South America Paints & Coatings Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "South America Paints & Coatings Market - Segmented by End-user Industry, Technology, Resin Type and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The South America paints & coatings market is estimated to register a growth rate of 3.09% during the forecast period, 2018-2023.

By 2021, Colombia plans to invest nearly USD 55 billion in infrastructural projects, while Brazil anticipates over USD 900 billion in total infrastructure investment by 2020. The increase in infrastructure and maintenance expenditure by the private and public sectors in Brazil, Peru, and Columbia are lending momentum to the growth of the paints & coatings market in these countries. Brazil has recently announced a USD 64 billion infrastructure-spending package that is intended to rejuvenate the slumping Brazilian economy. Nearly USD 28 billion is expected to be invested in rail and road infrastructure, USD 21 billion in highways, USD 12 billion in ports, and nearly USD 3 billion in airports.

The VOCs released from solvent-borne coatings is the core reason for the manufacturers switching to water-borne coatings. Also, other properties, like low odor, more durability, and more block resistance make water-borne coatings more preferable. There are many regulations from several governments, which support water-based coatings. These are usually used in several applications, which include transportation, building & construction, and industrial applications.

In the first three quarters of 2017, the Brazilian automotive industry had recorded a growth of 27% YoY, reaching a total of 1,564,485 vehicles. Brazil holds more than 3.75% market share in the global beverage can production, thus, boosting the demand for packaging coatings. Brazil's energy production, as a share of consumption, is forecasted to rise from 94% in 2015 to 112% by 2035.

Companies Mentioned

  • Akzo Nobel N.V
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Jotun
  • Lanco Paints
  • Pintuco SA
  • PPG Industries Inc.
  • Renner Herrmann S.A.
  • The Sherwin William Company
  • WEG Tintas

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/j7jb8m/south_america?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins, Paints and Coatings

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins, Paints and Coatings