Brazil Paints And Coatings Market Size & Outlook
Brazil paints and coatings market, 2018-2030 (US$M)
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Brazil paints and coatings market highlights
- The Brazil paints and coatings market generated a revenue of USD 5,412,324.4 million in 2023 and is expected to reach USD 7,611,989.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, solvent-borne coatings was the largest revenue generating product in 2023.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 5,412,324.4 million |
| Market revenue in 2030 | USD 7,611,989.1 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Solvent-borne coatings |
| Fastest growing segment | Powder coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.7% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 7,611,989.1 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Solvent-borne coatings was the largest segment with a revenue share of 32.5% in 2023. Horizon Databook has segmented the Brazil paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the leading producer of automobiles in Central & South America and emerged as the ninthlargest automobile producer in the world. According to International Organization of Motor Vehicle Manufacturers, the automotive production in Brazil witnessed an increase of 5% in 2022 as compared to 2021.
Additionally, according to the Brazilian Association of Automotive Vehicle Manufacturers, Brazil exported around 376,000 units of vehicles in 2022 as compared to 324,000 units in 2021.
Furthermore, In 2023, the Brazil automotive industry is projected to experience a 2.2% increase in automobile output, with approximately 2.42 million vehicles being manufacturer. This growth is expected to be driven by a 4.2% rise in the production of cars and other light vehicles.
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into Brazil paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil paints and coatings market size, by product, 2018-2030 (US$M)
Brazil Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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