North America Architectural Coatings Market Size
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Study Period: | 2016 - 2028 |
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Largest Share by Sub End User: | Residential |
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Largest Share by Country: | United States |
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CAGR: | 3.41 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Architectural Coatings Market Analysis
The North America Architectural Coatings Market is projected to register a CAGR of 3.41%
- Largest Segment by End-user - Residential : The rise in the country's housing stock, accompanied by strong sales in the do-it-yourself (DIY) and repaint segments, has increased the consumption of residential coatings.
- Fastest Segment by Technology - Waterborne : The strict adoption of VOC regulations in the US and Canada and the rising preference for LEED-certified buildings have increased waterborne coating consumption.
- Largest Segment by Resin - Acrylic : The mature market for waterborne resin-based coatings in the region created a major share for acrylic coatings' consumption, as they have low VOC emissions and cost less.
- Largest Segment by Country Market - United States : The United States is the leading country in architectural coatings consumption due to its higher housing stocks and remodeling index compared to other countries in the region.
North America Architectural Coatings Industry Segmentation
Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin. Canada, Mexico, United States are covered as segments by Country.| Sub End User | |
| Commercial | |
| Residential |
| Technology | |
| Solventborne | |
| Waterborne |
| Resin | |
| Acrylic | |
| Alkyd | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Other Resin Types |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest Of North America |
North America Architectural Coatings Market Trends
This section covers the major market trends shaping the North America Architectural Coatings Market according to our research experts:
Residential is the largest segment by Sub End User.
- Among the end-user segments, the residential segment dominated the construction sector in 2020, generating the highest demand for architectural coatings in the North American market. In North America, architectural coating consumption was the highest in the United States, followed by Canada and Mexico.
- In the US and Canada, the construction sector witnessed volatile growth during 2016-2020. The residential sector declined in 2018-2019 due to rising household debts and mortgage prices, and the commercial sector declined in 2020-2021 due to the COVID-19 pandemic. Mexico recorded decent growth till 2019 before declining in 2020 due to fewer new housing projects.
- The recovery in sales and production is expected throughout North America from 2022 onwards due to economic recovery, commercial sector growth, strong housing growth, and the increasing inflow of immigrants into countries like Canada.
To understand key trends, Download Sample Report
United States is the largest segment by Country.
- In North America, architectural coating consumption was the highest in the US, followed by Mexico and Canada. In the United States and Canada, fluctuating growth of architectural coating consumption was observed during 2016-2020 due to volatility in the residential and commercial sectors. However, Mexico recorded steady growth till 2019, before a dip in 2020.
- In 2020, architectural coating consumption in North America declined compared to 2019. This decline was triggered by the COVID-19 outbreak, which negatively affected the production and growth of the commercial sector due to the closure of non-essential services.
- Canada and the United States are mature markets and witnessed steady growth in the consumption of different types of coatings during 2021-2026. However, Mexico is expected to see better growth in the waterborne coatings segment due to the upcoming changes in VOC limitations.
To understand geography trends, Download Sample Report
North America Architectural Coatings Industry Overview
The North America Architectural Coatings Market is fairly consolidated, with the top five companies occupying 65.23%. The major players in this market are Benjamin Moore & Co., Diamond Vogel, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company (sorted alphabetically).
North America Architectural Coatings Market Leaders
Benjamin Moore & Co.
Diamond Vogel
PPG Industries, Inc.
RPM International Inc.
The Sherwin-Williams Company
*Disclaimer: Major Players sorted in no particular order
North America Architectural Coatings Market News
- January 2022: PPG announced an expanded relationship with The Home Depot and HD Supply to provide a comprehensive range of professional PPG paint products and services specific to the needs of professional customers.
- October 2021: Jotun launched Green Building Solutions (GBS), which claims to be the easiest way to design, specify, beautify, and protect buildings worldwide with green building products, keeping the company on par with the ongoing technological developments.
- August 2021: The company and three of its wholly-owned subsidiaries, Sherwin-Williams Canada Inc., Sherwin-Williams Luxembourg SARL, and Sherwin-Williams UK Holding Limited, entered a new five-year USD 2 billion credit agreement. On October 8, 2019, this agreement was extended till 2024.
North America Architectural Coatings Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Floor Area Trends
2.2. Regulatory Framework
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Sub End User
3.1.1. Commercial
3.1.2. Residential
3.2. Technology
3.2.1. Solventborne
3.2.2. Waterborne
3.3. Resin
3.3.1. Acrylic
3.3.2. Alkyd
3.3.3. Epoxy
3.3.4. Polyester
3.3.5. Polyurethane
3.3.6. Other Resin Types
3.4. Country
3.4.1. Canada
3.4.2. Mexico
3.4.3. United States
3.4.4. Rest Of North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Beckers Group
4.4.2. Benjamin Moore & Co.
4.4.3. Champion Coat Pinturas y Recubrimientos
4.4.4. Cloverdale Paint Inc.
4.4.5. Corev de México
4.4.6. Diamond Vogel
4.4.7. Dunn-Edwards Corporation
4.4.8. Jotun
4.4.9. KelCoatings Limited
4.4.10. Kelly-Moore Paints
4.4.11. Micca Paint Inc.
4.4.12. Pinturas Acuario
4.4.13. Pinturas Berel, SA de CV
4.4.14. PPG Industries, Inc.
4.4.15. Prisa Pinturas
4.4.16. RPM International Inc.
4.4.17. SayerLack
4.4.18. Selectone Paints Inc.
4.4.19. Société Laurentide
4.4.20. The Sherwin-Williams Company
4.4.21. Wacker Chemie AG
5. KEY STRATEGIC QUESTIONS FOR ARCHITECTURAL COATINGS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
Figure 1:
NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2016 - 2028
Figure 2:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, VOLUME, KILOGRAMS, 2016 - 2028
Figure 3:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, VALUE, USD, 2016 - 2028
Figure 4:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
Figure 5:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
Figure 6:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
Figure 7:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
Figure 8:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
Figure 9:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
Figure 10:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
Figure 11:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
Figure 12:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
Figure 13:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
Figure 14:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 15:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
Figure 16:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
Figure 17:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
Figure 18:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 19:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
Figure 20:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 21:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 22:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
Figure 23:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 24:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 25:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 26:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
Figure 27:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
Figure 28:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 29:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 30:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 31:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 32:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 33:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 34:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 35:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 36:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 37:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 38:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 39:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 40:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 41:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 42:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 43:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
Figure 44:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
Figure 45:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 46:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 47:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
Figure 48:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
Figure 49:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
Figure 50:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 51:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
Figure 52:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 53:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 54:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
Figure 55:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 56:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 57:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
Figure 58:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 59:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
Figure 60:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
Figure 61:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
Figure 62:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 63:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 64:
NORTH AMERICA ARCHITECTURAL COATINGS MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Market Definition
- COMMERCIAL - The Commercial Sector includes the paints and coatings used for hotels, hospitals, educational institutions, government institutions and malls among others. The scope does not include paints and coatings used for infrastructure applications.
- RESIDENTIAL - This section includes interior and exterior paints and coatings used on residential buildings.
- FLOOR AREA - The total floor area comprises of both existing and new floor area for the sub end users considered in the study.
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific end-user segment and country are selected from a group of relevant variables & factors based on the desk research & literature review; along with primary expert inputs.
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
