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U.S. Paint And Coating Market. Analysis And Forecast to 2030
Report Update: Feb 1, 2025

U.S. Paint And Coating Market. Analysis And Forecast to 2030

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Apr 15, 2024

Export of Paints and Coatings in United States Reaches $3.5 Billion in 2023

U.S. Paint And Coating Exports

In 2023, the amount of paints and coatings exported from the United States reduced to 283K tons, waning by -5.8% compared with the previous year. Over the period under review, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports attained the maximum at 341K tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, paint and coating exports totaled $3.5B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +3.0% from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 when exports increased by 18%. The exports peaked in 2023 and are expected to retain growth in years to come.U.S. Paint And Coating Exports By Country (Million USD)

COUNTRYExport Value of Paint And Coating in U.S. (million USD)
20132014201520162017201820192020202120222023
Canada1,1011,1111,1001,1201,1151,1431,1581,1131,2171,3731,365
Mexico541595608576625711705613745964976
China120127120126141150125115143164154
South Korea43.345.949.546.351.953.753.949.364.974.886.1
Japan48.352.448.347.556.363.959.850.753.765.356.6
United Kingdom68.057.262.843.239.441.936.631.734.133.033.3
Others671724746729718719724600686790808
Total2,5932,7122,7342,6892,7472,8832,8632,5732,9433,4643,477

Exports by Country

Canada (109K tons), Mexico (93K tons) and China (7.6K tons) were the main destinations of paint and coating exports from the United States, together accounting for 74% of total exports.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +0.3%), while the other leaders experienced a decline.

In value terms, the largest markets for paint and coating exported from the United States were Canada ($1.4B), Mexico ($976M) and China ($154M), together comprising 72% of total exports. South Korea, Japan and the UK lagged somewhat behind, together accounting for a further 5.1%.

South Korea, with a CAGR of +7.1%, recorded the highest growth rate of the value of exports, among 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 2023, the paint and coating price stood at $12,308 per ton (FOB, US), surging by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2022 an increase of 27%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($20,364 per ton), while the average price for exports to Brazil ($9,884 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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