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Latin America Anti-corrosion Coating Market Report Description: Latin America Anti-corrosion Coating market report gives comprehensive outlook on Anti-corrosion Coating across the globe with special emphasis on key countries such as Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. The report on Latin America Anti-corrosion Coating market gives historical, current, and future market sizes (US$ Mn) on the basis of Solvent, Binders, Technology, Resin Type, Pigment and region. This report studies Latin America Anti-corrosion Coating market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Latin America Anti-corrosion Coating market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America Anti-corrosion Coating market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Latin America Anti-corrosion Coating market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America Anti-corrosion Coating products. Latin America Anti-corrosion Coating Market: The Latin America Anti-corrosion Coating market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Modernization of infrastructure, demand for high-efficiency anti-corrosion coatings, increased demand in construction and automotive industries, rapid industrialization in emerging economies and large number of applications in various industries are some of the key factors fostering the market growth. Moreover, growing R&D activities to produce better quality of coatings provides huge growth opportunity for the market. In addition, Latin America is likely to experience decent growth in the anti-corrosion coatings in the near future due to substantial investments by the international companies for anti-corrosion coating projects in Brazil and Argentina. Growth in Marine Industry Anti-corrosion coatings are widely used in the marine industry and are regularly used for commercial ships and vessels such as yachts, cruise ships, freight carriers, tows, and boats. These coatings protect hulls and yachts from deterioration or corrosion caused by extremely harsh conditions such as high temperature, varying pressure, high content of salt in water, and organic development caused by moisture. Naval and fleet ownership, commercial shipping, and shipbuilding are the key sectors that will exhibit growth. The marine industry is registering growth and is further likely to grow at a rapid pace. The growing market will drive the demand for anti-corrosion coatings across the globe. The industry will grow at an extraordinary rate because of the involvement of large and growing economies in the world.  Fluctuating Raw Material Costs Key raw materials used in the anti-corrosion coatings manufacturing are obtained mainly from petrochemical derivatives such as benzene, toluene, ethylene, and naphthalene, oscillating raw material prices on account of the intermittent rise and fall of crude oil and natural gas prices may hamper anti-corrosion coatings price trends over the forecast timeframe. Brazil Accounts for Larger Market Revenue Share in Latin America Anti-corrosion Coating Market Brazil accounted for larger revenue share in Latin America Anti-corrosion Coating market with considerable CAGR. The market is estimated to see an extraordinary growth due to the growing industrial activities mainly in the marine, on & offshore drilling machinery used in O&G spaces. Presence of a large number of oil deposits in Brazil positively impacts the market growth. Competition Assessment Key player’s profiles in the Latin America Anti-corrosion Coating market include:
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2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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