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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Central America Paints and Coatings Market Size
The Central America paints and coatings market reached around USD 2849.45 million in 2023. The market is estimated to grow at a CAGR of 3.9% between 2024 and 2032, reaching a value of USD 4,007.02 million in 2032.
Key Takeaways
- Rising research and development activities by manufacturers are resulting in innovative product launches to provide consumers with paints and coating products that are more durable and efficient.
- Over the year 2022, the GDP of Central America grew by an average of 5.7%.
- There is a growing preference for paints offering high weathering resistance, high performance, ease of application, and environmental benefits for applications in concrete and plaster surfaces, drywalls, blocks, and the interior and exterior of buildings and residences.
Paints and coatings are primarily used for architectural and industrial purposes. While paints are used for providing an aesthetic appeal, coatings are typically used to protect the wall from corrosion or deterioration. The strong economic activities in countries such as Guatemala and Honduras are increasing the demand for paints and coatings in the region. Rising population, improving living standards, and surging disposable incomes are stimulating investments in the construction of residential towers and housing and hotels.
Central America Paints and Coatings Market Report Snapshots
Central America Paints and Coatings Market Size
Central America Paints and Coatings Market Trends
Central America Paints and Coatings Companies
Central America Paints and Coatings Market Regional Analysis
*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
The market for paints and coatings in Central America reached a value of USD 2849.45 million in 2023.
The market is expected to grow at a CAGR of 3.9% 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 USD 4,007.02 million in 2032.
The key technologies of paints and coatings are solvent-borne, water-borne, powder-based, and others.
The key countries in paints and coatings market are Mexico, Honduras, El Salvador, Belize, Costa Rica, Guatemala, and others.
The various factors driving the market are increasing inclination towards sustainable and environment-friendly paints and coatings and increasing construction and infrastructure activities.
The different resin types include acrylic, polyurethane, alkyd, epoxy, and polyester, others.
The key players in the market include PPG Industries, Inc., The Sherwin-Williams Company, Benjamin Moore & Co., Sur Quimica S.A., Harris Paints, and Pintuco SA, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124