A fresh coat: Despite restrictive legislation, demand from key markets will spur revenue growth

The Paint Manufacturing industry has benefited from economic recovery and subsequently experienced moderate revenue growth over the past five years. In addition to shifts in demand, the industry has endured volatile raw material costs and strict government regulation regarding the chemical composition of paint. Despite this being coupled with the effects of an appreciating dollar compressing export demand, IBISWorld expects revenue to rise in 2017. As the economy continues to expand and consumer spending increases, downstream consumers are expected to increase production and purchase more industry paint products over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$28bn
Annual Growth 12-17
1.3%
Forecast Growth 17-22
Profit
Employment
39,074
Businesses
2,541

Industry Threats & Opportunities

  • Economic recovery and increasing manufacturing activity have helped boost paint sales
  • Operators have altered their current business procedures to correspond with new laws
  • Profit margins are projected to remain tight due to volatile raw material costs
  • Industry Report - Industry Products Chapter

    Architectural coatingsThe architectural coatings segment generates the majority of industry revenue at 41.2% in 2017. This category includes household paints, which include interior and exterior waterborne (latex) paints; interior and exterior solvent-borne (oil) paints; do-it-yourself wood and furniture finishes; and architectural lacquers. Consumers, painters and contractors use these products, which are applied on-site. The overall exterior product segment has decreased in recent years in line with housing and construction trends that favor the use of non-wood exterior sidings. Conversely, interior solvent-borne products are starting to increase in size, reflecting the development of improved solvents with very low volatile organic compound emission levels. As ...purchase to read more.

    Additional Insights for the Paint Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Paint Manufacturing Industry are

  • Control of distribution arrangements
  • Effective cost controls
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Value of construction in the Paint Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Paint Manufacturing Industry?

    This 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 Products
  • Architectural coatings
  • Industrial coatings (incl. for OEM)
  • Special-purpose coatings
  • Industry Activities
  • Manufacturing architectural coatings
  • Manufacturing enamel paints and latex paints
  • Manufacturing epoxy coatings made from purchased resins
  • Manufacturing industrial product finishes and coatings
  • Manufacturing paint thinner and reducer preparations, paintbrush cleaners and paint and varnish removers
  • Manufacturing polyurethane coatings
  • Manufacturing powder coatings
  • Manufacturing varnishes, lacquers, shellac and stains
  • Manufacturing water repellant coatings for wood, concrete and masonry
  • Manufacturing wood fillers, primers and putty
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Value of construction
  • World price of crude oil
  • Trade-weighted index

  • Current Performance
  • Shifting demand
  • Rising costs
  • Legislative difficulties
  • Consolidation rises at the top
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand recovery
  • Efficiency gains and consolidation
  • Table: Paint Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Paint Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Paint Wholesaling
  • Paint Stores
  • Interior Designers
  • Industrial Designers

  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Inorganic Chemical Manufacturing

  • Products & Services
  • Architectural coatings
  • Industrial coatings (incl. for OEM)
  • Special-purpose coatings
  • Other
  • Chart: Paint Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial
  • Professional consumers
  • Exports
  • Do-it-yourself consumers
  • Chart: Major Market Segmentation for the Paint Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Paint Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Paint Manufacturing Industry

  • Industry Globalization
    PPG Industries Inc., Sherwin-Williams Co., Masco Corp.,
  • Table: PPG Industries Inc. - financial performance
  • Table: Sherwin-Williams Co. - financial performance
  • Table: Masco Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Paint Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Paint Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World Price of Crude Oil (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Coating
  • A covering that is applied to the surface of an object (substrate) that can be applied as a liquid, gas or solid.
  • Do-It-Yourself (Diy)
  • Building, modifying or repairing something without the aid of experts or professionals.
  • E-Commerce
  • The buying and selling of products or services over electronic systems, such as the internet and other computer networks. Businesses engaged in e-commerce are often called e-tailers.
  • Filler
  • A special type of pigment used to thicken the film, support the structure or increase the volume of paint.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that a company purchases and retails under the purchasing company's brand name.
  • Pigment
  • A granular solid incorporated into paint to add color, texture or toughness.
  • Volatile Organic Compound (Voc)
  • A chemical compound that can emit vapors that are potentially harmful to the environment and humans.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Paint Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Paint Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Paint Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Paint Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Paint Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear