North America Industrial Coatings Market Size & Outlook
The industrial coatings market in North America is expected to reach a projected revenue of US$ 22,459.2 million by 2030. A compound annual growth rate of 3.2% is expected of North America industrial coatings market from 2025 to 2030.
Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S
Other key industry trends
In terms of revenue, North America region accounted for 20.0% of the global industrial coatings market in 2024.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Europe is the fastest growing regional market and is projected to reach USD 35,046.1 million by 2030.
The U.S. dominated the industrial coatings market in North America in 2019 and the trend is projected to continue over the forecast period. Growing demand for the product from various end-use industries, such as general, aerospace, marine, oil & gas, and automotive, is anticipated to create lucrative opportunities for the growth of the North American industrial coatings market in the coming years.
The construction industry is witnessing significant growth in the region. Countries such as the U.S. and Canada are characterized by low-risk environment and a robust financial sector. This has provided a multitude of opportunities for investors in recent years, which is expected to trigger infrastructure spending in the region.
In addition, reconstruction activities in the U.S., coupled with infrastructure development in Canada and Mexico, as a result of rapid industrialization, are expected to provide immense potential for the growth of the North American market over the forecast period.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Industrial Coatings Market Outlook will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 37.12% in 2024.
Horizon Databook has segmented the North America industrial coatings market based on polyurethane, other, alkyd, epoxy, polyesters, acrylic covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. dominated the industrial coatings market in North America in 2019 and the trend is projected to continue over the forecast period. Growing demand for the product from various end-use industries, such as general, aerospace, marine, oil & gas, and automotive, is anticipated to create lucrative opportunities for the growth of the North American industrial coatings market in the coming years.
The construction industry is witnessing significant growth in the region. Countries such as the U.S. and Canada are characterized by low-risk environment and a robust financial sector. This has provided a multitude of opportunities for investors in recent years, which is expected to trigger infrastructure spending in the region.
In addition, reconstruction activities in the U.S., coupled with infrastructure development in Canada and Mexico, as a result of rapid industrialization, are expected to provide immense potential for the growth of the North American market over the forecast period.
North America Industrial Coatings Market Product Outlook (Revenue, USD Million , 2021-2033)
Acrylic
Alkyd
Polyurethane
Epoxy
Polyesters
Other
North America Industrial Coatings Market Technology Outlook (Revenue, USD Million , 2021-2033)
Solvent Borne
Water Borne
Powder Based
Others
North America Industrial Coatings Market End Use Outlook (Revenue, USD Million , 2021-2033)
General Industrial
Marine
Automotive & Vehicle Refinish
Electronics
Aerospace
Oil & Gas
Mining
Power Generation
Other
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North America Industrial Coatings Market, 2021-2033 (US$M)