Key Findings
The United States automotive paints & coatings market is evaluated to record a CAGR of 6.39% over the forecast years. The country’s market growth is mainly credited to key factors like increased municipal and state government incentives, the strong presence of leading automatable manufacturers, as well as the surging incidence of highly skilled labor. While the base year considered for the market studied is 2020, the projected period is from 2021 to 2026.

Market Insights
While the automobile industry continues to expand globally, the demand for automotive paints & coatings is primarily associated with the sector’s proliferation. In 2020, the United States manufactured 6.7 million light commercial vehicles. Moreover, several automobile producers have engine and transmission plants located in the country that conduct research and development, design, and resting.
On the other hand, the United States is one of the largest markets for automotive paints & coatings, with the well-established presence of top automobile manufacturers such as General Motors (GM), Ford, Honda, Toyota, and Fiat Chrysler Automobiles (FCA). Furthermore, the augmenting demand for vehicles further contributes to the significant need for automotive paints & coatings across the United States. Therefore, these factors are set to facilitate the market growth of the country during the estimated years.

Competitive Insights
Some of the distinguished firms operating in the market are Axalta Coating Systems, PPG Industries Inc, Sherwin-Williams, Valspar Corporation, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments