U.S. Industrial Coatings Market Size & Outlook, 2023-2030
U.S. industrial coatings market, 2018-2030 (US$M)
U.S. industrial coatings market highlights
- The U.S. industrial coatings market generated a revenue of USD 15,328.7 million in 2023 and is expected to reach USD 17,155.9 million by 2027.
- The U.S. market is expected to grow at a CAGR of 2.9% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 15,328.7 million |
| Market revenue in 2027 | USD 17,155.9 million |
| Growth rate | 2.9% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, U.S. accounted for 17.1% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,155.9 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.89% in 2023. Horizon Databook has segmented the U.S. industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the key aerospace markets in the world. The country is a leader in the manufacturing of aerospace and related components. The availability of well-trained machinists, aerospace engineers & other skilled labors, and increasing air commute are driving huge investments in the U.S. aerospace industry.
In addition, the presence of prominent aircraft manufacturers such as Gulfstream Aerospace, The Boeing Company, and Textron Aviation, Inc. is expected to significantly drive the growth of the aerospace industry in the country.
The U.S. has witnessed a huge growth in automobile production in the recent past. For instance, in March 2017, automotive manufacturer, Ford, announced the production expansion of trucks and SUVs in three of its facilities located in Michigan, U.S. The overall cost of expansion was approximately USD 1.2 billion.
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industrial coatings market size, by product, 2018-2030 (US$M)
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