Account
Please wait, authorizing ...

Do you have an account? Create one now.

×

Report Forecasts Paint Market Growth in Latin America

Painting Building

Latin America. Statistics firm Statista released a report on the market value of the paints and coatings industry globally from 2018 to 2029.

The publication highlights the momentum generated in Latin America by the growth of infrastructure and maintenance spending by both the public and private sectors.

Among the leading countries of this regional growth are Colombia, Peru and Brazil.

"Increasing industrialization in Brazil may drive demand for architectural cladding that will further help increase revenue," the study notes.

- Publicidad -

It notes that following the outbreak of the pandemic, the market value of the paints and coatings industry worldwide declined by approximately 6% in 2020, equivalent to $145 billion.

However, its growth resumed in 2021, when the industry reached a market value of approximately US $ 160,000 million.

The report predicts that by 2029 the market value of the sector will exceed US $ 235,000 million.

It expects North America to witness remarkable growth in the global market.

"The U.S. is one of the largest consumers of paints for automotive and construction applications globally, which will contribute to the growth of the market."

The research highlights Sherwin-Williams and PPG Industries as the top two players in the global industry. In 2021, each company had a market share of approximately 11.2%. The two paint and coating suppliers are based in the United States.

Other important paint and coating companies worldwide that stand out are the Dutch multinational AkzoNobel and the Japanese manufacturer Nippon Paint.

Federico Duarte
Author: Federico Duarte
Editor en Latin Press, Inc.
Comunicador social y periodista con experiencia de más de 15 años en medios de comunicación. Apasionado por hacer de la vida una historia para contar. [email protected]

No thoughts on “Report Forecasts Paint Market Growth in Latin America”

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
Suscribase Gratis
SUBSCRIBE TO OUR ENGLISH LANGUAGE NEWSLETTER
DO YOU NEED A PRODUCT QUOTE?
HIGHLIGHTED INTERVIEWS

Entrevista con Sergio Zárate de Lanxess

Entrevista con Sergio Zárate Empresa: Lanxess Realizada por Ana María Mejía Evento: LACS 2019 - México Junio 2019

Entrevista con Roberto Barrera de Lubrizol

Entrevista con Roberto Barrera Empresa: Lubrizol Realizada por Ana María Mejía Evento: LACS 2019 - México Junio 2019

Entrevista con Miguel Ángel Castillo de Evonik

Entrevista con Miguel Ángel Castillo Empresa: Evonik Realizada por Ana María Mejía Evento: LACS 2019 - México Junio 2019

Entrevista con Marcos Basso de Eastman

Entrevista con Marcos Basso Empresa: Eastman Realizada por Ana María Mejía Evento: LACS 2019 - México Junio 2019

Entrevista con Juan Carlos Orozco de DOW

Entrevista con Juan Carlos Orozco Empresa: DOW Realizada por Ana María Mejía Evento: LACS 2019 - México Junio 2019
Load more...
SITE SPONSORS










LATEST NEWSLETTER
Ultimo Info-Boletin