- Water Borne
- Solvent Borne
- Powder Based
- High Solids
- Other Formulations
Latin America Paints And Coatings Market size was valued at USD x million in 2023 and is poised to grow at a CAGR of x% during the forecast period 2024-2030. Latin America Paints and Coatings 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 Latin America Paints and Coatings 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.
Latin America Paints and Coatings 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 Paints and Coatings 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 Paints and Coatings market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America Paints and Coatings products.
Latin America Paints And Coatings Market Dynamics
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.
Country Analysis
Latin America Paints And Coatings Market
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
Latin America Paints And Coatings Market Segmentation
By Formulation
By Application
- General Industrial
- Automotive OEM
- Automotive Refinish
- Residential
- Non-Residential
- Infrastructure
By Country
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Frequently Asked Questions
2023 is the base year and 2030 is the forecast year.
The Latin America paints and coatings market coverage are the Brazil, Mexico, Argentina
The Latin America paints and coatings 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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
| 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, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Water Borne |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. General Industrial |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Brazil |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Brazil |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 |
- 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