Paint & Coating Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/25/2024
SIC Codes: 2851
NAICS Codes: 32551
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Paint & Coating Manufacturing Industry Profile

Companies in this industry make paints, varnishes, lacquers, enamels, and other coatings. Major companies include Axalta Coating Systems, Benjamin Moore, PPG, RPM International, and Sherwin-Williams (all based in the US), as well as AkzoNobel (the Netherlands), Asian Paints (India), the coatings operations of BASF (Germany), and Kansai Paint (Japan).

The global paint and coating market is forecast to reach about $260 billion by 2030 at a 5% compound annual growth rate (CAGR), according to ReportLinker. The top paint and coating producing countries include Canada, Germany, Japan, and Mexico.

The US paint and coating manufacturing industry includes about 1,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $30 billion.


Demand is driven by industrial production and construction spending. The profitability of individual companies depends on technological expertise and efficient production. Small companies can compete successfully with large ones because of the large number of paints and coatings used for a wide variety of applications, including decoration, water resistance, and corrosion resistance. The US industry is highly concentrated: the largest 50 companies account for about 80% of revenue.

Imports, which come largely from Canada, Germany, Japan, and Mexico, and South Korea, represent about 5% of the US paint and coatings market. Exports, which account for about 10% of US production, go mainly to Canada, Mexico, and China.


The US industry revenue is composed of products and services such ...

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