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Latin America Architectural Coatings Market Share, Size, Growth, Analysis: By Resin Type: Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, Others; By Technology: Water-Borne, Solvent-Borne, Powder Coating; By Application: Professional, DIY; By End Use: Residential, Commercial, Others; Regional Analysis; Competitive Landscape; 2023-2028
Latin America Architectural Coatings Market Outlook
The Latin America architectural coatings market size is expected to grow at a CAGR of 4.6% between 2023 and 2028. The market is being driven by robust infrastructural developments across the various countries in the region.
Key Trends in the Market
Architectural coating refers to a type of paint or coating used to cover the interior or exterior components of an architectural structure, such as a building. These types of coatings are highly durable, resistant to stain, and can impede crosslinking bonds to water, several chemicals, and UV radiation.
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- The upward growth trajectory of the Latin America construction market is likely to increase the demand for architectural coatings in the forecast period. Strong infrastructural development initiatives in countries such as Argentina and Brazil are anticipated to further fuel the Latin America architectural coatings market growth.
- Remodelling of commercial structures such as airports, warehouses, malls, and hotels, among others, to improve the structures, has been surging the demand for architectural coatings in the region.
- Penetration of technologies like artificial intelligence (AI), big data analytics, digital recreation, and 3D visualisation is being witnessed. Hence, the smooth placement and visualisation of architecture is likely to be a key trend in the Latin America architectural coatings market in the future.
Market Analysis
Based on resin type, the market is segmented into acrylic, alkyd, polyurethane, epoxy, and polyester, among others. On the basis of technology, the market is divided into water-borne, solvent-borne, and powder coating. By application, the market is bifurcated into professional and DIY. Based on end use, the market is categorised into residential, commercial, industrial, and infrastructure. The major countries in the Latin America market for architectural coatings are Brazil, Mexico, Argentina, Colombia, and Chile, 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 key players in the Latin America architectural coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- The Sherwin-Williams Company
- PPG Industries, Inc.
- Akzo Nobel N.V.
- Axalta Coating Systems, LLC
- BASF SE
- Jotun A/S
- Arkema S.A.
- Pintuco S.A.
- WEG Group
- Others
Market Share by Technology
The solvent-borne segment, based on technology, accounts for a healthy share of the Latin America architectural coatings market. This can be attributed to the greater flexibility, strong resistance to corrosion, favourable bonding properties, high mechanical strength, and high resistance to chemical attack offered by solvent-borne technologies. These advantages are likely to boost the quality of Latin American residential and commercial structures, leading to a higher growth of this segment in the coming years.
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Competitive Landscape
The Sherwin-Williams Company, founded in 1866 and headquartered in Ohio, United States, is a leading paint and coating manufacturing company. This company caters to the coating demands of various end use sectors including aerospace, automotive, and general industrial.
PPG Industries, Inc. is a global supplier of paints, coatings, and specialty materials which are used across various end use sectors. The company was established in 1883 and is currently headquartered in Pennsylvania in the United States.
Akzo Nobel N.V. is a multinational manufacturer of paints and performance coatings for both industrial and consumer applications. The establishment of this company took place in 1994 and it is headquartered in Amsterdam in the Netherlands.
Other market players include Axalta Coating Systems, LLC, BASF SE, Jotun A/S, Arkema S.A., Pintuco S.A., and WEG Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Resin Type |
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| Breakup by Technology |
|
| Breakup by Application |
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| Breakup by End Use |
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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 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Latin America Architectural Coatings Market Overview
8.1 Key Industry Highlights
8.2 Latin America Architectural Coatings Historical Market (2018-2022)
8.3 Latin America Architectural Coatings Market Forecast (2023-2028)
9 Latin America Architectural Coatings Market by Resin Type
9.1 Acrylic
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Alkyd
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Polyurethane
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Epoxy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Polyester
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.6 Others
10 Latin America Architectural Coatings Market by Technology
10.1 Water-Borne
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Solvent-Borne
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Powder Coating
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Latin America Architectural Coatings Market by Application
11.1 Professional
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 DIY
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Latin America Architectural Coatings Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Commercial
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Industrial
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Infrastructure
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
13 Latin America Architectural Coatings Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Mexico
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Argentina
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Colombia
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Chile
13.5.1 Historical Trend (2018-2022)
13.5.2 Forecast Trend (2023-2028)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 The Sherwin-Williams Company
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 PPG Industries, Inc.
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 Akzo Nobel N.V.
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 Axalta Coating Systems, LLC
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 BASF SE
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 Jotun A/S
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 Arkema S.A.
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 Pintuco S.A.
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 WEG Group
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 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Architectural Coating Market: Key Industry Highlights, 2018 and 2028
2. Latin America Architectural Coating Historical Market: Breakup by Resin Type (USD Million), 2018-2022
3. Latin America Architectural Coating Market Forecast: Breakup by Resin Type (USD Million), 2023-2028
4. Latin America Architectural Coating Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Latin America Architectural Coating Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Latin America Architectural Coating Historical Market: Breakup by Application (USD Million), 2018-2022
7. Latin America Architectural Coating Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Latin America Architectural Coating Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Latin America Architectural Coating Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Latin America Architectural Coating Historical Market: Breakup by Country (USD Million), 2018-2022
11. Latin America Architectural Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Architectural Coating Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.6% between 2023 and 2028.
The upward growth trajectory of the Latin America construction market, strong infrastructural development in countries such as Brazil and Argentina, and remodelling of commercial structures are the major drivers of the market.
The key market trends include the penetration of technologies like artificial intelligence (AI), digital recreation, and 3D visualisation, increasing prevalence of DIY applications, and growing demand for coatings with specialised features.
Acrylic, alkyd, polyurethane, epoxy, and polyester, among others, are the different resin types in the architectural coatings market.
Water-borne, solvent-borne, and powder coating are the major technologies of architectural coatings in the market.
Brazil, Mexico, Argentina, Colombia, and Chile, among others, are the major countries in the Latin America market for architectural coatings.
Depending upon the specific product, architectural coatings can provide protection against abrasion, chemical attack, or damage caused by water, among others.
The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Jotun A/S, Arkema S.A., Pintuco S.A., and WEG Group, among others, are the key players in the Latin America architectural coatings market, according to the report.
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