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North America Architectural Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2028)

The North America Architectural Coatings Market Report is segmented by sub end user ( commercial, residential ) , by technology ( solventborne, waterborne ) , by resin ( acrylic, alkyd, epoxy, polyester, polyurethane ) and by country ( Canada, Mexico, United States)

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North America Architectural Coatings Market Size

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North America Architectural Coatings Market Summary
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svg icon Study Period 2018 - 2028
svg icon Base Year For Estimation 2021
svg icon Market Size (2024) USD 20.68 Billion
svg icon Market Size (2028) USD 23.63 Billion
svg icon CAGR (2024 - 2028) 3.39 %
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Architectural Coatings Market Analysis

The North America Architectural Coatings Market size is estimated at USD 20.68 billion in 2024, and is expected to reach USD 23.63 billion by 2028, growing at a CAGR of 3.39% during the forecast period (2024-2028).

  • Over the medium term, the rising construction activities in the region are the major factors driving the North American architectural coatings market growth during the forecast period.
  • On the other hand, the growing environmental concerns in the region, coupled with raw material prices and supply chain disruptions, are key factors anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, the growing sustainability in architectural paints and coatings is likely to create lucrative growth opportunities for the global market soon.
  • The United States is the leading country in architectural coatings consumption due to its higher housing stocks and remodeling index compared to other countries in the region.

North America Architectural Coatings Market Trends

Residential Segment is Expected Dominate the Market

  • Architectural paints and coatings include interior and exterior house paints, primers, varnishes, sealers, and stains.
  • These paints and coatings are critical in providing air barriers essential for energy-efficient building enclosures. In residential buildings, air barriers provided by architectural coatings stop the flow of air through the building, protect the structure, and increase the efficiency of heating and cooling systems.
  • These air barriers also contribute to the energy efficiency performance requirements found in all green building standards.
  • In the North American region, the increased government spending in the real estate market for residential construction and the growing demand for high-class residential homes are likely to benefit the market's growth. In addition, rising real estate costs, particularly the development of single-family homes and multistory apartments in the region, are anticipated to boost the architectural paints and coatings market further.
  • Moreover, the rising household income levels, combined with the population migrating from rural to urban areas, are expected to continue to drive the demand for the residential construction sector in North America. The increased focus on affordable housing by both the public and private sectors is driving the growth in the residential construction sector in the region.
  • According to the Canadian Construction Association, the construction sector is one of Canada's largest employers and a major contributor to the country's economic success. The industry generates about USD 141 billion annually and contributes 7.5% of the country's gross domestic product (GDP).
  • Further, according to StatCan, there was an increasing trend in new housing constructions in Q2 2023, where around 64,042 units of new housing were started.
  • As Canada's economic recovery from COVID-19 continues, supply chain disruptions and labor shortages contribute to the challenges felt across most industries, and the construction sector is no exception. However, residential and non-residential investments are increasingly recovering from the early pandemic slowdown.
  • Due to increased investments in 2022, the consumption of paints is expected to be high in 2023. This growth scenario is further expected to continue till 2024 due to the government's upgradation of immigration targets in 2024.
  • From the above points, it can be inferred that the residential segment is set to play the dominant role in the North American architectural coatings market during the forecast period.
North America Architectural Coatings Market: New Housing Starts, in Units, Canada, Q1 2020 - Q2 2023

United States is the largest segment by Country.

  • The United States is one of the world's largest and most powerful economies. However, the country's GDP declined to -2.8% in 2020, severely impacted by the pandemic. Furthermore, the country recorded a growth of 5.9% in 2021, and it reached about 2.1% in 2022. In 2023, the IMF has estimated that the GDP would grow by about 1.6%.
  • The United States boasts a colossal construction sector with over 7.6 million employees. Playing a prominent role in commercial and residential construction, the US construction sector significantly contributes to the country's economy. Due to increasing construction activities in the United States, the consumption of architectural paints and coatings in the country is expected to increase.
  • In the United States, residential paint consumption grew substantially in 2020. This was due to the residential repaint segment, which saw the highest jump in consumption, especially in the DIY paint market, as people remodeled their homes to build new work-from-home environments.
  • The United States has one of the world's largest construction industries, valued at USD 1,630 million in 2021 and USD 1,790 million in 2022. The country accounts for around 10% of global construction spending. Furthermore, the commercial construction value in the United States was registered at USD 114.79 billion in 2022, compared to USD 94.95 billion in 2021.
  • According to the US Census Bureau, the value of private construction in 2022 was USD 1,429.2 billion, 11.7% (± 1.0%) higher than the USD 1,279.5 billion in 2021. Residential construction spending in 2022 was USD 899.1 billion, up by 13.3% (±2.1%) from USD 793.7 billion in 2021, while non-residential construction spending amounted to USD 530.1 billion, down by 9.1% (±2.1%) from USD 485.8 billion in 2021. 1.0%).
  • Additionally, the country is upgrading its existing airports. Some of the upcoming major airport expansion projects include the reconfiguration of the runway system at Chicago O'Hare International Airport, the construction of new ticketing areas and the addition of new security checkpoints at the Denver International Airport, the construction of a new international terminal at Houston George Bush Intercontinental Airport, the construction of a 2.25-mile automated people mover and new parking facilities at Los Angeles International Airport, the addition of 15 gates and an Intermodal Terminal Facility to link with rail systems at Orlando International Airport, building a new terminal at New York LaGuardia Airport, doubling the capacity of San Francisco International Airport's international terminal, and many more.
  • Therefore, all the aforementioned factors are likely to affect the demand for architectural paints and coatings in the country in the coming years.
North America Architectural Coatings Market: Value of New Construction Put in Place, in USD billion, United States , 2015-2022

North America Architectural Coatings Industry Overview

The North American architectural coatings market is consolidated in nature. Some of the major players in the market (in no particular order) include Benjamin Moore & Co., Diamond Vogel, PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Company, among others.

North America Architectural Coatings Market Leaders

  1. Benjamin Moore & Co.

  2. Diamond Vogel

  3. PPG Industries, Inc.

  4. RPM International Inc.

  5. The Sherwin-Williams Company

*Disclaimer: Major Players sorted in no particular order

North America Architectural Coatings Market Concentration
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North America Architectural Coatings Market News

  • October 2022: Benjamin Moore & Co. enhanced its ultra-premium AURA Interior paint with a new acrylic resin and cutting-edge formula to bring the coating to new heights of beauty and performance.
  • September 2022: Kelly Moore Paints was acquired by Flacks Group, a global investment firm. Flacks Group acquired 157 retail stores across California, Nevada, Texas, and Oklahoma and manufacturing facilities in Hurst, Texas. This move will strengthen the company's position in the North American region.

North America Architectural Coatings Market Report - Table of Contents

  1. 0. INTRODUCTION

    1. 0_0. Study Assumptions and Market Definition

    2. 0_1. Scope of the Study

  2. 1. RESEARCH METHODOLOGY

  3. 2. EXECUTIVE SUMMARY

  4. 3. MARKET Dynamics

    1. 3_0. Drivers

      1. 3_0_0. Growing Construction Activities In North America

    2. 3_1. Restraints

      1. 3_1_0. Growing Environmental Concerns In the Region

      2. 3_1_1. Raw Material Prices and Supply Chain Disruptions

    3. 3_2. Industry Value Chain Analysis

    4. 3_3. Porter's Five Forces Analysis

      1. 3_3_0. Bargaining Power of Suppliers

      2. 3_3_1. Bargaining Power of Buyers

      3. 3_3_2. Threat of New Entrants

      4. 3_3_3. Threat of Substitute Products And Services

      5. 3_3_4. Degree of Competition

  5. 4. MARKET SEGMENTATION

    1. 4_0. End-user Industry

      1. 4_0_0. Commercial

      2. 4_0_1. Residential

    2. 4_1. Technology

      1. 4_1_0. Water Borne

      2. 4_1_1. Solvent Borne

    3. 4_2. Resin

      1. 4_2_0. Acrylic

      2. 4_2_1. Alkyd

      3. 4_2_2. Polyurethane

      4. 4_2_3. Epoxy

      5. 4_2_4. Polyester

      6. 4_2_5. Other Resin Types

    4. 4_3. Geography

      1. 4_3_0. United States

      2. 4_3_1. Canada

      3. 4_3_2. Mexico

      4. 4_3_3. Rest of North America

  6. 5. COMPETITIVE LANDSCAPE

    1. 5_0. Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 5_1. Market Share (%) Analysis

    3. 5_2. Strategies Adopted by Leading Players

    4. 5_3. Company Profiles

      1. 5_3_0. Beckers Group

      2. 5_3_1. Benjamin Moore & Co.

      3. 5_3_2. Champion Coat Pinturas Y Recubrimientos

      4. 5_3_3. Cloverdale Paint Inc.

      5. 5_3_4. COREV DE MEXICO

      6. 5_3_5. Diamond Vogel

      7. 5_3_6. DUNN-EDWARDS Corporation

      8. 5_3_7. JOTUN

      9. 5_3_8. Kelly-moore Paints

      10. 5_3_9. Masco Corporation

      11. 5_3_10. Micca Paint Inc.

      12. 5_3_11. Pinturas Acuario

      13. 5_3_12. Pinturas Berel SA De Cv

      14. 5_3_13. PPG Industries Inc.

      15. 5_3_14. Pinturas PRISA

      16. 5_3_15. RPM International Inc.

      17. 5_3_16. Selectone Paints Inc.

      18. 5_3_17. Societe Laurentide

      19. 5_3_18. The Sherwin-williams Company

      20. 5_3_19. Farrow & Ball Ltd

      21. 5_3_20. Fine Paints of Europe

    5. *List Not Exhaustive

  7. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 6_0. Growing Sustainability In Architectural Paints and Coatings

List of Tables & Figures

  1. Figure 1:  
  2. NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2016 - 2028
  1. Figure 2:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 3:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, VALUE, USD, 2016 - 2028
  1. Figure 4:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 5:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 6:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 7:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 8:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 9:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 10:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 11:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 12:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 14:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 15:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 16:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 17:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 18:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 19:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 20:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 21:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 22:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 23:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 24:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 25:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 26:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 27:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 28:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 29:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 30:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 31:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 32:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 33:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 34:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 35:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 36:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 37:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 38:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 40:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 41:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 42:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 43:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 44:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 45:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 46:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 47:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 48:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 49:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 50:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 51:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 52:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 53:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 54:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 55:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 56:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 57:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 58:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 59:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 60:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
  1. Figure 61:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 62:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 63:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 64:  
  2. NORTH AMERICA ARCHITECTURAL COATINGS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

North America Architectural Coatings Industry Segmentation

Architectural coatings include paints applied on office buildings, warehouses, retail convenience stores, shopping malls, and residential buildings, wood products, which are used in furniture and fixtures, doors and windows, decks and cabinets, and other products.

The North American architectural coatings market is segmented by end-user industry, technology, resin, and geography. By end-user industry, the market is segmented into commercial and residential. By technology, the market is segmented into solvent-borne and water-borne). By resin, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types). The report also covers the market size and forecasts for the architectural coatings market across major countries in the region. For each segment, the market sizing and forecasts have been done based on revenue (USD) and volume (kilotons).

End-user Industry
Commercial
Residential
Technology
Water Borne
Solvent Borne
Resin
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Other Resin Types
Geography
United States
Canada
Mexico
Rest of North America
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Market Definition

  • COMMERCIAL - The Commercial Sector includes the paints and coatings used for hotels, hospitals, educational institutions, government institutions and malls among others. The scope does not include paints and coatings used for infrastructure applications.
  • RESIDENTIAL - This section includes interior and exterior paints and coatings used on residential buildings.
  • FLOOR AREA - The total floor area comprises of both existing and new floor area for the sub end users considered in the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific end-user segment and country are selected from a group of relevant variables & factors based on the desk research & literature review; along with primary expert inputs.
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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North America Architectural Coatings Market Research FAQs

The North America Architectural Coatings Market size is expected to reach USD 20.68 billion in 2024 and grow at a CAGR of 3.39% to reach USD 23.63 billion by 2028.

In 2024, the North America Architectural Coatings Market size is expected to reach USD 20.68 billion.

Benjamin Moore & Co., Diamond Vogel, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company are the major companies operating in the North America Architectural Coatings Market.

In the North America Architectural Coatings Market, [object Object] accounts for the Major Players.

In 2023, the North America Architectural Coatings Market size was estimated at USD 20.06 billion. The report covers the North America Architectural Coatings Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Architectural Coatings Market size for years: 2024, 2025, 2026, 2027 and 2028.

North America Architectural Coatings Industry Report

Statistics for the 2024 North America Architectural Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Architectural Coatings analysis includes a market forecast outlook to for 2024 to 2028) and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Architectural Coatings Market Report Snapshots

North America Architectural Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2028)