US PAINTS AND COATINGS MARKET

US Paints and Coatings Market Size & Insights

US Paints and Coatings Market size was valued at USD 33.4 billion in 2024 and is forecast to touch USD 47.5 billion in 2032 and the market is expected to grow at a CAGR of 4.5% from 2025-2032 driven by the rising construction and urban development along with robust automotive sector.

US Paints and Coatings Market Drivers

Rise in Construction Activities

The US paints and coatings market size growth is mainly fueled by the growing construction activities across the country. The US construction industry saw continued growth driven by a robust economy and favorable commercial property market conditions. There is also increased state and federal investment in public infrastructure and institutional projects. Major upcoming construction initiatives include the O’Hare Airport project and LaGuardia Airport redevelopment among others.

The government has allocated over USD 7.2 billion in RAISE grants for more than 550 projects throughout the country. It will fund projects nationwide aimed at improving road safety and strengthening transportation infrastructure against extreme weather while optimizing supply chains to reduce costs for consumers. The funds are equally distributed between rural and urban regions with a considerable portion of grants benefiting historically disadvantaged or persistently impoverished regions. RAISE is a cornerstone initiative focused on rebuilding and repairing crucial infrastructure while driving investment from private sector across the country. This program will significantly contribute to increasing market demand in the construction industry.

Increase in Urbanization

The country is also undergoing rapid urbanization with 83 percent people living in urban areas which fuels the need for paints particularly for residential buildings. Housing construction in the country has surged driven by factors like low interest rates which have enabled more people to qualify for mortgages thus driving up the number of homebuyers. As a result in 2021 the country issued 1.64 million residential construction approval permits.

Robust Auto Industry

The other factor supporting market growth is the growing requirement for these products in the automotive sector. The rise in vehicle sales drives a corresponding increase in the need for paints and coatings. The products are also essential for automotive repairs since the rise in accidents or collisions creates a need for vehicle repairs that require paints and coatings. The frequency of accidents and collisions in the United States has been increasing with nearly one person in every 63 individuals having a chance of being involved in an accident. Additionally, technological progress has made automobile painting faster and easier which further fuels market growth. Technologies like e-coat and electrochromic coatings are utilized to streamline and accelerate the painting process.

US Paints and Coatings Market Segment Analysis

Resin Type Insights: Acrylic segment dominates the market share

Based on resin type the acrylic segment is projected to capture a leading market share. The segment is experiencing growth driven by the high demand for acrylic paints within the automotive and construction sectors. These resins are known to develop key properties in coating solutions including transparency. They are commonly utilized in waterborne systems that help minimize VOC emissions while also providing coatings with superior surface hardness. The construction industry extensively uses acrylic coatings for premium finishes on bridges and floors along with numerous applications. In walls and roofing applications these coatings offer elastomeric finishes that enhance UV resistance when paired with certain fluids. Waterborne acrylic coatings are increasingly sought after owing to environmental considerations particularly regarding the VOCs harmful effects on air quality.

Epoxy resins are also popular driven by their excellent binding properties along with durability which will likely accelerate their usage. The resins are widely utilized in consumer and industrial applications for their excellent adhesion along with chemical resistance. The increase in income along with expanded building and construction projects is also likely to drive demand for this segment.

Technology Type Insights: Waterborne coatings hold the largest share in the market

Paints and coatings are used for numerous applications in sectors like residential and commercial construction along with industrial machinery or automobiles. Their ability to provide waterproofing and corrosion resistance is crucial for preventing wear which propels market growth in the country.

Based on technology, waterborne coatings hold the largest share in the market. The segment is estimated to capture the largest share in the coming years as their use in safeguarding structures from moisture continues to grow. Additionally stringent environmental regulations aimed at lowering VOC in paints and coatings are likely to boost the segment growth. The automotive and construction sectors also significantly impact this demand as they look for durable and secure coating solutions. Formulation technology innovations are further enhancing its performance characteristics which increases their appeal across multiple industries.

The powder coatings category is likely to see growth driven by its environmental advantages and diverse applications across industries. Powder coatings have minimal VOC content which meets rigorous regulatory standards and makes them a desirable substitute for conventional solvent-based alternatives. The automotive sector also plays a major role in driving demand particularly as the need for durable finishes grows with the surge in electric vehicles.

End-Use Industry Insights: Architectural sector dominates the market and is projected to lead the market in volume and revenue

Based on end-use industry, the architectural sector is expected to lead the market in volume and revenue. The booming infrastructure construction sector in the US which is a significant user of architectural coatings is contributing to the segment growth. Increased government investment in construction and the rising residential projects in the country will further contribute to the segment growth. Paints and coatings are applied in construction to safeguard and enhance architectural appearance. Paints and coatings increase surface resistance which helps prevent weathering and rust. The rise in civil construction projects in the country has thereby boosted the demand for reliable paints.

Architectural paints serve not only to enhance the interior aesthetics of homes with color and decoration but also to fulfill various functional purposes. The functions differ based on the environment and room where they are applied. Exterior paints are designed not only to give homes a fresh appearance but also to protect them from scorching heat and heavy rain which ensures longevity without fading or cracking.

In the industrial paints and coatings segment the automotive sector also contributes significantly to market growth. The market for paints and coatings in the automotive sector is centered around these products production and utilization within the country. Several factors contribute to the segment growth including the surge in automotive sales along with rising accident rates and technological innovations.

US Paints and Coatings Market Major Players & Competitive Landscape

Several leading companies are The Sherwin-Williams Company, Axalta Coating Systems, LLC, PPG Industries, Inc., RPM International, Inc., BASF SE, 3M, Sika AG, Benjamin Moore, Akzo Nobel, Hempel A/S, among others. These companies leverage various approaches including forming strategic partnerships and launching new products. They also engage in mergers to strengthen their market position.

US Paints and Coatings Market News

• • In 2024, a major player in the paints and coatings sector PPG revealed that it has entered into a definitive agreement to divest its entire architectural coatings division in Canada and the United States for USD 550 million to AIP.
  • In 2024 PPG announced an investment in advanced manufacturing across North America. PPG plans to build a new manufacturing facility in Tennessee which could eventually support other industries including building and construction along with consumer goods.
  • In 2023, Sherwin-Williams revealed a collaboration with Sinoboom which is a top producer of elevated work platforms under a new strategic agreement. Sherwin-Williams will supply specialized paints and coatings with high performance for Sinoboom’s machinery under this partnership.

US Paints and Coatings Market Scope of the Report

US Paints and Coatings Market Research Report Segmentation

The US Paints and Coatings Market has been segmented on the basis of Resin Type, Technology, and End-use Industry. Based on the Resin Type, the market is segmented into Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, and Others. Based on the Technology, the market is segmented into Water-borne Coatings, Solvent-borne Coatings, Powder-based, and Others. Based on the End-use Industry, the market is segmented into Architectural and Industrial. The Architectural segment is further segmented into Residential and Non-Residential. The Industrial segment is further segmented into General Industrial, Protective, Automotive, Wood, Marine, Packaging, and Others.

US Paint and Coatings Market by Resin Type

• • Acrylic
  • Alkyd
  • Epoxy
  • Polyester
  • Polyurethane
  • Others

US Paint and Coatings Market by Technology

• • Water-borne Coatings
  • Solvent-borne Coatings
  • Powder-based
  • Others

US Paint and Coatings Market by End-Use Industry

• • Architectural
    • Residential
    • Non-Residential
  • Industrial
    • General Industrial
    • Protective
    • Automotive
    • Wood
    • Marine
    • Packaging
    • Others

US Paint and Coatings Market Leading players 

• • The Sherwin-Williams Company
  • Axalta Coating Systems, LLC
  • PPG Industries, Inc.
  • RPM International, Inc.
  • BASF SE
  • 3M
  • Sika AG
  • Benjamin Moore
  • Akzo Nobel
  • Hempel A/S