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Paint and Coatings

Paint and Coatings

US demand to reach 1.5 billion gallons in 2017
US demand for paint and coatings is forecast to reach 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. Gains will be supported by an improved economic outlook and greater 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 big-ticket items such as motor vehicles and furniture.

Dominant architectural market to grow the fastest
The architectural market will remain the leading outlet for paint and coatings through the forecast period, with advances anticipated to outpace those of the other major segments of the paint and coatings industry. The residential sector will offer the best opportunities for growth, as the country recovers from the housing crisis that greatly reduced demand for residential architectural paint, particularly in the new housing segment. Interior applications will remain larger and grow faster than exterior applications. 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.

Paint and coatings demand in manufacturing markets is expected to expand at a healthy pace through 2017. The metal building components segment is forecast to see 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. However, advances will continue to be restricted by the large amount of furniture imported from countries with lower labor costs. 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.

Maintenance and specialty coatings will remain the smallest market through 2017. Demand in the industrial maintenance sector will be supported by expanding nonresidential improvement and repair activity, while growth in the marine coatings segment will stem from greater output of marine equipment and the need to maintain large tankers, ships, and cruise liners, as well as offshore drilling rigs and platforms. In the auto refinish sector, the exceptionally high average age of the country’s motor vehicle park will hold opportunities, although gains will be held down somewhat by the trend toward fewer vehicle accidents, and a higher percentage of those vehicles being totaled.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table PAINT & COATINGS DEMAND (million gallons)
  • MARKET ENVIRONMENT
    • General
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS (billion 2005 dollars)
    • Demographic Outlook
      • Table POPULATION & HOUSEHOLDS (million persons)
    • Personal Consumption Expenditures
      • Table PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
    • Construction Outlook
      • Table CONSTRUCTION EXPENDITURES (billion 2005 dollars)
    • Building Construction Expenditures
      • Table BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
      • Residential Building Construction
        • Table RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
        • Table NEW HOUSING INDICATORS
        • Table HOUSING STOCK BY TYPE (million units)
        • Table RESIDENTIAL IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)
      • Nonresidential Building Construction
        • Table NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES (billion 2005 dollars)
    • Siding Trends
      • Table SIDING DEMAND BY MATERIAL (million squares)
    • Raw Materials
      • Table RAW MATERIAL DEMAND IN PAINT & COATINGS (million pounds)
    • Environmental & Regulatory Considerations
      • Paint Industry Regulations
      • Volatile Organic Compounds
      • Pigments
      • Solid Waste Recycling
    • World Paint & Coatings Demand
  • OVERVIEW
    • Supply & Demand
      • Table PAINT & COATINGS SUPPLY & DEMAND (million dollars)
    • Historical Market Trends
      • Table PAINT & COATINGS DEMAND, 2002-2012
    • Formulations
      • Table PAINT & COATINGS DEMAND BY FORMULATION (million gallons)
      • Water-Based
      • Solvent-Based
      • Powder Coatings
      • Other
    • Substrates
      • Table PAINT & COATINGS DEMAND BY SUBSTRATE (million gallons)
    • Pricing Trends
      • Table PAINT & COATINGS PRICES (dollars per gallon)
    • Foreign Trade
      • Table US FOREIGN TRADE IN PAINT & COATINGS (million gallons)
      • Imports
        • Table PAINT & COATINGS IMPORTS BY SOURCE, 2007-2012 (million gallons)
      • Exports
        • Table PAINT & COATINGS EXPORTS BY DESTINATION, 2007-2012 (million gallons)
  • ARCHITECTURAL MARKETS
    • Supply & Demand
      • Table ARCHITECTURAL PAINT SUPPLY & DEMAND
    • Historical Market Trends
      • Table ARCHITECTURAL PAINT DEMAND, 2002-2012
    • Markets
      • Table ARCHITECTURAL PAINT DEMAND BY MARKET (million gallons)
      • Residential Building Construction
        • Table RESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)
        • Table NEW RESIDENTIAL CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)
        • Table RESIDENTIAL IMPROVEMENT & REPAIR MARKETS FOR ARCHITECTURAL PAINT (million gallons)
      • Nonresidential Building Construction
        • Table NONRESIDENTIAL BUILDING CONSTRUCTION MARKETS FOR ARCHITECTURAL PAINT (million gallons)
    • Applications & End Users
      • Table ARCHITECTURAL PAINT DEMAND BY APPLICATION & END USER (million gallons)
      • Interior
        • Table INTERIOR ARCHITECTURAL PAINT DEMAND (million gallons)
      • Exterior
        • Table EXTERIOR ARCHITECTURAL PAINT DEMAND (million gallons)
    • Formulations
      • Table ARCHITECTURAL PAINT DEMAND BY FORMULATION (million gallons)
      • Water-Based
      • Solvent-Based
  • MANUFACTURING MARKETS
    • Supply & Demand
      • Table MANUFACTURING COATINGS SUPPLY & DEMAND
    • Historical Market Trends
      • Table MANUFACTURING COATINGS DEMAND, 2002-2012
    • Markets
      • Table MANUFACTURING COATINGS DEMAND BY MARKET (million gallons)
      • Furniture & Fixtures
        • Table FURNITURE SHIPMENTS (billion 2005 dollars)
        • Table FURNITURE & FIXTURE COATINGS DEMAND (million gallons)
      • Motor Vehicles
        • Table MOTOR VEHICLE PRODUCTION (thousand units)
        • Table MOTOR VEHICLE COATINGS DEMAND (million gallons)
      • Packaging
        • Table PACKAGING SUPPLY & DEMAND (billion dollars)
        • Table PACKAGING COATINGS DEMAND (million gallons)
        • Table RIGID CONTAINER & CLOSURE COATINGS DEMAND
        • Table FLEXIBLE & PAPER PACKAGING COATINGS DEMAND
      • Metal Building Components
        • Table NONRESIDENTIAL FIXED INVESTMENT ON STRUCTURES (billion 2005 dollars)
        • Table METAL BUILDING COMPONENT COATINGS DEMAND (million gallons)
      • Machinery
        • Table MACHINERY SHIPMENTS (billion 2005 dollars)
        • Table MACHINERY COATINGS DEMAND (million gallons)
      • Appliances
        • Table APPLIANCE SHIPMENTS BY TYPE (million units)
        • Table APPLIANCE COATINGS DEMAND
      • Aerospace & Other Transportation Equipment
        • Table AEROSPACE & OTHER TRANSPORTATION EQUIPMENT SHIPMENTS* (billion 2005 dollars)
        • Table AEROSPACE & OTHER TRANSPORTATION EQUIPMENT COATINGS DEMAND (million gallons)
      • Lawn & Garden Equipment
        • Table POWER LAWN & GARDEN EQUIPMENT SHIPMENTS
        • Table LAWN & GARDEN EQUIPMENT COATINGS DEMAND (million gallons)
      • Other Manufacturing Markets
        • Table OTHER MANUFACTURING MARKETS FOR COATINGS (million gallons)
    • Formulations
      • Table MANUFACTURING COATINGS DEMAND BY FORMULATION (million gallons)
  • MAINTENANCE & SPECIALTY COATINGS
    • Supply & Demand
      • Table MAINTENANCE & SPECIALTY COATINGS SUPPLY & DEMAND
    • Historical Market Trends
      • Table MAINTENANCE & SPECIALTY COATINGS DEMAND, 2002-2012
    • Markets
      • Table MAINTENANCE & SPECIALTY COATINGS DEMAND BY MARKET (million gallons)
      • Industrial Maintenance
        • Table NONRESIDENTIAL BUILDING IMPROVEMENT & REPAIR EXPENDITURES (billion 2005 dollars)
        • Table INDUSTRIAL MAINTENANCE COATINGS DEMAND
      • Automotive Refinishing
        • Table MOTOR VEHICLE PARK (million units)
        • Table AUTOMOTIVE REFINISH COATINGS DEMAND (million gallons)
      • Roads & Bridges
        • Table HIGHWAY & STREET EXPENDITURES
        • Table ROAD & BRIDGE COATINGS DEMAND
      • Marine Equipment
        • Table MARINE EQUIPMENT SHIPMENTS (billion 2005 dollars)
        • Table MARINE COATINGS DEMAND (million gallons)
      • Other
        • Table OTHER MAINTENANCE & SPECIALTY COATINGS DEMAND (million gallons)
    • Formulations
      • Table MAINTENANCE & SPECIALTY COATINGS DEMAND BY FORMULATION (million gallons)
  • INDUSTRY STRUCTURE
    • General
    • Market Share
      • Table US PAINT & COATINGS SALES BY COMPANY, 2012 (million dollars)
      • Architectural & Decorative Paint
      • Industrial Coatings
    • Acquisitions & Divestitures
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Distribution
    • Competitive Strategies
    • Research & Development
    • Company Profiles
      • Ace Hardware Corporation
      • Akzo Nobel NV
      • ALTANA AG
      • Axalta Coating Systems Incorporated
      • BASF SE
      • Berkshire Hathaway Incorporated
      • California Products Corporation
      • Cloverdale Paint Incorporated
      • Consorcio Comex SA de CV
      • Diamond Vogel Paints
      • Dunn-Edwards Corporation
      • DuPont (EI) de Nemours
      • Ennis-Flint
      • Fujikura Kasei Company Limited
      • Hentzen Coatings Incorporated
      • Jones-Blair Company
      • Kelly-Moore Paint Company Incorporated
      • LORD Corporation
      • Masco Corporation
      • Nippon Paint Company Limited
      • NOF Corporation
      • PPG Industries Incorporated
      • Quest Specialty Chemicals Incorporated
      • RPM International Incorporated
      • Sherwin-Williams Company
      • 3M Company
      • TIGER Coatings GmbH & Company KG
      • Tnemec Company Incorporated
      • True Value Company
      • Valspar Corporation
      • Vista Paint Corporation
      • Whitford Corporation
      • Yenkin-Majestic Paint Corporation

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