- Water Borne
- Solvent Borne
- Powder Based
- High Solids
- Other Formulations
The North America Paints and Coatings market estimated to be valued US$ XX Mn in 2021 and poised to grow at significant CAGR over 2022-2028. The key factors that are responsible for the market growth include increasing beverage can production in the region, increasing commercial construction activities in the United States and increase in the demand for bio-based & eco-friendly paints & coatings. Coatings are used in beverage cans to provide design, aesthetic appeal, quality, reliability, sustainability and most importantly, protection to the products. Therefore increasing can production drives the paints and coatings market. In recent times, there has been an increase in the demand for beverage cans in North America, especially aluminum cans, as they have a high recycling rate and more recyclable content. The United States government is planning to remove tariffs or trade restrictions on aluminum products which would increase the production of beverage cans in the country, thereby driving the paints and coatings market. The Can Manufacturers Institute (CMI), the national trade association of the metal can be manufacturing industry and its suppliers in the United States, has requested the United States Commerce Department that aluminum can sheet and aluminum ingot, which is used to make beverage cans, must be made free of tariffs or trade restrictions. In the United States, there has been an increasing demand for specialty beverage cans. Specialty cans, of sizes other than standard diameter of 12 oz have become a popular format for a variety of products which include soft drinks, beer, ready-to-drink teas, coffee, sparkling waters, wine and spirits, juices and other functional beverages. Crown Holdings, which is the leading supplier of metal packaging products worldwide, has opened its new beverage can manufacturing plant in Nichols, New York. In Canada, the number of brewing facilities has increased which in turn is increasing the production, thereby driving the paints and coatings demand for alcoholic beverages cans. North America Paints and Coatings market is surging owing to frequent acquisitions and launchings by the market players. For Instance, June 2017: Sherwin Williams acquired Valspar, a North America leader in paints & coatings industry.
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Increasing energy costs is anticipated for the coming years which will lead to increase of feedstock prices, which will openly affect the price of all synthetic resins used in coating applications. Furthermore, the strict rules to decrease the carbon footprint and VOC emissions will effect the market growth of paints and coatings as the manufacturers will have to invest in innovative technology to meet the conditions set by the regulatory bodies.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
1. Executive Summary
2. North America Paints and Coatings Market Introduction
2.1. North America Paints and Coatings Market – Taxonomy
2.2. North America Paints and Coatings Market –Definitions
2.2.1. Component
2.2.2. Formulation
2.2.3. Application
2.2.4. Resin Type
3. North America Paints and Coatings Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. North America Paints and Coatings Market Dynamic Factors - Impact Analysis
3.6. North America Paints and Coatings Market – Competition Landscape
4. North America Paints and Coatings Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025
4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. North America Paints and Coatings Market, By Component, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
5.1. One Component
5.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Two Component
5.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Other Components
5.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. North America Paints and Coatings Market Forecast, By Formulation, 2014 - 2018 and Forecast, 2019 - 2025
6.1. Water Borne
6.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Solvent Borne
6.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Powder Based
6.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. High Solids
6.4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Other Formulations
6.5.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. North America Paints and Coatings Market Forecast, By Resin Type, 2014 - 2018 and Forecast, 2019 - 2025
7.1. Alkyd
7.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Epoxy
7.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Acrylic
7.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Polyurethane
7.4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Polyester
7.5.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Vinyl
7.6.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Other Resins
7.7.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. North America Paints and Coatings Market Forecast, By Application, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.1. Architectural Application
8.1.1. Residential
8.1.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.1.3. Market Opportunity Analysis
8.1.2. Non-Residential
8.1.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.2.3. Market Opportunity Analysis
8.1.3. Infrastructure
8.1.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3.3. Market Opportunity Analysis
8.2. Industrial Application
8.2.1. General Industrial
8.2.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.1.3. Market Opportunity Analysis
8.2.2. Automotive OEM
8.2.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.2.3. Market Opportunity Analysis
8.2.3. Automotive Refinish
8.2.3.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3.3. Market Opportunity Analysis
8.2.4. Wood Coating
8.2.4.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.4.3. Market Opportunity Analysis
8.2.5. Marine Coating
8.2.5.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.5.3. Market Opportunity Analysis
8.2.6. Coil Coating
8.2.6.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.6.3. Market Opportunity Analysis
8.2.7. Packaging Coating
8.2.7.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.7.3. Market Opportunity Analysis
8.2.8. Aerospace Coatings
8.2.8.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.8.3. Market Opportunity Analysis
8.2.9. Others
8.2.9.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
8.2.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.9.3. Market Opportunity Analysis
9. North America Paints and Coatings Market Forecast, By Country, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
9.1. U.S
9.1.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Canada
9.2.1. Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. North America Paints and Coatings Market - Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2019 - 2025
10. U.S. Paints and Coatings Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
10.1. Component Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. One Component
10.1.2. Two Component
10.1.3. Other Components
10.2. Formulation Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Water Borne
10.2.2. Solvent Borne
10.2.3. Powder Based
10.2.4. High Solids
10.2.5. Other Formulations
10.3. Resin Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Alkyd
10.3.2. Epoxy
10.3.3. Acrylic
10.3.4. Polyurethane
10.3.5. Polyester
10.3.6. Vinyl
10.3.7. Other Resins
10.4. Application Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Â Â Â Â Â Â Â Â Â Â Â Architecture Application
10.4.1.1. Residential
10.4.1.2. Non-Residential
10.4.1.3. Infrastructure
10.4.2. Industrial Application
10.4.2.1. General Industrial
10.4.2.2. Automotive OEM
10.4.2.3. Automotive Refinish
10.4.2.4. Wood Coating
10.4.2.5. Marine Coating
10.4.2.6. Coil Coating
10.4.2.7. Packaging Coating
10.4.2.8. Aerospace Coatings
10.4.2.9. Others
10.5. U.S. Paints and Coatings Market - Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2019 - 2025
10.6. U.S. Paints and Coatings Market Dynamics – Trends
11. Canada Paints and Coatings Market Analysis, 2014 - 2018 and Forecast, 2019 - 2025 (Revenue, USD Mn), Volume (000’ MT)
11.1. Component Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2. Component Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. One Component
11.2.2. Two Component
11.2.3. Other Components
11.3. Formulation Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Water Borne
11.3.2. Solvent Borne
11.3.3. Powder Based
11.3.4. High Solids
11.3.5. Other Formulations
11.4. Resin Type Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Alkyd
11.4.2. Epoxy
11.4.3. Acrylic
11.4.4. Â Polyurethane
11.4.5. Polyester
11.4.6. Vinyl
11.4.7. Other Resins
11.5. Application Analysis 2014 - 2018 and Forecast 2019 - 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Â Â Â Â Â Â Â Â Â Â Â Architecture Application
11.5.1.1. Residential
11.5.1.2. Non-Residential
11.5.1.3. Infrastructure
11.5.2. Industrial Application
11.5.2.1. General Industrial
11.5.2.2. Automotive OEM
11.5.2.3. Automotive Refinish
11.5.2.4. Wood Coating
11.5.2.5. Marine Coating
11.5.2.6. Coil Coating
11.5.2.7. Packaging Coating
11.5.2.8. Aerospace Coatings
11.5.2.9. Others
11.6. Canada Paints and Coatings Market - Opportunity Analysis Index, By Component, Formulation, Resin Type, Application, and Country, 2019 - 2025
11.7. Canada Paints and Coatings Market Dynamics – Trends
12. Competition Landscape
12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
12.2.1. AkzoNobel N.V. (Netherlands)
12.2.2. Axalta Coating Systems LLC (United States)
12.2.3. BASF S.E. (Germany)
12.2.4. Jotun Group (Norway)
12.2.5. Kansai Paint Co. Ltd. (Japan)
12.2.6. Nippon Paint Holdings Co. Ltd. (Japan)
12.2.7. PPG Industries (United States)
12.2.8. RPM International Inc. (United States)
12.2.9. Sherwin-Williams (United States)
13. Research Methodology
14. Key Assumptions and Acronyms