Latin America Waterborne Coatings Market Size & Outlook
Latin America waterborne coatings market, 2018-2030 (US$M)
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Latin America waterborne coatings market highlights
- The Latin America waterborne coatings market generated a revenue of USD 2,387.0 million in 2022.
- The market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- In terms of segment, architectural was the largest revenue generating application in 2022.
- General Industries is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Colombia is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 2,387.0 million |
| Market revenue in 2030 | USD 3,573.9 million |
| Growth rate | 5.2% (CAGR from 2022 to 2030) |
| Largest segment | Architectural |
| Fastest growing segment | General Industries |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Architectural, General Industries, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Axalta Coating Systems Ltd, Kansai Paint Co Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Sherwin-Williams Co, Berger Paints, Valspar, Tikkurila Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.5% of the global waterborne coatings 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 39,605.9 million by 2030.
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Waterborne Coatings Market Scope
Waterborne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America waterborne 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 waterborne coatings market will help companies and investors design strategic landscapes.
Architectural was the largest segment with a revenue share of 78.45% in 2022. Horizon Databook has segmented the Latin America waterborne coatings market based on architectural, general industries, automotive oem, metal packaging, protective coatings, automotive refinish, industrial wood, marine, coil covering the revenue growth of each sub-segment from 2018 to 2030.
Improving economic conditions in Argentina and Brazil are expected to be the key driving factors for market growth in the region. However, weaker currencies, severe market stress in Argentina and the recent Trucker’s strike in Brazil are expected to restrain market growth in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America waterborne coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America waterborne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America waterborne coatings market size, by country, 2018-2030 (US$M)
Latin America Waterborne Coatings Market Outlook Share, 2022 & 2030 (US$M)
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