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U.S. Paints & Coatings Market Company Stock Analysis and Strategic Development 2020-2027 | Grand View Research, Inc.

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U.S. Paints & Coatings Market Company Stock Analysis and Strategic Development 2020-2027 | Grand View Research, Inc.

October 22
09:08 2021
U.S. Paints & Coatings Market Company Stock Analysis and Strategic Development 2020-2027 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the market is expected to be driven by increasing commercial construction activities and rising demand for the product from the automotive sector in the country.

The U.S. paints and coatings market size is anticipated to reach USD 32.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growth of the market is attributed to a rise in the construction activities and increasing demand for paints and coatings from durable goods, motor vehicles, and industrial maintenance applications in the country.

Rising construction spending and several national policies to promote the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities, coupled with infrastructure development in the country, as a result of rapid industrialization are expected to provide immense market potential in the U.S. over the forecast period.

However, the spread of the coronavirus pandemic has drastically impacted the growth of the building and construction sector in the country and has led to a decrease in the infrastructural development activities in 2020 as the major companies have either held their capital investment and their ongoing and planned construction projects or have canceled their projects, such as Google’s planned Mission Bay project. This has led to a decrease in the demand for paints and coatings for architectural and decorative applications.

On the basis of product, the market is segmented into high solids/radiation curing, powder coatings, waterborne coatings, solvent-borne coatings, and others (specialty coatings). High solids and radiation curing coatings relatively account for a small portion of the U.S. market. However, the adoption of these coatings is rising in various applications, such as marine, aerospace, paper, and paperboard, and construction, owing to their rapid curing and excellent physical properties. This is expected to fuel the growth of the segment in the coming years.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-paints-coatings-market

U.S. Paints & Coatings Market Report Highlights

• On the basis of product, the waterborne segment held the largest share of over 46.0% in 2019

• By material, the acrylic segment accounted for more than 42.0% share of the overall revenue in 2019. This is attributed to its high demand from infrastructure, automotive, paints and varnishes, and paints and metal coating applications

• Based on the application, the architectural and decorative segment accounted for over 57.0% share of the overall revenue in 2019.

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U.S. Paints & Coatings Market Segmentation

Grand View Research has segmented the U.S. paints and coatings market on the basis of product, material, and application:         

U.S. Paints & Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)               

    • Waterborne                                          

    • Solvent-borne

    • Powder

    • High Solids/Radiation Curing     

    • Others (Specialty Coatings)

U.S. Paints & Coatings Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)              

    • Acrylic                             

    • Polyester

    • Alkyd

    • Polyurethane               

    • Epoxy

    • Others

U.S. Paints & Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)        

    • Architectural & Decorative

    • Non-architectural

    • Automotive & Transportation

    • Wood       

    • General Industrial

    • Marine

    • Protective 

    • Others

List of Key Players of U.S. Paints & Coatings Market                                                       

    • 3M

    • Axalta Coating Systems, LLC

    • Nippon Paint Holdings Co., Ltd.

    • The Sherwin Williams Company

    • PPG Industries, Inc.

    • RPM International, Inc.

    • BASF SE

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/450828/ibb

Browse More Related Report:

Paints & Coatings Market Size, Share & Trends Analysis Report By Product (Powdered, Solvent-borne), By Material (Acrylic, Epoxy), By Application (Architectural & Decorative, Non Architectural), And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.

Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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