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Monday, 23 September 2019
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Markets & companies, Coatings market

U.S. coatings consumption worth USD 23 billion in 2011

Wednesday, 28 December 2011

In 2011, coating solids remain down 18 % from the 2006 peak in the U.S. A 1.5 % annual rate of increase is forecast for coating solids through 2016.

U.S. consumption of coatings is projected to be 1.4 million gallons, containing 7.8 billion pounds of solids in 2011.

Source: Erdquadrat-Fotolia.com

U.S. consumption of coatings is projected to be 1.4 million gallons, containing 7.8 billion pounds of solids in 2011.

Source: Erdquadrat-Fotolia.com

In 2011, U.S. consumption of coatings is projected to be 1.4 million gallons, containing 7.8 billion pounds of solids, worth USD 23 billion. The industry saw its peak consumption in 2006 and has only partially recovered from the lows of the 2008-2009 recession, according to a soon-to-be released study "The U.S. Paint & Coatings Industry, 2011-2016” by the consulting firm Kusumgar, Nerlfi & Growney.  In 2011, coating solids remain down 18 % from the 2006 peak. A 1.5 % annual rate of increase is forecast for coating solids through 2016. Coating consumption in dollars is only 3 % lower compared to 2006 because of the sharp rise in prices during 2010-2011. Coating raw material price escalation has only partially been passed along by coating producers, and margins have come under pressure. Architectural coatings are the largest segment with some 3.9 billion pounds of solids worth USD 9.1 billion expected to be consumed in 2011. Coating demand from original equipment manufacturers (OEM) in 2011 is projected at 1.98 billion pounds of solids valued at nearly USD 8 billion. OEM coatings have rebounded strongly since the recession, but many end uses are still down significantly from 2006. Special-purpose coating consumption in 2011 is expected to be 1.95 billion pounds of solids with a sales value of USD 6 billion.

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