North America Architectural Coatings Market Introduction and Overview
According to SPER Market Research, the North America Architectural Coatings Market is estimated to reach USD 28.23 billion by 2033 with a CAGR of 3.62%.
The report includes an in-depth analysis of the North America Architectural Coatings Market, including market size and trends, product mix, applications, and supplier analysis. Architectural coatings are specialty paints and coatings used to enhance and preserve the surfaces of buildings and other structures. They are typically used to roofs, floors, ceilings, and walls, both inside and outside. These coatings provide protection from corrosion, moisture, UV rays, and other environmental variables in addition to their practical uses. Acrylic, alkyd, polyurethane, epoxy, and polyester resins are common architectural coating materials that offer a variety of finishes and durability. Depending on the demands of the application and the influence on the environment, water-borne and solvent-borne formulations are preferred. With cutting-edge formulas and materials, architectural coatings significantly extend the life and aesthetic appeal of residential, commercial, and industrial buildings while also promoting sustainability and energy efficiency.
- June 2021; Following negotiations, AkzoNobel N.V. was able to expand its activities in South and Central America by purchasing Grupo Orbis, a paint and coatings producer located in Colombia. Grupo Orbis has business in 10 South American, Central American, and Antilles nations. This is a delivery and growth plan.
- June 2022; The purchase of Tikkurila by PPG was intended to assist the company in expanding its paint and coating options, which will now include premium industrial coatings from Tikkurila as well as its ecologically friendly decorative products.
Market Opportunities and Challenges
Opportunities- Numerous important reasons are driving the architectural coatings industry in North America. Demand is greatly increased by the growing residential and commercial building activities that are being driven by urbanization and infrastructural development. Growth in the market is also fuelled by an increase in remodelling and renovation projects, particularly in the United States and Canada. The need for water-borne solutions has increased as a result of a shift in consumer preference for eco-friendly, low-VOC coatings. Growth in the market is also being influenced by technological developments, such as the creation of coatings that are more resilient and energy-efficient. In addition, government laws encouraging energy-efficient construction and sustainable building practices support the further expansion of architectural coatings in North America.
Challenges- There are several obstacles facing the architectural coatings market in North America. Tight environmental laws governing the use of volatile organic compounds in coatings raise manufacturing costs of compliance and influence their bottom line. Significant research and development expenditures are needed to make the transition to environmentally benign, water-borne coatings, which might be prohibitive for smaller competitors. Price fluctuations for raw materials, especially for resins derived from petrochemicals, lead to cost volatility, which impacts product pricing and profit margins. Market pressure is further increased by growing rivalry from low-cost imports and local firms. Recessions or slowdowns in the building sector's economy, particularly in important areas like the United States and Canada, may also reduce demand for architectural coatings.
Market Competitive Landscape
North America Architectural Coatings Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. The leading vendors are focusing on strategic alliances, partnerships, and geographical expansion to strengthen their market position. Leading companies in the industry are Beckers Group, Benjamin Moore & Co, Champion Coat Pinturas Y Recubrimientos, Cloverdale Paint Inc, COREV DE MEXICO, Diamond Vogel, DUNN-EDWARDS Corporation, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By End-Use Industry, By Resin, By Technology, By Application.
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| Regions covered | United States, Canada, Mexico, Rest of North America.
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| Companies Covered | Beckers Group, Benjamin Moore & Co, Champion Coat Pinturas Y Recubrimientos, Cloverdale Paint Inc, COREV DE MEXICO, Diamond Vogel, DUNN-EDWARDS Corporation, JOTUN, Kelly-Moore Paints, Masco Corporation.
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COVID-19 Impact on North America Architectural Coatings Market
The COVID-19 epidemic affected the architectural coatings business in North America in a variety of ways. Lockdowns, supply chain delays, and labour shortages initially caused building operations to slow down, which decreased demand for coatings in both the residential and commercial sectors. However, DIY restoration projects increased as individuals spent more time at home, which increased demand for interior coatings. Increased home remodelling activity and the slow but steady revival of the building sector helped to overcome earlier losses. Despite obstacles, the market adjusted by concentrating on e-commerce and creating sustainable goods to satisfy changing consumer demands in the wake of the epidemic.
Key Target Audience:
- Architectural Coatings Manufacturers
- Raw Material Suppliers
- Distributors and Wholesalers
- Construction Companies
- Residential and Commercial Property Developers
- Painting Contractors and Professionals
- Interior Designers and Architects
- Retailers (Hardware Stores, Home Improvement Stores)
- Regulatory Bodies and Government Agencies
Our in-depth analysis of the North America Architectural Coatings Market includes the following segments:
| By End-Use Industry: | CommercialResidential |
| By Resin: | AcrylicAlkydPolyurethaneEpoxyPolyesterOther Resin Types |
| By Technology: | Water BorneSolvent Borne |
| By Application: | ResidentialNon-Residential |
Key Topics Covered in the Report:
- North America Architectural Coatings Market Size (FY’2024-FY’2033)
- Overview of North America Architectural Coatings Market
- Segmentation of North America Architectural Coatings Market By End-Use Industry (Commercial, Residential, Others)
- Segmentation of North America Architectural Coatings Market By Resin (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Other Resin Types)
- Segmentation of North America Architectural Coatings Market By Technology (Water Borne, Solvent Borne)
- Segmentation of North America Architectural Coatings Market By Application (Residential, Non Residential)
- Statistical Snap of North America Architectural Coatings Market
- Expansion Analysis of North America Architectural Coatings Market
- Problems and Obstacles in North America Architectural Coatings Market
- Competitive Landscape in the North America Architectural Coatings Market
- Impact of COVID-19 and Demonetization on North America Architectural Coatings Market
- Details on Current Investment in North America Architectural Coatings Market
- Competitive Analysis of North America Architectural Coatings Market
- Prominent Players in the North America Architectural Coatings Market
- SWOT Analysis of North America Architectural Coatings Market
- North America Architectural Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Architectural Coatings Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Architectural Coatings Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Architectural Coatings Market
7. North America Architectural Coatings Market, By End-Use Industry (USD Million) 2020-2033
7.1. North America Architectural Coatings Market Size, Share and Forecast, By End-Use Industry, 2020-2026
7.2. North America Architectural Coatings Market Size, Share and Forecast, By End-Use Industry, 2027-2033
7.3. Commercial
7.4. Residential
8. North America Architectural Coatings Market, By Resin (USD Million) 2020-2033
8.1. North America Architectural Coatings Market Size, Share and Forecast, By Resin, 2020-2026
8.2. North America Architectural Coatings Market Size, Share and Forecast, By Resin, 2027-2033
8.3. Acrylic
8.4. Alkyd
8.5. Polyurethane
8.6. Epoxy
8.7. Polyester
8.8. Other Resin Types
9. North America Architectural Coatings Market, By Technology (USD Million) 2020-2033
9.1. North America Architectural Coatings Market Size, Share and Forecast, By Technology, 2020-2026
9.2. North America Architectural Coatings Market Size, Share and Forecast, By Technology, 2027-2033
9.3. Water Borne
9.4. Solvent Borne
10. North America Architectural Coatings Market, By Application (USD Million) 2020-2033
10.1. North America Architectural Coatings Market Size, Share and Forecast, By Application, 2020-2026
10.2. North America Architectural Coatings Market Size, Share and Forecast, By Application, 2027-2033
10.3. Residential
10.4. Non-Residential
11. North America Architectural Coatings Market, By Region, 2020-2033 (USD Million)
11.1. North America Architectural Coatings Market Size and Market Share By Region (2020-2026)
11.2. North America Architectural Coatings Market Size and Market Share By Region (2027-2033)
11.3. United States
11.4. Canada
11.5. Mexico
11.6. Rest of North America.
12. Company Profile
12.1. Beckers Group
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Benjamin Moore & Co
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Champion Coat Pinturas Y Recubrimientos
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Cloverdale Paint Inc
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. COREV DE MEXICO
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Diamond Vogel
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. DUNN-EDWARDS Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. JOTUN
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Kelly-Moore Paints
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Masco Corporation
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links