Paint and coatings market in United States of America, including Puerto Rico and US Virgin Islands

Earlier Report Observations

From 2018 to 2020, the U.S. paint and coatings market volume shifted from 4 912 thousand metric tons in 2018 to 4 597 thousand metric tons in 2019 before recovering to 4 772 thousand metric tons in 2020. In 2018, Sherwin-Williams' acquisition of Valspar consolidated major industry players, while Ford's expansion of truck and SUV production in Michigan increased demand for automotive coatings.

The market volume grew to 5 119 thousand metric tons in 2021, with value rising to $28.1 billion, driven by sharp spikes in raw material costs and EPA regulatory updates on VOC content that prompted product reformulations. In 2022, supply chain disruptions for titanium dioxide due to the Russia-Ukraine war and the closure of Kelly-Moore Paints contributed to a volume decline to 4 977 thousand metric tons, though high prices pushed the market value to $31.5 billion.

Production paint and coatings in United States of America, including Puerto Rico and US Virgin Islands

In kind, 2017-2020, K t

Following two years of decline, paint and coatings production in the United States, including Puerto Rico and the US Virgin Islands, saw an increase. In 2020, production reached 5,042 thousand tonnes, marking a 2.5% rise compared to the previous year. Over the period from 2017 to 2020, overall production decreased by 5.3%, with a compound annual growth rate of 1.8%. The lowest production level was recorded in 2019 at 4,918 thousand tonnes, which also saw the largest decline of 6.3% during this timeframe.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Paint and coatings production in the United States, including Puerto Rico and the US Virgin Islands, declined for the third consecutive year. In 2020, the output was valued at 26,207 million US dollars, representing a 0.7% decrease compared to 2019. From 2017 to 2020, production fell by 5.1%, with a compound annual growth rate of 1.7%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Exports paint and coatings from United States of America, including Puerto Rico and US Virgin Islands

Exports in kind, K t

Paint and coatings exports from the United States, including Puerto Rico and the US Virgin Islands, declined for the second year in a row. In 2020, exports totaled 502.7 thousand tonnes, a 7.8% drop from the previous year. Between 2017 and 2020, exports decreased by 6.5%, equating to an annualized rate of 2.2%. The highest export volume was recorded in 2018 at 561.5 thousand tonnes, which also saw the largest increase of 4.4% during this period.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

From 2017 to 2020, Canada, Mexico, and China were the leading destinations for paint and coatings exports in kind from the United States. Canada accounted for 42.4% of exports, Mexico for 29.2%, and China for 3.8%. Together, these three countries represented 75.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Exports in value, M $ US

Paint and coatings deliveries from the United States, including Puerto Rico and the US Virgin Islands, declined for the second consecutive year. In 2020, exports were valued at 2,613 million US dollars, marking a 10.6% year-over-year drop. Between 2017 and 2020, exports decreased by 6.3%, with an annualized rate of 2.1%. The peak value was recorded in 2018 at 2,927 million US dollars, which also saw the largest increase of 4.9% during this timeframe.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Over the period from 2017 to 2020, Canada, Mexico, and China were the top buyers of paint and coatings from the United States in value terms. Canada accounted for 40.5% of exports, Mexico for 24.0%, and China for 4.9%. Their combined share reached 69.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020

Imports paint and coatings to United States of America, including Puerto Rico and US Virgin Islands

Imports in kind, K t

The United States, including Puerto Rico and the US Virgin Islands, imported 233.4 thousand tonnes of paint and coatings in 2020, a 4.2% increase compared to 2019. From 2017 to 2020, imports grew by 7.9%, with a compound annual growth rate of 2.6%. The largest decline occurred in 2019 at 0.6%, while the largest increase was recorded in 2018 at 4.2%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

From 2017 to 2020, Canada, Mexico, and Germany were consistently the main sources for paint and coatings imports in kind to the United States. Canada accounted for 35.4% of imports, Mexico for 18.6%, and Germany for 7.8%. Together, these three countries made up 61.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Imports in value, M $ US

After two years of growth, imported paint and coatings volumes to the United States, including Puerto Rico and the US Virgin Islands, declined. In 2020, imports totaled 1,255 million US dollars, a 5.1% drop compared to the previous year. Between 2017 and 2020, imports increased by 6.7%, equating to an annualized rate of 2.2%. The highest import value was recorded in 2019 at 1,323 million US dollars, while the largest increase occurred in 2018 at 9.6%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Over the period from 2017 to 2020, Canada, Germany, and Japan were the leading suppliers of paint and coatings to the United States in value terms. Canada accounted for 30.3% of imports, Germany for 13.0%, and Japan for 11.2%. Their combined share reached 54.5% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020