U.S. Paint And Coating Market. Analysis And Forecast to 2030
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View PricingSingle-Family Construction Boom to Support the American Paint and Coating Market
The U.S. paint and coating market was seriously hurt by the pandemic, with the drop in demand observed for all types of paints. From the second half of 2020, growing suburban construction promotes a revival of the industry. China currently features as a key export market. However, India's government-driven residential construction plan could make the country an attractive destination for American exporters.
Suburban Construction Supports the U.S. Paint and Coatings Market While the Industrial Sector Languishes
According to a new report published by IndexBox, the U.S. paint and coatings market is estimated at approx. $22.2B. As a result of the pandemic and subsequent plunge in downstream industries' output, the market declined by 18% compared to the previous year. A drop in demand was recorded for the major consuming industries: automotive, renovation and construction, oil and gas, and shipbuilding.
Architectural coatings account for about 60% of the total production. The demand for this product reduced by 15% due to a decrease in construction in the first half of 2020. The industrial OEM coatings segment holds a 28% share of the paints and coatings market. During the pandemic, the consumption of industrial coatings decreased by 9.5%.
The current surge of U.S. housing construction is expected to become the main driver of the architectural coatings market. After the pandemic started, the demand for new housing increased significantly under low mortgage rates. More people seek places to isolate themselves, while rising unemployment forces people to relocate to suburbs with affordable housing prices.
Should the pandemic wane in 2021, another incentive for pain and coating consumption is expected to come from the planned renewal of the U.S. airliner fleet and the space industry's growth. Although the U.S. aerospace industry has been significantly affected by the COVID-19 lockdowns, the defense sector is expected to remain stable and to feature a slow growth in 2021-2027.
With New Residential Construction Plan, India the May Emerge as Attractive Export Destination
In 2019, U.S. overseas shipments of paints and coatings amounted to $2.9B (IndexBox estimates). Canada ($1.2B), Mexico ($707M), and China ($125M) appeared to be the largest export markets for American suppliers, together comprising 69% of total exports.
Over the medium term, the Asia-Pacific is expected to feature the largest increase in construction activity, especially in China and India. Their governments are planning to invest additional funds in housing construction. In particular, India launched the "Housing for All by 2022" program, with investments of about $1.3 trillion. Although India doesn't currently feature as a top export destination for paints and coatings from the U.S., the planned surge in construction appears to be a powerful growth driver.
The average paint and coating export price stood at $3,188 per ton in 2019. Prices varied noticeably by the country of destination; the country with the highest price was China ($4,864 per ton), while the average price for exports to Mexico ($2,035 per ton) was amongst the lowest. From 2013 to 2019, the most notable growth rate in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the paint and coating market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 325510 - Paint and coating manufacturing
Companies mentioned:
- PPG Industries
- Behr Process Corporation
- The Valspar Corporation
- Benjamin Moore & Co.
- Stoncor Group
- Dunn-Edwards Corporation
- Kelly-Moore Paint Company
- RPM International Inc.
- Carboline Company
- Ennis Paint
- Axalta Coating Systems Ltd.
- W.M. Barr & Company
- Vogel Paint
- PPG Industries Ohio
- RPM Wood Finishes Group
- Akzo Nobel Coatings
- Comex North America
- Axalta Coating Systems
- Diamond-Vogel Paint Company
- Behr Paint Corp.
- Republic Powdered Metals Inc
- ICI American Holdings
- Spectra-Tone Paint Corporation
- PPG Architectural Finishes
- Quest Specialty Chemicals
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
