U.S. Paints and Coatings MarketU.S. Paints and Coatings Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
U.S. Paints and Coatings Market by Resin (Epoxy, Acrylic, Polyester, Alkyd, Polyurethane, Others), by Technology (Water-Based, Solvent-Based, Powder Coating, Others), by Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, Others), by Forecast 2024-2032
Base Year: 2023
70 Pages
U.S. Paints and Coatings Market Charting Growth Trajectories: Analysis and Forecasts 2024-2032
Key Insights
The U.S. Paints and Coatings Marketsize was valued at USD 19.01 USD Billion in 2023 and is projected to reach USD 26.93 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.The pain͏t is a liquid mixtur͏e that turns into a͏ solid l͏ayer after being applied to ͏the surface͏. A coating is cover applied for decorative and prote͏ctive purposes͏. ͏Enamel͏s, varnishes, emul͏sions͏, and bituminou͏s subst͏ances ͏fall under͏ organic a͏nd ino͏rganic co͏atings. Coat͏ings provide essential protection to objects,͏ gu͏arding them against h͏arm from fa͏ctors like r͏ust, scratche͏s ͏extreme temperatures chemicals sunlight water and germs͏. The U.S. ͏paint and coati͏ng͏s market are growing due to͏ increased demand from construction automotive a͏nd industrial sectors Im͏pr͏ovements in sustai͏nable high-performance coati͏ngs alo͏ng with increasing urbanization infrastructure de͏velopment͏ con͏tribute to the market's growth.
U.S. Paints and Coatings Trends
- Shift towards environment-friendly paints and coatings
- Growing popularity of water-based and low-VOC products
- Increased demand for coatings with advanced properties (e.g., antimicrobial, anti-corrosion)
Driving Forces: What's Propelling the U.S. Paints and Coatings Market
- Rising construction activities in the residential and non-residential sectors
- Increasing automotive production and aftermarket demand
- Growing awareness of the importance of surface protection and aesthetics
Challenges and Restraints in U.S. Paints and Coatings Market
- Fluctuations in raw material prices
- Environmental regulations limiting the use of certain chemicals
- Competition from imported coatings
Emerging Trends in U.S. Paints and Coatings
- Development of nanotechnology-based coatings
- Advancements in virtual and augmented reality for product visualization
- Growing adoption of smart coatings with sensors and monitoring capabilities
Growth Catalysts in U.S. Paints and Coatings Industry
- Government Initiatives: Stricter environmental regulations and incentives for energy-efficient and sustainable practices drive demand for eco-friendly paints and coatings.
- Technological Advancements: Developments in nanotechnology, advanced resins, and VOC-free formulations enhance product performance and durability.
- Industry Consolidation: Strategic acquisitions and partnerships among industry giants consolidate market power, drive innovation, and expand product offerings.
- Increasing Demand in Construction: Growth in residential and commercial construction fuels demand for specialized architectural paints and coatings.
- Rising Consumer Spending: Pandemic-induced home improvements and renovation projects stimulate consumer spending on paints and coatings for home decor and protection.
- Expansion in Industrial Applications: Increased use of coatings for automotive, aerospace, and infrastructure projects drives growth in industrial segments.
- Focus on Specialty Coatings: High-performance coatings for specific applications, such as corrosion resistance, anti-fouling, and thermal regulation, gain traction in niche markets.
Market Segmentation: U.S. Paints and Coatings Analysis
Resin
- Epoxy
- Acrylic
- Polyester
- Alkyd
- Polyurethane
- Others
Technology
- Water-Based
- Solvent-Based
- Powder Coating
- Others
Application
- Architectural
- Automotive OEM
- Marine
- Coil
- General Industries
- Protective Coatings
- Automotive Refinish
- Industrial Wood
- Others
Leading Players in the U.S. Paints and Coatings Market
- PPG Industries, Inc.
- Axalta Coating Systems
- The Sherwin-Williams Company
- RPM International Inc.
- Dunn-Edwards Corporation
- Kansai Paint Co. Ltd.
- BASF SE
- 3M
- Sika AG
- Masco Corporation
Significant developments in U.S. Paints and Coatings Sector
- February 2022: The Sherwin-Williams Company acquired AquaSurTech, solidifying Sherwin-Williams' position as a major producer of coating solutions in the building materials sector.
- October 2021: PPG's COMEX brand introduced the Comex VINIMEX TOTAL Antiviral and Antibacterial paint.
- June 2021: PPG acquired Tikkurila, a Nordic paints and coatings company.
Comprehensive Coverage U.S. Paints and Coatings Market Report
- Detailed market analysis
- Comprehensive industry insights
- Porter's Five Forces analysis
- SWOT framework
- Company profiles
Regional Insight
- U.S. North East
- U.S. South East
- U.S. Mid West
- U.S. West Coast
Consumer Side Analysis
- Consumer preferences
- Buying behavior
- Consumer segmentation
Demand Side Analysis
- Market drivers and restraints
- End-user demand analysis
- Industry growth catalysts
Import And Export Analysis
- Import and export data
- Trade analysis
- Market dynamics
Pricing Strategies
- Pricing models
- Market share analysis
- Competitive landscape
Segmentation
- Detailed segmentation by resin, technology, application, and region
- Analysis of each segment's market size and growth potential
U.S. Paints and Coatings Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 5.1% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Expanding Packaging Industry to Propel the Market Growth
- 3.3. Market Restrains
- 3.3.1. Need for More Drying Time for Water-based Coatings May Hinder Market Growth
- 3.4. Market Trends
- 3.4.1. Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Resin
- 5.1.1. Epoxy
- 5.1.2. Acrylic
- 5.1.3. Polyester
- 5.1.4. Alkyd
- 5.1.5. Polyurethane
- 5.1.6. Others
- 5.2. Market Analysis, Insights and Forecast - by Technology
- 5.2.1. Water-Based
- 5.2.2. Solvent-Based
- 5.2.3. Powder Coating
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Application
- 5.3.1. Architectural
- 5.3.2. Automotive OEM
- 5.3.3. Marine
- 5.3.4. Coil
- 5.3.5. General Industries
- 5.3.6. Protective Coatings
- 5.3.7. Automotive Refinish
- 5.3.8. Industrial Wood
- 5.3.9. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Resin
- 6. Northeast U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Resin
- 6.1.1 Epoxy
- 6.1.2 Acrylic
- 6.1.3 Polyester
- 6.1.4 Alkyd
- 6.1.5 Polyurethane
- 6.1.6 and Others
- 6.2. Market Analysis, Insights and Forecast - By Technology
- 6.2.1 Water-Based
- 6.2.2 Solvent-Based
- 6.2.3 Powder Coating
- 6.2.4 and Others
- 6.3. Market Analysis, Insights and Forecast - By Application
- 6.3.1 Architectural
- 6.3.2 Automotive OEM
- 6.3.3 Marine
- 6.3.4 Coil
- 6.3.5 General Industries
- 6.3.6 Protective Coatings
- 6.3.7 Automotive Refinish
- 6.3.8 Industrial Wood
- 6.3.9 and Others
- 7. Southeast U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Resin
- 7.1.1 Epoxy
- 7.1.2 Acrylic
- 7.1.3 Polyester
- 7.1.4 Alkyd
- 7.1.5 Polyurethane
- 7.1.6 and Others
- 7.2. Market Analysis, Insights and Forecast - By Technology
- 7.2.1 Water-Based
- 7.2.2 Solvent-Based
- 7.2.3 Powder Coating
- 7.2.4 and Others
- 7.3. Market Analysis, Insights and Forecast - By Application
- 7.3.1 Architectural
- 7.3.2 Automotive OEM
- 7.3.3 Marine
- 7.3.4 Coil
- 7.3.5 General Industries
- 7.3.6 Protective Coatings
- 7.3.7 Automotive Refinish
- 7.3.8 Industrial Wood
- 7.3.9 and Others
- 8. Midwest U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Resin
- 8.1.1 Epoxy
- 8.1.2 Acrylic
- 8.1.3 Polyester
- 8.1.4 Alkyd
- 8.1.5 Polyurethane
- 8.1.6 and Others
- 8.2. Market Analysis, Insights and Forecast - By Technology
- 8.2.1 Water-Based
- 8.2.2 Solvent-Based
- 8.2.3 Powder Coating
- 8.2.4 and Others
- 8.3. Market Analysis, Insights and Forecast - By Application
- 8.3.1 Architectural
- 8.3.2 Automotive OEM
- 8.3.3 Marine
- 8.3.4 Coil
- 8.3.5 General Industries
- 8.3.6 Protective Coatings
- 8.3.7 Automotive Refinish
- 8.3.8 Industrial Wood
- 8.3.9 and Others
- 9. Southwest U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Resin
- 9.1.1 Epoxy
- 9.1.2 Acrylic
- 9.1.3 Polyester
- 9.1.4 Alkyd
- 9.1.5 Polyurethane
- 9.1.6 and Others
- 9.2. Market Analysis, Insights and Forecast - By Technology
- 9.2.1 Water-Based
- 9.2.2 Solvent-Based
- 9.2.3 Powder Coating
- 9.2.4 and Others
- 9.3. Market Analysis, Insights and Forecast - By Application
- 9.3.1 Architectural
- 9.3.2 Automotive OEM
- 9.3.3 Marine
- 9.3.4 Coil
- 9.3.5 General Industries
- 9.3.6 Protective Coatings
- 9.3.7 Automotive Refinish
- 9.3.8 Industrial Wood
- 9.3.9 and Others
- 10. West U.S. Paints and Coatings Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Resin
- 10.1.1 Epoxy
- 10.1.2 Acrylic
- 10.1.3 Polyester
- 10.1.4 Alkyd
- 10.1.5 Polyurethane
- 10.1.6 and Others
- 10.2. Market Analysis, Insights and Forecast - By Technology
- 10.2.1 Water-Based
- 10.2.2 Solvent-Based
- 10.2.3 Powder Coating
- 10.2.4 and Others
- 10.3. Market Analysis, Insights and Forecast - By Application
- 10.3.1 Architectural
- 10.3.2 Automotive OEM
- 10.3.3 Marine
- 10.3.4 Coil
- 10.3.5 General Industries
- 10.3.6 Protective Coatings
- 10.3.7 Automotive Refinish
- 10.3.8 Industrial Wood
- 10.3.9 and Others
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 PPG Industries Inc. (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Axalta Coating Systems (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 The Sherwin-Williams Company (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 RPM International Inc. (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Dunn-Edwards Corporation (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Kansai Paint Co. Ltd. (India)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 BASF SE (Germany)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 3M (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Sika AG (Switzerland)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Masco Corporation (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 PPG Industries Inc. (U.S.)
List of Figures
- Figure 1: U.S. Paints and Coatings Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Paints and Coatings Market Value Share (%), by Resin 2023 & 2031
- Figure 3: U.S. Paints and Coatings Market Value Share (%), by Technology 2023 & 2031
- Figure 4: U.S. Paints and Coatings Market Value Share (%), by Application 2023 & 2031
- Figure 5: U.S. Paints and Coatings Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Resin 2018 & 2031
- Table 2: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Resin 2018 & 2031
- Table 3: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 4: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Technology 2018 & 2031
- Table 5: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 6: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Application 2018 & 2031
- Table 7: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 8: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Region 2018 & 2031
- Table 9: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Resin 2018 & 2031
- Table 10: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Resin 2018 & 2031
- Table 11: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 12: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Technology 2018 & 2031
- Table 13: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 14: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Application 2018 & 2031
- Table 15: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 16: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Region 2018 & 2031
- Table 17: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Resin 2018 & 2031
- Table 18: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Resin 2018 & 2031
- Table 19: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 20: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Technology 2018 & 2031
- Table 21: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 22: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Application 2018 & 2031
- Table 23: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 24: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Country 2018 & 2031
- Table 25: Northeast U.S. Paints and Coatings Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 26: Northeast U.S. Paints and Coatings Market Volume (Kiloton) Forecast, by Application 2018 & 2031
- Table 27: Southeast U.S. Paints and Coatings Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 28: Southeast U.S. Paints and Coatings Market Volume (Kiloton) Forecast, by Application 2018 & 2031
- Table 29: Midwest U.S. Paints and Coatings Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 30: Midwest U.S. Paints and Coatings Market Volume (Kiloton) Forecast, by Application 2018 & 2031
- Table 31: Southwest U.S. Paints and Coatings Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 32: Southwest U.S. Paints and Coatings Market Volume (Kiloton) Forecast, by Application 2018 & 2031
- Table 33: West U.S. Paints and Coatings Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 34: West U.S. Paints and Coatings Market Volume (Kiloton) Forecast, by Application 2018 & 2031
- Table 35: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Resin 2018 & 2031
- Table 36: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Resin 2018 & 2031
- Table 37: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Technology 2018 & 2031
- Table 38: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Technology 2018 & 2031
- Table 39: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 40: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Application 2018 & 2031
- Table 41: U.S. Paints and Coatings Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 42: U.S. Paints and Coatings Market Volume Kiloton Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 5.1% from 2018-2032 |
| Segmentation |
|
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