Background: The Economics of the U.S. Paint and Coatings Manufacturing Industry

Cite sources in APA format.

Annual market growth rate 2016-2021: Provide year-to-year growth data (% sales growth, year to year) and discuss drivers behind the annual market growth rate for the U.S. paint manufacturing industry between 2016 and 2021.

IbisWorld industry reports: Search the Mesa Library A-Z Databases List at https://www.sdmesa.edu/library/ for two IbisWorld database reports entitled:

US INDUSTRY (NAICS) REPORT 32551 Paint Manufacturing in the US

US Risk Ratings Report 32551 Paint Manufacturing in the US (This July 2021 report updates some of the information in the more detailed industry report shown above.)

Recent article from the American Coatings Association’s CoatingsTech Magazine

Cite sources in APA format.

Industry trends: Discuss recent and current trends in the paint and coatings manufacturing industry — e.g., annual sales projections for the industry, trends in customer preferences for paint and coatings products, and trends in products offered by paint and coatings manufacturers.

IbisWorld industry reports: Search the Mesa Library A-Z Databases List at https://www.sdmesa.edu/library/ for two IbisWorld database reports entitled:

US INDUSTRY (NAICS) REPORT 32551 Paint Manufacturing in the US

US Risk Ratings Report 32551 Paint Manufacturing in the US (This July 2021 report updates some of the information in the more detailed industry report shown above.)

Recent article from the American Coatings Association’s CoatingsTech Magazine

Cite sources in APA format.

Growth potential: Discuss the growth potential and opportunity for a business like Innovative Tub Solutions.  To assess growth potential, review paint and coatings manufacturing industry data and check to see what’s going on with projected industry sales.

IbisWorld industry reports: Search the Mesa Library A-Z Databases List at https://www.sdmesa.edu/library/ for two IbisWorld database reports entitled:

US INDUSTRY (NAICS) REPORT 32551 Paint Manufacturing in the US

US Risk Ratings Report 32551 Paint Manufacturing in the US (This July 2021 report updates some of the information in the more detailed industry report shown above.)

Recent article from the American Coatings Association’s CoatingsTech Magazine

  Cite sources in APA format.

Cite sources in APA format.

Potential macroenvironmental impacts: Discuss how each of the following could affect Innovative Tub Solutions. (Use the above sources to find information, and develop your discussion with your own insights.).

Change in technology?

Government regulations?

Changing economy (such as a recession)?

Change in this company’s industry?

IbisWorld industry reports: Search the Mesa Library A-Z Databases List at https://www.sdmesa.edu/library/ for two IbisWorld database reports entitled:

US INDUSTRY (NAICS) REPORT 32551 Paint Manufacturing in the US

US Risk Ratings Report 32551 Paint Manufacturing in the US (This July 2021 report updates some of the information in the more detailed industry report shown above.)

Recent article from the American Coatings Association’s CoatingsTech Magazine

Cite sources in APA format.