Paint and Coating Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Paint And Coating Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the paint and coating market in the U.S. amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. Paint and coating consumption peaked in 2018, and is expected to retain its growth in the near future.

Paint And Coating Production in the USA

In value terms, paint and coating production stood at $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year.

Paint And Coating Exports

Exports from the USA

In 2018, the amount of paints and coatings exported from the U.S. amounted to X tons, growing by X% against the previous year. In general, paint and coating exports continue to indicate a mild descent. The growth pace was the most rapid in 2017, when it surged by X% year-to-year. Over the period under review, paint and coating exports reached their maximum at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, paint and coating exports stood at $X (IndexBox estimates) in 2018. Overall, paint and coating exports continue to indicate a relatively flat trend pattern. Over the period under review, paint and coating exports reached their maximum at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for paint and coating exports from the U.S., with a X% share of total exports. Moreover, paint and coating exports to China exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+X% per year) and India (+X% per year).

In value terms, China ($X) remains the key foreign market for paint and coating exports from the U.S., comprising X% of total paint and coating exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

Export Prices by Country

In 2018, the average paint and coating export price amounted to $X per kg, falling by -X% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +X%.

Export prices varied noticeably by the country of origin; the country with the highest export price was South Korea ($X per kg), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to China (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Paint And Coating Imports

Imports into the USA

In 2018, paint and coating imports into the U.S. stood at X tons, picking up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, paint and coating imports totaled $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. In that year, paint and coating imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

Germany (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of paint and coating imports to the U.S., together accounting for X% of total imports. These countries were followed by China, Italy, the UK, France, Sweden, the Netherlands, Spain, Taiwan, Chinese and Turkey, which together accounted for a further X%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and China ($X) appeared to be the largest paint and coating suppliers to the U.S., together accounting for X% of total imports. South Korea, Italy, Sweden, the UK, France, the Netherlands, Spain, Taiwan, Chinese and Turkey lagged somewhat behind, together accounting for a further X%.

Import Prices by Country

The average paint and coating import price stood at $X per kg in 2018, rising by X% against the previous year. Overall, the paint and coating import price continues to indicate a significant deduction.

Import prices varied noticeably by the country of origin; the country with the highest import price was Japan ($X per kg), while the price for Turkey ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Sweden (+X% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

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

Source: IndexBox Market Intelligence Platform