Paint & Coating Manufacturing Industry Overview

Excerpt from Paint & Coating Manufacturing Report

Companies in this industry manufacture paints, varnishes, lacquers, enamels, and other coatings. Major companies include Axalta Coating Systems (formerly DuPont Performance Coatings), Benjamin Moore, PPG, RPM International, Sherwin-Williams, and Valspar, as well as Akzo Nobel (the Netherlands), Nippon Paint (Japan), Hempel A/S (Denmark), and the coatings operations of BASF (Germany).

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 highly concentrated: the largest 50 companies account for about 80 percent of revenue.

Products, Operations & Technology

House paints account for about 40 percent of industry revenue; product finishes (for cars, furniture, etc.) for 25 percent; industrial coatings for 20 percent. Other products include varnish removers and paint thinners.