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Report

Latin America Architectural Coatings Market Report and Forecast 2023-2028

Market Report I 2023-10-17 I 162 Pages I EMR Inc.

Latin America Architectural Coatings Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Latin America architectural coatings market is projected to grow at a CAGR of 2.8% between 2023 and 2028 to reach a value of USD 11.66 billion by 2028.. Aided by the steady progression of urbanisation and the increasing emphasis on aesthetic and structural sustainability, the market is expected to grow significantly by 2028.
Architectural coatings are materials applied to surfaces, primarily to serve protective, functional, and aesthetic purposes. These coatings are pivotal in safeguarding buildings and structures from environmental factors, UV radiation, and corrosive atmospheres. Apart from protection, they also offer an enhanced aesthetic appeal, providing various finishes such as matte, gloss, and satin. In the context of Latin America, architectural coatings have been an integral part of the regional building and construction paradigm, given the area's rich architectural history and evolving modern designs.
The surging urbanisation and increased infrastructure investments in Latin American countries are significant factors propelling the Latin America architectural coatings market demand. Rapid urban growth, especially in countries like Brazil, Argentina, and Mexico, has spurred a demand for new residential and commercial constructions. With an increasing number of projects, there is an amplified need for architectural coatings to protect and beautify these structures.
Furthermore, the growing awareness and adoption of green construction practices in the region are also boosting the demand for eco-friendly architectural coatings and contributing to the Latin America architectural coatings market growth. As global environmental concerns become more pressing, Latin American builders and contractors are looking for sustainable options, which, in turn, is driving innovations in the architectural coatings industry. Manufacturers are now leaning towards producing coatings that are low in volatile organic compounds (VOCs) and have minimal environmental impact.
The tourism sector, too, plays a pivotal role in driving the architectural coatings market in Latin America. As per the Latin America architectural coatings market analysis, with countries like Brazil, Mexico, and Argentina being major tourist destinations, the need to maintain and refurbish historical sites and hotels is continual. Architectural coatings are regularly used in such restoration projects to ensure longevity while preserving aesthetic values.
Moreover, Latin America's diverse climate, ranging from tropical rainforests to dry deserts, necessitates the use of specialised coatings tailored to varied environmental conditions and further increases the value of the Latin America architectural coatings market size.
Market Segmentation
The market can be divided based on resin type, technology, application, end use, and country.
Market Breakup by Resin Type
- Acrylic
- Alkyd
- Polyurethane
- Epoxy
- Polyester
- Others
Market Breakup by Technology
- Water-Borne
- Solvent-Borne
- Powder Coating
Market Breakup by Application
- Professional
- DIY
Market Breakup by End Use
- Residential
- Commercial
- Industrial
- Infrastructure
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America architectural coatings market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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

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