Latin America Antimicrobial Coatings Market Size & Outlook
Latin America antimicrobial coatings market, 2018-2030 (US$M)
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Latin America antimicrobial coatings market highlights
- The Latin America antimicrobial coatings market generated a revenue of USD 424.8 million in 2023.
- The market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, surface modifications and coatings was the largest revenue generating product in 2023.
- Antimicrobial Powder Coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 424.8 million |
| Market revenue in 2030 | USD 934.8 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Surface modifications and coatings |
| Fastest growing segment | Antimicrobial Powder Coatings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antimicrobial Powder Coatings, Surface modifications and coatings |
| Key market players worldwide | Akzo Nobel NV, Lonza Group Ltd, DuPont de Nemours Inc, Axalta Coating Systems Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Koninklijke DSM NV, Sherwin-Williams Co, Troy Minerals Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.7% of the global antimicrobial coatings market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 13,386.4 million by 2030.
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Antimicrobial Coatings Market Scope
Antimicrobial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America antimicrobial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to antimicrobial coatings market will help companies and investors design strategic landscapes.
Surface modifications and coatings was the largest segment with a revenue share of 53.23% in 2023. Horizon Databook has segmented the Latin America antimicrobial coatings market based on antimicrobial powder coatings, surface modifications and coatings covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in Central & South America has been witnessing slow growth over the past few years owing to the slowdown in healthcare spending in key countries such as Brazil and Colombia. However, several governments in the region have been taking measures to improve public healthcare systems in their respective economies.
Political instabilities, declining consumer confidence, and monetary tightening have had adverse impacts on the Brazilian economy, thereby affecting the country’s healthcare industry. As a result, medical plastics market in Central & South America is expected to witness moderate growth over the forecast period. Healthcare spending in Central & South America is expected to rise gradually in the coming years.
Several initiatives are being undertaken by the governments of different countries in the region to improve their public healthcare systems amid budget constraints. Several steps are also being taken to attract increased private investments in the healthcare industry of the region to improve the existing healthcare infrastructures in key countries such as Brazil, Argentina, Colombia, and Venezuela.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America antimicrobial coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America antimicrobial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America antimicrobial coatings market
Latin America Antimicrobial Coatings Market Outlook Share, 2023 & 2030 (US$M)
Latin America antimicrobial coatings market
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