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Colombia Paints Market Share, Size, Trends, Growth, Report: By Raw Material: Resin, Pigments and Fillers, Additives, Solvents; By Technology: Water-Borne, Solvent-Borne, Powder-Based, Others; By Application: Architectural/Decorative, Industrial; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Paints Market Share
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.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Colombia Paints Market Overview
8.1 Key Industry Highlights
8.2 Colombia Paints Historical Market (2018-2023)
8.3 Colombia Paints Market Forecast (2024-2032)
9 Colombia Paints Market by Raw Material
9.1 Resin
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Pigments and Fillers
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Additives
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Acrylic
9.3.3.2 Alkyd
9.3.3.3 Epoxy
9.3.3.4 Polyurethane
9.3.3.5 Others
9.4 Solvents
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Colombia Paints Market by Technology
10.1 Water-Borne
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Solvent-Borne
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Powder-Based
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Colombia Paints Market by Application
11.1 Architectural/Decorative
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Market by Type
11.2.3.1 Indoor
11.2.3.2 Outdoor
11.2 Industrial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Market by Type
11.2.3.1 General Industrial
11.2.3.2 Automotive and Transportation
11.2.3.3 Wood
11.2.3.4 Aerospace and Marine
11.2.3.5 Protective
11.2.3.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code - 3209)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Policy and Regulations
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Sherwin-Williams Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 PPG Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Pintuco SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Pintubler de Colombia S.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 WEG S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Pinturas Super LTDA
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Organizacion Corona S A
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Akzo Nobel N.V.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 INVESA SA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 CLQ / COLORQUIMICA SAS
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Sun Chemical Corporation
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Colombia Paints Market: Key Industry Highlights, 2018 and 2032
2. Colombia Paints Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3. Colombia Paints Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4. Colombia Paints Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Colombia Paints Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Colombia Paints Historical Market: Breakup by Application (USD Million), 2018-2023
7. Colombia Paints Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Colombia Paints Market Structure
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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