Paint Manufacturing in the US
The Paint Manufacturing industry provides protective and decorative finishes for many US products in various end-use markets. Industry operators supply the construction sector with the coatings it needs for houses and commercial buildings and the manufacturing sector with paint for products like cars, boats and consumer goods. While paint is essential to many industries, paint manufacturers remain vulnerable to macroeconomic shifts, as input cost volatility can affect profit margin growth. As construction and manufacturing activity increased over the five years to 2018, demand for products manufactured by industry operators increased. This trend benefited industry operators since imports account for a small percentage of total domestic demand. As a result, industry revenue is expected to grow over the five years to 2018. As the economy continues to expand over the five years to 2023 and consumer spending continues to increase, downstream consumers are expected to increase production and purchase more industry paint products.
The Paint Manufacturing industry manufactures various paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Key products include paints, varnishes, lacquers and stains, as well as fillers, putties and paint thinners and removers. This industry does not manufacture artists’ paint (see IBISWorld report 33994, Art and Office Supply Manufacturing industry).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.