North America Architectural Coatings Market - Segmented By Type, End Use Application and Geography - Trends and Forecasts (2017 - 2022)
The North American architectural coatings market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Architectural coatings are majorly used to coat interiors and exteriors of homes and building structures. They are further applied on floors, roofs, pavements, walkways, and decks. The architectural coatings provide aesthetic colors and texture options, thereby making it attractive and durable at the same time. They also provide color retention and green coatings provide self-cleaning properties, which gives them resistance to chalking and fading when exposed to bright sunlight.
Architectural coatings, owing to their corrosion and temperature resistance, increased durability on end products, and low fire-hazards risks properties are becoming an integral part of various commercial and industrial sectors. In the architectural coatings market report, the following major end-use application sectors were into consideration: interior and exterior. These applications are further segmented into residential and non-residential. The residential segment is the fastest growing segment in the market and accounted for more than XX.XX% share of the North America architectural coatings market in 2015.
Market Dynamics of the North America Architectural Coatings Market:
Stringent Environmental regulations to control VOC emissions
Demand from infrastructure industry
Growing home appliance industry.
Higher cost production
Lack of product focus
Lack of awareness
According to the technology used in the production, the market has been segmented into water-borne and powder coatings. Waterborne coatings are further segmented into water-soluble paints, colloidal paints, emulsions/latex coatings, and water-based alkyd coatings; while the powder coatings segment is further divided into thermosetting powder coatings and thermoplastic powder coatings. The market is also segmented based on the type of coatings into ceilings, bridges, walls, tunnels, walkways, basements, floors, and roofs.
The market has also been geographically segmented into North America region by countries such as United States, Canada, Mexico and the rest of United States. In terms of growth in 2015, United States led the market growing at a CAGR of XX.XX%. With the major new development in the country, that is accelerating the demand for infrastructure, in turn making these countries an area of immense potential and opportunities.
Furthermore, the development of bio-based products and the rising disposable income of people will offer numerous opportunities for the growth of the global architectural coatings market. Some of the major companies dominating this market for its products, services, and continuous product developments are:
Akzo Nobel Coatings
Axalta Coatings System
Beckers Speciality Corporation
Key Deliverables in the Study:
Analysis for the North America architectural coatings market, with region specific assessments and competition analysis on North American and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on North American and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the North America architectural coatings market on both North American and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.