U.S. Paints & Coatings Market Size, Share & Trends Analysis Report By Product (High Solids/Radiation Curing, Powder, Waterborne, Solvent-borne), By Material, By Application, And Segment Forecasts, 2020 - 2027
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U.S. Paints & Coatings Market Growth & Trends
The U.S. paints and coatings market size is anticipated to reach USD 32.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growth of the market is attributed to a rise in the construction activities and increasing demand for paints and coatings from durable goods, motor vehicles, and industrial maintenance applications in the country.
Rising construction spending and several national policies to promote the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities, coupled with infrastructure development in the country, as a result of rapid industrialization are expected to provide immense market potential in the U.S. over the forecast period.
However, the spread of the coronavirus pandemic has drastically impacted the growth of the building and construction sector in the country and has led to a decrease in the infrastructural development activities in 2020 as the major companies have either held their capital investment and their ongoing and planned construction projects or have canceled their projects, such as Google’s planned Mission Bay project. This has led to a decrease in the demand for paints and coatings for architectural and decorative applications.
On the basis of product, the market is segmented into high solids/radiation curing, powder coatings, waterborne coatings, solvent-borne coatings, and others (specialty coatings). High solids and radiation curing coatings relatively account for a small portion of the U.S. market. However, the adoption of these coatings is rising in various applications, such as marine, aerospace, paper, and paperboard, and construction, owing to their rapid curing and excellent physical properties. This is expected to fuel the growth of the segment in the coming years.
U.S. Paints & Coatings Market Report Highlights
U.S. Paints & Coatings Market Growth & Trends
The U.S. paints and coatings market size is anticipated to reach USD 32.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growth of the market is attributed to a rise in the construction activities and increasing demand for paints and coatings from durable goods, motor vehicles, and industrial maintenance applications in the country.
Rising construction spending and several national policies to promote the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities, coupled with infrastructure development in the country, as a result of rapid industrialization are expected to provide immense market potential in the U.S. over the forecast period.
However, the spread of the coronavirus pandemic has drastically impacted the growth of the building and construction sector in the country and has led to a decrease in the infrastructural development activities in 2020 as the major companies have either held their capital investment and their ongoing and planned construction projects or have canceled their projects, such as Google’s planned Mission Bay project. This has led to a decrease in the demand for paints and coatings for architectural and decorative applications.
On the basis of product, the market is segmented into high solids/radiation curing, powder coatings, waterborne coatings, solvent-borne coatings, and others (specialty coatings). High solids and radiation curing coatings relatively account for a small portion of the U.S. market. However, the adoption of these coatings is rising in various applications, such as marine, aerospace, paper, and paperboard, and construction, owing to their rapid curing and excellent physical properties. This is expected to fuel the growth of the segment in the coming years.
U.S. Paints & Coatings Market Report Highlights
- On the basis of product, the waterborne segment held the largest share of over 46.0% in 2019
- By material, the acrylic segment accounted for more than 42.0% 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
- Based on the application, the architectural and decorative segment accounted for over 57.0% share of the overall revenue in 2019.
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 GVR’S 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
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’S 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
LIST OF TABLES
Table 1 List of Abbreviations
Table 2 U.S. paints and coatings market estimates and forecasts, by high solids/radiation curing, 2016 - 2027 (Kilotons) (USD Million)
Table 3 U.S. paints and coatings market estimates and forecasts, by powder-based, 2016 - 2027 (Kilotons) (USD Million)
Table 4 U.S. paints and coatings market estimates and forecasts, by water-based, 2016 - 2027 (Kilotons) (USD Million)
Table 5 U.S. Paints and Coatings market estimates and forecasts, by solvent-based, 2016 - 2027 (Kilotons) (USD Million)
Table 6 U.S. paints and coatings market estimates and forecasts, by others, 2016 - 2027 (Kilotons) (USD Million)
Table 7 U.S. paints and coating market estimates and forecasts, by acrylic, 2016 - 2027 (Kilotons) (USD Million)
Table 8 U.S. paints and coating market estimates and forecasts, by alkyd, 2016 - 2027 (Kilotons) (USD Million)
Table 9 U.S. paints and coating market estimates and forecasts, by polyurethane, 2016 - 2027 (Kilotons) (USD Million)
Table 10 U.S. paints and coating market estimates and forecasts, by epoxy, 2016 - 2027 (Kilotons) (USD Million)
Table 11 U.S. paints and coating market estimates and forecasts, by polyester, 2016 - 2027 (Kilotons) (USD Million)
Table 12 U.S. paints and coating market estimates and forecasts, by others, 2016 - 2027 (Kilotons) (USD Million)
Table 13 U.S. paints and coating market estimates and forecasts, by architectural & decorative, 2016 - 2027 (Kilotons) (USD Million)
Table 14 U.S. paints and coating market estimates and forecasts, in non-architectural, 2016 - 2027 (Kilotons)
Table 15 U.S. paints and coatings market estimates and forecasts, in non-architectural, 2016 - 2027 (USD Million)
Table 1 List of Abbreviations
Table 2 U.S. paints and coatings market estimates and forecasts, by high solids/radiation curing, 2016 - 2027 (Kilotons) (USD Million)
Table 3 U.S. paints and coatings market estimates and forecasts, by powder-based, 2016 - 2027 (Kilotons) (USD Million)
Table 4 U.S. paints and coatings market estimates and forecasts, by water-based, 2016 - 2027 (Kilotons) (USD Million)
Table 5 U.S. Paints and Coatings market estimates and forecasts, by solvent-based, 2016 - 2027 (Kilotons) (USD Million)
Table 6 U.S. paints and coatings market estimates and forecasts, by others, 2016 - 2027 (Kilotons) (USD Million)
Table 7 U.S. paints and coating market estimates and forecasts, by acrylic, 2016 - 2027 (Kilotons) (USD Million)
Table 8 U.S. paints and coating market estimates and forecasts, by alkyd, 2016 - 2027 (Kilotons) (USD Million)
Table 9 U.S. paints and coating market estimates and forecasts, by polyurethane, 2016 - 2027 (Kilotons) (USD Million)
Table 10 U.S. paints and coating market estimates and forecasts, by epoxy, 2016 - 2027 (Kilotons) (USD Million)
Table 11 U.S. paints and coating market estimates and forecasts, by polyester, 2016 - 2027 (Kilotons) (USD Million)
Table 12 U.S. paints and coating market estimates and forecasts, by others, 2016 - 2027 (Kilotons) (USD Million)
Table 13 U.S. paints and coating market estimates and forecasts, by architectural & decorative, 2016 - 2027 (Kilotons) (USD Million)
Table 14 U.S. paints and coating market estimates and forecasts, in non-architectural, 2016 - 2027 (Kilotons)
Table 15 U.S. paints and coatings market estimates and forecasts, in non-architectural, 2016 - 2027 (USD Million)
LIST OF FIGURES
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 U.S. Paints and Coatings Market Snapshot, 2019 (USD Million)
Fig. 8 U.S. Paints and Coatings Market Segmentation
Fig. 9 U.S. Paints and Coatings Market: Penetration & Growth Prospects Mapping
Fig. 10 U.S. Paints and Coatings Market: Value Chain Analysis
Fig. 11 U.S. Construction Spending, 2014 to 2019 (USD Billion)
Fig. 12 Porters Five Forces Analysis: U.S. Paints and Coatings Market
Fig. 13 PESTEL Analysis: U.S. Paints and Coatings Market
Fig. 14 U.S. Paints and Coatings Market: Product Movement Analysis, 2019 & 2027
Fig. 15 U.S. Paints and Coating Market: Material Movement Analysis, 2019 & 2027
Fig. 16 U.S. Paints and Coating Market: Application Movement Analysis, 2019 & 2027
Fig. 17 Competitive dashboard analysis
Fig. 18 U.S. Paints and Coatings: Strategic Initiatives
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 U.S. Paints and Coatings Market Snapshot, 2019 (USD Million)
Fig. 8 U.S. Paints and Coatings Market Segmentation
Fig. 9 U.S. Paints and Coatings Market: Penetration & Growth Prospects Mapping
Fig. 10 U.S. Paints and Coatings Market: Value Chain Analysis
Fig. 11 U.S. Construction Spending, 2014 to 2019 (USD Billion)
Fig. 12 Porters Five Forces Analysis: U.S. Paints and Coatings Market
Fig. 13 PESTEL Analysis: U.S. Paints and Coatings Market
Fig. 14 U.S. Paints and Coatings Market: Product Movement Analysis, 2019 & 2027
Fig. 15 U.S. Paints and Coating Market: Material Movement Analysis, 2019 & 2027
Fig. 16 U.S. Paints and Coating Market: Application Movement Analysis, 2019 & 2027
Fig. 17 Competitive dashboard analysis
Fig. 18 U.S. Paints and Coatings: Strategic Initiatives
