Paints & Coatings in the United States
Summary
Paints & Coatings in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The paints & coatings market includes liquid and powder-based paints, varnishes, and related products used for protective, decorative, industrial, and specialty purposes. The market scope excludes inks, thinners, and raw materials, such as pigments and solvents.
- The US paints & coatings market had total revenues of $31,718.5 million in 2023, representing a compound annual growth rate (CAGR) of 3.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 3.3% between 2018 and 2023, to reach a total of 8,111.3 million liters in 2023.
- The expansion in the market is propelled by technologically advanced and specialized products, particularly protective coatings. The heightened demand for these coatings is primarily attributed to the increased needs of automobile manufacturing as well as the oil and gas exploration sector. For instance, according to GlobalData, the US automotive manufacturing market stood at an estimated $665.3 billion in 2023, an increase of 5.8% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the paints & coatings market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the paints & coatings market in the United States
- Leading company profiles reveal details of key paints & coatings market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States paints & coatings market with five year forecasts by both value and volume
- What was the size of the United States paints & coatings market by value in 2023?
- What will be the size of the United States paints & coatings market in 2028?
- What factors are affecting the strength of competition in the United States paints & coatings market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's paints & coatings market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading player?
- 8 Company Profiles
- 8.1. Sherwin-Williams Co
- 8.2. Akzo Nobel NV
- 8.3. RPM International Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States paints & coatings market value: $ million, 2018-23
- Table 2: United States paints & coatings market volume: million liters, 2018-23
- Table 3: United States paints & coatings market category segmentation: % share, by value, 2018-23
- Table 4: United States paints & coatings market category segmentation: $ million, 2018-23
- Table 5: United States paints & coatings market geography segmentation: $ million, 2023
- Table 6: United States paints & coatings market value forecast: $ million, 2023-28
- Table 7: United States paints & coatings market volume forecast: million liters, 2023-28
- Table 8: Sherwin-Williams Co: Key Facts
- Table 9: Sherwin-Williams Co: Annual Financial Ratios
- Table 10: Sherwin-Williams Co: Key Employees
- Table 11: Sherwin-Williams Co: Key Employees Continued
- Table 12: Akzo Nobel NV: Key Facts
- Table 13: Akzo Nobel NV: Annual Financial Ratios
- Table 14: Akzo Nobel NV: Key Employees
- Table 15: RPM International Inc: Key Facts
- Table 16: RPM International Inc: Annual Financial Ratios
- Table 17: RPM International Inc: Key Employees
- Table 18: RPM International Inc: Key Employees Continued
- Table 19: United States Size of Population (million), 2019-23
- Table 20: United States Real GDP (constant 2010 prices, $ billion), 2019-23
- Table 21: United States GDP (current prices, $ billion), 2019-23
- Table 22: United States Inflation, 2019-23
- Table 23: United States Consumer Price Index (absolute), 2019-23
- Table 24: United States Exchange Rate, 2018-23
- List of Figures
- Figure 1: 220 Laboratories Inc: Deal Activity by Deal Type - Volume (2020 - YTD*2024)
- Figure 2: 220 Laboratories Inc: Private Equity and Ownership Volume and Value Trend (2020 - YTD*2024)
- Figure 3: 220 Laboratories Inc: Private Equity and Ownership Volume by Deal Type (2020 - YTD*2024)
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