North America Waterborne Coatings Market Size & Outlook
North America waterborne coatings market, 2018-2030 (US$M)
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North America waterborne coatings market highlights
- The North America waterborne coatings market generated a revenue of USD 15,822.5 million in 2022.
- The market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
- In terms of segment, architectural was the largest revenue generating application in 2022.
- Marine is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 15,822.5 million |
| Market revenue in 2030 | USD 21,091.9 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Architectural |
| Fastest growing segment | Marine |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Architectural, General Industries, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Axalta Coating Systems Ltd, Kansai Paint Co Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Sherwin-Williams Co, Berger Paints, Valspar, Tikkurila Group |
Other key industry trends
- In terms of revenue, North America region accounted for 23.2% of the global waterborne coatings market in 2022.
- 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 39,605.9 million by 2030.
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Waterborne Coatings Market Scope
Waterborne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America waterborne 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 waterborne coatings market will help companies and investors design strategic landscapes.
Architectural was the largest segment with a revenue share of 78.61% in 2022. Horizon Databook has segmented the North America waterborne coatings market based on architectural, general industries, automotive oem, metal packaging, protective coatings, automotive refinish, industrial wood, marine, coil covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of various major manufacturers including Axalta Coating Systems LLC, PPG Industries Inc., and RPM International Inc., among others has further intensified the competition among the players in the market.
Growth of the automotive, aerospace, oil & gas, and pulp & paper application segments is expected to further impact the demand of waterborne coatings in North America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America waterborne coatings market , including forecasts for subscribers. This continent databook contains high-level insights into North America waterborne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America waterborne coatings market size, by country, 2018-2030 (US$M)
North America Waterborne Coatings Market Outlook Share, 2022 & 2030 (US$M)
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