Latin America Paints And Coatings Market Size, Share, Growth, Trends and Industry Analysis: By Component, By Formulation, By Resin Type, By Application, and Country Forecast 2020-2031
Latin America Paints And Coatings Market size was valued at US$ x million in 2024 and is expected to reach US$ x million by 2031, growing at a significant CAGR of x% from 2025-2031. The market report gives comprehensive outlook on Paints and Coatings across the globe with special emphasis on key regions such as Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. The report on the market gives historical, current, and future market sizes (US$ Mn) on the basis of component, formulation, resin type, application, and region. This report studies Latin America Paints and Coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
The market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the 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 the market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America Paints and Coatings products.
Increasing energy costs is anticipated for the coming years which will lead to increase of feedstock prices, which will openly affect the price of all synthetic resins used in coating applications. Furthermore, the strict rules to decrease the carbon footprint and VOC emissions will effect the market growth of paints and coatings as the manufacturers will have to invest in innovative technology to meet the conditions set by the regulatory bodies.
Mexico accounted for larger revenue share in Latin America Paints and Coatings market with considerable CAGR. Mexico’s housing sector is showing signs of more sustainable momentum, underpinned by moderate economic growth. Mexico's commercial sector continues to receive strong capital investment, both foreign and domestic sectors, thus, driving new construction, which, in turn, increases the consumption of architectural coatings. The demand for remodeling of houses increased by 3% in 2016. These capacity expansions, coupled with establishments of new production sites, are expected to rapidly drive the production of vehicles in Mexico.
Latin America
Europe
Asia Pacific
Middle East
North America
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Details |
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By Formulation |
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By Application |
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By Country |
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2024 is the base year and 2031 is the forecast year.
The market coverage are the Brazil, Mexico, Argentina
The market key players are the AkzoNobel N.V., Axalta Coating Systems LLC, BASF S.E., Jotun Group, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries, RPM International Inc., Sherwin-Williams
| 1.Executive Summary |
| 2.Latin America Paints And Coatings Market Introduction |
| 2.1.Latin America Paints And Coatings Market - Taxonomy |
| 2.2.Latin America Paints And Coatings Market - Definitions |
| 2.2.1.Formulation |
| 2.2.2.Application |
| 2.2.3.Country |
| 2.2.4.Country |
| 3.Latin America Paints And Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Latin America Paints And Coatings Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Latin America Paints And Coatings Market By Formulation, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Water Borne |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent Borne |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Powder Based |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. High Solids |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Formulations |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Latin America Paints And Coatings Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. General Industrial |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Automotive OEM |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Automotive Refinish |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Residential |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Non-Residential |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Infrastructure |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Latin America Paints And Coatings Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Brazil |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Mexico |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Argentina |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Chile |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Rest of Latin America |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Latin America Paints And Coatings Market By Country, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Brazil |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Mexico |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Rest of LA |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Brazil Paints And Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Formulation Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water Borne |
| 9.1.2.Solvent Borne |
| 9.1.3.Powder Based |
| 9.1.4.High Solids |
| 9.1.5.Other Formulations |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.General Industrial |
| 9.2.2.Automotive OEM |
| 9.2.3.Automotive Refinish |
| 9.2.4.Residential |
| 9.2.5.Non-Residential |
| 9.2.6.Infrastructure |
| 9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Brazil |
| 9.3.2.Mexico |
| 9.3.3.Argentina |
| 9.3.4.Chile |
| 9.3.5.Rest of Latin America |
| 10.Mexico Paints And Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Water Borne |
| 10.1.2.Solvent Borne |
| 10.1.3.Powder Based |
| 10.1.4.High Solids |
| 10.1.5.Other Formulations |
| 10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.General Industrial |
| 10.2.2.Automotive OEM |
| 10.2.3.Automotive Refinish |
| 10.2.4.Residential |
| 10.2.5.Non-Residential |
| 10.2.6.Infrastructure |
| 10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Brazil |
| 10.3.2.Mexico |
| 10.3.3.Argentina |
| 10.3.4.Chile |
| 10.3.5.Rest of Latin America |
| 11.Rest of LA Paints And Coatings Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Formulation Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Water Borne |
| 11.1.2.Solvent Borne |
| 11.1.3.Powder Based |
| 11.1.4.High Solids |
| 11.1.5.Other Formulations |
| 11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.General Industrial |
| 11.2.2.Automotive OEM |
| 11.2.3.Automotive Refinish |
| 11.2.4.Residential |
| 11.2.5.Non-Residential |
| 11.2.6.Infrastructure |
| 11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Brazil |
| 11.3.2.Mexico |
| 11.3.3.Argentina |
| 11.3.4.Chile |
| 11.3.5.Rest of Latin America |
| 12. Competition Landscape |
| 12.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 12.2.1.AkzoNobel N.V. |
| 12.2.2.Axalta Coating Systems LLC |
| 12.2.3.BASF S.E. |
| 12.2.4.Jotun Group |
| 12.2.5.Kansai Paint Co. Ltd. |
| 12.2.6.Nippon Paint Holdings Co. Ltd. |
| 12.2.7.PPG Industries |
| 12.2.8.RPM International Inc. |
| 12.2.9.Sherwin-Williams |
| 13. Research Methodology |
| 14. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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