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Argentina Paints Market Size, Share, Growth, Trends: By Resin: Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others; By Technology: Solvent Borne, Water Borne, Powder Based, Others; By End Use: Architecture, Automotive, Electronics, Aerospace, General Industrial, Power Generation, Marine, Others; Competitive Landscape; 2024-2032
Argentina Paints Market Outlook
The Argentina paints market size reached approximately USD 1218.72 million in 2023. The market is projected to grow at a CAGR of 2.80% between 2024 and 2032, reaching a value of around USD 1428.59 million by 2032.
Key Takeaways
- Increased infrastructure investment, improving living standards, and economic expansion are driving the Argentina paints market growth. In 2022, the country’s economy expanded by 5%.
- The manufacturers are introducing innovative and improved formulations to meet diverse needs, like anti-corrosion protection and nano-coatings.
- There is an increasing trend towards sustainable building design and construction, encouraging architects and builders to integrate eco-friendly paints in building structures.
In Argentina, the paints and coatings sector is witnessing significant growth owing to heightened investments in infrastructure development projects, rising demand from the automotive sector, and rapid technological advancements. The building and architecture sector is one of the top three consumers of paints in the region, and the growth of the construction sector supports the demand for high-quality paints and coatings.
Within the automotive industry, paints play a crucial role in protecting vehicle bodies from dust, rust, and rain, while also enhancing durability and enhancing the overall aesthetic appeal of vehicles. The surge in the purchase of passenger cars in the country and an upswing in automobile exports are contributing to the Argentina paints market development.
Furthermore, growing inclination towards embracing sustainable building practices in the region encourages architects and builders to adopt environmentally friendly building materials, including paints and coatings, for various purposes including new construction and renovation projects. This is boosting the utilisation of formulations that boast non-toxic and low VOC content. With rise in green practices and growing adoption of environmentally friendly paints, the manufacturers are focusing on expanding their offerings and accelerating innovations in the area of eco-friendly paints and coatings solutions.
Market Segmentation
Argentina Paints Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
Market Breakup by Technology
- Solvent Borne
- Water Borne
- Powder Based
- Others
Market Breakup by End Use
- Architecture
- Automotive
- Electronics
- Aerospace
- General Industrial
- Power Generation
- Marine
- Others
Competitive Landscape
The market players are focusing on improving their offerings, including eco-friendly paints, to strengthen their market position while meeting evolving regulatory landscape
- BASF SE
- Akzo Nobel N.V.
- PPG Industries Inc.
- Nouryon Chemicals Holding B.V.
- Oxiteno S.A.
- ROBERLO SAU
- Ligantex SA
- CIBEL SRL
- SORBALOK SA
- Miksa
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Resin |
|
| Breakup by Technology |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Coating Market Overview
8.1 Key Industry Highlights
8.2 Latin America Coating Historical Market (2018-2023)
8.3 Latin America Coating Market Forecast (2024-2032)
8.4 Latin America Coating Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Paints Market Overview
9.1 Key Industry Highlights
9.2 Argentina Paints Historical Market (2018-2023)
9.3 Argentina Paints Market Forecast (2024-2032)
10 Argentina Paints Market by Resin
10.1 Acrylic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Alkyd
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Polyurethane
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Epoxy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Polyester
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Argentina Paints Market by Technology
11.1 Solvent Borne
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Water Borne
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Powder Based
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Argentina Paints Market by End Use
12.1 Architecture
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Automotive
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Electronics
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Aerospace
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 General Industrial
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Power Generation
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Marine
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code: 3209)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Akzo Nobel N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 PPG Industries Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nouryon Chemicals Holding B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Oxiteno S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ROBERLO SAU
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ligantex SA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 CIBEL SRL
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SORBALOK SA
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Miksa
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Coating Market: Key Industry Highlights, 2018 and 2032
2. Argentina Paints Market: Key Industry Highlights, 2018 and 2032
3. Argentina Paints Historical Market: Breakup by Resin (USD Million), 2018-2023
4. Argentina Paints Market Forecast: Breakup by Resin (USD Million), 2024-2032
5. Argentina Paints Historical Market: Breakup by Technology (USD Million), 2018-2023
6. Argentina Paints Market Forecast: Breakup by Technology (USD Million), 2024-2032
7. Argentina Paints Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Argentina Paints Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Argentina Paints Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1218.72 million.
The market is projected to grow at a CAGR of 2.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1428.59 million by 2032.
The market is driven by the surge in residential and commercial construction sectors, the upswing in public investment in infrastructure projects, and the demand from various end use sectors, including automotive and marine.
The key trends aiding the market expansion include the increasing demand for eco-friendly paints, the surge in renovation projects, and growing innovations by manufacturers.
The major types of technologies used in the market are solvent borne, water borne, and powder based, among others.
The end uses are architecture, automotive, electronics, aerospace, general industrial, power generation, and marine, among others.
The key players in the market are BASF SE, Akzo Nobel N.V., PPG Industries Inc., Nouryon Chemicals Holding B.V., Oxiteno S.A., ROBERLO SAU, Ligantex SA, CIBEL SRL, SORBALOK SA, and Miksa, among others.
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