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Paint industry continues to prosper.(Industry Overview)
The paint and coatings industry is showing excellent growth for 1996. For the nine month year-to-date, shipments increased 12.9% to 1,049 million gallons with a value of $12,711 million, a 15.7% increase. Architectural coatings again continues to lead with a growth of 21.7% in quantity and a growth in value of 23.5% y-t-d.
For the third quarter, architectural coatings increased 23.9% in quantity and 24.0% in value. Product OEM coatings showed a modest increase, 4.0% in quantity but a strong [TABULAR DATA OMITTED] value increase of 15.9%. Special purpose coatings began to decline from the previous year's quarter, with a (1.2%) decrease in quantity and a (8.2%) decline in …
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