Supply chain issues and raw material constraints coupled with increased demand during the COVID-19 pandemic have put paint in short supply and, in turn, driven up prices.
Demand for raw materials in the paint industry soared over the pandemic as quarantined consumers took to DIY projects and home improvement.
Paint and product shortages continue to plague the industry. Paint prices are increasing due to raw materials shortages. Labor shortages have created issues from getting the paint to market to getting it on the wall once it gets there.
Perhaps the most significant factor behind the paint shortage of 2022 is supply chain issues and a lack of raw materials. Without certain materials like methyl ethyl ketone and methyl methacrylate, creating industrial paint components and enamels is difficult, if not impossible.
Year over year, the prices of exterior and interior paint have climbed 30.3% and 21.2%, respectively. Prior to 2021, the record 12-month price increase for exterior paint was 8.5% and 10.1% for interior paint — each of which was set in March 2019.
--(BUSINESS WIRE)--Despite the average price of a gallon of paint increasing nearly $3 a gallon in the past year, overall paint satisfaction has held steady, according to the J.D. Power 2023 U.S. Paint Satisfaction Study,SM released today.
1. When Does Paint Go on Sale? According to our research, large hardware retailers (like Lowe's, Home Depot, Menards, etc.) DO put their paint on sale usually in the summer months, and more specifically around summer holidays (weekend of Memorial Day, 4th of July, and Labor Day).
Ongoing resin supply issues attributed to extreme weather events earlier this year are causing Sherwin-Williams and PPG Industries to struggle to produce paint, executives said in Q3 earnings calls.
Old Paint Shelf Life FAQs
It can be dangerous to use old paint. Paints made prior to 1978 may contain lead and expired oil-based paints can emit harmful fumes that are toxic.
High-quality exterior paint is made not to peel, chip, crack, or blister. Because of how it's manufactured to last and protect your siding, it will be more expensive than the cheapest paint you can find on the shelf.
Demand for raw materials in the paint industry soared over the pandemic as quarantined consumers took to DIY projects and home improvement. But supply couldn't keep up as global trade networks broke down amid the Covid surge.
Paint Quality
Latex-based paints cost an average of $15 to $20 per gallon at the lower end for economy paints and up to $65 to $80 per gallon for premium paints. Premium paints usually have extra features like mildew-resistant additives, stain blockers, and scrubbable/washable additives.
Paint prices have risen steadily due to raw materials price increases, or shortages during a period of high demand. Earlier this year the NAHB commented that, “Year over year, the prices of exterior and interior paint have climbed 30.3% and 21.2%, respectively.
Rust-Oleum's competitors and similar companies include PPG Industries Industrial Coatings, Nippon Paint Holdings, MicroCare and Valspar.
The shelf life of Rust-Oleum spray paint is about five years (unopened) from production date stated on the bottom of the can. Brush applied products have a three year shelf-life. Don't compromise your shelf-life with bad storage choices!
Solvent-based paints have a 15-year shelf life. If you can stir it, it's probably okay to use (even if you have to remove the “skin” on the surface first). Latex has a shelf life of 10 years. If it has been subject to freezing, it may not be usable.
If it's unopened, it's probably still usable.
Unopened cans of paint last for years when stored correctly. Unused latex and water-based acrylic paints last up to 10 years, and the shelf life of alkyd and oil-based can be as long as 15 years.
Latex or Acrylic-Latex Paint
PPG and Glidden both suggest their latex paint, unopened should last two years. Sherwin-Williams and Behr each say a year. Most experts, outside of the manufacturers say well-preserved paint can be shelf-stable for up to 10 years.
Paint Quality & Durability. Sherwin-Williams significantly outperform Behr in terms of durability. Sherwin-Williams holds up well against wear and strain overall. Plus, it is scratch, chip, and scuff resistant.
Emerald Interior Acrylic Latex
This is the more expensive option, but it is also the longest-lasting. You can expect 10-12 years from this product. Heritage Custom Painting provides a 3-year warranty for projects that choose Emerald.
Shop the week leading up to Memorial Day or the Fourth of July. "It's typically when paint manufacturers and retailers put paint on sale," says Debbie Zimmer, director of communications for the PQI. Ask about oops paints. Most stores, including Home Depot, sell them.
Most experts say that you'll need to paint every five to ten years, depending on factors such as where you live, climate and weather, and the previous paint job. Also, keep in mind that every surface will be a little different. For example: Wood siding - every 3-7 years, or every 4 years if it's stained.
Everyone agrees that early morning is the absolute best time to begin a painting job. There is plenty of natural light streaming in, and you have hours to get the job done. When you open all of the windows and doors, you can control and minimize the “new paint smell” that you will have throughout the day.