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.
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
Table of Contents
1. Introduction
3. Research Methodology
4. North America Decorative Paints - Market Landscape
5. North America Decorative Paints Market - Key Market Dynamics
6. North America Decorative Paints - Market Analysis
7. North America Decorative Paints Market Analysis - By Type
8. North America Decorative Paints Market Analysis - By Application
9. North America Decorative Paints Market Analysis - Country Analysis
10. Impact of COVID-19 Pandemic on North America Decorative Paints Market
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akzo Nobel N.V.
- BASF SE
- The Sherwin-Williams Company
- Dow Inc.
- PPG Industries, Inc.
- RPM International, Inc.
- Axalta Coatings Systems
- Kansai
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 85 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 16494.79 Million |
Forecasted Market Value ( USD | $ 26372.42 Million |
Compound Annual Growth Rate | 6.0% |
Regions Covered | North America |