Latin America Paints and Coatings Market

Latin America Paints and Coatings Market by Resin Types (Polyester, Epoxy, Polyurethane, Acrylics, Alkyd, and Others), Technology (Powder Coating, Water-borne, Solvent-borne, and Others), and End-users (Wood, Automotive, Transportation, Protective Coating, Packaging, Architectural, and General Industrial), and Geography (Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Rest of Latin America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: MC-2638
  • Author: Growth Market Reports
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  • No. Of Pages: 201
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The Latin America paints and coatings market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising construction industry and growing applications in the aerospace sector.

Latin America Paints and Coatings Market

A paint is basically a covering or coating substance applied on non-metallic or metallic surfaces for protective or decorative purposes. It is a liquid solution of solvent and pigment that are applied on various surfaces. Paints are made by mixing with numerous components in accurate quantities. Paint offers weatherproof, uniform finish, sort of colors, and stain-free purpose. it is generally applied on gypsum, finished concrete, and non-important steel materials. Paint is basically applied with roller, brush, or spray method.

A coating is a covering which is applied on the surface of object, generally stated as substrate. The purpose of application of coating is functional, decorative, or both. Coating provides confers features such as electric conductivity or magnetic response and forms a crucial amount of finished product.

Market Trends, Drivers, Restraints, and Opportunities

  • Innovative technologies has increased the performance of paints and coating, driving the growth of the market.
  • The growth of marine, automotive, and aerospace industries is estimated to propel the growth of the market.
  • High usage of semiconductor in particular spray paint for magnetic and electric purpose is likely to spur the growth of the market.
  • Time consuming drying time for water-borne pants and coating can hamper the market growth.
  • Raw material price fluctuation can hinder the market growth.
  • Rising demand for eco-friendly and bio-based paints and coatings can create lucrative opportunities for the market during the forecast period.

Scope of the Report

The Latin America paints and coatings market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Latin America Paints And Coatings Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Resin Types (Polyester, Epoxy, Polyurethane, Acrylics, Alkyd, and Others), Technology (Powder Coating, Water-borne, Solvent-borne, and Others), and End-users (Wood, Automotive, Transportation, Protective Coating, Packaging, Architectural, and General Industrial)

Geographical Scope

Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Rest of Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Jotun; Axalta Coating Systems; PPG Industries, Inc.; and Akzo Nobel N.V.

Latin America Paints and Coatings Market Segment Insights

Acrylics segment to expand at a robust CAGR

On the basis of resin types, the market classified as polyester, epoxy, polyurethane, acrylics, alkyd, and others. The acrylics segment is projected to expand at a considerable CAGR during the forecast period. Acrylic coating has various benefits such as physical properties, ease of use, and cost-effectiveness. Acrylic-based coatings have brilliant physical properties and has quick drying nature. They provide longer life than average pot life, excellent moisture protection, and fungus resistant. Increasing preference for acrylic coating for roof coatings and extensive choice of acrylic coating is further driving the segment growth.

Latin America Paints and Coatings Market

Solvent-borne segment to account a significant market share

In terms of technology, the market is categorized as powder coating, water-borne, solvent-borne, and others. The solvent-borne segment is projected to account for a significant market share during the forecast period. Solvent-borne coating are basically even stronger than water-borne coating throughout the curing process. It has liquid protection layer, which is applied on surface of material to protect corrosion.

Latin America Paints and Coatings Market

Architectural segment to grow at a rapid pace

Based on end-users, the market is segregated into wood, automotive, transportation, protective coating, packaging, architectural, and general industrial. The architectural segment is anticipated to grow at a steady rate during the forecast period. Paints and coating are used on the external side of the buildings. It not only provides fresh look but also gives protection from warmth in summer, rains, cold in winter, and from UV radiation without peeling away, cracking, and fading.

Peru anticipated to constitute a key market share

Based on geography, the Latin America paints and coatings is categorized as Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Rest of Latin America. Peru is expected to constitute a key share of the market during the forecast period. Peru is rank fifth in the South American countries in term of GDP. The construction market in the country is estimated to grow at a healthy rate due to intensive government support and investment in  construction projects. The government of Peru announced USD 2800 million investment to improve public works and develop hospitals.

Latin America Paints and Coatings Market

Segments

The Latin America paints and coatings market is segmented on the basis of:

Resin Types

  • Polyester
  • Epoxy,
  • Polyurethane
  • Acrylics
  • Alky
  • Others

Technology

  • Powder Coating
  • Water-borne
  • Solvent-borne
  • Others

End-users

  • Wood
  • Automotive
  • Transportation
  • Protective Coating
  • Packaging
  • Architectural
  • General Industrial

Geography

  • Argentina
  • Brazil
  • Chile
  • Colombia
  • Mexico
  • Peru
  • Rest of Latin America

Key Players

  • Jotun
  • Axalta Coating Systems
  • PPG Industries, Inc.
  • Akzo Nobel N.V.

Competitive Landscape

The key players competing in the Latin America paints and coatings are Jotun; Axalta Coating Systems; PPG Industries, Inc.; and Akzo Nobel N.V.

Latin America Paints and Coatings Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Paints and Coatings Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Paints and Coatings Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Paints and Coatings Market - Supply Chain
  4.5. Global Paints and Coatings Market Forecast
     4.5.1. Paints and Coatings Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Paints and Coatings Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Paints and Coatings Market Absolute $ Opportunity
5. Global Paints and Coatings Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Paints and Coatings Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Paints and Coatings Demand Share Forecast, 2019-2026
6. North America Paints and Coatings Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Paints and Coatings Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Paints and Coatings Demand Share Forecast, 2019-2026
7. Latin America Paints and Coatings Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Paints and Coatings Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Paints and Coatings Demand Share Forecast, 2019-2026
8. Europe Paints and Coatings Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Paints and Coatings Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Paints and Coatings Demand Share Forecast, 2019-2026
9. Asia Pacific Paints and Coatings Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Paints and Coatings Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Paints and Coatings Demand Share Forecast, 2019-2026
10. Middle East & Africa Paints and Coatings Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Paints and Coatings Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Paints and Coatings Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Paints and Coatings Market: Market Share Analysis
  11.2. Paints and Coatings Distributors and Customers
  11.3. Paints and Coatings Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

The Latin America paints and coatings market is segmented on the basis of:

Resin Types

  • Polyester
  • Epoxy,
  • Polyurethane
  • Acrylics
  • Alky
  • Others

Technology

  • Powder Coating
  • Water-borne
  • Solvent-borne
  • Others

End-users

  • Wood
  • Automotive
  • Transportation
  • Protective Coating
  • Packaging
  • Architectural
  • General Industrial

Geography

  • Argentina
  • Brazil
  • Chile
  • Colombia
  • Mexico
  • Peru
  • Rest of Latin America

Key Players

  • Jotun
  • Axalta Coating Systems
  • PPG Industries, Inc.
  • Akzo Nobel N.V.

The key players competing in the Latin America paints and coatings are Jotun; Axalta Coating Systems; PPG Industries, Inc.; and Akzo Nobel N.V.

Latin America Paints and Coatings Market

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