U.S. Paints And Coatings Market Size & Outlook, 2023-2030
U.S. paints and coatings market, 2018-2030 (US$M)
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U.S. paints and coatings market highlights
- The U.S. paints and coatings market generated a revenue of USD 30,252,007.4 million in 2023 and is expected to reach USD 41,121,817.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.5% 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.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 30,252,007.4 million |
| Market revenue in 2030 | USD 41,121,817.3 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 15.1% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 41,121,817.3 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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U.S. 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 44.63% in 2023. Horizon Databook has segmented the U.S. 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 sector in the U.S. is expanding at a significant rate owing to positive market fundamentals for commercial real estate and a strong economy along with rising state and federal funding for institutional buildings and public works.
For instance, in March 2023, the U.S. government announced an investment worth USD 2 trillion as a part of coronavirus response for the development of infrastructure including hospital buildings, roads, and other infrastructure.
Other upcoming construction projects include the construction of South San Francisco Civic Center campus, O’Hare Airport Construction Project, LaGuardia Airport Construction Project, and Second Avenue Subway Construction Project. This is expected to further propel the demand for paints and coatings in architectural and decorative applications in the coming years.
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Target buyers of U.S. paints and coatings market databook
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into U.S. paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. paints and coatings market size, by product, 2018-2030 (US$M)
U.S. Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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