The U.S. paints and coatings market size was valued at USD 23 billion in 2019 and is anticipated to grow at a CAGR of 3.4% from 2020 to 2027.
The market is expected to be driven by increasing commercial construction activities and rising demand for the product from the automotive sector in the country. Paints and coatings are used to perform a wide range of functions in various end-use industries. Their functions differ depending on the type of environment that they are used on. They are applied to different equipment to ensure resistance to wear and tear, anticorrosion, aesthetic, durability, and operational efficiency. The growing construction sector in the country owing to positive market fundamentals for commercial real estate and a strong economy, along with rising state and federal funding for institutional buildings and public works, is expected to support the demand for paints and coating in the country over the forecast period.
The waterborne segment led the market and accounted for more than 44% share of the overall revenue in 2019. Rising adoption by the end-use industry of eco-friendly paints and coatings and growing strictness in environmental regulations in the country are expected to fuel the demand for waterborne paints and coatings over the forecast period. Water-based paints and coatings are primarily used where solvent-based coatings are expected to react with the substrate. They are ideal primers as they possess excellent thermal and corrosion resistance. In addition, they are flame-resistant and have low toxicity owing to their low VOC content and low hazardous air pollutant emissions.
Powder-based paints and coatings are projected to witness the highest growth over the forecast period as they are more durable and eco-friendly as compared to their counterparts. They have negligible VOC content due to the absence of solvents, and thus they comply more efficiently and economically with the environmental protection regulations. Increasing demand for low VOC or zero-emission coatings in the U.S. is expected to propel the demand for powder-based U.S. paints and coatings over the forecast period.
The architectural and decorative segment led the market and accounted for more than 55% share of the overall revenue in 2019. Rising infrastructure spending in the U.S. is expected to potentially fuel the growth of the construction industry over the forecast period. Furthermore, other upcoming construction projects include the construction of the South California Civic Center campus, the O’Hare Airport Construction Project, LaGuardia Airport Construction Project, and the Second Avenue Subway Construction Project. This is expected to further propel the demand for U.S. Paints and Coatings in architectural and decorative applications in the coming years.
The U.S. has witnessed significant growth in automobile production in the recent past. For instance, in March 2017, an automotive manufacturer, Ford, announced the production expansion of trucks and SUVs in three of its facilities located in Michigan, the U.S. The overall cost of the expansion was approximately USD 1.2 billion. Capacity additions and expansion of plants by automotive companies in the U.S. are further expected to augment the demand for paint and coatings. In January 2018, Toyota Motors and Mazda Motors jointly announced the expansion of their production plant in Alabama, U.S. This expansion is anticipated to fuel the use of architectural U.S. Paints and Coatings.
The acrylic segment led the market and accounted for more than 40% share of the overall revenue in 2019. This is attributed to its high demand from infrastructure, automotive, paints and varnishes, and paints and metal coating applications. They offer excellent physical and chemical properties, such as fire resistance, UV light resistance, abrasion resistance, vapor permeability, high weathering resistance, and gloss retention, which make them highly suitable for the application in various end-use industries.
Epoxy is another material segment that is widely used in construction, shipbuilding, and wastewater treatment plants owing to its excellent properties, such as resistance to stains, cracking, extreme temperatures, and blistering. Increasing demand for epoxy-based paints and coatings in home appliances, such as refrigerators and washing machines, to protect them from food acids, corrosive gases, and humidity, extend the service life and improve the aesthetics of appliances is expected to fuel the segment growth over the forecast period.
Some of the prominent players in the U.S. paints and coatings market include:
The Sherwin Williams Company
Axalta Coating Systems, LLC
PPG Industries, Inc.
RPM International, Inc.
BASF SE
3M
Sika AG
Market Segmentation
Product Outlook
Waterborne Coatings
Solvent-borne Coatings
Powder Coatings
High Solids/Radiation Curing
Others (Specialty Coatings)
Material Outlook
Acrylic
Polyester
Alkyd
Polyurethane
Epoxy
Others
Application Outlook
Architectural & Decorative
Non-architectural
Automotive & Transportation
Wood
General Industrial
Marine
Protective
Others
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
Chapter 3 U.S. Paints and Coatings Market - Variables, Trends, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Paints And Coatings Market Outlook
3.1.2 U.S Paints And Coatings Market Outlook
3.2 Penetration & Growth Prospects Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.4 Technology Overview
3.4.1 Solvent-Based
3.4.2 Water-Based
3.4.3 Powder Coating
3.5 Regulatory Framework
3.5.1 Standard & Compliances
3.5.2 Safety
3.5.3 acrylic resin
3.5.4 EPOXY RESIN
3.5.5 Polyurethane resin
3.5.6 Alkyd resin
3.5.7 Alkyd resin
3.6 Market Driver Analysis
3.6.1 Growing Construction Activities Are Pushing The Demand For The U.S. Paints And Coatings Market
3.6.2 Increasing Awareness Regarding Environmentally Friendly And Sustainable Alternatives Is Anticipated To Boost The U.S. Paint And Coatings Market
3.7 Market Restraint
3.7.1 Stringent Regulations Regarding Toxic Solvents
3.8 Business Environment Analysis: U.S. Paints And Coatings Market
3.8.1 Porters Five Forces Analysis
3.8.2 Pestel Analysis
Chapter 4 U.S. Paints and Coatings Market: Product Estimates & Trend Analysis
4.1 U.S. Paints and Coatings Market: Product Movement Analysis & Market Share, 2019 & 2027
4.2 High solids/radiation curing
4.2.1 U.S. Paints And Coatings Market Estimates And Forecasts, By High Solids/Radiation Curing, 2016 - 2027 (Kilotons) (USD Million)
4.3 Powder-Based
4.3.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Powder-Based, 2016 - 2027 (Kilotons) (USD Million)
4.4 Water-Borne
4.4.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Water-Based, 2016 - 2027 (Kilotons) (USD Million)
4.5 Solvent-Borne
4.5.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Solvent-Based, 2016 - 2027 (Kilotons) (USD Million)
4.6 Others
4.6.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Others, 2016 - 2027 (Kilotons) (USD Million)
Chapter 5 U.S. Paints and Coatings Market: Material Estimates & Trend Analysis
5.1 U.S. Paints and Coatings Market: Material Movement Analysis & Market Share, 2019 & 2027
5.2 Acrylic
5.2.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Acrylic, 2016 - 2027 (Kilotons) (USD Million)
5.3 Alkyd
5.3.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Alkyd, 2016 - 2027 (Kilotons) (USD Million)
5.4 Polyurethane
5.4.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Polyurethane, 2016 - 2027 (Kilotons) (USD Million)
5.5 Epoxy
5.5.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Epoxy, 2016 - 2027 (Kilotons) (USD Million)
5.6 Polyester
5.6.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Polyester, 2016 - 2027 (Kilotons) (USD Million)
5.7 Others
5.7.1 U.S. Paints And Coatings Market Estimates And Forecasts, By Others, 2016 - 2027 (Kilotons) (USD Million)
Chapter 6 U.S. Paints and Coatings Market: Application Estimates & Trend Analysis
6.1 U.S. Paints and Coatings Market: Application Movement Analysis & Market Share, 2019 & 2027
6.2 Architectural & Decorative
6.2.1 U.S. Paints And Coatings Market Estimates And Forecasts, In Architectural & Decorative, 2016 - 2027 (Kilotons) (USD Million)
6.3 Non-Architectural
6.3.1 U.S. Paints And Coatings Market Estimates And Forecasts, In Non-Architectural, 2016 - 2027 (Kilotons) (USD Million)
6.3.1.1 Automotive & Transportation
6.3.1.2 Wood
6.3.1.3 General Industrial
6.3.1.4 Marine
6.3.1.5 Protective
6.3.1.5 Others
Chapter 7 Competitive Landscape
7.1 Vendor landscape
7.1.1 List Of Key Distributors & Channel Partners
7.1.2 Key Potential Customers
7.2 Competitive Environment
7.2.1 Competitive Dashboard Analysis
7.2.2 Key Strategic Framework
Chapter 8 Company Profiles
8.1 Masco Corporation
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.2 Benjamin Moore & Co.
8.2.1 Company Overview
8.2.2 Product Benchmarking
8.3 PPG Industries, Inc.
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Nippon Paint Holdings Co., Ltd.
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Axalta Coating Systems, LLC
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 The Sherwin-Williams Company
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.6.4 Strategic Initiatives
8.7 RPM International Inc.
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.8 Rust-Oleum
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.8.3 Strategic Initiatives
8.9 BASF SE
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.10 Sika AG
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.11 3M
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.12 The Chemours Company
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers