U.S. Paint And Coating Market. Analysis And Forecast to 2030
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View PricingU.S. Paint and Coating Export Peaks at $323M in March 2023
U.S. Paint And Coating Exports
For the third month in a row, the United States recorded growth in shipments abroad of paints and coatings, which increased by 11% to 19K tons in March 2023. Overall, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in January 2023 with an increase of 13% against the previous month.
In value terms, paint and coating exports soared to $323M (IndexBox estimates) in March 2023. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| COUNTRY | Export Value of Paint And Coating in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Canada | 134 | 129 | 126 | 134 | 115 | 127 | 112 | 106 | 98.1 | 90.0 | 107 | 109 | 134 |
| Mexico | 88.8 | 79.3 | 83.9 | 87.8 | 76.2 | 88.7 | 77.0 | 81.3 | 80.6 | 70.3 | 76.5 | 75.2 | 90.1 |
| China | 13.4 | 8.8 | 15.8 | 14.1 | 17.6 | 15.7 | 11.7 | 14.0 | 14.0 | 12.5 | 11.5 | 11.7 | 12.9 |
| South Korea | 8.1 | 5.7 | 6.4 | 6.8 | 6.3 | 6.1 | 5.8 | 5.1 | 6.4 | 6.2 | 7.0 | 6.7 | 6.5 |
| Brazil | 3.6 | 3.1 | 3.8 | 3.9 | 4.3 | 3.9 | 4.6 | 5.4 | 5.7 | 3.8 | 3.9 | 4.6 | 4.2 |
| India | 3.2 | 3.1 | 3.0 | 2.6 | 3.7 | 3.4 | 2.7 | 2.9 | 1.9 | 3.6 | 4.5 | 4.1 | 3.2 |
| Others | 70.1 | 72.6 | 70.0 | 68.5 | 78.9 | 68.8 | 68.8 | 69.6 | 64.4 | 64.5 | 64.3 | 68.4 | 71.9 |
| Total | 321 | 301 | 309 | 318 | 302 | 314 | 283 | 284 | 271 | 251 | 275 | 280 | 323 |
Exports by Country
Mexico (6.6K tons), Canada (6.4K tons) and China (472 tons) were the main destinations of paint and coating exports from the United States, with a combined 72% share of total exports. India, South Korea and Brazil lagged somewhat behind, together comprising a further 4.2%.
From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +3.8%), while the other leaders experienced a decline.
In value terms, Canada ($134M), Mexico ($90M) and China ($13M) constituted the largest markets for paint and coating exported from the United States worldwide, together comprising 73% of total exports. South Korea, Brazil and India lagged somewhat behind, together comprising a further 4.3%.
Brazil, with a CAGR of +1.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In March 2023, the paint and coating price amounted to $17,255 per ton (FOB, US), picking up by 3.9% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in October 2022 an increase of 8.8% against the previous month. The export price peaked at $17,308 per ton in December 2022; afterwards, it flattened through to March 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($28,476 per ton), while the average price for exports to India ($8,211 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
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
