15+ Home Painting Stats Savvy Painters Should Know

If you’ve spent months deciding and then changing your decision about the color of your paint job, you might be tempted to go for something simple like white.
With white, the idea is to walk into the paint shop, buy your white paint, go home and get to work. For those who think this is the case, I have news: there are over 150 shades of white.

When you are completing a project, including giving your house or parts of your house a new yard for painting, knowledge plays a vital role.
It allows you to take new information into account and consider things that you may have overlooked and determine solutions to problems that may arise during the course of the project.
Knowledge improves your thinking, enabling you to make more informed decisions.

That’s why we’ve spent time reviewing valuable statistics to help homeowners feel confident in their decision-making when planning their painting projects, including identifying reputable contractors and painting companies. , color selection and budgeting.

Analysis of the numbers shows that over the past 30 years, paint and wallpaper vendors in the United States have grown their sales from just under $ 5 billion in 1992 to nearly $ 13 billion. dollars in 2019.

According to Grand View Research, “The global paints and coatings market size was valued at USD 146.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027.”

Grand View Research identifies several drivers of expected revenue growth in the paints and coatings market.
One of the main drivers is “rapid urbanization and industrialization in emerging countries, such as India, China and Southeast Asia, [which] are expected to fuel demand for products in various applications.

Even though Grand View Research warns that the Covid-19 pandemic could dampen industry growth, the research firm also notes that “the global market has grown moderately in recent years despite various uncertainties “.

It is on this basis that revenues are expected to reach $ 202.7 billion by 2027.

Statista reports that several of the world’s largest paint and coatings companies originate in the United States, including Sherwin-Williams, with more than 4,000 stores in the United States and 700 more in other parts of the world.

In terms of revenue, Statista reports that Sherwin-Williams was the largest paint company in the world in 2018. In that year, the company made $ 17.535 billion, an increase of 17% over the year. former.

Another American company identified by Statista is PPG Industries. The company is the world’s second largest company in the paints and coatings industry. Its net profit in 2018 was $ 15 billion.

RPM International Inc, Axalta and Diamond Paints are the other three US companies listed by Statista among the world’s top ten paints and coatings companies.
A report produced by Reports and Data in October 2019 lists BASF SE, 3M Company, Sika, Bostik, Henkel, HB Fuller, Mapei SpA, Ardex, Sain-Gobain Weber, Terraco and Fosroc as the major players in the textured paint market.

The best indication of how much paint used in the United States we could find is a 2015 estimate from Statista. The market and consumer data company estimated that “in 2019, the demand for paints and coatings in the United States is expected to be 1.4 billion gallons.”
Regarding the amount of paint used annually around the world, Coatings World, a global provider of “supplier information for chemicals and equipment to the paint and coatings industry”, believes that ” Global demand for paints and coatings is expected to grow 3.7% per year to 54.7 million metric tons[547billionliters)in2020valuedat193billiondollars[547billionliters]in 2020 valued at $ 193 billion ”[547milliardsdelitres)en2020évaluésà193milliardsdedollars[547billionliters)in2020valuedat3billion”

The United States Environmental Protection Agency (EPA) “estimates that about 10% of the household paint purchased in the United States each year – about 65 to 69 million gallons – is ultimately discarded.” “

If you do the math, you might get an idea of ​​the average paint thrown by each individual in the United States. If one gallon equals 3.8 liters, we can say that approximately 262.2 million liters purchased in the United States will end up in the sewers, which means that each individual in the United States throws away an average of 0.8 liters of painting per year.
If you work with the estimate that 5 liters of paint will be enough to paint the interior of an average room measuring 4 mx 4 m, the amount of paint thrown in the United States could paint 52,440,000 medium-sized rooms.

Now let’s continue and work with a number of five rooms per house. That would mean that the paint we throw away each year could paint the interiors of 10,488,000 homes. This represents about 8.1% of the estimated 128.45 million households in the United States.

What about the money we throw down the drain every time we throw paint. If a gallon of high-quality paint costs about $ 30, we’re sending about $ 2 billion down the drain.
Now let’s say the cheapest meal you can cook in the United States is $ 8.82. In this case, the amount we use to buy paint that we then throw away could pay for 226,757,369 meals. It’s almost a lunch and a half session for every American.

When describing the amount of leftover paint that is discarded, the EPA uses the phrase “the leftover paint problem”.
One easy way to overcome this challenge is for homeowners to start by getting a feel for the precise amount of paint they need before they buy.
Several paint calculators have been designed to help homeowners get an idea of ​​how much paint they need for a specific project.

To get an idea of ​​what your painting project can cost, knowing how much painters are paid in the United States is essential.
The Occupational Outlook Handbook from the United States Bureau of Labor Statistics reports that the average salary for construction and maintenance painters per year was $ 42,130 as of May 2020. This works out to an hourly rate of 20.25 $.

If you consider that the average hourly wage for employees in the construction industry was $ 31.37 in March 2020, it becomes clear that painters in the United States are at the bottom of the industry wage scale. construction.

On that basis alone, you might expect to pay less to paint your home than for other construction-related tasks.

An article produced by USNews.com reports that in 2019, the quarter of the highest paid painters in the United States were paid $ 53,290 while the lowest paid quarter made $ 33,120.
The same publication says that “the metropolitan areas that pay the highest wages in the painting profession are San Francisco, Duluth, Salinas, Vallejo and Boston. In these fields, painters can expect to be paid between $ 57,000 and $ 68,000 per year.

The Houston Chronicle reports that several factors determine how much a painter is paid.

The same publication singles out location as one of the main factors when it comes to determining how much to pay a painter.
He also notes that “a painter who works for an entrepreneur probably earns less than a self-employed person”. This explains why about 42% of employees in the industry work for themselves.

The US Bureau of Labor Statistics predicts that the number of jobs in the construction paint industry is expected to “show little or no change from 2019 to 2029.”

Adding: “The openings should arise from the need to replace workers who leave the profession each year.”
Over the decade from 2019, employment in the construction and maintenance sector is expected to increase by 900 jobs.
With this slow job growth, it can be expected that, based on the principles of supply and demand, construction and maintenance painters will continue to be at the bottom of the wage scale in the world. construction industry.

From the statistics above, it is clear that the architectural painting industry is huge, not only in the United States but around the world. But are there more benefits to painting your home than just making it look good?
The American online real estate marketing company, Zillow.com, concludes that specific colors can make you more money when you sell your home.

The company reports that “ads for sale with cool, neutral wall colors cost more.” But what is more money? We could talk about $ 5,440 more than expected.
Even the color you use to paint something that looks as insignificant as the front door could determine how much more than expected you get for your home.
Regina Cole writes for Forbes.com and talks about why every time she sees a front door, she wants it painted black.
She notes that “with a black front door, your house could sell for $ 6,000 more. Cole adds, “But if the dominant color in your kitchen is brick red or barn red, that could result in a reduction of over $ 2,000 off the sale price.” ”
The future of painting
In an article published by Fixr.com, a website that provides advice on home improvement projects, Cristina Miguelez predicts paint and color trends going forward.
She reports that couples with children (46%) and couples without children (34%) are the most likely homeowners to complete a painting project. Single homeowners (11%) and retirees (9%) were the least likely.
Based on the discernments of the analysis of a Fixr.com survey, Miguelez concludes that “it is safe to say that despite the bold colors that are often heralded as the color of the year, the neutral colors continue to grow. to be the undisputed leader for interiors and exteriors ”.
She concluded her analysis by quoting actor Billy Baldwin’s famous statement: “Be true to your own taste, for nothing you really love ever goes out of fashion.

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