$20.3bn
$XX.Xbn
22,071
2,581
$X.Xbn
Paint wholesalers have been on the decline over the past five years. Firstly, global economic uncertainty led to a decrease in consumer and business spending on nonessential items, including new paint jobs. With individuals and businesses tightening their budgets, there was reduced demand for paint and related products amid the COVID-19 pandemic. More recently, the housing market has witnessed a slowdown, with fewer home sales and new construction projects taking place as interest rates have risen, beginning in 2022. As paint purchases are closely tied to these activities, the decrease in housing market activity directly impacts the need for paint, leading to a decline in sales to paint stores. Industry revenue decreased at an expected CAGR of 1.9% to reach an estimated $19.8 billion in 2024, including am increase of 1.4% in 2024 alone.
Industry revenue has declined at a CAGR of 1.4 % over the past five years, to reach an estimated $20.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Ppg Industries, Inc. | 3,757.2 | 388.7 | 10.3 | |
Sherwin Williams Co | 2,156.8 | 260.9 | 12.1 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Architectural coatings , Special-purpose coatings and Industrial, product and OEM coatings . Architectural coatings is the largest segment of the Paint Wholesaling in the US.
There is an assorted collection of high-performance paints and related products
Operators in this industry wholesale paints, wallpaper, paintbrushes, rollers and other related products. Industry operators purchase paint and other coatings from manufacturers for resale to downstream customers; they do not generally manufacture paint themselves. Retail sales outlets of paint manufacturers are not included in this industry; however, manufacturers’ internal wholesale divisions are included in this industry.
Purchase this report to view all 2 major companies in this industry.
NAICS 42495 - Paint Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Retail businesses that sell paint, wallpaper, and related products buy from paint wholesalers. Due to economic uncertainty, the industry has seen swings in demand, particular...
Learn about an industry's products and services, markets and trends in international trade.
Demand for goods typically used in home renovation projects is expanding. Additionally, DIY projects grew in popularity during the pandemic, but consumers increasingly bought...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic spread of wholesalers closely follows that of the Paint Manufacturing industry and wholesale operators' major markets. This is due to operators typically wanti...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Paint wholesalers compete with one another on a number of different levels. Wholesale distributors can set themselves apart from their rivals by being effective and offering ...
Learn about the performance of the top companies in the industry.
Several significant companies, including Sherwin-Williams, PPG Industries and Benjamin Moore, dominate the market. These businesses control a substantial portion of the marke...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Similar to other wholesaling industries that sell chemical products, paint wholesalers are subject to environmental laws and regulations. The laws are less strict than those ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit varies widely from business to business depending on the scope of operations, market niche and location. Profit also differs between manufacturers' sales branches and ...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Paint Wholesaling in the US industry in United States is $20.3bn in 2024.
There are 2,581 businesses in the Paint Wholesaling in the US industry in United States, which has declined at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Paint Wholesaling in the US industry in United States has been declining at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Paint Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Paint Wholesaling market in United States are Ppg Industries, Inc. and Sherwin Williams Co
Wholesaling paints and pigments and Wholesaling varnishes and other coatings are part of the Paint Wholesaling in the US industry.
The company holding the most market share in United States is Ppg Industries, Inc..
The level of competition is high and increasing in the Paint Wholesaling in the US industry in United States.