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Latin America Architectural Coatings Market

Latin America Architectural Coatings Market Share, Size, Growth, Analysis: By Raw Material: Pigments and Fillers, Solvents, Resins, Additives; By Technology: Water-Borne, Solvent-Borne, Powder Coating; By Application: Professional, DIY; By End Use: Residential, Commercial, Others; Regional Analysis; Competitive Landscape; 2024-2032

Latin America Architectural Coatings Market Outlook

The Latin America architectural coatings market size is expected to grow at a CAGR of 4.6% between 2024 and 2032. 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.

 

Latin America Architectural Coatings Market

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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 raw material, the market is segmented into pigments and fillers, solvents, resins, and additives;. 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.

 

Latin America Architectural Coatings Market

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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.

 

Latin America Architectural Coatings Market

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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 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:

  • Raw Material
  • Technology
  • Application
  • End Use
  • Country
Breakup by Raw Material 
  • Pigments and Fillers
  • Solvents
  • Resins
  • Additives
Breakup by Technology
  • Water-Borne
  • Solvent-Borne
  • Powder Coating
Breakup by Application
  • Professional
  • DIY
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
  • Infrastructure
Breakup by Region
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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 (2018-2023)
    8.3    Latin America Architectural Coatings Market Forecast (2024-2032)
9    Latin America Architectural Coatings Market by Raw Material
        8.4.1    Pigments and Fillers
            8.1.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Solvents
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Resins
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
            8.4.3.2.1    Breakup by Type
                8.4.3.2.2    Acrylic
                8.4.3.2.3    Alkyd
                8.4.3.2.4    Epoxy
                8.4.3.2.5    Polyurethane
                8.4.3.2.6    Others
        8.4.4    Additives
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
10    Latin America Architectural Coatings Market by Technology
    10.1    Water-Borne
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Solvent-Borne
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Powder Coating
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
11    Latin America Architectural Coatings Market by Application
    11.1    Professional
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    DIY
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    Latin America Architectural Coatings Market by End Use
    12.1    Residential
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Commercial
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Industrial
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Infrastructure
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
13    Latin America Architectural Coatings Market by Country
    13.1    Brazil
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Mexico
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Argentina
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Colombia
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Chile
        13.5.1    Historical Trend (2018-2023)
        13.5.2    Forecast Trend (2024-2032)
    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 2032
2.    Latin America Architectural Coating Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3.    Latin America Architectural Coating Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4.    Latin America Architectural Coating Historical Market: Breakup by Technology (USD Million), 2018-2023
5.    Latin America Architectural Coating Market Forecast: Breakup by Technology (USD Million), 2024-2032
6.    Latin America Architectural Coating Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Latin America Architectural Coating Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Latin America Architectural Coating Historical Market: Breakup by End Use (USD Million), 2018-2023
9.    Latin America Architectural Coating Market Forecast: Breakup by End Use (USD Million), 2024-2032
10.    Latin America Architectural Coating Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Latin America Architectural Coating Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.

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.

The various raw materials in the architectural coatings market are pigments and fillers, solvents, resins, and additives, with resins further sub-divided into acrylic, alkyd, epoxy, and polyurethane, among others.

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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