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The United States Paints and Coatings Market Report Segments the Industry by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV Technology), Distribution Channel (Company-Owned Stores, Independent Paint Dealers, and More), and End-User Industry (Architectural, Automotive, Wood, Protective Coatings, General Industrial, and More).
In 2024, the market value of the paint and coatings industry in the United States was estimated at approximately ***** billion U.S. dollars. It is forecast that the industry will reach a market value of some ***** billion dollars in 2025.
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The North America Paints And Coatings Market report segments the industry into Resin Type (Acrylics, Alkyd, Epoxy, Polyester, Polyurethane, Other Resin Types), Technology (Water-borne, Solvent-borne, Powder Coating, UV-cured Coating), End-User (Architectural, Automotive, Wood, Protective Coatings, General Industrial, Transportation, Packaging) and Geography (United States, Canada, Mexico, Rest of North America).
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The United States paints and coatings market value reached nearly USD 27.55 Billion in 2024. The market is projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching almost USD 41.17 Billion by 2034.
In 2024, architectural coatings were estimated to account for ** percent of the paint and coatings market value in the United States. OEM and special purpose coatings had a market share of ** and ** percent, respectively. That year, the U.S. paints and coatings market value was estimated at around **** billion U.S. dollars.
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The US Paints and Coatings Market size was valued at USD 27550 Million in 2023 and is projected to reach USD 39620 Million by 2032, exhibiting a CAGR of 4.00">> 4.00 % during the forecast periods. The paints and coatings market of the US would grow further due to growing construction, automobile, and industrial sectors. These coatings exhibit good adhesion, durability, and resistance to climatic and other environmental factors. Typical uses are residential and commercial buildings, auto parts, and industrial equipment. The segmentation of the market is based on: by type, architectural, industrial, and specialty coatings; and by technology: solvent-borne, water-borne, and powder coatings. Advancements in technology are focused on eco-friendly formulations and high-performance characteristics. This will connote improved protection and aesthetic coatings on the surface, which contributed to long life and better performance. Growth and innovation are boosted by advantages of compliance with stricter environmental legislation, reduced maintenance, and rise in demand in the market. Recent developments include: January 2023: BYK, a global manufacturer of specialty chemicals, expanded its production facility in Shanghai. The total investment of the phase II project (SCIP II) covers an area of 1.16 hectares, and the site is designed for an annual capacity of 4,750 tons. BYK is significantly expanding its production capacity in China and expanding its coatings business., November 2022: Sherwin-Williams announced the expansion of the Sheffield paint production facility with a Euro 10 million investment and the relocation of paint production from Europe to the UK. By integrating processes and lowering freight, the investment would increase Sherwin-Williams' capacity to supply the UK and Europe. It will also assist the company in lowering its carbon footprint.. Key drivers for this market are: Increasing Commercial Construction Activities in the United States, Other Drivers. Potential restraints include: Fluctuations in the prices of Raw materials, Other Restraints. Notable trends are: Acrylic Resin Dominating the Market.
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US Paints & Coatings Market stood at USD 21.95 billion in 2023 & expected to project growth in the forecast period with a CAGR of 3.55% through 2028.
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In 2024, the production volume of the paint and coatings industry in the United States was estimated at approximately **** billion gallons. It is forecast that the industry's production will surpass **** billion gallons in 2025.
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Paints & Coatings Market Explore the latest trends and forecasts in the paint industry and discover key drivers, players, and innovations.
The market value of the paint and coatings industry worldwide reached approximately ****** billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass ****** billion U.S. dollars. Paint and coatings companies Sherwin-Williams and PPG industries are the two top players in the global paint and coatings industry. In 2021, each company had a market share of approximately **** percent. The two paints and coatings suppliers are based in the United States. Sherwin-Williams is headquartered in Ohio, whereas PPG Industries’ headquarters are located in Pittsburg, Pennsylvania. Other important paint and coatings companies worldwide include the Dutch multinational AkzoNobel and Japanese manufacturer Nippon Paint. Paint and coatings: a major subset of the chemical industry The paint and coatings industry is broad and dynamic. Paints and coatings are extensively used in building and construction, as well as in a wide variety of industries. These include finishes for automobiles and other transportation equipment, medical products, and wood and non-wood furniture, among others. Research and development in the field is extensive and focuses on coatings with highly specialized applications. Solar panel coatings, self-cleaning paint, and anti-microbial coatings are a few examples.
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The US paints and coatings market, a significant segment of the global industry, is experiencing robust growth, driven by factors such as increasing construction activity, rising demand from the automotive sector, and a growing focus on infrastructure development. The market's considerable size, coupled with a Compound Annual Growth Rate (CAGR) exceeding 4%, signifies substantial investment opportunities. Key segments like architectural coatings continue to dominate, propelled by residential and commercial construction projects. However, the automotive and protective coatings segments also exhibit promising growth potential, fueled by the increasing production of vehicles and the rising need for corrosion prevention in various industries. Technological advancements towards water-borne and powder coating solutions are gaining traction due to their environmentally friendly nature and enhanced performance characteristics. While raw material price fluctuations and stringent environmental regulations pose challenges, the market's resilience is underscored by continuous innovation in product development and the adoption of sustainable manufacturing practices. Major players, including established multinational corporations and regional paint manufacturers, are actively engaged in strategic expansions, mergers, and acquisitions to strengthen their market position and capitalize on the growing demand. The market's regional distribution reveals a strong concentration in urban centers and industrial hubs, although growth is projected across various regions due to ongoing infrastructure projects and rising disposable incomes. The forecast period of 2025-2033 promises continued expansion, with projections indicating substantial market value increases year over year. The competitive landscape is highly fragmented, with both global giants and regional players vying for market share. The success of companies hinges on factors like product innovation, brand recognition, distribution networks, and the ability to cater to specific market needs. The increasing demand for specialized coatings, such as those with enhanced durability, fire resistance, or anti-microbial properties, presents an opportunity for manufacturers to differentiate their offerings. Further growth is expected through strategic partnerships, technological collaborations, and investment in research and development to meet the ever-evolving demands of consumers and industry professionals. The market is characterized by continuous innovation, with new technologies and formulations emerging to address environmental concerns and performance requirements. This ongoing evolution is crucial for maintaining the market’s positive trajectory and sustaining its considerable economic impact. Recent developments include: January 2023: BYK, a global manufacturer of specialty chemicals, expanded its production facility in Shanghai. The total investment of the phase II project (SCIP II) covers an area of 1.16 hectares, and the site is designed for an annual capacity of 4,750 tons. BYK is significantly expanding its production capacity in China and expanding its coatings business., November 2022: Sherwin-Williams announced the expansion of the Sheffield paint production facility with a Euro 10 million investment and the relocation of paint production from Europe to the UK. By integrating processes and lowering freight, the investment would increase Sherwin-Williams' capacity to supply the UK and Europe. It will also assist the company in lowering its carbon footprint.. Key drivers for this market are: Increasing Commercial Construction Activities in the United States, Other Drivers. Potential restraints include: Increasing Commercial Construction Activities in the United States, Other Drivers. Notable trends are: Acrylic Resin Dominating the Market.
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The US Automotive Paints Market outlook to 2028. Explore trends, applications, and resin types. Download sample report now!
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The North America paints and coatings market is projected to reach USD XX million by 2033, exhibiting a CAGR of 4.00% during the forecast period (2025-2033). The growth of the market can be attributed to the increasing demand for paints and coatings from various end-use industries, such as architectural, automotive, wood, and protective coatings. The growing awareness of environmental regulations and the need for sustainable solutions are also driving the demand for eco-friendly paints and coatings. The market is segmented based on resin type, technology, end-user, and geography. In terms of resin type, the acrylics segment is expected to hold the largest share of the market during the forecast period. Acrylics offer excellent durability, color retention, and resistance to fading, making them suitable for both interior and exterior applications. In terms of technology, the water-borne segment is projected to witness significant growth due to its low VOC content and environmental friendliness. The architectural segment is expected to dominate the market in terms of end-user, owing to the increasing demand for paints and coatings for residential and commercial buildings. The United States is anticipated to be the largest market for paints and coatings in North America, followed by Canada and Mexico. Recent developments include: January 2023: AkzoNobel is now using 100% renewable electricity in all its North American locations, helping the company meet its goal of decreasing carbon emissions across the whole value chain by 50% by 2030., October 2022: Sherwin-Williams broke ground to expand manufacturing and distribution facilities in Statesville, North Carolina, with an investment of USD 300 million.. Key drivers for this market are: Increasing Commercial Construction Activities, Other Drivers. Potential restraints include: Increasing Raw Material Prices, Other Restraints. Notable trends are: Increasing Demand from the Architectural Industry.
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The US paints and coatings market is projected to grow from USD 9.38 billion in 2025 to USD 14.31 billion by 2033, at a CAGR of 4.50% during the forecast period. The market is driven by factors such as increasing demand for paints and coatings in the construction and automotive industries, rising consumer disposable income, and growing popularity of do-it-yourself (DIY) projects. The waterborne coatings segment is expected to hold the largest market share during the forecast period, owing to its environmental friendliness, ease of application, and low odor. The architectural and decorative segment is anticipated to dominate the market, driven by increasing construction and renovation activities. The United States is the largest market for paints and coatings, followed by Canada and Mexico. Recent developments include: February 2022: The Sherwin-Williams Company strengthened its position as a significant manufacturer of coating solutions in the building materials industry by acquiring AquaSurTech. Research, production, and distribution of durable, environmentally friendly paints and coatings for vinyl/PVC building items have been the primary focus of AquaSurTech., November 2021: Oskar Nolte GmbH and Klumpp Coatings GmbH were purchased by The Sherwin-Williams Company. The company's strategy of acquiring complementary, superior, and unique businesses is aligned with this purchase, which presents chances to expedite their profitable expansion in the worldwide industrial wood industry.. Notable trends are: Growing Demand from the Architecture Sector to Boost the Market Growth.
The market value of paints and coatings industry in North America was around **** billion U.S. dollars in 2023. It is forecast that this market value will increase to roughly **** billion U.S. dollars by 2031. Additional information on the global paints and coatings market can be found here.
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The United States architectural coatings market, encompassing paints and coatings used for residential and commercial buildings, is a substantial and dynamic sector. While precise figures for market size and CAGR are absent from the provided data, industry reports suggest a sizable market valued in the billions of dollars, experiencing moderate growth. Drivers include increased construction activity, particularly in renovation and refurbishment projects within both residential and commercial sectors, fueled by a growing population and improving economic conditions. Furthermore, the rising demand for aesthetically pleasing and durable finishes, coupled with a growing awareness of sustainable and eco-friendly coatings, are stimulating market expansion. The trend toward high-performance coatings, offering enhanced weather resistance, mildew resistance, and longevity, further contributes to market growth. However, factors such as fluctuating raw material prices, stringent environmental regulations, and competition from substitute materials pose challenges to market expansion. Segment analysis reveals a significant share held by solventborne coatings, traditionally preferred for their performance characteristics. However, the waterborne segment is rapidly gaining traction due to stricter environmental regulations and increasing demand for low-VOC (volatile organic compound) products. Within resin types, acrylic and alkyd resins dominate, showcasing their versatility and cost-effectiveness. Major players like Sherwin-Williams, PPG Industries, and Benjamin Moore compete intensely, leveraging their established brand recognition and extensive distribution networks. The market exhibits regional variations, with the highest concentration in densely populated areas and regions with robust construction activity. Future growth will likely be driven by technological advancements in coating formulations, personalized color options, and the increasing integration of smart technologies in building materials. While challenges remain, the overall outlook for the US architectural coatings market remains positive, fueled by sustained demand and ongoing innovation. Recent developments include: January 2022: PPG announced an expanded relationship with The Home Depot and HD Supply to provide a comprehensive range of professional PPG paint products and services specific to the needs of professional customers.August 2021: PPG introduced new PPG ENVIROCRONTM PCS P4 powder coatings for Architectural, home decor, and furniture applications.June 2021: PPG acquired all the shares of Tikkurila. Tikkurila's brands include Tikkurila, ALCRO, Teks, Vivacolor, and Beckers.. Notable trends are: Residential is the largest segment by Sub End User..
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[250 Pages Report] Newly released Faux Paints and Coatings Market analysis report by Future Market Insights shows that global sales of Faux Paints and Coatings Market in 2021 was held at US$ 7.2 Billion. With 6.3%, the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth. With 7% projected CAGR during 2022 to 2032, revenue through plasters is expected to grow at the highest pace.
Attributes | Details |
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Faux Paints and Coatings Market CAGR (2022 to 2032) | 6.3% |
Faux Paints and Coatings Market Size (2022) | US$ 2.1 Billion |
Faux Paints and Coatings Market Size (2032) | US$ 4.2 Billion |
Faux Paints And Coatings Market Report Scope
Attributes | Details |
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Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | US$ Billion for Value |
Key Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East & Africa |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE and Israel. |
Key Market Segments Covered | Type, Application, Region |
Key Companies Profiled |
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Pricing | Available upon Request |
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The U.S. paint and coating market totaled $29.6B in 2024, remaining constant against the previous year. The market value increased at an average annual rate of +1.9% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the market value increased by 8.7%.
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Statistics illustrates market overview of paints and coatings in the United States from 2013 to 2024.
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Paint manufacturers have faced a rollercoaster of changes in recent years, marked by significant revenue fluctuations and evolving business strategies. The pandemic-induced economic downturn in 2020 dampened demand for industrial coatings as production came to a near-halt, yet low interest rates simultaneously drove homebuying, aiding the architectural coatings segment. Later, the economic recovery brought about ramped-up industrial production and enhanced demand, giving the industry a much-needed boost and generating substantial revenue increases in 2021 and 2022. Revenue fell in 2023 and 2024 due to plunging residential construction activity resulting from higher interest rates. Simultaneously, rising purchase and R&D costs have recently put downward pressure on profit. In recent years, paint manufacturers have navigated myriad shifts. The trend towards eco-friendly products, including water-based paints and low VOC alternatives, has bolstered consumer interest and pushed companies to innovate rapidly. The industry's anticipated consolidation has slowed, as smaller companies have kept pace by focusing on niche markets such as automobile or infrastructure coatings. Many companies have strategically pursued mergers and acquisitions to maintain a competitive advantage despite these conditions. Overall, revenue for paint manufacturers has inched upward at a CAGR of 1.4% over the past five years, reaching $34.2 billion in 2025. This includes a 0.4% rise in revenue in that year. Tariffs introduced by the Trump administration are creating significant uncertainty and challenges for US paint manufacturers, especially given their reliance on materials and markets in Canada, Mexico and China. The resulting higher costs and supply chain disruptions, alongside retaliatory tariffs, are likely to constrain exports and revenue while increasing operating expenses in the near future. Although demand from industrial and residential sectors should be boosted by stable long-term economic growth and infrastructure spending, ongoing political uncertainty and potential changes to federal funding could destabilize these gains. Meanwhile, e-commerce and consumer demand for personalized paint are transforming manufacturers’ operations, with larger players better poised to adapt because of their resources and reputations. Smaller firms may need to specialize in niche products to compete. Overall, revenue for paint manufacturers is forecast to mount at a CAGR of 2.1% over the next five years, reaching $38.0 billion in 2030.
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The United States Paints and Coatings Market Report Segments the Industry by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV Technology), Distribution Channel (Company-Owned Stores, Independent Paint Dealers, and More), and End-User Industry (Architectural, Automotive, Wood, Protective Coatings, General Industrial, and More).