US Paints & Coatings market is expected to cross USD23
billion by the end of 2023, owing to surging demand from the building and
construction industry of the nation. In addition to this, stringent government
regulations and shifting consumer preference towards sustainable and green
products is majorly driving the paints and coatings industry of the country.
During 2016, architectural application dominated the US Paints & Coatings
market and is expected to maintain its dominance through 2023 as well due to
increasing housing completions as well as non-residential constructions in US.
Growing focus towards functional coatings such as water-borne formulations, nanostructured
coatings, etc. would further escalate the US Paints & Coating market during
2018-23.
Years considered for this
report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the Study:
- To outline, classify and
estimate the US Paints & Coatings market on the basis of resin type, technology,
application and regional distribution.
- To study and forecast the US
market size of the Paints & Coatings, in terms of value and volume.
- To project the size of Paints
& Coatings market, in terms of value and volume, with respect to key
resin types such as Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and
Others.
- To understand the regional
market structure of Paints & Coatings market, the US Paints &
Coatings market is segmented in four regions, namely – Midwest, West,
North East and South and forecast the market size, in terms of value and
volume.
- To identify the detailed
information about the prime factors affecting the US Paints & Coatings
market.
- To evaluate competitor
pricing, average market selling prices and margins in the US Paints &
Coatings market.
- To examine competitive
developments such as expansions, plant capacity, government policy and
investments, in the US Paints & Coatings market.
- To strategically profile the
leading players in the market which are involved in the manufacturing and
supply of Paints & Coatings in US.
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US Paints & Coatings market is controlled by these
major players, namely– Akzo Nobel Coatings Inc., Axalta Coating Systems, BASF
Corporation Coatings RBU, ICP Construction, PPG Industries, RPM International
Inc., Diamond Vogel Paints, Nippon Paint (USA) Inc., Masco Corporation and Lord
Corporation among others.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of leading Paints & Coatings manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the company personnel were also
enquired about their key products, manufacturing plant location, prices of
products and competitors. Through this technique, TechSci Research was able to
include the manufacturers which could not be identified due to the limitations
of secondary research. TechSci Research analyzed the types, applications, forms,
distribution network, and regional presence of all major Paints & Coatings
manufacturers across the country.
TechSci Research calculated the market size for US Paints
& Coatings using a bottom-up approach, where manufacturers’ value sales
data for standard resin types (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester and Others) were recorded and forecast for the future years.
TechSci Research sourced these values from industry experts and company
representatives and externally validated through analysing historical sales
data of respective manufacturers to arrive at the overall market size. Various
secondary sources, secondary
sources directories, databases such as American Coatings Association, annual
reports, white papers, investor presentations and financial reports were also
used by the TechSci Research.
Key Target Audience:
- Paints & Coatings Manufacturers and Suppliers
- Resin Types of Paints & Coatings such as Acrylic, Alkyd, Epoxy,
Polyurethane, Polyester and Others
- Research organizations and consulting companies
- Trade Associations, organizations, forums and alliances related to Paints
& Coatings
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firm
The study is useful in providing
answers to several critical questions that are important for the industry
stakeholders such as Paints
& Coatings manufacturers, distributors and dealers, customers and policy
makers. which market segments should be targeted over the coming years (next
two to five years) in order to strategize investments and capitalize on the growth of the market segment.
Report Scope:
In this report, the Paints &
Coatings has been segmented into the following categories in addition to the
industry trends which have also been detailed below:
o Acrylic
o Epoxy Resin
o Alkyd
o Polyurethane
o Polyester
- Market, by Technology:
- Water-Based Technology
- Solvent-Based Technology
- High Solids
- Powder Coating
- Others
- Market, by Application:
- Architectural Application
- Residential
- Non-Residential
- Infrastructure
- Industrial Application
- General Industrial
- Automotive OEM
- Automotive
Refinish
- Wood Coating
- Marine Coating
- Coil Coating
- Packaging Coating
- Aerospace Coatings
- Others
- Market, by Region:
o
Midwest
o
West
o
North East
o
South
Competitive Landscape
Competition Benchmarking: Benchmarking
of leading 10 players on the basis of product portfolio, production plants,
market pricing, sales footprint, target customer types, etc.
Company Profiles: Detailed analysis of the major
companies present in the Paints & Coatings market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according the company’s specific needs. The
following customization options are available for the report:
Channel Partner Analysis
- Detailed list of distributors and dealers across all major
countries.
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Customer Profiling
- List of major customers of Paints & Coatings and List of
current suppliers of Paints & Coatings.
In case of you can’t find what you are
looking for then please get in touch with our custom research team at [email protected]
It is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]