The U.S. paint and coatings industry notched about $20.6 billion in revenue in 2010, with a very healthy estimated gross profit of nearly 37 percent, a new market report reveals.
Imports from 66 companies were valued at a total of $700 million, while $2.3 billion in merchandise was exported to 164 countries, with an overall profit margin of 36.82 percent, reports “Paint and Coating Manufacturing Industry in the US and its International Trade,” by Supplier Relations US LLC, an Irvine, CA-based market research firm.
Adding import value to, and subtracting export value from, the industry’s shipment value, the total domestic demand for the paint and coatings industry in 2010 was $19 billion, the 171-page report says.
US and International Trade
The report covers manufacturers of pigments, solvents, binders and other raw materials for coatings; finished coating products; and putties, cleaners, paint removers and other allied products.
The report’s supply and demand data cover both U.S. shipments and international trade, while also considering the industry’s capacity utilization. Also included are income statements, balance sheets and capital expenditure analysis for financial benchmarking.
The cost-analysis section analyzes 47 upstream industries, while the channel and pricing structure looks at 202 downstream industries. The competitive landscape section reports on the number of firms and their industry revenue share, market concentration, and a list of major players.
This report includes the most recent information on the domestic market, global market and overseas growth opportunities, as well as forecasts up to 2015, the authors say.