The market is dominated by domestic suppliers, as imports account for 7.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 94.4% of total demand in 2023. The US has the largest market size for paints and varnishes across the top 20 developed countries, with demand reaching USD55.7 billion in 2023. RPM International Inc is the largest company in the US, generating 7.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 23.9% of total production value in 2023. The total number of companies increases in 2023, to 4,353 units. The costs of the industry increase by 2.4% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 22.0% of production value in 2023, the second highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 9.7% of total production output. With production value of USD47.7 billion, the US accounts for 94.9% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Paints and Varnishes in the US: ISIC 2422. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Paints and Varnishes in the US: ISIC 2422 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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