LATIN AMERICA PAINTS & COATINGS MARKET 2019-2027

Chemicals & Materials | Coatings And Printing Inks

LATIN AMERICA PAINTS & COATINGS MARKET 2019-2027

Market By Resin Type, Technology, Application And Geography | Forecast 2019-2027

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According to a study by Triton Market Research, the paints & coatings market in Latin America is expected to expand with a CAGR of 5.24% in terms of revenue and a CAGR of 4.77% in terms of volume during the forecasting period from 2019-2027.

The countries that have been scrutinized in the Latin America paints & coatings market are:

•           Brazil

•           Mexico

•           Rest of Latin America

In Brazil, after the commodity boom from 2009-2013, the Brazilian construction industry saw a dip of $10 billion in 2014. Owing to the slow economic growth, high inflation, restrictive monetary policies and restricted credit supply, the sector saw a drastic decline. This was despite the surge from Rio de Janeiro Olympics, 2016 and the FIFA World Cup, 2014. This was further fueled by the 2015 protests against the corruption scandal involving Petrobras and economic reforms. Additionally, the budget allocations by the government in the infrastructure development went down by $6 billion as compared to 2014, in turn resulting in the further decline of the construction sector. To cater to the nearly 200% cost overruns in the infrastructure megaprojects issued by the Brazilian government, the government has introduced different innovating funding mechanisms like MIGA backed by commercial bank loans, which in turn will help the industry in recovering and driving the economic growth in the country. This, in turn, might result in the growth of the industrial paints & coatings market in the country.

Mexico is a $1.3 trillion economy. It has become the United States’ second-largest export market and third-largest source of imports. The country has free trade agreements with 46 countries, putting 90% of its trade through free agreement, which is extremely beneficial for almost all sectors in the country. The construction sector, including building materials and specialized expertise such as sustainable building technologies and seismic stabilization, is the best prospect industry sector for Mexico. The construction industry in Mexico has witnessed variable growth in the last five years, due to numerous internal as well as external factors, such as the global economic situation and a fall in the oil prices globally. These factors have affected the value of Mexico’s currency, the Peso. The private sector mainly drove the overall industry growth owing to the numerous private infrastructure projects in 2017.

The companies competing in the paints & coatings market are The Sherwin-Williams, Nippon Paint Holdings Co., Ltd., Asian Paints Limited, Jotun A/S, Indigo Paints Pvt. Ltd., Kelly-Moore Paints, RPM International, Inc., Axalta Coating System LLC, Berger Paints Limited, Kansai Paint Co., Ltd., PPG Industries, Valspar Corporation, AkzoNobel N.V., Beckers Group and BASF Coatings.

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Table of Content

1.    LATIN AMERICA PAINTS & COATINGS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. VENDOR SCORECARD

2.6. INDUSTRY PLAYER POSITIONING

2.7. MARKET DRIVERS

2.7.1. EVOLVING AUTOMOTIVE INDUSTRY

2.7.2. INCREASED DEMAND FROM AEROSPACE & MARINE INDUSTRY

2.7.3. GROWING IMPORTANCE OF PAINTS & COATINGS WITH FUNCTIONAL BENEFITS

2.8. MARKET RESTRAINTS

2.8.1. HIGH COSTS ASSOCIATED WITH PAINTS & COATINGS

2.8.2. IMPLEMENTATION OF STRINGENT REGULATIONS FOR REDUCING VOC EMISSIONS

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASED DEMAND FROM EMERGING ECONOMIES

2.9.2. SHIFT TOWARDS ADOPTION OF SUSTAINABLE PRODUCTS

2.9.3. EMERGENCE OF NANO & FLUOROPOLYMER

2.10.            MARKET CHALLENGES

2.10.1. NEGATIVE IMPACT ON ENVIRONMENT

3.    LATIN AMERICA PAINTS & COATINGS MARKET OUTLOOK - BY RESIN TYPE (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: KILO TONS)

3.1. ACRYLIC

3.2. POLYESTER

3.3. ALKYD

3.4. EPOXY

3.5. POLYURETHANE

3.6. OTHER RESIN TYPES

4.    LATIN AMERICA PAINTS & COATINGS MARKET OUTLOOK - BY TECHNOLOGY (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: KILO TONS)

4.1. WATER-BORNE

4.2. SOLVENT-BORNE

4.3. POWDER COATING

4.4. HIGH-SOLIDS

4.5. RADIATION-CURED

4.6. EMERGING COATING TECHNOLOGIES

5.    LATIN AMERICA PAINTS & COATINGS MARKET OUTLOOK - BY APPLICATION (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: KILO TONS)

5.1. ARCHITECTURAL APPLICATIONS

5.1.1. INTERIOR

5.1.2. EXTERIOR

5.2. INDUSTRIAL APPLICATIONS

5.2.1. AUTOMOTIVE

5.2.2. AEROSPACE & MARINE

5.2.3. INDUSTRIAL WOOD COATINGS

5.2.4. CONSUMER DURABLES

5.2.5. GENERAL INDUSTRIAL

5.2.6. OTHER INDUSTRIAL APPLICATIONS

6.    LATIN AMERICA PAINTS & COATINGS MARKET - REGIONAL OUTLOOK (IN TERMS OF VALUE: $ MILLION & IN TERMS OF VOLUME: KILO TONS)

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

7.    COMPETITIVE LANDSCAPE

7.1. AKZONOBEL N.V. 

7.2. ASIAN PAINTS LIMITED 

7.3. AXALTA COATING SYSTEM LLC 

7.4. BASF COATINGS

7.5. BECKERS GROUP 

7.6. BERGER PAINTS LIMITED 

7.7. INDIGO PAINTS PVT. LTD. 

7.8. JOTUN A/S 

7.9. KANSAI PAINT CO., LTD.

7.10.            KELLY-MOORE PAINTS 

7.11.            NIPPON PAINT HOLDINGS CO., LTD. 

7.12.            PPG INDUSTRIES

7.13.            RPM INTERNATIONAL, INC. 

7.14.            THE SHERWIN-WILLIAMS

7.15.            VALSPAR CORPORATION

8.    METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of table

TABLE 1: MARKET ATTRACTIVENESS MATRIX FOR PAINTS & COATINGS MARKET

TABLE 2: VENDOR SCORECARD OF PAINTS & COATINGS MARKET

TABLE 3: LATIN AMERICA PAINTS & COATINGS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 4: LATIN AMERICA PAINTS & COATINGS MARKET, COUNTRY OUTLOOK, 2019-2027 (IN KILO TONS)

TABLE 5: LATIN AMERICA PAINTS & COATINGS MARKET, BY RESIN TYPE, 2019-2027 (IN $ MILLION)

TABLE 6: LATIN AMERICA PAINTS & COATINGS MARKET, BY RESIN TYPE, 2019-2027 (IN KILO TONS)

TABLE 7: LATIN AMERICA PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2019-2027 (IN $ MILLION)

TABLE 8: LATIN AMERICA PAINTS & COATINGS MARKET, BY TECHNOLOGY, 2019-2027 (IN KILO TONS)

TABLE 9: LATIN AMERICA PAINTS & COATINGS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 10: LATIN AMERICA PAINTS & COATINGS MARKET, BY APPLICATION, 2019-2027 (IN KILO TONS)

List of Figures

FIGURE 1: LATIN AMERICA PAINTS & COATINGS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS OF PAINTS & COATINGS MARKET

FIGURE 3: KEY PLAYER POSITIONING IN 2018 (%)

FIGURE 4: ANTICIPATED GROWTH IN GDP OF EMERGING NATIONS

FIGURE 5: LATIN AMERICA PAINTS & COATINGS MARKET, BY WATER-BORNE, 2019-2027 (IN $ MILLION)

FIGURE 6: LATIN AMERICA PAINTS & COATINGS MARKET, BY SOLVENT-BORNE, 2019-2027 (IN $ MILLION)

FIGURE 7: LATIN AMERICA PAINTS & COATINGS MARKET, BY POWDER COATING, 2019-2027 (IN $ MILLION)

FIGURE 8: LATIN AMERICA PAINTS & COATINGS MARKET, BY HIGH-SOLIDS, 2019-2027 (IN $ MILLION)

FIGURE 9: LATIN AMERICA PAINTS & COATINGS MARKET, BY RADIATION-CURED, 2019-2027 (IN $ MILLION)

FIGURE 10: LATIN AMERICA PAINTS & COATINGS MARKET, BY OTHER EMERGING COATING TECHNOLOGIES, 2019-2027 (IN $ MILLION)

FIGURE 11: LATIN AMERICA PAINTS & COATINGS MARKET, BY ACRYLIC, 2019-2027 (IN $ MILLION)

FIGURE 12: LATIN AMERICA PAINTS & COATINGS MARKET, BY POLYESTER, 2019-2027 (IN $ MILLION)

FIGURE 13: LATIN AMERICA PAINTS & COATINGS MARKET, BY ALKYD, 2019-2027 (IN $ MILLION)

FIGURE 14: LATIN AMERICA PAINTS & COATINGS MARKET, BY EPOXY, 2019-2027 (IN $ MILLION)

FIGURE 15: LATIN AMERICA PAINTS & COATINGS MARKET, BY POLYURETHANE, 2019-2027 (IN $ MILLION)

FIGURE 16: LATIN AMERICA PAINTS & COATINGS MARKET, BY OTHER RESIN TYPES, 2019-2027 (IN $ MILLION)

FIGURE 17: LATIN AMERICA PAINTS & COATINGS MARKET, BY ARCHITECTURAL APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 18: LATIN AMERICA ARCHITECTURAL PAINTS & COATINGS MARKET, BY INTERIOR, 2019-2027 (IN $ MILLION)

FIGURE 19: LATIN AMERICA ARCHITECTURAL PAINTS & COATINGS MARKET, BY EXTERIOR, 2019-2027 (IN $ MILLION)

FIGURE 20: LATIN AMERICA PAINTS & COATINGS MARKET, BY INDUSTRIAL APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 21: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 22: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY AEROSPACE & MARINE, 2019-2027 (IN $ MILLION)

FIGURE 23: BOEING’S COMMERCIAL AIRCRAFTS MARKET OUTLOOK, BY REGION, 2016-2035

FIGURE 24: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY INDUSTRIAL WOOD COATINGS, 2019-2027 (IN $ MILLION)

FIGURE 25: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY CONSUMER DURABLES, 2019-2027 (IN $ MILLION)

FIGURE 26: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY GENERAL INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 27: LATIN AMERICA INDUSTRIAL PAINTS & COATINGS MARKET, BY OTHER INDUSTRIAL APPLICATION, 2019-2027 (IN $ MILLION)

FIGURE 28: LATIN AMERICA PAINTS & COATINGS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 29: BRAZIL PAINTS & COATINGS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: MEXICO PAINTS & COATINGS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: REST OF LATIN AMERICA PAINTS & COATINGS MARKET, 2019-2027 (IN $ MILLION)

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