The South America paints and coatings additives market size is anticipated to expand at a significant CAGR during forecast period 2021–2028. Growth of the market is attributed to increase in population, unhealthy lifestyles, increase in application of powder coatings, and growing demand for automotive industry.
The paints and coatings additives are used in a broad range of applications such as protective, architectural, wood, transportation. They are used as emulsifiers, deformers, thickeners, dispersants, leveling agents, curing catalysts, and photo-stabilizers. They also help to increase the shelf life and substrate durability of coatings and provide corrosion protection to coatings of the infrastructure and buildings.
The Covid-19 pandemic affected the demand and supply of paints and coatings additives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Rising building and construction sector is projected to boost the market in the coming years.
- Development of environment-friendly and advanced additives is the major factor fueling the market.
- Environmental impact and regulations are anticipated to restrict market growth.
- High cost of the products and increased raw material prices is projected to hamper the market expansion.
- R&D investment and technological advancement in paints and coatings additives is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the South America paints and coatings additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Paints and Coatings Additives Market – South America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Types [Dispersants & Wetting Agents, Biocides, Stabilizers, Defoamers & Deaerators, Surface Modifiers, Rheology Modifiers, Leveling & Flow Additives, and Other Types], Applications [Protective, Architectural, Wood, Transportation, and Other Applications]
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Geography
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Argentina, Chile, Brazil, Colombia, and Rest of Latin America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Solvay, Dow, Altana, ELEMENTIS PLC, PPG Industries, Inc., Axalton Coating Systems, Jotun, and Akzo Nobel N.V.
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Market Segment Insights
The architectural segment accounts for key share of the market and expected to grow at a rapid pace
Based on applications, the South America paints and coatings additives market is segregated into protective, architectural, wood, transportation, and other applications. The architectural segment accounts for a key share of the market. Growth of the market is attributed to increasing population, rising disposable income, and increase in urbanization. However, the wood segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, rapid expansion of construction industry, and increased demand for decorative coatings in the house.
The biocides segment is anticipated to expand at a rapid pace during the forecast period
On the basis of types, the South America paints and coatings additives market is segmented into dispersants & wetting agents, biocides, stabilizers, defoamers & deaerators, surface modifiers, rheology modifiers, leveling & flow additives, and other types. The antimicrobial additives are also known as biocides. They are used in formulation to keep paint safe from bacteria during the storage and also to stop algae, fungi, and other micro-organisms from growing on applied paint. The stabilizers are important additives for organo-silicate paint preparation as they have a major influence on the paints flow behavior by softening the interactions between paint elements.
The market in Brazil is projected to dominate the market in the coming years
On the basis of geography, the South America paints and coatings additives market is categorized as Argentina, Chile, Brazil, Colombia, and Rest of South America. The market in Brazil is projected to hold a major market share due to factors such as development of advanced and environment friendly additives, high disposable income, and growing buildings and construction sector. The market in rest of South America is anticipated to expand at high CAGR during forecast period due to factors such as growing demand for environment products, increase in urbanization, and improved standard of living.
Segments
Segments Covered in the Report
The South America paints and coatings additives market has been segmented on the basis of
Types
- Dispersants & Wetting Agents
- Biocides
- Stabilizers
- Defoamers & Deaerators
- Surface Modifiers
- Rheology Modifiers
- Leveling & Flow Additives
- Other Types
Applications
- Protective
- Architectural
- Wood
- Transportation
- Other Applications
Region
- Argentina
- Chile
- Brazil
- Colombia
- Rest of South America
Key Players
- Solvay
- Dow
- Altana
- ELEMENTIS PLC
- PPG Industries, Inc.
- Axalton Coating Systems
- Jotun
- Akzo Nobel N.V.
Competitive Landscape
Key players competing in the South America paints and coatings additives market includes Solvay, Dow, Altana, ELEMENTIS PLC, PPG Industries, Inc., Axalton Coating Systems, Jotun, and Akzo Nobel N.V.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming year.
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