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Paint & Coating Manufacturing Report Summary

SIC Codes: 2851
NAICS Codes: 325510

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms
 

Paint & Coating Manufacturing Industry Overview

Excerpt from Paint & Coating Manufacturing Report

The US paint and coatings manufacturing industry includes about 1,100 companies with combined annual sales of about $20 billion. Large companies include Benjamin Moore, RPM International, Sherwin-Williams, Valspar, and divisions of DuPont and PPG. The industry is highly concentrated: the largest 50 companies account for about 80 percent of revenue.

Competitive Landscape

Demand is driven by industrial production and the housing market. The profitability of individual companies depends on technological expertise and efficient production. Small companies can compete successfully with large ones because of the large number of paints and coatings used for a wide variety of applications, including decoration, water resistance, and corrosion resistance. The industry is capital-intensive: average annual revenue per employee is about $540,000.

Products, Operations & Technology

Major products are "architectural coatings" (house paints), product finishes, industrial coatings, and miscellaneous products like varnish removers and paint thinners. House paints account for about 40 percent of industry revenue; product finishes (for cars, furniture, etc.) for 25 percent; industrial coatings for 20 percent.

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