Oct 16, 2020   SOURCE: BusinessWire

United States Paints & Coatings Market Size, Share & Trends Report 2020-2027: Focus on High Solids/Radiation Curing, Powder, Waterborne, Solvent-borne - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

The U.S. paints and coatings market size is anticipated to reach USD 32.0 billion by 2027, 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.

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

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

4.3 Powder-Based

4.4 Water-Borne

4.5 Solvent-Borne

4.6 Others

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

5.3 Alkyd

5.4 Polyurethane

5.5 Epoxy

5.6 Polyester

5.7 Others

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

6.3 Non-Architectural

6.3.1 Automotive & Transportation

6.3.2 Wood

6.3.3 General Industrial

6.3.4 Marine

6.3.5 Protective

6.3.5 Others

Chapter 7 Competitive Landscape

7.1 Vendor landscape

7.2 Competitive Environment

Chapter 8 Company Profiles

8.1 Company Overview

8.2 Financial Performance

8.3 Product Benchmarking

  • Masco Corporation
  • Benjamin Moore & Co.
  • PPG Industries, Inc.
  • Nippon Paint Holdings Co., Ltd.
  • Axalta Coating Systems, LLC
  • The Sherwin-Williams Company
  • RPM International Inc.
  • Rust-Oleum
  • BASF SE
  • Sika AG
  • 3M
  • The Chemours Company

For more information about this report visit https://www.researchandmarkets.com/r/nv62pq