Latin America Powder Coating Market Size & Outlook
Latin America powder coating market, 2018-2030 (US$M)
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Latin America powder coating market highlights
- The Latin America powder coating market generated a revenue of USD 2,009.6 million in 2022.
- The market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2022.
- Consumer Goods is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,009.6 million |
| Market revenue in 2030 | USD 2,942.2 million |
| Growth rate | 4.9% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Consumer Goods |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Goods, Architectural, Automotive, General Industries, Furniture |
| Key market players worldwide | Nordson Corp, Graco Inc, Carlisle Companies Inc, Statfield Equipments, Reliant Finishing Systems, Pittsburgh Spray Equipment, Reinhardt-Technik, Anest Iwata, SAMES KREMLIN, Hangzhou Color Powder Coating Equipment Co., Mitsuba Systems ( I ) P.Ltd, The Eastwood Company, Parker Ionics, Redline Industries |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.8% of the global powder coating market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,813.7 million by 2030.
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Powder Coating Market Scope
Powder Coating Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America powder coating 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 powder coating market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 24.95% in 2022. Horizon Databook has segmented the Latin America powder coating market based on consumer goods, architectural, automotive, general industries, furniture covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America powder coating market is expected to grow substantially over the forecast period due to the region's economic growth in the past few years. The increasing disposable income of consumers has surged the demand for automobiles, which is expected to augment the product demand over the forecast period.
Increasing automotive vehicle sales in Argentina, Brazil, and Columbia will also likely positively impact the powder coatings market. Rising foreign investments in the automotive sector in the region are expected to open new growth avenues for powder coatings over the forecast period.
Brazil is one of the prominent markets for powder coatings in Central & South America. The increasing population, development of urban cities, and rapid industrialization are expected to emerge as prime factors contributing to the country's growing demand for powder coatings.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America powder coating market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America powder coating market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America powder coating market size, by country, 2018-2030 (US$M)
Latin America Powder Coating Market Outlook Share, 2022 & 2030 (US$M)
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