# Crude oil and Paints and coatings

Crude oil is a raw material for paints and coatings; their prices have moved together.

Source page: https://www.materialinsights.org/links/crude-oil-and-paints-and-coatings/

[Crude oil](https://www.materialinsights.org/energy/crude_oil/) (energy) and [Paints and coatings](https://www.materialinsights.org/chemicals/paints_coatings/) (chemical): 2 relationships.

## How they are linked

### 1. Feedstock

*Physical flow · Direct · Crude oil → Paints and coatings*

Paints and coatings is made from crude oil: it is one of the raw materials its production routes start from.

### 2. Price link: ultimate feedstock

*Cost and price · Weak · Both ways*

Solvents, resins and many additives come from oil, but paint prices are sticky and set by brand owners. Monthly moves correlate at -0.01 and yearly at 0.26, so oil swings show up only slowly and partially in the paint index.

- **-0.01** monthly change correlation
- **0.26** 12-month change correlation
- **0.06** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.