Onshore Oil and Gas Industry Leads Industrial Maintenance Coatings Segment

According to the “U.S. Paint & Coatings Industry Market Analysis (2008-2013),” which was published by The American Coatings Association (ACA) and The Chemark Consulting Group, Inc., industrial maintenance coatings accounted for approximately five percent of the volume of paint sold in the U.S. and about six percent of the total value of paint sales.

U.S. Census data revealed that total industrial maintenance shipments for 2008 were 73.3 million gallons equaling $1,225.3 million. This represents a slight decrease in volume of three percent and a one percent decrease in value over 2007.

Commercial architectural is the fastest-growing end-use segment of industrial maintenance coatings. This segment also commands the highest gross profit margins, according to the report.

From Coatings World.