Number of Paint and Coating Manufacturing Businesses in the US (2000–2023)
As of 2023
1,208
paint and coating manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The paint and coating manufacturing industry has declined 22.7% since 2000 (from 1,562 to 1,208 firms).
- •The peak year was 2001 with 1,576 firms.
- •Recent trend (last 5 years): the industry is shrinking (-4.9%).
- •Employment: 75,497 workers in 2023 (0.9% change since 2000).
- •Estimated 5-year survival rate: 75%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 1,208 | 1,570 | 75,497 | 4.8% | 5.6% | +5.2% |
| 2022 | 1,234 | 1,601 | 72,491 | 6.8% | 6.1% | +8.2% |
| 2021 | 1,245 | 1,592 | 67,174 | 5.4% | 5.8% | +5.2% |
| 2020 | 1,264 | 1,612 | 64,748 | 4.3% | 5.1% | +1.1% |
| 2019 | 1,270 | 1,623 | 63,651 | 3.4% | 5.5% | -0.3% |
| 2018 | 1,300 | 1,655 | 64,384 | 4.7% | 6.6% | +0.9% |
| 2017 | 1,317 | 1,689 | 63,317 | 4.3% | 4.6% | +1.6% |
| 2016 | 1,296 | 1,656 | 60,327 | 5.3% | 5.3% | +0.9% |
| 2015 | 1,288 | 1,636 | 58,947 | 6.0% | 4.4% | +2.8% |
| 2014 | 1,263 | 1,592 | 56,600 | 4.5% | 4.6% | +1.9% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.