US Protective Coatings Market Size (2024 - 2029)

The United States Protective Coatings Market is experiencing a steady recovery and growth trajectory, having rebounded to pre-pandemic levels. This market expansion is driven by government infrastructure initiatives, increased activities in the oil and gas sector, and rising revenue from industries such as plastics and pulp and paper. Additionally, there is a notable shift towards bio-based coatings, which presents further opportunities for market growth. However, challenges such as supply chain disruptions and fluctuating raw material prices continue to pose obstacles to the market's progress.

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Market Size of US Protective Coatings Industry

US Protective Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Low

Major Players

US Protective Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Protective Coatings Market Analysis

The US Protective Coatings Market was valued at USD 2489.04 million by the end of 2022, and the market is projected to register a CAGR of 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily in the future.

  • The driving factors that tend to the market growth include initiatives and policies from the government for the development of infrastructure, increasing activities in the oil and gas sector, and increasing revenue generation from various sectors such as plastics, pulp, and paper, among others, and a rising trend of a shift in focus toward bio-based coatings.
  • With supply chain disruptions post-COVID-19 pandemic, the fluctuation in raw material prices has created a hindrance in the protective coatings market.
  • The growing options for bio-based coatings are further likely to provide opportunities for the studied market during the forecast period.

US Protective Coatings Industry Segmentation

Protective Coatings are made up of various raw materials, including resins, additives, pigments, solvents, and other materials, and are used to protect infrastructure, petrochemical industries, and oil and gas industries from corrosion and environmental effects, including acid rain, among others. The market is segmented on the basis of resin, technology, and end-user industry. By resin type, the market is segmented into Resin Epoxy, Acrylic, Alkyd, Polyurethane, Polyester, and Other Resin Types. By Technology, the market is segmented into Water borne Coatings, Solvent Borne Coatings, Powder Coatings, and UV Cured Coatings. By End-user Industry, the market is segmented into Oil and Gas, Mining, Power, Infrastructure, and Other End-user Industries. The report covers the market size and forecasts for the United States Protective Coatings market. The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

By Resin Type
Epoxy
Acrylic
Alkyd
Polyurethane
Polyester
Other Resin Types
By Technology
Water Borne Coatings
Solvent Borne Coatings
Powder Coatings
Other Technologies
By End-user Industry
Oil and Gas
Mining
Power
Infrastructure
Other End-user Industries
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US Protective Coatings Market Size Summary

The United States protective coatings market is poised for steady growth, driven by government initiatives in infrastructure development and increasing activities in the oil and gas sector. The market has rebounded to pre-pandemic levels and is expected to expand at a consistent pace. Key factors contributing to this growth include the rising demand for bio-based coatings and the need for heat-resistant and corrosion-protective solutions in the oil and gas industry. The sector's reliance on protective coatings for equipment and infrastructure, such as tanks and pipelines, underscores the importance of these products in maintaining operational efficiency and compliance with environmental regulations. Despite challenges like supply chain disruptions and fluctuating raw material prices, the market is set to benefit from the ongoing expansion of the oil and gas industry and the shift towards sustainable coating solutions.

In addition to the oil and gas sector, the infrastructure industry represents a significant end-user of protective coatings in the United States. The demand for coatings is driven by the need to protect infrastructure from environmental factors such as heat, sunlight, and chemical exposure. The country's infrastructure projects, supported by substantial government funding, are expected to boost the demand for protective coatings. This includes applications in bridges, coastal structures, and public buildings, among others. The market is characterized by its fragmented nature, with major players like RPM International Inc., AkzoNobel NV, and The Sherwin-Williams Company leading the industry. Recent acquisitions, such as Seal for Life Industries' purchase of Mascoat Ltd and Verdia Inc., highlight the dynamic nature of the market as companies seek to expand their product offerings and strengthen their market positions.

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US Protective Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Activity in the Oil and Gas Sector

      2. 1.2.2 Infrastructure sector to Fuel in the Demand for Protective Coatings

    3. 1.3 Market Restraints

      1. 1.3.1 Price Hikes of Raw Materials

      2. 1.3.2 Other Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylic

      3. 2.1.3 Alkyd

      4. 2.1.4 Polyurethane

      5. 2.1.5 Polyester

      6. 2.1.6 Other Resin Types

    2. 2.2 By Technology

      1. 2.2.1 Water Borne Coatings

      2. 2.2.2 Solvent Borne Coatings

      3. 2.2.3 Powder Coatings

      4. 2.2.4 Other Technologies

    3. 2.3 By End-user Industry

      1. 2.3.1 Oil and Gas

      2. 2.3.2 Mining

      3. 2.3.3 Power

      4. 2.3.4 Infrastructure

      5. 2.3.5 Other End-user Industries

US Protective Coatings Market Size FAQs

The US Protective Coatings Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

RPM International Inc, AkzoNobel N.V., Jotun, The Sherwin-Williams Company and PPG Industries, Inc. are the major companies operating in the US Protective Coatings Market.

US Protective Coatings Market Report Snapshots

United States Protective Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)