Paint & Coatings: US Market Forecasts
NEW YORK, June 1, 2017 /PRNewswire/ -- Water-based paint and coatings will continue to offer the best opportunities, displacing their solvent-based counterparts in segments where they historically had an advantage, such as protective and specialty coatings.
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Paint & Coatings: US Market Forecasts addresses the following questions and more.
- How are changes in the US manufacturing industry affecting demand for industrial coatings?
- How will ongoing performance improvements such as greater durability impact demand for certain products and formulations?
- How will key mergers like Sherwin-Williams' pending acquisition of Valspar change the dynamics of the US paint and coatings industry?
Architectural Paint Market Drives Growth in US Paint & Coatings Industry
The architectural paint market will remain the largest and fastest growing segment of the industry as construction activity continues to recover. Increased construction spending will also fuel growth for several manufacturing, and protective and specialty products such as furniture and industrial maintenance coatings. However, a slowdown in output of key durable goods such as motor vehicles, as well as improved paint and coatings formulations that enable fewer coats per project, will limit gains going forward.
Key Findings in Paint & Coatings: US Market Forecasts:
Sustainable Products Continue to Gain Market Share
Demand for environmentally friendly coatings will continue to support growth for water-based, powder, and radiation curable coatings at the expense of solventborne types. While much of the shift to water-based paints has already occurred in the architectural paint industry, increasingly strict VOC regulations will drive the transition in the manufacturing, and protective and specialty segments. In the protective and specialty coatings market, water-based formulations will surpass solvent-based types for the first time through 2020.
Consolidation Remains Central Growth Strategy
Major paint suppliers continue to rely on acquiring their competition to offset market maturity. For example, Sherwin-Williams already dominates the US architectural paint market, but will gain new product lines and distribution capabilities by acquiring Valspar.
Study Coverage
This concise view of the industry presents historical demand data (2005, 2010, and 2015) and forecasts (2020) by market (architectural paint, manufacturing (OEM) coatings, protective and specialty coatings), formulation (water-based, solvent-based, powder, and radiation curable coatings), and substrate (drywall and plaster, metal, and wood). The volume also evaluates company market share and competitive analysis on industry competitors including Akzo Nobel, Axalta Coating Systems, Masco, PPG Industries, Sherwin-Williams, and Valspar.
Read the full report: http://www.reportlinker.com/p04895336/Paint-Coatings-US-Market-Forecasts.html
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