Industry revenue of “paint and coating manufacturing“ in the U.S. 2011-2023

As the U.S. emerges from the 2007 collapse of the housing market, the paint and coatings industry is expected to grow in tandem with the new residential and non-residential construction sectors. Architectural, manufacturing and maintenance & speciality account for the largest segments, with motor vehicle and aerospace manufacturing being particular areas of interest. In terms of technology, water-based architectural coatings have the highest demand all over the world and the U.S. is no different. Unsurprisingly, California is the largest market in the U.S. followed by Florida, New York, Illinois and Texas.

Overall industry revenues are mostly expected to remain at consistent levels declining only marginally from 27.5 billion U.S. dollars in 2018 to 27.2 billion in 2023. This is mainly due to the aftermath of the sub-prime crisis which is being offset to a certain extent by growing domestic demand and improved export opportunities. The future presents great opportunities for organic and green paints as governments look to enforce strict regulations and consumers shift preferences to sustainable products.

Industry revenue of “paint and coating manufacturing“ in the U.S. from 2011 to 2023

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* All products require an annual contract.
   Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “paint and coating manufacturing“ has the code “325510“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Covestro"

Further Content: You might find this interesting as well

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.