Market Research North America Paints & Coatings Market Analysis

The North America paints & coatings market is estimated to register a growth rate of 4.09% during the
forecast period (2018 - 2023). The United States is estimated to lead the market, due to the ongoing
growth in the automotive and architectural sectors in the country. Water-based coatings are expected
to be the fastest- growing type, by technology.
Increasing Beverage Can Production in the Region
Coatings are used in beverage cans to provide design, aesthetic appeal, quality, reliability, sustainability
and most importantly, protection to the products. Therefore, increasing can production drives the paints
& coatings market. In recent times, there has been an increase in the demand for beverage cans in
North America, especially aluminum cans, as they have high recycling rate and more recyclable content.
The US government is planning to remove tariffs or trade restrictions on aluminum products, which
would increase the production of beverage cans in the country. In the United States, there has been an
increasing demand for specialty beverage cans. Specialty cans of sizes other than the standard diameter
of 12 oz. have become a popular format for a variety of products, which include soft drinks, beer, ready-
to-drink teas, coffee, sparkling waters, wine and spirits, juices, and other functional beverages. Crown
Holdings, which is the leading supplier of metal packaging products, worldwide, has opened its new
beverage can manufacturing plant in Nichols, New York. In Canada, the number of brewing facilities
have increased which, in turn, is increasing the production, thereby driving the demand for paints and
coatings for alcoholic beverages cans. The number of brewing facilities had increased by 20.3%, from
644 in 2015 to a high value 775 in 2016. These factors are expected to increase the production of
beverage cans, which, in turn, is likely to increase the usage of paints and coatings.
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Water-borne Technology - The Fastest Growing Type by Technology
The VOCs released from solvent-borne coatings is the core reason for the manufacturers switching 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. These are usually used in several applications, which include
transportation, building & construction, and industrial applications. 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 facilitate low viscosity as well, without the addition of
low-molecular weight monomers. The U.S. Environmental Protection Agency (EPA) & Architectural and
Industrial Maintenance (AIM), a government initiative in North America, was adopted to improve human
health and the environment from the risks that can be constituted by chemicals, while enhancing the
competition in North American chemical industry. This is increasing the demand for water-borne
coatings with low-VOC content.
United States to Lead the Market in the North America Region
The United States is the second largest producer of paints and coatings, globally, after China. Growing
infrastructure in the United States, which is one of the major consumers of architectural coatings, is