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North America Decorative Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Water Based and Solvent Based) and Application (Residential and Non-Residential)

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    Report

  • 85 Pages
  • July 2021
  • Region: North America
  • The Insight Partners
  • ID: 5416204
UP TO OFF until Jun 30th 2023
Water Based segment to dominate the North America Decorative Paints Market during 2020-2028.

According to a new market research study on “North America Decorative Paints Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Deployment and Application,” the market is expected to reach US$ 26,372.42million by 2028 from US$ 16,494.79million in 2020. The market is estimated to grow at a CAGR of 6% from 2020 to 2028. The report provides trends prevailing in the North America decorative paints market along with the drivers and restraints pertaining to the market growth. Expansion in the construction industry, excessive demand of water based paints, and growing focus over sustainability are the major factor driving the growth of the decorative paints market. However, harmful effects of lead in paints along with high cost of raw material hinder the growth of decorative paints market.

The US has the highest number of confirmed cases of COVID-19, as, compared to Mexico and Canada. This is likely to impact the chemicals & materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. In US the buildings, automobile, and architectural industries, as well as the chemical and materials companies which work along with them, have been hit hard by the corona virus due to the travel restrictions as well as maintenance of social distancing. With the outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on the decorative paints market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments in the region.

North America decorative paints market is segmented based on type and application. The North America decorative paints market based on type is segmented into water based and solvent based. Water based segment accounted for the highest share in the market in 2019 and is expected to be fastest growing during forecast period. Based on application, is segmented into residential and non-residential. Residential segment accounted for the highest share in 2019 and non-residential segment is expected to be the fastest growing during forecast period.

Akzo Nobel N.V.; BASF SE; Dow Inc.; Axalta Coating Systems; PPG Industries Inc.; RPM International Inc.; Kansai; and The Sherwin-Williams are among some of the leading companies in the North America decorative paints market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive decorative paints market.

The report segments the North America Decorative Paints Market as follows:


North America Decorative Paints Market - By Type

  • Water based
  • Solvent based

North America Decorative Paints Market - By Application

  • Residential
  • Non-Residential

North America Decorative Paints Market - By Country

  • US
  • Canada
  • Mexico

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America decorative paints market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in North America decorative paints market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the decorative paints market as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the North American Decorative Paints Market

What is the estimated value of the North American Decorative Paints Market?

The North American Decorative Paints Market was estimated to be valued at $16494.79 Million in 2021.

What is the growth rate of the North American Decorative Paints Market?

The growth rate of the North American Decorative Paints Market is 6.0%, with an estimated value of $26372.42 Million by 2028.

What is the forecasted size of the North American Decorative Paints Market?

The North American Decorative Paints Market is estimated to be worth $26372.42 Million by 2028.

Who are the key companies in the North American Decorative Paints Market?

Key companies in the North American Decorative Paints Market include Akzo Nobel N.V., BASF SE, The Sherwin, Williams Company, Dow Inc., PPG Industries, Inc., RPM International, Inc., Axalta Coatings Systems and Kansai.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Decorative Paints Market, by Type
1.3.2 Decorative Paints Market, by Application
1.3.3 North America Decorative Paints Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. North America Decorative Paints - Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinion
5. North America Decorative Paints Market - Key Market Dynamics
5.1 Drivers
5.1.1 Expansion in the Construction Industry
5.1.2 Excessive Demand of Water based Paints
5.2 Market Restraints
5.2.1 Harmful Effects of Lead in Paints along with High cost of Raw Material
5.3 Market Opportunities
5.3.1 Growing focus over sustainability
5.4 Future Trends
5.4.1 Technological Improvement along with New Product Development
5.5 Impact Analysis of Drivers and Restraints
6. North America Decorative Paints - Market Analysis
6.1 Decorative Paints Market Overview
6.1.1 North America: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
7. North America Decorative Paints Market Analysis - By Type
7.1 Overview
7.1.1 North America: Decorative Paints Market, by Type
7.2 Water Based Decorative Paints
7.2.1 Overview
7.2.2 Water Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
7.3 Solvent Based Decorative Paints
7.3.1 Overview
7.3.2 Solvent Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
8. North America Decorative Paints Market Analysis - By Application
8.1 Overview
8.1.1 North America: Decorative Paints Market, by Application
8.2 Residential
8.2.1 Overview
8.2.2 Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
8.3 Non-Residential
8.3.1 Overview
8.3.2 Non-Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Mn)
9. North America Decorative Paints Market Analysis - Country Analysis
9.1 Overview
9.1.1 North America: Decorative Paints Market, by Key Country
9.1.1.1 US: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Decorative Paints Market, by Type
9.1.1.1.2 US: Decorative Paints Market, by Application
9.1.1.2 Canada: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Decorative Paints Market, by Type
9.1.1.2.2 Canada: Decorative Paints Market, by Application
9.1.1.3 Mexico: Decorative Paints Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Decorative Paints Market, by Type
9.1.1.3.2 Mexico: Decorative Paints Market, by Application
10. Impact of COVID-19 Pandemic on North America Decorative Paints Market
10.1 Impact of COVID-19 on North America Decorative Paints Market
11. Company Profiles
11.1 Akzo Nobel N.V.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 The Sherwin-Williams Company
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Dow Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 PPG Industries, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 RPM International, Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 Axalta Coatings Systems
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kansai
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms
List of Tables
Table 1. US Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 2. US Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 3. Canada Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. Mexico Decorative Paints Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Decorative Paints Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Glossary of Terms, North America Decorative Paints Market
List of Figures
Figure 1. North America Decorative Paints Market Segmentation
Figure 2. North America Decorative Paints Market Segmentation - By Country
Figure 3. North America Decorative Paints Market Overview
Figure 4. Residential Segment Held Largest Share of North America Decorative Paints Market
Figure 5. US Held Largest Share of North America Decorative Paints Market
Figure 6. North America Decorative Paints Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Decorative Paints Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America: Decorative Paints Market Revenue Share, by Type (2019 and 2028)
Figure 12. Water Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Solvent Based Decorative Paints: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 14. North America: Decorative Paints Market Revenue Share, by Application (2019 and 2028)
Figure 15. Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Non-Residential: Decorative Paints Market - Revenue, and Forecast to 2028 (US$ Mn)
Figure 17. Geographic Overview of North America Decorative Paints Market
Figure 18. North America: Decorative Paints Market Revenue Share, by Key Country (2019 and 2028)
Figure 19. US: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Canada: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Mexico: Decorative Paints Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in North American Country Markets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Akzo Nobel N.V.
  • BASF SE
  • The Sherwin-Williams Company
  • Dow Inc.
  • PPG Industries, Inc.
  • RPM International, Inc.
  • Axalta Coatings Systems
  • Kansai