Paint Manufacturing in the US - Industry Market Research Report

Paint Manufacturing in the US - Industry Market Research Report

  • July 2021 •
  • 43 pages •
  • Report ID: 1168537 •
  • Format: PDF
Fresh coat: Consumers will likely purchase more industry products as consumer spending increases

Abstract

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 (IBISWorld report 23) with the coatings it needs for houses and commercial buildings and the Manufacturing sector (report 31-33) with paint for products such as cars, boats and consumer goods. While paint is essential to many industries, paint manufacturers remain vulnerable to macroeconomic shifts because input cost volatility can affect profit margin growth. As construction and manufacturing activity increased over the five years to 2019, demand for industry products increased. During the five-year period, macroeconomic conditions improved along with an increase in disposable income. As per capita disposable income grew, private spending on home improvements, upgrades and repairs increased. As the economy continues to expand over the five years to 2024 and consumer spending continues to increase, downstream consumers are expected to increase production and purchase more industry products. Rising demand from key purchasers, such as commercial and residential builders, will boost sales of industry 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.
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.