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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Colombia Paints Market 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.
Colombia Paints Market Report Snapshots
*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 1,035.7 million in 2023.
The market is projected to grow at a CAGR of 4.1% during 2024-2032
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,456.8 million by 2032.
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.
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