Paints, Varnishes, and Supplies

SIC 5198

Companies in this industry

Industry report:

This category covers businesses that distribute wholesale paints, varnishes, wallpaper, and supplies. Retail stores selling these items to the general public are classified in SIC 5231: Paint, Glass, and Wallpaper Stores. According to the Standard Industrial Classification, inventory handled by businesses in this category include calcimines, colors and pigments, enamels, lacquers, paint brushes, shellac, rollers, and sprayers.

Industry Snapshot

The U.S. paint, varnish, and supplies wholesale distribution industry was a relatively small one that had just 1,875 establishments in 2009, according to the U.S. Census Bureau. Together these firms employed 18,166 people who earned a total payroll of $892.6 million. About half the establishments were small, employing fewer than 20 workers. Twenty-five percent employed more than 500, and the remaining establishments employed more than 20 but fewer than 500.

Total sales for the industry were relatively steady during the first decade of the 2000s. Sales in 2011 reached approximately $13 billion. U.S. Census Bureau figures showed that architectural coatings accounted for almost 40 percent of sales; special purpose coatings, 30 percent; paint supplies, 10 percent; OEM coatings, 8 percent; wallpaper and wallpaper supplies, 7 percent; and other supplies, 5 percent. States with the highest concentration were California, Texas, Florida, and New York.

In an economic landscape dominated by an economic recession in the late years of the first decade of the 2000s, the paint industry held its own. Overall retail sales of paint were down during 2008 by only about 3 percent. Although consumers cut back on discretionary spending, paint and paint products were considered more of a necessity. Those who decided to stay put rather than move up in housing following the crash of the housing market in 2007 may have opted for the less expensive option of sprucing up their existing homes with fresh paint. Conversely, those who braved the dismal realty market and attempted to sell their homes purchased paint to make their homes as attractive as possible to buyers.

While wholesale suppliers maintained a fairly steady flow of business to small- and mid-sized customers during the downturn in the economy, large paint suppliers were harder hit, as they tended to supply paint to the new housing and automobile industry, two of the sectors hardest hit by the recession. However, according to a 2009 market research report by The Freedonia Group, the U.S. wall coverings industry, which saw an overall decline in the years just prior to 2008, was expected to rebound and grow by an estimated 4.2 percent annually through 2013. According to the report, wallpaper is expected to once again regain popularity.

By the early 2010s, the paint, varnish, and supplies wholesaling industry was considered mature and characterized by strong brand dominance. According to a 2011 report by market research firm IBISWorld, consolidation in the industry was expected to continue and the number of wholesalers to decline, as manufacturer-owned stores proliferated. Nevertheless, the industry was experiencing a slow recovery in 2009 and 2010, as coating shipments increased. According to the U.S. Census Bureau, in 2010 U.S. shipments of architectural coatings increased by 9 million gallons, to 651.6 million gallons, and OEM coatings rose 45 million gallons, to 330.6 million gallons. Shipments of special purpose coatings and miscellaneous allied paint products also increased by 5 million and 11 million gallons, respectively (total: 170.5 million gallons and 148.6 million gallons, respectively). Value in all categories rose to result in a total value of shipments of approximately $19.3 billion, up from $17.7 billion in 2009.

The industry's leaders in the early 2010s included Dunn-Edwards Corp., based in Los Angeles, California, with 2011 sales of $203.5 million. About 90 percent of Dunn-Edwards sales came from the professional market, such as residential and commercial contractors. FinishMaster Inc. of Indianapolis, Indiana, focused on providing paint to the auto industry and recorded revenues of $89 million in 2011. That year, however, the firm was purchased by Canada-based Uni-Select for about $250 million.

© COPYRIGHT 2018 The Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. For permission to reuse this article, contact the Copyright Clearance Center.

News and information about Paints, Varnishes, and Supplies

Mysore Paints & Varnish Ltd Asked to Supply Indelible Ink
United News of India; November 15, 2016; 339 words
Mysuru, Nov. 15 -- The State owned Mysore Paints and VarnishLtd,, which has been supplying indelible ink to...visited the company and askedthem to keep ready indelible ink supply to the banks.The visit officials from RBI was confirmed by...
Supply of Paints & Varnishes, Painting Brush Etc
Mena Report; December 30, 2017; 285 words
Tenders are invited for SUPPLY OF PAINTS & VARNISHES, PAINTING BRUSH Etc. Amount of Earnest Money Deposit (INR): 26800 Tender Processing Fee : 550 Last Date & Time for Tender...
Supply of Paints, Varnish, Forged Items, Machined Items, Sheet Metal Components, Rubberisation of Metallic Items, Rolled Stock, Cold Drawn Items and Rubber Items
Mena Report; June 22, 2017; 324 words
Expression Of Interest for Supply of Paints, Varnish, Forged Items, Machined Items, Sheet Metal Components, Rubberisation Of Metallic Items, Rolled Stock, Cold Drawn Items And...
Supply Paints, Varnishes and Mastics
Mena Report; August 29, 2015; 552 words
Tenders are invited for Supply Paints, Varnishes and Mastics Procurement Supply Paints, Varnishes and Mastics Total quantity or scope: Minimum and maximum of the framework agreement...
Supply of Paint Varnish Remover
Mena Report; August 3, 2017; 324 words
Tenders are invited for Supply of Paint Varnish Remover NPCIL MAPS KALPAKKAMTender Envelope Types : Tender Fees in Rs. :236 Document Download Start Date & Time: 02/08/2017...
Supply of Paints and Varnishes - Saifi 2017-2019. (Romania-Bucuresti: Paints, Varnishes and Mastics)
Mena Report; October 12, 2017; 327 words
Contract award notice: Supply of paints and varnishes - saifi 2017-2019. (s) "delivery of paints and varnishes 2017-2019". Total final value of contract(s): 1 111 480 ron excluding...
Supply of Paint and Varnish Materials for the Barracks and Housing Facilities of the Branch
Mena Report; October 15, 2017; 295 words
Electronic auction: supply of paint and varnish materials for the barracks and housing facilities of the branch The initial (maximum) contract price: 2626596.80 russian ruble...
Supply "Paint and Varnish Products"
Mena Report; October 21, 2016; 272 words
...are invited for Right to sign the agreement to supply "paint and varnish products" for 2017 for the needs of "Saratov" PJSC "T plus" supply "paint and varnish products" for 2017 for the needs of "Saratov...

Search all articles about Paints, Varnishes, and Supplies