improved quality and enhanced durability.

Study coverage
This new Freedonia industry study, Paints & Coatings, is priced at $4600. It presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by material, product, market and application. The study also considers market environment factors, evaluates company market share data and profiles leading competitors.