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Colombia Paints Market Share, Size, Trends, Growth, Analysis: By Raw Material: Pigments, Solvents, Resins, Additives; By Technology: Powder-Based, Water-Borne, Solvent-Borne, Others; By Application: Architectural, Industrial; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Colombia Paints Market Outlook
The Colombia paints market size is expected to grow at a CAGR of 3.0% between 2024 and 2032, driven by the rising use of paints in industrial applications and increasing infrastructure projects.
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Key Trends in the Market
Paints are substances used to enhance the aesthetics of the surface on which they are applied and can be any coloured liquid, liquefiable, or solid mastic substance that solidifies into a thin film after being applied onto the surface. In addition, paints can also offer advanced features such as anti-fouling, flame retardancy, and anti-microbial capabilities that are suited for architectural, industrial, automotive, aerospace, and other end use sectors.
- One of the key trends of the market include the rising utilisation of paints in the automotive, general industrial, and construction sectors, among others. It is projected that Colombia's rapid urbanisation and industrialisation will drive the demand for paints across a wide range of industries.
- Paints are used extensively for a variety of aesthetic purposes and are particularly important in furniture, architecture and construction sectors. In addition to adding visual appeal, paints make surfaces more durable and shield them from exposures such as heat, humidity, and moisture.
- The Colombia paints market is expanding owing to the rising use of paints and coatings to enhance the durability and protection of various items and structures. Durable architecture paints are increasingly preferred for interior and exterior surfaces of commercial, institutional, residential, and industrial structures.
Market Analysis
Based on raw material, the market is divided into pigments, solvents, resins, and additives. Resins are further sub-divided on the basis of type into acrylic, alkyd, epoxy, and polyurethane, among others. On the basis of technology, the market is segmented into powder-based, water-borne, and solvent-borne, among others. The market, based on application, is categorised into architectural and industrial with industrial further sub-divided on the basis of type into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Colombia paints market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- PPG Industries, Inc.
- Benjamin Moore & Co.
- Compania Global De Pinturas S.A.
- Pinturas Super Ltda
- CORLANC S.A.S
- Pintubler de Colombia SA
- Others
Market Share by Technology
The water-borne technology accounted for a sizeable share of the paints market in Colombia as these paints dry more quickly than those with a solvent base because the water from the coating layer evaporates quickly. Rising building investments and consumer demand for eco-friendly products are expected to boost the growth of water-borne paints during the forecast period.
Market Share by Application
Architectural applications are expected to witness significant growth in the paints market of Colombia over the forecast period, due to the expanding building activities and considerable improvements to the nation's rail and road infrastructure. Rising disposable incomes and living standards are leading to a surge in construction, remodelling, and home improvement activities which is further boosting the growth of the Colombia paints market.
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Competitive Landscape
PPG Industries, Inc., with its headquarters in Pennsylvania, United States, manufactures paints, coatings, and speciality materials. Founded in 1883, the company supplies products to a range of industries, including construction, automotive, chemical processing, and manufacturing.
Benjamin Moore & Co., established in 1883 and headquartered in New Jersey in the United States, produces high-end and commercial paints, stains, and other architectural coatings. The company is a leader in design and innovation with a dedication for research and development in the architectural coatings sector.
Pintubler de Colombia SA, founded in 1980, enhances the quality in the paint industry with modern technology. With its headquarters in Cota, Colombia, the company's primary activity includes the production of paints, varnishes, lacquers, enamels, and other related products.
Other market players include Compania Global De Pinturas S.A., Pinturas Super Ltda, and CORLANC S.A.S, among 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:
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| Breakup by Raw Material |
|
| Breakup by Technology |
|
| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| 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 Colombia Paints Market Overview
8.1 Key Industry Highlights
8.2 Colombia Paints Historical Market (2018-2023)
8.3 Colombia Paints Market Forecast (2024-2032)
9 Colombia Paints Market by Raw Material
9.1 Pigments
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Solvents
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Resins
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Type
9.3.3.1 Acrylic
9.3.3.2 Alkyd
9.3.3.3 Epoxy
9.3.3.4 Polyurethane
9.3.3.5 Others
9.4 Additives
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Colombia Paints Market by Technology
10.1 Powder-Based
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Water-Borne
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Solvent-Borne
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Colombia Paints Market by Application
11.1 Architectural
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Industrial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Market by Type
11.2.3.1 General Industrial
11.2.3.2 Automotive and Transportation
11.2.3.3 Wood
11.2.3.4 Aerospace and Marine
11.2.3.5 Protective
11.2.3.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code - 3209)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Policy and Regulations
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PPG Industries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Benjamin Moore & Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compania Global De Pinturas S.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Pinturas Super Ltda
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 CORLANC S.A.S
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Pintubler de Colombia SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Colombia Paints Market: Key Industry Highlights, 2018 and 2032
2. Colombia Paints Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3. Colombia Paints Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4. Colombia Paints Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Colombia Paints Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Colombia Paints Historical Market: Breakup by Application (USD Million), 2018-2023
7. Colombia Paints Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Colombia Paints Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.0% between 2024 and 2032.
The major drivers of the market include the rising utilisation of paints in automotive and general industries, the growing construction sector, and increasing focus on building protection.
Rapid urbanisation and industrialisation, rising government investments in infrastructure, and development of innovative paints are the key trends propelling the growth of the market.
The various raw materials in the paints market of Colombia are pigments, solvents, resins, and additives, with resins further sub-divided into acrylic, alkyd, epoxy, and polyurethane, among others.
The various technologies in the market include powder-based, water-borne, and solvent-borne, among others.
The major applications of the paints market in Colombia include architectural and industrial, with industrial further sub-divided into general industrial, automotive and transportation, wood, aerospace and marine, and protective, among others.
The lifespan of paint depends upon the type of paint, for example, while latex paint has an average lifespan of 2 to 10 years, acrylic and oil based paints can last up to 15 years.
The major players in the Colombia paints market are PPG Industries, Inc., Benjamin Moore & Co., Compania Global De Pinturas S.A., Pinturas Super Ltda, CORLANC S.A.S, and Pintubler de Colombia SA, among others.
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