Brazil Industrial Coatings Market Size & Outlook
Brazil industrial coatings market, 2018-2030 (US$M)
Brazil industrial coatings market highlights
- The Brazil industrial coatings market generated a revenue of USD 2,087.5 million in 2023 and is expected to reach USD 2,333.5 million by 2027.
- The Brazil market is expected to grow at a CAGR of 2.8% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 2,087.5 million |
| Market revenue in 2027 | USD 2,333.5 million |
| Growth rate | 2.8% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.3% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 862.3 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil industrial 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 industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.89% in 2023. Horizon Databook has segmented the Brazil industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil dominated the central & South America industrial coating market in 2019. Brazil is one of the prominent countries, in terms of oil & gas and automobile production, in the region. It is characterized by the presence of several foreign manufacturers such as BMW, Ford, General Motors, Honda, Hyundai, Mahindra, Mercedes-Benz, Mitsubishi, Nissan, Renault, Suzuki, Toyota, Volvo, and Volkswagen.
Agrale and Tecnologia Automotiva Catarinense (TAC) are the Brazilian automotive manufacturers functioning in the country. Thus, the presence of various manufacturers in the country is anticipated to drive automotive industry, in turn, fueling the demand for industrial coatings over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into Brazil industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil industrial coatings market size, by product, 2018-2030 (US$M)
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