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Report Overview

The Colombia paints market size reached around USD 1035.70 Million in 2024. The market is estimated to grow at a CAGR of CAGR% during 2025-2034 to reach a value of USD 1547.89 Million by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • Rising home renovation activities in Colombia have led to increased usage of paints that provide anti-bacterial properties and high gloss finish.

  • Rising concerns about climate change and demand for sustainable offerings have fueled the demand for eco-friendly paints.

  • Technological advancements such as antibacterial coating technology, thermal insulation technology, and bio-based acrylic emulsion are revolutionising the market.

Compound Annual Growth Rate

Value in USD Million

4.1%

2025-2034


Colombia Paints Market Outlook

*this image is indicative*

Colombia Paints Market Report Summary Description Value
Base Year USD Million 2024
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million 1035.70
Market Size 2034 USD Million 1547.89
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 4.10%
CAGR 2025-2034 - Market by Raw Material Resin 4.4%
CAGR 2025-2034 - Market by Technology Water-Borne 5.1%
CAGR 2025-2034 - Market by Application Industrial 4.6%
Market Share by Technology 2024 Pigments and Fillers 25.7%

The growth in the Colombian housing sector is a crucial factor driving the demand for paints and coatings. Consumers are increasingly adopting decorative paints to enhance the aesthetic appeal of their homes.

The expanding urbanisation and population growth in Colombia is supporting the construction of transportation infrastructure, including roads and airports. The government's attention to public infrastructure development and modernisation of roads, subways, and highways, such as the ongoing construction of Bogotá's subway scheduled to start operating in 2028, supports the paints market development.

Paint protects automobiles from corrosion. The Colombian automotive sector is specialised in the production, painting, and assembly of cars and motorcycles. Colombia’s manufacturing sector is also a crucial consumer of paints. In 2022, its y-o-y output expanded by 11.26%, contributing to the market growth.

Colombia Paints Market

Colombia Paints Market

Key Trends and Developments

Colombia Paints Market Trends

Paints act as a protective barrier and enhance the aesthetic appeal of structures. Rising demand for affordable housing is increasing the consumption of paints and coatings solutions. The growth of Colombia’s infrastructure sector is driven by the government’s need to improve the country’s economy. The ongoing construction of Bogota Metro Rail, Line 1, El Dorado Airport expansión, and RegioTram Bogot, provide an opportunity for players.

Colombia has devised the Intermodal Transport Master Plan (PMTI) 2021-2051, as a strategic roadmap for the nation's intermodal connectivity over the next two decades, impacting 294 prioritised municipalities through 86 projects with approximately USD 48 billion investment. Colombia ranks third in the World Bank's assessment of efficiency in PPP programs through efficient formulation and execution of public-private initiatives, with a project portfolio exceeding USD 10 billion. The Community Roads for Peace initiative is slated to receive an estimated USD 1.6 billion investment for the rehabilitation of 33,000 km of roads.

Further, paints are crucial for manufacturing machinery to protect it against corrosion, enhance its lifespan, and ensure productivity. The country’s manufacturing output was USD 35.59 billion in 2021, which increased to USD 39.59 billion in 2022. The increasing demand for manufacturing machinery and equipment supports the Colombia paints market expansion.

Moreover, consumers are transitioning towards sustainable paints with limited impact on environment and human health. Manufacturers can capitalise on this trend by incorporating more bio-based raw materials, adopting refillable packaging, reducing water and energy use, and enhancing carbon neutrality in the production process.

Market Segmentation

“Colombia Paints Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Raw Material

  • Resin
  • Pigments and Fillers
  • Additives
  • Solvents

Market Breakup by Technology

  • Water-Borne
  • Solvent-Borne
  • Powder-Based
  • Others

Market Breakup by Application

  • Architectural/Decorative
  • Industrial

CAGR 2025-2034 - Market by Raw Material
Resin 4.4%
Pigments and Fillers 4.0%
Solvents XX%
Additives XX%
CAGR 2025-2034 - Market by Technology
Water-Borne 5.1%
Powder-Based 4.8%
Solvent-Borne XX%
Others XX%
CAGR 2025-2034 - Market by Application
Industrial 4.6%
Architectural/Decorative XX%
2024 Market Share by Technology
Pigments and Fillers 25.7%
Solvents XX%
Resin XX%
Additives XX%

Resins are sub-divided by type into acrylic, polyurethane, alkyd, and epoxy, among others.

The industrial applications of paints are further categorised into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others, while the architectural/decorative applications include indoor and outdoor segments.

Resins, among other raw materials, dominate the Colombia paints market share

Acrylics, epoxies, and polyurethane resins are widely consumed in low-VOC water-based paints. The growing inclination towards low volatile organic compounds (VOCs)-based paints is increasing the demand for these resins.

Alkyd resin serves as a film-forming agent in interior paints and clear coatings and improves the drying time of paints. Further, acrylic resins are deployed in automotive and architectural paints due to their exceptional weather resistance and durability.

A combination of polyurethane paint with epoxy primers results in a heavy-duty anti-corrosion coating system, ideal for internally coating metal sewage tanks, pipelines, storage tanks, and pipelines.

Solvent-based paints are ideal for humid environments that increase the difficulty of letting water-borne coatings cure properly. Additionally, these paints work efficiently on surfaces contaminated with grease and dirt.

Water-borne technology is most widely preferred in the Colombia paints market

Water-borne paints predominantly use water as a dispersion media, which makes them environmentally friendly and easy-to-apply. The growing concerns regarding environmental safety and pollution make water-borne paints a desired option.

According to the Colombia paints market analysis, powder-based paints are also gaining popularity in the region; they are applied on metals by spray application. Surfaces coated with powder coating have high-quality finishes and are thicker in nature. The key companies offering powder-based paint solutions include Sherwin-Williams Company and PPG Industries, Inc.

Competitive Landscape

The market players are focusing on developing paints and coatings solutions that are environmental friendly, driven by the growing need to lower environmental impact and reduce carbon emissions

Company Founded Headquarters Products/ Services
Sherwin-Williams Company 1866 United States Specialises in architectural coatings and industrial coatings.
PPG Industries, Inc. 1883 United States The company provides paints and coatings products to various sectors including aerospace, architectural coatings, automotive refinish, etc.
Pintuco SA 1945 Colombia The company offers paints and coatings under four business segments including home, industrial, automotive, and construction and maintenance of buildings.
Pintubler de Colombia S.A. 1980 Colombia The company offers paints and coatings under key business segments that include industrial, automotive, woods, and others.

Other notable players operating in the Colombia paints market include WEG S.A., Pinturas Super LTDA, Organizacion Corona S A, Akzo Nobel N.V., INVESA SA, CLQ / COLORQUIMICA SAS, and Sun Chemical Corporation, among others. The manufacturers are upgrading their product portfolios and incorporating the latest capabilities to innovate their offerings and meet the evolving demands of consumers.

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Colombia Paints Market Report Snapshots

Colombia Paints Market Size

Colombia Paints Market Trends

Colombia Paints Market Share

Colombia Paints Companies

*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 attained a value of USD 1035.70 Million in 2024.

The market is projected to grow at a CAGR of 4.10% during 2025-2034

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of USD 1,456.8 million by 2034.

The major drivers of the market include the rising utilisation of paints in automotive and general industries, the growing construction sector, and increasing focus on building protection.

Rapid urbanisation and industrialisation, rising government investments towards infrastructure development, and development of innovative paints are the key trends propelling the market growth.

The primary raw materials are resin, pigments and fillers, additives, and solvents.

The various technologies in the market include powder-based, water-borne, and solvent-borne, among others.

Architectural/decorative and industrial are the major applications of paints in Colombia.

The lifespan of paint depends upon the type of paint, for example, while latex paint has an average lifespan of 2 to 10 years, acrylic and oil-based paints can last up to 15 years.

The key players in the market include Sherwin-Williams Company, PPG Industries, Inc., Pintuco SA, Pintubler de Colombia S.A., WEG S.A., Pinturas Super LTDA, Organizacion Corona S A, Akzo Nobel N.V., INVESA SA, CLQ / COLORQUIMICA SAS, and Sun Chemical Corporation, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Technology
  • Application
Breakup by Raw Material
  • Resin
  • Pigments and Fillers
  • Additives
  • Solvents
Breakup by Technology
  • Water-Borne
  • Solvent-Borne
  • Powder-Based
  • Others
Breakup by Application
  • Architectural/Decorative
  • Industrial
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Supplier Selection
  • Key Global Players
  • Key Regional Players
  • Key Player Strategies
  • Company Profiles
Companies Covered
  • Sherwin-Williams Company
  • PPG Industries, Inc.
  • Pintuco SA
  • Pintubler de Colombia S.A.
  • WEG S.A.
  • Pinturas Super LTDA
  • Organizacion Corona S A
  • Akzo Nobel N.V.
  • INVESA SA
  • CLQ / COLORQUIMICA SAS
  • Sun Chemical Corporation
  • Others

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