North America Paints And Coatings Market Size & Outlook
North America paints and coatings market, 2018-2030 (US$M)
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North America paints and coatings market highlights
- The North America paints and coatings market generated a revenue of USD 43,283,014.8 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2023.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 43,283,014.8 million |
| Market revenue in 2030 | USD 58,564,827.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, North America region accounted for 21.6% of the global paints and coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 104,128,986.2 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Waterborne coatings was the largest segment with a revenue share of 43.43% in 2023. Horizon Databook has segmented the North America paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in North America is expected to witness significant growth over the coming years owing to high demand for non-residential construction projects such as hospitals, commercial buildings, and colleges.
The implementation of the "Affordable Healthcare Act" in 2023 is also expected to stimulate the construction of a greater number of health care units and hospitals, which, in turn, is expected to boost the demand for architectural and decorative paints and coatings in the region over the forecast period.
National policies promoting the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities in the U.S. coupled with infrastructure development in Canada and Mexico as a result of rapid industrialization are expected to provide immense market potential in North America over the forecast period.
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America paints and coatings market , including forecasts for subscribers. This continent databook contains high-level insights into North America paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America paints and coatings market size, by country, 2018-2030 (US$M)
North America Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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