LATIN AMERICA SMART COATINGS MARKET 2021-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA SMART COATINGS MARKET 2021-2028

Market by Type of Layer, Application, Coating Type, and Country | Forecast 2021-2028

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Triton Market Research’s report on the smart coatings market in Latin America predicts this industry to grow with a CAGR of 24.39% during the forecast years between 2021 and 2028.


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The countries considered for analysis in this market include:

•           Brazil

•           Mexico

•           Rest of Latin America         

The construction industry in the region recovered in key country markets in 2021; growth was observed in housing, hotels, and other architectural market segments. As per industry sources, there are 624 million people in Latin America. The rate of urbanization here is very high, with more than 80% of its population living in cities, states the United Nations. This has boosted the demand for smart coatings in the region.

A region-wide paints and coatings association was formed in Latin America – called the Latin American Federation of Paint Manufacturers – to smoothen the paint industry policies and enable effective data collection and stimulation measures. Further, the automotive segment in the region is growing more evenly, with massive investments flowing into both Brazil and Mexico. Smart coatings are widely used in this segment, and the growth in this sector is expected to influence the demand for smart coatings as well.

Mexico is the second-largest economy in Latin America. In 2020, with the onslaught of the Coronavirus pandemic, non-essential activities in the country were shut down. This majorly affected the manufacturing sector, along with various other industries, including construction. However, the market is now recovering, and Mexico is expected to become one of the most competitive markets globally. The growth in several industries will bolster the demand for smart coatings as well, which, in turn, will lead to market growth.

AkzoNobel NV is a paints and coatings manufacturing company. The company offers protective coatings, specialty coatings, automotive coatings, marine coatings, and industrial coatings for use in used in cars, aircraft, ships, yachts, oil & gas facilities, consumer goods, and architectural components. It also provides paints, adhesives, varnishes, lacquers, mixing machines, and color concepts for the renovation & building industry. The company markets its products under the Bruguer, Dulus, Flexa, Coral, Sadolin, Inca, Alba, and Marshall brand names. AkzoNobel has a business presence in Latin America, among other regions. It was founded in 1994, and has a strong workforce of more than 32,000 employees.

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Table of Content

1. LATIN AMERICA SMART COATINGS MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SMART COATINGS INDUSTRY

2.2. KEY INSIGHTS

2.2.1. DEMAND FROM VARIOUS INDUSTRIES

2.2.2. ADVANCEMENTS IN SELF-HEALING SMART COATINGS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.6.1. RAW MATERIALS

2.6.2. PRICE

2.6.3. QUALITY

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. CONTRACTS & PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS & DIVESTITURES

2.8. MARKET DRIVERS

2.8.1. ADVANTAGES OF SMART COATINGS IN COMPARISON TO TRADITIONAL COATINGS

2.8.2. RISE IN DEMAND FROM THE CONSTRUCTION SECTOR

2.9. MARKET CHALLENGES

2.9.1. STRINGENT REGULATIONS FOR ENVIRONMENTAL PROTECTION

2.9.2. HIGHER COST OF SMART COATINGS

2.10. MARKET OPPORTUNITIES

2.10.1. A SHIFT TOWARDS SMART COATINGS FROM THEIR ALTERNATIVE

2.10.2. GROWING MERGERS AND ACQUISITIONS IN THE SMART COATINGS MARKET

3. LATIN AMERICA SMART COATINGS MARKET OUTLOOK – BY TYPE OF LAYER

3.1. SINGLE-LAYER

3.2. MULTI-LAYER

4. LATIN AMERICA SMART COATINGS MARKET OUTLOOK – BY APPLICATION

4.1. BUILDING & CONSTRUCTION

4.2. AUTOMOTIVE

4.3. MARINE

4.4. AEROSPACE & DEFENCE

4.5. OTHER APPLICATIONS

5. LATIN AMERICA SMART COATINGS MARKET OUTLOOK – BY COATING TYPE

5.1. ANTI-MICROBIAL

5.2. ANTI-CORROSION

5.3. ANTI-FOULING

5.4. ANTI-ICING

5.5. SELF-CLEANING

5.6. SELF-HEALING

5.7. OTHER COATING TYPES

6. LATIN AMERICA SMART COATINGS MARKET– REGIONAL OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

7. COMPETITIVE LANDSCAPE

7.1. 3M COMPANY

7.2. AKZONOBEL NV

7.3. ANCATT INC

7.4. AXALTA COATING SYSTEM

7.5. BASF SE

7.6. EASTMAN CHEMICAL COMPANY

7.7. EI DU PONT DE NEMOURS & COMPANY

7.8. HEMPEL AS

7.9. JOTUN AS

7.10. NEI CORPORATION

7.11. NIPPON STEEL CORPORATION

7.12. PPG INDUSTRIES INC

7.13. ROYAL DSM NV

7.14. TESLA NANOCOATINGS INC

7.15. DOW CHEMICAL COMPANY

7.16. THE SHERWIN WILLIAMS COMPANY

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)      

TABLE 2: VENDOR SCORECARD        

TABLE 3: LATIN AMERICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2021-2028 (IN $ MILLION)      

TABLE 4: LATIN AMERICA SMART COATINGS MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)      

TABLE 5: LATIN AMERICA SMART COATINGS MARKET, BY COATING TYPE, 2021-2028 (IN $ MILLION)      

TABLE 6: LATIN AMERICA SMART COATINGS MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)       

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: LATIN AMERICA SMART COATINGS MARKET, BY TYPE OF LAYER, 2020 & 2028 (IN %)

FIGURE 4: LATIN AMERICA SMART COATINGS MARKET, BY SINGLE-LAYER, 2021-2028 (IN $ MILLION)      

FIGURE 5: LATIN AMERICA SMART COATINGS MARKET, BY MULTI-LAYER, 2021-2028 (IN $ MILLION)      

FIGURE 6: LATIN AMERICA SMART COATINGS MARKET, BY APPLICATION, 2020 & 2028 (IN %)      

FIGURE 7: LATIN AMERICA SMART COATINGS MARKET, BY BUILDING & CONSTRUCTION, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA SMART COATINGS MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)      

FIGURE 9: LATIN AMERICA SMART COATINGS MARKET, BY MARINE, 2021-2028 (IN $ MILLION)      

FIGURE 10: LATIN AMERICA SMART COATINGS MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA SMART COATINGS MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)          

FIGURE 12: LATIN AMERICA SMART COATINGS MARKET, BY COATING TYPE, 2020 & 2028 (IN %)

FIGURE 13: LATIN AMERICA SMART COATINGS MARKET, BY ANTI-MICROBIAL, 2021-2028 (IN $ MILLION)        

FIGURE 14: LATIN AMERICA SMART COATINGS MARKET, BY ANTI-CORROSION, 2021-2028 (IN $ MILLION)        

FIGURE 15: LATIN AMERICA SMART COATINGS MARKET, BY ANTI-FOULING, 2021-2028 (IN $ MILLION)      

FIGURE 16: LATIN AMERICA SMART COATINGS MARKET, BY ANTI-ICING, 2021-2028 (IN $ MILLION)      

FIGURE 17: LATIN AMERICA SMART COATINGS MARKET, BY SELF-CLEANING, 2021-2028 (IN $ MILLION)   

FIGURE 18: LATIN AMERICA SMART COATINGS MARKET, BY SELF-HEALING, 2021-2028 (IN $ MILLION)   

FIGURE 19: LATIN AMERICA SMART COATINGS MARKET, BY OTHER COATING TYPES, 2021-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA SMART COATINGS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

FIGURE 21: BRAZIL SMART COATINGS MARKET 2021-2028 (IN $ MILLION)   

FIGURE 22: MEXICO SMART COATINGS MARKET 2021-2028 (IN $ MILLION) 

FIGURE 23: REST OF LATIN AMERICA SMART COATINGS MARKET 2021-2028 (IN $ MILLION)            

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