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.

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, 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.

The North American Paints and Coatings Market Report is Segmented by Resin Type (Acrylics, Alkyd, Epoxy, Polyurethane, and Other Resin Types), Technology (Water-Borne, Solvent-Borne, and UV-Cured Coating), End-User Industry (Architectural, Automotive, Protective Coating, General Industrial, Transportation, and Packaging), and Geography (United States, Canada, and Mexico). The Market Forecasts are Provided in Terms of Value (USD).

In 2019, the ten largest paint and coatings manufacturers accounted for more than ** percent of the market's revenue in North America. Sherwin Williams had the highest market share in the region, with **** percent. PPG Industries followed closely, with almost ** percent.

The U.S. paint and coating market was estimated at $29.6B in 2024, stabilizing at the previous year. The market value increased at an average annual rate of +1.9% over the period from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when the market value increased by 8.7%.

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.

In 2022, Sherwin-Williams and PPG Industries were the main paint and coatings companies worldwide, each with a market share of approximately ***** percent. These two U.S.-based companies are particularly dominant in the North American market. Meanwhile, the European paint and coatings market, is led by the Dutch multinational AkzoNobel. Sherwin-Williams Sherwin-Williams is a paint and coatings company headquartered in Cleveland, Ohio. The company was established in 1886 and was responsible for the introduction of the first ready-mixed paint to the market. In 2020, it generated a revenue of over **** million U.S. dollars, up from ** million dollars almost a decade earlier. Sherwin-Williams employed some ** thousand people in 2023. PPG Industries PPG industries was founded in 1883 in Pittsburg, Pennsylvania as a plate glass manufacturer and expanded into the paints market by the end of 1900. Today, the company is a global supplier of paints, coatings, and specialty materials. PPG Industries’ revenue grew from **** million U.S. dollars in 2010 to ***** million dollars in 2022. In that latter year, the number of employees of PPG industries stood at ** thousand.

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.

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 volatile organic compound (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 manufacturers 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.

The Latin America Paints and Coatings Market Report is Segmented by Resin Type (Acrylics, Epoxy, Alkyd, Polyester, Polyurethane, and More), Technology (Water-Borne, Solvent-Borne, Powder Coating, UV Cured), End-User Industry (Architectural, Industrial, Automotive, Wood, and More), and Geography (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Rest of South America). The Market Forecasts are Provided in Terms of Value (USD).

The U.S. Paints and Coatings report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

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.

Discover the booming US paints and coatings market! This in-depth analysis reveals key trends, growth drivers (construction, automotive), leading players (Akzo Nobel, PPG Industries), and future projections (2025-2033) for this multi-billion dollar industry. Learn about segment analysis (acrylic, alkyd resins, waterborne technology) and regional market share. 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.

U.S. architectural paint market size to reach $15 billion by 2025, growing at a CAGR of 4% during the forecast period. The water-based paint segment to have the largest market share during the forecast period. Arizton's industry analysis report provides a detailed market share, trends, drivers, opportunities, growth forecast by end-user, channel, application, and formulation

The Paints and Coatings Report is Segmented by Resin (Acrylic, Alkyd, Polyurethane, Epoxy, and More), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV-Cured Coating), End-User Industry (Architectural, Automotive, Wood, Protective Coating, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The global paints and coatings market size is projected to grow from USD 290.28 billion in 2025 to USD 385.01 billion by 2033, exhibiting a CAGR of 4.5%.
Report Scope:

Market Size statistics on the Paint Manufacturing industry in the US

The market value of paints and coatings industry in Latin America was around *** billion U.S. dollars in 2023, an increase of around **** percent compared to 2021. The industry is forecast to have a compound annual growth rate (CAGR) of around six percent between 2024 and 2031. Additional information on the global paints and coatings market can be found here.

The U.S. Paints & Coatings Market size was valued at USD 24.8 billion in 2023 and is projected to reach USD 31.98 billion by 2032, exhibiting a CAGR of 3.7 % during the forecasts period. The U. S. Paints & Coatings Market refers to the products used in order to provide a shield or a covering to the surface and to embellish the same. This market covers architectural coating for residential and non-residential buildings, industrial coatings for equipment and machinery, and automotive and aerospace specialty coatings. Some of the key factors which have an impact on the growth of coatings cover the environmental consciousness, which call for low-VOC coating products, new technologies that enable the development of better and long-lasting coatings, and expansion of construction and automobile businesses. As for the challenges and trends, more specific emphasis is an effort to develop sustainable products and solutions to conform to legal requirements and to respond to consumers’ demand for green goods. The market can be described as a competitive market which comprises of giant companies including PPG Industries, Sherwin-Williams and RPM International.