United States (USA) Paints & Coatings Market Overview, 2028

United States (USA) Paints & Coatings Market Overview, 2028

Delve into the world of wood and furniture, where paints and coatings breathe new life into timeless materials. In the United States paint and coating market, there are several resin types that play significant roles in different applications. The choice of resin type depends on the specific requirements of the coating, such as durability, chemical resistance, adhesion, and performance. Similarly, among the various resin types, acrylic resins are considered one of the leading resin types in the US paint and coating market. Acrylic resins are widely used in the paint and coating industry due to their versatility, excellent adhesion, durability, and weather resistance. They are available in various forms, including water-based emulsions, solvent-based solutions, and powder coatings. Acrylic resins offer good color retention, UV resistance, and flexibility, making them suitable for both interior and exterior applications. They are commonly used in architectural paints, automotive coatings, industrial coatings, and specialty coatings. Acrylic resins are preferred for their fast-drying properties, low VOC content, and environmental friendliness. They also provide good film formation, excellent gloss, and ease of application. Acrylic-based paints and coatings offer a wide range of finishes, from matte to high gloss, and can be formulated to meet specific performance requirements.

According to the report title, “United States Paints and Coatings Market Outlook, 2028”, publish by Bonafide research, the market is anticipated to add USD 7.27 Billion from 2022 to 2028. Architectural paints, including interior and exterior paints, dominate the paints and coatings market in the US. These paints are widely used in residential and commercial buildings, accounting for a significant portion of the market share. Volatile Organic Compounds (VOCs) are a major concern in the paints and coatings industry due to their harmful impact on air quality and human health. The US government has implemented stringent regulations to limit VOC emissions, leading to the development of low-VOC and zero-VOC paints and coatings. With a growing emphasis on sustainability and environmental responsibility, there is an increasing demand for eco-friendly paints and coatings in the US. Green building initiatives, such as LEED (Leadership in Energy and Environmental Design) certification, encourage the use of environmentally friendly products, including paints and coatings with low VOC content. The paints and coatings industry in the US has seen significant technological advancements in recent years. This includes the development of advanced coating formulations, nanotechnology-based coatings, self-healing coatings, and smart coatings that offer functionalities like temperature control, anti-microbial properties, and energy efficiency. The US automotive industry is a major consumer of paints and coatings, driving the demand for automotive coatings. With a rising number of vehicle production and consumer demand for attractive finishes, automotive coatings play a crucial role in enhancing the aesthetics and durability of vehicles. The US market for protective coatings is significant, driven by industries such as oil and gas, marine, and infrastructure. Protective coatings are used to safeguard surfaces from corrosion, abrasion, chemical exposure, and extreme weather conditions, thereby extending the lifespan of assets and reducing maintenance costs. There has been a shift in the US market towards water-based paints and coatings. Water-based formulations have gained popularity due to their lower VOC emissions, ease of application, and environmental friendliness. They are increasingly replacing traditional solvent-based coatings. The rise of e-commerce has also impacted the paints and coatings market in the US. Online platforms have made it easier for consumers to access a wide range of paint products, compare prices, and make purchases conveniently, leading to increased competition and opportunities for smaller manufacturers. The paints and coatings industry in the US is highly competitive, driving companies to invest in research and development to innovate and differentiate their products. This includes the development of specialty coatings with advanced properties, such as anti-graffiti coatings, high-temperature coatings, and anti-corrosion coatings, to meet specific industry needs.

The paints and coatings industry closely follows color trends and forecasts. Each year, major paint manufacturers release their Color of the Year, which influences interior and exterior design choices and sets the tone for popular color palettes. The US market has seen a rise in demand for specialty effect coatings, such as metallic, pearlescent, and textured finishes. These coatings add visual interest, depth, and unique effects to surfaces, catering to the growing consumer desire for customized and visually appealing finishes. Fire-resistant coatings have gained importance in the US market due to their ability to inhibit the spread of flames and provide crucial fire protection. These coatings are used in various applications, including commercial buildings, transportation, and industrial facilities. To address environmental concerns and promote sustainability, some US states have implemented paint recycling programs. These programs allow consumers and businesses to recycle unused or leftover paint, reducing waste and encouraging responsible disposal. With the increasing focus on renewable energy sources, the paints and coatings industry has developed specialized coatings for solar panels and wind turbines. These coatings offer protection against environmental factors, enhance energy efficiency, and improve the longevity of renewable energy equipment. The COVID-19 pandemic has highlighted the importance of cleanliness and hygiene. As a result, there has been a surge in demand for anti-microbial coatings in the US market. These coatings have properties that inhibit the growth of bacteria, viruses, and other microorganisms, making them suitable for healthcare facilities, schools, and public spaces. The advent of 3D printing technology has opened up new opportunities in the paints and coatings market. Specialized coatings are being developed to enhance the appearance, durability, and functionality of 3D-printed objects, expanding their potential applications in industries such as automotive, aerospace, and healthcare. The US has an aging infrastructure that requires maintenance and repair. Innovative coatings, such as self-healing coatings, anti-corrosion coatings, and protective coatings for bridges and roadways, are being developed to enhance the lifespan and performance of infrastructure assets. With the rising popularity of electric vehicles, the paints and coatings industry are adapting to meet the specific requirements of EV manufacturers. Coatings that provide heat management, electrical insulation, and lightweight solutions are being developed to cater to the unique needs of the EV sector. As sustainability becomes a key focus for businesses and consumers, the paints and coatings industry are playing a role in developing eco-friendly coatings for sustainable packaging materials. These coatings provide barrier properties, enhance recyclability, and protect the integrity of packaging materials.

There are several major retail chains and specialty stores in the United States that sell paints and coatings. Some well-known names are The Home Depot, Lowe's, Sherwin-Williams, Benjamin Moore, Ace Hardware, PPG Paints, Behr Paint, Menards, Walmart, True Value. PaintExpo is an international trade fair for industrial coating technology. While the main event takes place in Europe, there have been instances of PaintExpo USA, providing a platform for exhibitors and visitors to explore the latest trends and innovations in the paints and coatings industry. The event showcases equipment, materials, and services related to surface treatment and finishing. Another event organized by the American Coatings Association (ACA), the CoatingsTech Conference is a premier event focused on coatings technology and trends. The conference brings together industry professionals, researchers, and experts to discuss advancements in coatings formulation, raw materials, testing methods, sustainability, and other relevant topics. In addition, International Roofing Expo (IRE) is a major trade show that encompasses the roofing industry, including roofing materials, technologies, and coatings. The event features educational sessions, exhibits, and networking opportunities for professionals involved in the roofing and coatings sectors. Furthermore, American Coatings Show (ACS) is a leading trade fair and conference for the paint and coatings industry in North America. It showcases a wide range of products, technologies, and services related to coatings formulation, raw materials, equipment, and application methods. The event provides a platform for industry professionals to network, gain insights, and explore new business opportunities. The architectural and decorative sector represents a significant portion of the paint and coating market in the US. This includes paints and coatings used for residential, commercial, and institutional buildings. Interior and exterior paints, primers, varnishes, stains, and specialty finishes are commonly used in this sector. Also, The automotive industry is a major consumer of paints and coatings in the US. These coatings are used for both original equipment manufacturing (OEM) and refinishing applications. They provide protection, aesthetics, and corrosion resistance for automotive vehicles, including cars, trucks, motorcycles, and specialty vehicles. Additionally, the industrial sector encompasses various industries, including manufacturing, aerospace, marine, oil and gas, machinery, and more. Industrial coatings are used to protect surfaces, provide corrosion resistance, improve durability, and enhance performance in harsh environments. This includes coatings for metal substrates, industrial machinery, equipment, pipelines, tanks, bridges, and infrastructure.

Considered in this report:
• Geography: United States
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• United States Paints and Coatings Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Waterborne Coatings
• Solventborne Coatings
• Powder Coatings
• UV Cured Coatings
• Others Segment Includes (Speciality Coating (Primer, Topcoat, Undercoat, etc.), Electron Beam Cure coating, High Solids Coatings, etc.)

By Application Type:
• Architectural
• Industrial

By Resin Type:
• Acrylic
• Alkyd
• Epoxy
• Polyester
• Polyurethane
• Fluoropolymers
• Vinyl
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to paints and coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.