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Paint & Coating Manufacturing in the US Industry Data and Analysis
Over the past five years, the US paint and coatings manufacturing industry has navigated a volatile environment shaped by shifting construction cycles, regulatory pressure and fluctuating raw material costs. Demand has gradually tilted from new residential builds toward higher-value commercial, industrial and infrastructural repaint and maintenance projects. Concurrently, sustainability mandates have accelerated the adoption of waterborne, low- to zero-VOC and bio-based formulations. This shift enabled producers to pass through price increases as compliance and functional demands took center stage, outpacing volume gains. Revenue has been expanding at a CAGR of 6.9% over the past five years and is expected to reach $44.5 billion in 2024, when revenue will rise by an estimated 0.7%.
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What's included in this industry analysis
IBISWorld's research coverage on the Paint & Coating Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Paint & Coating Manufacturing industry in the United States operates under the NAICS industry code 32551. The industry manufactures various paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Key products include paints, varnishes, lacquers and stains, fillers, putties and paint thinners and removers. Related terms covered in the Paint & Coating Manufacturing industry in the United States include pigment, filler, coating, volatile organic compound (voc), do-it-yourself (diy), original equipment manufacturer (oem) and e-commerce.
What's included in this industry?
Products and services covered in Paint & Coating Manufacturing industry in the United States include Architectural coatings, Industrial coatings and Special-purpose coatings.
What companies are included in this industry?
Companies covered in the Paint & Coating Manufacturing industry in the United States include Sherwin Williams Co, Ppg Industries, Inc. and Akzo Nobel Nv.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Paint & Coating Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Paint & Coating Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Paint & Coating Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Paint & Coating Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Paint & Coating Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Paint & Coating Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Paint & Coating Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Paint & Coating Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Paint & Coating Manufacturing industry in the United States in 2026?
The market size of the Paint & Coating Manufacturing industry in the United States is $44.5bn in 2026.
How many businesses are there in the Paint & Coating Manufacturing industry in the United States in 2025?
There are 944 businesses in the Paint & Coating Manufacturing industry in the United States, which has declined at a CAGR of 0.3 % between 2020 and 2025.
How may import tariffs affect the Paint & Coating Manufacturing industry in the United States?
The Paint & Coating Manufacturing industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Paint & Coating Manufacturing industry in the United States?
The Paint & Coating Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Paint & Coating Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Paint & Coating Manufacturing industry in the United States has been growing at a CAGR of 6.9 % between 2020 and 2025.
What is the forecast growth of the Paint & Coating Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Paint & Coating Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Paint & Coating Manufacturing industry in the United States?
The biggest companies operating in the Paint & Coating Manufacturing industry in the United States are Sherwin Williams Co, Ppg Industries, Inc. and Akzo Nobel Nv
What does the Paint & Coating Manufacturing industry in the United States include?
Manufacturing architectural coatings and Manufacturing special-purpose coatings including all marine, industrial, maintenance and traffic-marking paints and coatings are part of the Paint & Coating Manufacturing industry in the United States.
Which companies have the highest market share in the Paint & Coating Manufacturing industry in the United States?
The company holding the most market share in the Paint & Coating Manufacturing industry in the United States is Sherwin Williams Co.
How competitive is the Paint & Coating Manufacturing industry in the United States?
The level of competition is moderate and steady in the Paint & Coating Manufacturing industry in the United States.
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