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Monday, 14 October 2019
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Markets & companies, Coatings market

U.S. paint and coatings industry to reach USD 24 billion in 2015

Friday, 30 March 2012

At 56 % of the volume, and 49 % of the value in 2010, the architectural segment continues to account for the largest segment with regard to U.S. paints and coatings demand.

According to the American Coatings Association and The ChemQuest Group, Inc., the U.S. paint and coatings market is expected to respond to improvements in both manufacturing and construction with significant increases in both volume and value. Source: xjbxjhxm - Fotolia.com
According to the American Coatings Association and The ChemQuest Group, Inc., the U.S. paint and coatings market is expected to respond to improvem...

The U.S. continues to emerge from the effects of the deep 2007-2009 recession, when both manufactured goods output and construction spending declined sharply, the paint and coatings market is expected to respond to improvements in both manufacturing and construction with significant increases in both volume and value. Prepared for the American Coatings Association by The ChemQuest Group, Inc., the study "U.S. Paint & Coatings Industry Market Analysis: 2010-2015," finds that the U.S. paint and coatings industry is expected to reach a value of USD 23.6 billion in 2015. At 56 % of the volume, and 49 % of the value in 2010, the architectural segment continues to account for the largest "slice of the pie” with regard to U.S. paints and coatings demand. Aided by renewed strength in construction, and specifically in the residential housing market, ChemQuest is forecasting a 2010-2015 compound annual growth rate of 6.1 % for value, and 2.9 % for volume in the architectural segment, versus 4.9 % and 1.8 % for value and volume, respectively, in original equipment manufacturing finishes and 3.8 % for value and 1.2 % for volume in special purpose finishes.

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