DUBLIN--(BUSINESS WIRE)--The "North America Architectural Coatings Market - Segmented by Construction, Application, Technology, Resin, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The North-America architectural coatings market stood at 7,365.5 kilometric tons in 2017. The market is expected to register a CAGR of 3.52% in terms of volume during the forecast period, 2018 to 2023.
United States construction sector is one of the main consumers of paints and coatings market. Commercial construction has been setting-up pace in the form of offices, malls, and restaurants etc. Additionally, the construction of super tall skyscrapers measuring over 984 feet is currently underway in Chicago, Los Angeles, New York, and San Francisco, while other cities, like Boston, Austin, and Philadelphia, are boosting the commercial construction activities in the United States.
Cities across the United States are in the middle of a multi-year boom in commercial construction, which is augmented by local and foreign investment. Some of the major construction projects involve: USD 225 million Children's Hospital expansion in New Orleans, The USD 1.5 billion Atlanta Falcons Stadium, The Washington State Convention Center in Seattle, One Thousand Museum in Miami, The Comcast Technology Center in Philadelphia. Hence, with such boom in commercial construction activities in the United States, the demand for paints & coatings in the region is projected to increase substantially during the forecast period.
The VOCs released from solvent-borne coatings is the core reason for the switch of manufacturers to water-borne coatings. Also, other properties like low odor, more durability, and more block resistance make waterborne coatings more preferable. There are many regulations from several governments, which support water-based coatings. In recent times there has been a propensity to seek coatings with high usability and water clean-up characteristics among the users; water-borne coatings meet the requirements, and also facilitate low viscosity, without the addition of low-molecular weight monomers.
Key Developments in the Market
- June 2017: The Sherwin-Williams Company completed the acquisition of The Valspar Corporation and creates a global leader in paints & coatings industry
Major Players
- Sherwin Williams
- PPG Industries
- Masco
Key Topics Covered
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- AkzoNobel
- Beckers
- Benjamin Moore
- Cloverdale Paint Inc.
- Diamond-Vogel
- Dunn-Edwards Corporation
- Kelly-Moore Paints
- Masco
- PPG Group Inc.
- RPM International Inc.
- The Sherwin-Williams
For more information about this report visit https://www.researchandmarkets.com/research/926ffj/north_american?w=4
