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United States Paints and Coatings Market

United States Paints and Coatings Market Size, Share, Trends: By Resin Type: Epoxy, Acrylics, Alkyd, Polyurethane, Polyester, Others; By Technology: Water-Borne, Solvent-Borne, Powder Coating, UV-Cured Coating; By End Use: Automotive, Protective Coatings, Transportation, Others; Regional Analysis; Competitive Landscape; 2024-2032

United States Paints and Coatings Market Outlook

The United States paints and coatings market size reached nearly USD 27.55 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching almost USD 39.62 billion by 2032.

 

Key Takeaways:

  • Protective coatings are expected to constitute a major portion of the United States paints and coatings market share.
  • Sustainability is expected to remain one of the key trends propelling the market forward.
  • The increasing use of big data in the paints and coatings market is expected to drive the market growth.

 

The strengthening of legal regulations surrounding the use of paints and coatings which emit volatile organic compounds is expected to accelerate the demand for sustainable paints and coatings in the United States. This is because sustainable paints and coatings are manufactured from renewable sources, which helps in minimising waste generation and reducing the carbon footprint. The growing focus on sustainability is also expected to increase the demand for water-borne coatings, thereby contributing towards the United States paints and coatings market expansion.

 

The rising popularity of self-cleaning coatings in the construction, furniture, and automotive industries is expected to drive the market growth. This is because self-cleaning coatings break down impurities under sunlight, which get washed away easily with the application of water. The increasing importance attached to the maintenance of the aesthetic appeal of houses and other items is expected to drive the United States paints and coatings market development in the coming years.

 

The integration of artificial intelligence and the Industrial Internet of things into the manufacturing process has enabled in-process detection of defects in industrial paints and coatings, which has led to an improvement in product quality. Moreover, the incorporation of nanoparticles such as metals into industrial coatings for specific applications such as electrical conductivity, UV resistance, or stronger adhesion is expected to garner increasing appeal among key industrial players, thereby driving the United States paints and coatings market growth forward.

 

United States Paints and Coatings Market

 

Market Segmentation

United States Paints and Coatings Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Resin Type

  • Epoxy
  • Acrylics
  • Alkyd
  • Polyurethane
  • Polyester
  • Others

 

Market Breakup by Technology

  • Water-Borne
  • Solvent-Borne
  • Powder Coating
  • UV-Cured Coating

 

Market Breakup by End Use

  • Automotive
  • Protective Coatings
  • Transportation
  • Architectural
  • Packaging
  • Others

 

Market Breakup by Region

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West

 

The key United States paints and coatings market players are BASF SE, PPG Industries, Inc., Axalta Coating Systems Ltd., Sherwin-Williams Co., Nippon Paint Holdings Co. Ltd. (Dunn-Edwards Corporation), RPM International Inc., Benjamin Moore & Co., 3M Co., Akzo Nobel N.V., and Masco Corporation, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Resin Type
  • Technology
  • End Use
  • Region
Breakup by Resin Type
  • Epoxy
  • Acrylics
  • Alkyd
  • Polyurethane
  • Polyester
  • Others
Breakup by Technology
  • Water-Borne
  • Solvent-Borne
  • Powder Coating
  • UV-Cured Coating
Breakup by End Use
  • Automotive
  • Protective Coatings
  • Transportation
  • Architectural
  • Packaging
  • Others
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • PPG Industries, Inc.
  • Axalta Coating Systems Ltd.
  • Sherwin-Williams Co.
  • Nippon Paint Holdings Co. Ltd. (Dunn-Edwards Corporation)
  • RPM International Inc.
  • Benjamin Moore & Co.
  • 3M Co.
  • Akzo Nobel N.V.
  • Masco Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    North America Paints and Coatings Market Overview

    8.1    Key Industry Highlights
    8.2    North America Paints and Coatings Historical Market (2018-2023) 
    8.3    North America Paints and Coatings Market Forecast (2024-2032)
    8.4    North America Paints and Coatings Market by Country
        8.4.1    United States
        8.4.2    Canada
9    United States Paints and Coatings Market Overview
    9.1    Key Industry Highlights
    9.2    United States Paints and Coatings Historical Market (2018-2023) 
    9.3    United States Paints and Coatings Market Forecast (2024-2032)
10    United States Paints and Coatings Market by Resin Type
    10.1    Epoxy
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Acrylics
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Alkyd
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Polyurethane
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Polyester
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    United States Paints and Coatings Market by Technology
    11.1    Water-Borne
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Solvent-Borne
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Powder Coating
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    UV-Cured Coating
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
12    United States Paints and Coatings Market by End Use
    12.1    Automotive
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Protective Coatings
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Transportation
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Architectural
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Packaging
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032)
    12.6    Others
13    United States Paints and Coatings Market by Region
    13.1    New England
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Mideast
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Great Lakes
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Plains
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Southeast
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    13.6    Southwest
        13.6.1    Historical Trend (2018-2023)
        13.6.2    Forecast Trend (2024-2032)
    13.7    Rocky Mountain
        13.7.1    Historical Trend (2018-2023)
        13.7.2    Forecast Trend (2024-2032)
    13.8    Far West
        13.8.1    Historical Trend (2018-2023)
        13.8.2    Forecast Trend (2024-2032)
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Trade Data Analysis (HS Code – 3208)
    15.1    Major Exporting Countries 
        15.1.1    By Value
        15.1.2    By Volume
    15.2    Major Importing Countries 
        15.2.1    By Value
        15.2.2    By Volume
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BASF SE 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    PPG Industries, Inc.   
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Axalta Coating Systems Ltd.   
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Sherwin-Williams Co.  
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Nippon Paint Holdings Co. Ltd. (Dunn-Edwards Corporation) 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    RPM International Inc.  
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Benjamin Moore & Co.   
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    3M Co.   
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications 
        16.2.9    Akzo Nobel N.V.  
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Masco Corporation  
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    North America Paints and Coatings Market: Key Industry Highlights, 2018 and 2032
2.    United States Paints and Coatings Market: Key Industry Highlights, 2018 and 2032
3.    United States Paints and Coatings Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
4.    United States Paints and Coatings Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
5.    United States Paints and Coatings Historical Market: Breakup by Technology (USD Billion), 2018-2023
6.    United States Paints and Coatings Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7.    United States Paints and Coatings Historical Market: Breakup by End Use (USD Billion), 2018-2023
8.    United States Paints and Coatings Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9.    United States Paints and Coatings Historical Market: Breakup by Region (USD Billion), 2018-2023
10.    United States Paints and Coatings Market Forecast: Breakup by Region (USD Billion), 2024-2032
11.    Major Exporting Countries by Value
12.    Major Importing Countries by Value
13.    Major Exporting Countries by Volume
14.    Major Importing Countries by Volume
15.    United States Paints and Coatings Market Structure

Key Questions Answered in the Report

The market was valued at nearly USD 27.55 billion in 2023.

The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 39.62 billion in 2032.

The different end uses of paints and coatings are automotive, protective coatings, transportation, architectural, and packaging, among others.

The different resin types in the market report are epoxy, acrylics, alkyd, polyurethane, and polyester, among others.

The different technologies in the market include water-borne, solvent-borne, powder coating, and UV-cured coating.

The major regions in the market include the New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The key market players are BASF SE, PPG Industries, Inc., Axalta Coating Systems Ltd., Sherwin-Williams Co., Nippon Paint Holdings Co. Ltd. (Dunn-Edwards Corporation), RPM International Inc., Benjamin Moore & Co., 3M Co., Akzo Nobel N.V., and Masco Corporation, among others.

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