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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Argentina Paints Market Outlook
The Argentina paints market size reached approximately USD 1218.72 million in 2023. The market is projected to grow at a CAGR of 2.80% between 2024 and 2032, reaching a value of around USD 1428.59 million by 2032.
Key Takeaways
- Increased infrastructure investment, improving living standards, and economic expansion are driving the Argentina paints market growth. In 2022, the country’s economy expanded by 5%.
- The manufacturers are introducing innovative and improved formulations to meet diverse needs, like anti-corrosion protection and nano-coatings.
- There is an increasing trend towards sustainable building design and construction, encouraging architects and builders to integrate eco-friendly paints in building structures.
In Argentina, the paints and coatings sector is witnessing significant growth owing to heightened investments in infrastructure development projects, rising demand from the automotive sector, and rapid technological advancements. The building and architecture sector is one of the top three consumers of paints in the region, and the growth of the construction sector supports the demand for high-quality paints and coatings.
Within the automotive industry, paints play a crucial role in protecting vehicle bodies from dust, rust, and rain, while also enhancing durability and enhancing the overall aesthetic appeal of vehicles. The surge in the purchase of passenger cars in the country and an upswing in automobile exports are contributing to the Argentina paints market development.
Furthermore, growing inclination towards embracing sustainable building practices in the region encourages architects and builders to adopt environmentally friendly building materials, including paints and coatings, for various purposes including new construction and renovation projects. This is boosting the utilisation of formulations that boast non-toxic and low VOC content. With rise in green practices and growing adoption of environmentally friendly paints, the manufacturers are focusing on expanding their offerings and accelerating innovations in the area of eco-friendly paints and coatings solutions.
Market Segmentation
Argentina Paints Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
Market Breakup by Technology
- Solvent Borne
- Water Borne
- Powder Based
- Others
Market Breakup by End Use
- Architecture
- Automotive
- Electronics
- Aerospace
- General Industrial
- Power Generation
- Marine
- Others
Competitive Landscape
The market players are focusing on improving their offerings, including eco-friendly paints, to strengthen their market position while meeting evolving regulatory landscape
- BASF SE
- Akzo Nobel N.V.
- PPG Industries Inc.
- Nouryon Chemicals Holding B.V.
- Oxiteno S.A.
- ROBERLO SAU
- Ligantex SA
- CIBEL SRL
- SORBALOK SA
- Miksa
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin |
|
| Breakup by Technology |
|
| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1218.72 million.
The market is projected to grow at a CAGR of 2.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1428.59 million by 2032.
The market is driven by the surge in residential and commercial construction sectors, the upswing in public investment in infrastructure projects, and the demand from various end use sectors, including automotive and marine.
The key trends aiding the market expansion include the increasing demand for eco-friendly paints, the surge in renovation projects, and growing innovations by manufacturers.
The major types of technologies used in the market are solvent borne, water borne, and powder based, among others.
The end uses are architecture, automotive, electronics, aerospace, general industrial, power generation, and marine, among others.
The key players in the market are BASF SE, Akzo Nobel N.V., PPG Industries Inc., Nouryon Chemicals Holding B.V., Oxiteno S.A., ROBERLO SAU, Ligantex SA, CIBEL SRL, SORBALOK SA, and Miksa, among others.
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