Market Size of north america architectural coatings Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2028 |
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Base Year For Estimation | 2021 |
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Market Size (2024) | USD 20.68 Billion |
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Market Size (2028) | USD 23.63 Billion |
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CAGR (2024 - 2028) | 3.39 % |
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Market Concentration | High |
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 size is estimated at USD 20.68 billion in 2024, and is expected to reach USD 23.63 billion by 2028, growing at a CAGR of 3.39% during the forecast period (2024-2028).
- Over the medium term, the rising construction activities in the region are the major factors driving the North American architectural coatings market growth during the forecast period.
- On the other hand, the growing environmental concerns in the region, coupled with raw material prices and supply chain disruptions, are key factors anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, the growing sustainability in architectural paints and coatings is likely to create lucrative growth opportunities for the global market soon.
- 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.
