Market Size of North America Paints and Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Paints and Coatings Market Analysis
The North American paints and coatings market is expected to register a CAGR of more than 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market is estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The rapid growth of industries and infrastructural construction in the region is fueling the market's growth during the forecast period.
- On the other hand, increasing raw material prices are expected to hinder market growth.
- The architectural segment is expected to dominate the regional market during the forecast period.
- Using nanotechnology in paints and coatings is expected to act as an opportunity for future market growth.
