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Latin America Paints and Coatings Market Share, Forecast: By Raw Material: Pigments and Fillers, Solvents, Resins, Additives; By Technology: Powder-Based, Water-Borne, Solvent-Borne, Others; By End Use: Architectural, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Latin America Paints and Coatings Market Analysis
Based on raw material, the market can be divided into pigments and fillers, solvents, resins, and additives, among others. By technology, the market is segmented into powder-based, water-borne, and solvent-borne, among others. Based on end use, the market is bifurcated into architectural and industrial. The industrial segment can be further classified into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others.
The major countries in the market in Latin America can be divided into Brazil, Argentina, Mexico, Colombia, Peru, Ecuador, Guatemala, El Salvador, Costa Rica, Panama, Republica Dominicana, and Peurto Rico, among others. The comprehensive EMR report provides an in-depth Latin America paints and coatings market assessment that is based on the Porter's five forces model along with giving a SWOT analysis.
The report also provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Akzo Nobel N.V.
- Sinteplast SA
- Grupo Iquine
- Qroma S.A.
- Axalta Coating Systems, LLC
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Pintuco SA
- Jotun A/S.
- Organizacion Corona S A
- Pinturas Berel, SA de CV
- Others
Latin America Paints and Coatings Market Report Snapshots
Latin America Paints and Coatings Market Size
Latin America Paints and Coatings Market Analysis
Latin America Paints and Coatings 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.
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 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 Latin America Paints and Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Paints and Coatings Historical Market (2018-2023)
8.3 Latin America Paints and Coatings Market Forecast (2024-2032)
8.4 Latin America Paints and Coatings Market by Raw Material
8.4.1 Pigments and Fillers
8.1.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Solvents
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Resins
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.2.1 Breakup by Type
8.4.3.2.2 Acrylic
8.4.3.2.3 Alkyd
8.4.3.2.4 Epoxy
8.4.3.2.5 Polyurethane
8.4.3.2.6 Others
8.4.4 Additives
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Latin America Paints and Coatings Market by Technology
8.5.1 Powder-Based
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Water-Borne
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Solvent-Borne
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Latin America Paints and Coatings Market by End Use
8.6.1 Architectural
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.4 Breakup by Application Type
8.6.1.4.1 Indoor
8.6.1.4.2 Outdoor
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Type
8.6.2.3.1 General Industrial
8.6.2.3.2 Automotive and Transportation
8.6.2.3.3 Wood
8.6.2.3.4 Aerospace and Marine
8.6.2.3.5 Protective
8.6.2.3.6 Others
8.7 Latin America Paints and Coatings Market by Country
8.7.1 Brazil
8.7.2 Argentina
8.7.3 Mexico
8.7.4 Colombia
8.7.5 Peru
8.7.6 Ecuador
8.7.7 Guatemala
8.7.8 El Salvador
8.7.9 Costa Rica
8.7.10 Panama
8.7.11 Republica Dominicana
8.7.12 Peurto Rico
8.7.13 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Argentina
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Colombia
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Peru
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Ecuador
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Guatemala
9.7.1 Historical Trend (2018-2023)
9.7.2 Forecast Trend (2024-2032)
9.8 El Salvador
9.8.1 Historical Trend (2018-2023)
9.8.2 Forecast Trend (2024-2032)
9.9 Costa Rica
9.9.1 Historical Trend (2018-2023)
9.9.2 Forecast Trend (2024-2032)
9.10 Panama
9.10.1 Historical Trend (2018-2023)
9.10.2 Forecast Trend (2024-2032)
9.11 Republica Dominicana
9.11.1 Historical Trend (2018-2023)
9.11.2 Forecast Trend (2024-2032)
9.12 Peurto Rico
9.12.1 Historical Trend (2018-2023)
9.12.2 Forecast Trend (2024-2032)
9.13 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Akzo Nobel N.V.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Sinteplast SA
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Grupo Iquine
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Qroma S.A.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Axalta Coating Systems, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 PPG Industries, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 The Sherwin-Williams Company
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Pintuco SA
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Jotun A/S.
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Organizacion Corona S A
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Pinturas Berel, SA de CV
12.2.11.1 Company Overview
12.2.11.2 Product Portfolio
12.2.11.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.12 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Paints and Coatings Market: Key Industry Highlights, 2018 and 2032
2. Latin America Paints and Coatings Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3. Latin America Paints and Coatings Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4. Latin America Paints and Coatings Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Latin America Paints and Coatings Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Latin America Paints and Coatings Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America Paints and Coatings Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America Ammonia Historical Market: Breakup by Country (USD Million), 2018-2023
9. Latin America Ammonia Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Latin America Paints and Coatings Market Structure.
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 10,440.57 million.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 13,295.30 million by 2032.
The major factors driving the market growth include the growing demand for paints and coatings in the automotive sector, the rising focus on boosting the durability of building structures and other objects, and the increased launches of innovative paints and coatings.
The major regions in the market are Brazil, Argentina, Mexico, Colombia, Peru, Ecuador, Guatemala, El Salvador, Costa Rica, Panama, Republica Dominicana, Peurto Rico, among others.
The market is expected to be aided by the robust growth of the construction industry, the increasing preference for paints and coatings made from sustainable materials, and technological advancements and innovations.
The raw materials in the paints and coatings market are pigments and fillers, solvents, resins, and additives, with resins further sub-divided into acrylic, alkyd, epoxy, and polyurethane, among others..
Paints and coatings find applications in architectural and insdustrial sectors. Industrial sector is further divided into general industrial, automotive and transportation, wood, aerospace and marine, protective, among others.
The Latin America paints and coatings market is estimated to grow at a CAGR of 2.7% between 2024 and 2032.
While paint is used to boost the aesthetic appearance of various surfaces, coatings are utilised to enhance the durability, permeability, rust and corrosion prevention, and waterproofing properties of surfaces.
The significant technologies are powder-based, water-borne, and solvent-borne solutions, among others.
The Latin America paints and coatings market demand is likely to be bolstered by the increasing government investments in infrastructure projects and the development of superior and technologically advanced paints and coatings.
The major players in the market are Akzo Nobel N.V. Akzo Nobel N.V. , Sinteplast SA, Grupo Iquine, Qroma S.A., Axalta Coating Systems, LLC, PPG Industries, Inc., The Sherwin-Williams Company, Pintuco SA, Jotun A/S., Organizacion Corona S A, Pinturas Berel, SA de CV, and others.
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