Welcome Guest to Coatings World    Login || Register
Last Updated Saturday, October 25 2014
Print

More U.S. demand expected for paint and coatings



By Tim Wright



Published September 3, 2008

U.S. demand for paint and coatings is expected to expand 3.1% annually to $23 billion in 2012, a new market study projects. Volume gains are projected to accelerate from the sluggishness of 2002-07, when an economic slowdown—combined with high raw material costs and stringent environmental regulations—took a toll on the U.S. paint and coatings industry.

The market share held by traditional solvent-based coatings will continue to erode as these products are replaced by water-based, high solids, powders and other non-solvent coatings. Going forward, however, growth will be aided by an improving outlook for both construction and manufacturing activity.

These and other trends are presented in Paint & Coatings, a new study from The Freedonia Group, Inc., a Cleveland,OH-based industry market research firm.

Architectural paint represents the largest segment of the overall paint and coatings market, accounting for approximately half of demand in both volume and value terms. The residential market will continue to account for the vast majority of architectural paint demand and will benefit from rebounding growth in residential construction, as well as a significant turnaround in new housing starts through 2012.

Demand for interior paint will outpace that for its exterior counterpart, as demand for the latter will be restrained by the ongoing popularity of siding materials. However, rapid growth in the use of fiber cement -- a paintable siding material -- will bode well for exterior paint demand.

The motor vehicle market will continue to account for a significant portion of coatings demand and will be supported by a projected rebound in motor vehicle production.

Metal building components will be among the fastest growing of the manufacturing markets, with growth attributable to greater use of prefabricated metal building systems in the U.S. construction industry, particularly in nonresidential settings.

Maintenance and specialty coatings will account for approximately one-fifth of overall demand. Rebounding growth in highway maintenance expenditures will drive rapid advances in the road and bridge market. Coatings associated with bridge repair and maintenance will benefit from increased concern over bridge safety as a result of the August 2007 collapse of the I-35W bridge in Minneapolis, MN.



blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Follow Coatings World On