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Paint Manufacturing in the US - Industry Market Research Report

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    Report

  • 55 Pages
  • October 2022
  • Region: United States
  • IBISWorld
  • ID: 312929

New Look: Private Spending on Home Improvements is Anticipated to Normalize, Placing Downward Pressure on Industry Demand

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Sas Institute Inc.
  • Fair Isaac Corp

Methodology

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