Growth in the US paint & coatings market will total 3.8% annually through 2019 in volume terms. Gains will be driven by a strong turnaround in building construction spending, fueling demand for architectural paint. Coatings suppliers will continue to reformulate their products to reduce VOC emissions in order to comply with regulations and consumer preferences.
This report segments the Paint & Coatings industry by Market and Formulation. Data is provided in million gallons and million dollars.
Architectural paint will remain the largest of these through 2019. Architectural paint will also see the fastest growth, driven by a rebounding building construction sector and more frequent repainting rates.
Water-based and 100% solids formulations will continue to take share from solvent-based coatings, particularly in manufacturing and specialty markets.
Merger and acquisition activity in the US paint & coatings industry has been rampant in recent years as companies seek to expand their range of products and increase market share. Leading suppliers include Akzo Nobel, Axalta, Benjamin Moore, Masco (Behr Process), PPG Industries, RPM International, Sherwin-Williams, and Valspar.