U.S. Paint And Coating Market. Analysis And Forecast to 2030
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View PricingPaint and Coating Price in the United States - 2023
Contents:
- Paint and Coating Price in the United States (FOB) - 2023
- Paint and Coating Price in the United States (CIF) - 2023
- Paint and Coating Exports in the United States
- Paint and Coating Imports in the United States
Paint and Coating Price in the United States (FOB) - 2023
The average paint and coating export price stood at $17,661 per ton in August 2023, with an increase of 2.6% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in October 2022 an increase of 8.9% against the previous month. Over the period under review, the average export prices hit record highs at $18,274 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($37,464 per ton), while the average price for exports to Brazil ($6,964 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Paint and Coating Price in the United States (CIF) - 2023
In August 2023, the average paint and coating import price amounted to $9,907 per ton, increasing by 2.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 5.4% m-o-m. The import price peaked in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Japan ($24,291 per ton), while the price for Mexico ($3,807 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Paint and Coating Exports in the United States
After three years of growth, overseas shipments of paints and coatings decreased by -6.1% to 221K tons in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 124%.
In value terms, paint and coating exports skyrocketed to $3.5B in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Paint and Coating in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,158 | 1,113 | 1,217 | 1,373 | 5.8% |
| Mexico | 705 | 613 | 745 | 964 | 11.0% |
| China | 125 | 115 | 143 | 164 | 9.5% |
| South Korea | 53.9 | 49.3 | 64.9 | 74.8 | 11.5% |
| Brazil | 34.1 | 30.0 | 32.5 | 47.6 | 11.8% |
| India | 28.8 | 21.0 | 26.3 | 34.7 | 6.4% |
| Others | 758 | 631 | 715 | 806 | 2.1% |
| Total | 2,863 | 2,573 | 2,943 | 3,464 | 6.6% |
Top Export Markets for Paint and Coating from the United States in 2022:
- Mexico (76.1K tons)
- Canada (73.1K tons)
- China (7.8K tons)
- South Korea (4.6K tons)
- India (4.3K tons)
- Brazil (4.2K tons)
Paint and Coating Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of paints and coatings, which increased by 2% to 191K tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, paint and coating imports expanded markedly to $1.6B in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Paint and Coating in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 401 | 369 | 437 | 505 | 8.0% |
| Mexico | 99.8 | 94.0 | 144 | 196 | 25.2% |
| Germany | 150 | 144 | 183 | 190 | 8.2% |
| Japan | 131 | 122 | 127 | 119 | -3.2% |
| South Korea | 61.5 | 65.2 | 76.7 | 79.8 | 9.1% |
| Italy | 37.4 | 41.1 | 57.9 | 74.2 | 25.7% |
| United Kingdom | 34.0 | 32.6 | 51.5 | 51.4 | 14.8% |
| Netherlands | 35.4 | 33.1 | 48.5 | 48.2 | 10.8% |
| France | 34.4 | 28.4 | 38.4 | 35.9 | 1.4% |
| Spain | 25.1 | 22.7 | 26.1 | 35.8 | 12.6% |
| China | 46.3 | 40.9 | 41.4 | 31.4 | -12.1% |
| Turkey | 5.1 | 13.3 | 12.0 | 20.6 | 59.3% |
| Others | 173 | 172 | 217 | 239 | 11.4% |
| Total | 1,236 | 1,179 | 1,460 | 1,626 | 9.6% |
Top Suppliers of Paint and Coating to the United States in 2022:
- Mexico (57.4K tons)
- Canada (52.6K tons)
- South Korea (13.0K tons)
- Germany (13.0K tons)
- Italy (8.9K tons)
- United Kingdom (7.3K tons)
- Japan (5.2K tons)
- France (4.3K tons)
- Spain (4.0K tons)
- China (3.8K tons)
- Turkey (3.6K tons)
- Netherlands (3.5K tons)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
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During the review period, Paint And Coating exports peaked at 341K tons in 2018. However, from 2019 to 2023, exports did not show growth. In terms of value, Paint And Coating exports reached $3.5B in 2023.
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In June 2023, the price of Paint And Coating was $17,833 per ton (FOB, US), showing a decrease of -3.2% compared to the previous month.
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In value terms, paint and coating exports soared to $323M in March 2023
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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.
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The revenue of the paint and coating market in the U.S. amounted to $28.5B in 2018, going up by 2.5% against the previous ...
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