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Latin America Coating Resins Market Report Description: Latin America Coating Resins market report gives comprehensive outlook on Coating Resins 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 coating resins market gives historical, current, and future market sizes (US$ Mn) on the basis of type, formulation, application and region. This report studies Latin America coating resins 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 coating resins 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 coating resins 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 coating resins market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America coating resins products. Latin America Coating Resins Market: The Latin America Coating Resins market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors responsible for the market growth include development of bio-based coatings, high growth in emerging economies, durable coatings with better performance and aesthetics and demand for coating resins from the automotive industry. Moreover, growth of the construction and manufacturing projects offer lucrative opportunities for the players operating in the market. Growing Construction Industry Major factor driving the growth of the coating resins market is the growing construction industry in countries. Owing to the rise in population, these countries are witnessing rapid growth in construction industry resulting in large-scale investment in construction projects such as hotels, apartments, offices, retail centers, and civic infrastructures. Coating resins consumption was the highest for architectural coating market over the past few years owing to increasing residential and commercial constructions. Hence growing construction industry will increase the demand for coating resins market. Fluctuating Raw Material Costs Pigments, solvents, and additives are some of the common raw materials used in manufacturing of the resins. Major restraint identified in the coating resins market is the growing raw materials’ prices. Increasing prices of the raw materials result in extra investment in production process of the resins. In the recent years, the prices of raw materials such as epoxy and titanium dioxide have risen considerably across the globe, compelling the leading painting and coating producers to increase the prices of their products. Therefore, the increase in prices of raw materials is expected to hamper the growth of the market. Brazil Accounts for Larger Market Revenue Share in Latin America Coating Resins Market Brazil accounted for larger revenue share in Latin America Coating Resins market with considerable CAGR. The growth can be attributed to rising demand for urban residential developments, high-quality public infrastructure, and automobiles Competition Assessment Key player’s profiles in the Latin America Coating Resins 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.