North America Paints and Coatings Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Waterborne, Solvent Borne, Powder Coating, UV Coatings, and Others), By Application (Architectural, Automotive OEM, Marine, Coil, General Industries, Protective Coatings, Automotive Refinish, Industrial Wood, Packaging, and Others), and North America, Paints and Coatings Market Insights, Industry Trend, Forecasts to 2035

North America Paints and Coatings Market Insights Forecasts to 2035

• The North America Paints and Coatings Market Size Was Estimated at USD 45.20 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 4.35% from 2025 to 2035
• The North America Paints and Coatings Market Size is Expected to Reach USD 72.20 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The North America Paints and Coatings Market Size is anticipated to Reach USD 72.20 Billion by 2035, Growing at a CAGR of 4.35% from 2025 to 2035. The growing need for environmentally friendly formulations, technical developments, growing construction activities, and growing usage across the automotive, marine, and industrial sectors create opportunities for the North American paints and coatings market.

Market Overview

The formulation, manufacture, and distribution of paints and coating materials for functional, ornamental, and protective purposes are all included in the North American paints and coatings market. Water-borne, solvent-borne, powder, and UV-cured coatings are among the materials used in the automotive, industrial, packaging, and architectural industries. The goal of the North America paints and coatings market is to provide high-performance, sustainable, and innovative coating solutions for industrial, automotive, and architectural applications while placing an intense focus on environmental compliance, durability, and innovation. The North America paints and coatings market is anticipated to increase significantly as a result of rising product usage in the general, automotive, and construction sectors. The market for paints and coatings in North America is steadily growing, mostly due to strong demand from the industrial, marine, automotive, and construction sectors.

Report Coverage

This research report categorizes the market for North America paints and coatings market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America paints and coatings market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America paints and coatings market. 

Driving Factors

The North America paints and coatings market is being driven by rising demand from new building and automotive refinishing. The building industry's expansion can also be attributed to the expanding use of cloud computing and Building Information Modeling (BIM). Applications such as coils, wood, industrial metals, transportation, and automobiles are driving product growth and will accelerate North America paints and coatings market expansion. Growing building activity, technical developments, and consumer desire for high-performance and environmentally friendly coatings are the main factors propelling the North America paints and coatings market.   

Restraining Factors

Rising raw material costs, strict environmental restrictions, and growing competition from low-VOC alternatives all pose challenges to profitability and market expansion in the North America paints and coatings market.  

Market Segmentation

The North America paints and coatings market share is classified into product type and application.

• The waterborne segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.

The North America paints and coatings market is segmented by product into waterborne, solvent borne, powder coating, UV coatings, and others. Among these, the waterborne segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Increased use in the printing ink, furniture, plastic, automotive, and wood sectors is the cause of the waterborne segment. The advantages of waterborne coatings, such as their quick-drying time, ease of application, and lack of volatile organic compounds, are what are propelling this market's expansion.

• The architectural segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The North America paints and coatings market is segmented by application into architectural, automotive OEM, marine, coil, general industries, protective coatings, automotive refinish, industrial wood, packaging, and others. Among these, the architectural segment held a largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Paints and coatings are primarily used in architectural applications for aesthetic purposes on both residential and non-residential structures and buildings to shield them from environmental degradation and UV rays, among other things.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America paints and coatings market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Becker Group
• KCC Corporation
• Jotun Group
• PPG Industries Inc.
• Kansai Paint Co. Ltd
• RPM International Inc.
• Axalta Coating Systems Ltd
• Akzo Nobel N.V.Datacor, Inc.
• Others

Recent Developments

• In February 2023, AkzoNobel Powder Coatings launched the Interpon Futura Collection, which features three fresh, fashionable color schemes: Soft Abstraction, Healing Nature, and Merging World. The collection supports AkzoNobel's broader sustainability initiative and produces no solvents or volatile organic compounds.

Key Target Audience 

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America paints and coatings market based on the below-mentioned segments:

North America Paints and Coatings Market, By Product Type

• Waterborne
• Solvent Borne
• Powder Coating
• UV Coatings
• Others

North America Paints and Coatings Market, By Application

• Architectural
• Automotive OEM
• Marine
• Coil
• General Industries
• Protective Coatings
• Automotive Refinish
• Industrial Wood
• Packaging
• Others