5.2.6.4Vertical

Powder Coating Manufacturers

Producers of thermoset and thermoplastic powder coating products.

Market snapshot

These figures describe Paints & Architectural Coatings (5.2.6), the segment that Powder Coating Manufacturers sits within — not Powder Coating Manufacturers on its own.

Market size
~$33B
Growth
~3.7%CAGR (2017–22, nominal)
Companies
~1,100
FragmentationConsolidatedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 325510 (Paint & Coating Manufacturing).

Business model & economics

Revenue model

Coatings sales through stores, distribution, and industrial channels

Key economics

Recurring revenue
Moderate

repeat architectural and maintenance demand

EBITDA margin
Brand- and raw-material-cost-driven
Capex intensity
Moderate

Characteristics

  • Consolidated around Sherwin-Williams, PPG, AkzoNobel.
  • Architectural paint tied to housing and remodeling.
  • Raw-material costs (resin, TiO2) drive margins.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaKansasMaineMassachusettsMinnesotaNew JerseyNorth CarolinaNorth DakotaOklahomaPennsylvaniaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiIowaKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandIllinoisOhio

Paints and architectural coatings concentrate in Ohio and Illinois, anchored by the long-established coatings manufacturers headquartered in the eastern Midwest.

OhioIllinois

U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 325510. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Coatings majors
  • Industrial-coatings strategics
  • PE-backed consolidators

What’s driving deals

  • Distribution and brand consolidation.
  • Housing and remodeling demand.
  • Industrial- and specialty-coatings M&A.

Find Powder Coating Manufacturers acquisition targets

Search Acquisera’s index for companies classified under Powder Coating Manufacturers (5.2.6.4) and build a targeted deal pipeline.

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