LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON AUTOMOTIVE PAINTS AND COATINGS MARKET

2.2. KEY INSIGHTS

2.2.1. INTRODUCTION OF NEW COLORS FOR CAR EXTERIORS

2.2.2. NEW RESIN AND ADDITIVE TECHNOLOGIES DEVELOPMENT METHODS

2.2.3. SHIFTING PREFERENCES IN CAR COLORS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. MERGERS & ACQUISITIONS

2.6.2. CONTRACTS & AGREEMENTS

2.6.3. EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. TECHNOLOGICAL INNOVATIONS IN METALLIC PIGMENTS

2.7.2. GROWING DEMAND FOR SANITARY CAR INTERIORS

2.7.3. STRONG GOVERNMENT ASSISTANCE

2.7.4. INCREASED DEMAND FOR PASSENGER VEHICLES

2.8. MARKET CHALLENGES

2.8.1. ELEVATED COATINGS COSTS AND RAW MATERIAL SHORTFALLS

2.8.2. REGULATIONS AND FORMULATOR REGISTRATION REQUIREMENTS

2.9. MARKET OPPORTUNITIES

2.9.1. NEW DEVELOPMENTS IN COATINGS

2.9.2. SPECIALLY DESIGNED COATINGS FOR ELECTRIC VEHICLES

3. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE

3.1. SOLVENT-BORNE

3.2. WATERBORNE

3.3. OTHER COATINGS (POWDER COATINGS, ETC)

4. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY COAT TYPE

4.1. BASE COAT

4.2. ELECTRO COAT

4.3. CLEAR COAT

4.4. PRIMER

5. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE

5.1. PASSENGER VEHICLES

5.2. LIGHT COMMERCIAL VEHICLES

5.3. HEAVY COMMERCIAL VEHICLES

6. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS

6.1. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)

6.2. AUTOMOTIVE REFINISH

7. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK

7.1. BRAZIL

7.2. MEXICO

7.3. REST OF LATIN AMERICA

8. COMPETITIVE LANDSCAPE

8.1. AKZO NOBEL NV

8.2. AXALTA COATING SYSTEMS

8.3. BASF SE

8.4. BERGER PAINTS LTD

8.5. CONCEPT PAINTS

8.6. HMG PAINTS LTD

8.7. KANSAI PAINT CO LTD

8.8. KAPCI COATINGS

8.9. KCC CORPORATION

8.10. NATIONAL PAINTS FACTORIES CO LTD

8.11. PPG INDUSTRIES INC

8.12. RED SPOT PAINT

8.13. RPM INTERNATIONAL INC

8.14. SHERWIN WILLIAMS

8.15. VALSPAR CORPORATION

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

 

 

TABLE LIST

TABLE 1: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: NEW PASSENGER CAR REGISTRATIONS IN TOP COUNTRIES IN 2020

TABLE 4: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 6: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 7: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 9: PRODUCTION AND SALES OF AUTOMOBILES IN BRAZIL (2016-2020)

TABLE 10: PRODUCTION AND SALES OF AUTOMOBILES IN MEXICO (2016-2020)

TABLE 11: PRODUCTION AND SALES OF AUTOMOBILES IN ARGENTINA (2016-2020)

 

 

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $ MILLION)

FIGURE 4: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $ MILLION)

FIGURE 5: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS, ETC), 2022-2028 (IN $ MILLION)

FIGURE 6: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN %)

FIGURE 7: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)

FIGURE 12: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN %)

FIGURE 16: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS (OEM), 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 19: BRAZIL AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: MEXICO AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: REST OF LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton’s research report states that the Latin American automotive paints and coatings market is estimated to register progress at a CAGR of 5.36% during the forecast period 2022-2028. Mexico, Brazil, and Rest of Latin America shape the market in this region.

As a major emerging economy, Brazil has witnessed significant growth in the automotive sector in the past years. The country has observed a significant surge in new registration, making it the world’s sixth-largest vehicle market. Moreover, the country hosts various prominent companies, witnessing high demand for passenger cars. In 2020, the country sold around 2 million new vehicles. The growing number of vehicle sales increased the demand for automotive paints, thereby driving the Brazilian automotive paints and coatings market on a progressive path.

Likewise, there is a strong demand for vehicles in Argentina, contributing to the development of the automotive industry. Additionally, the country has led several prominent companies to set up operations, including Ford, Mercedes Benz, Renault, and Honda. These companies are engaged in manufacturing a higher number of vehicles. For instance, Toyota Argentina produced approximately 125,000 vehicles in 2019, meeting high demand. Hence, the rising demand for cars in the domestic and international market has surged the demand for automotive paints and coatings, supporting the studied market’s growth.

 

Get more insights into the Latin America Automotive Paints and Coatings Market:

 

https://www.tritonmarketresearch.com/reports/latin-america-automotive-paints-and-coatings-market

 

COMPETITIVE OUTLOOK

The major companies thriving in the automotive paints and coatings market include Berger Paints Ltd, Kansai Paint Co Ltd, Akzo Nobel NV, Concept Paints, KCC Corporation, and PPG Industries Inc.

 

 

 

SEGMENTATION

1.     AKZO NOBEL NV

2.     AXALTA COATING SYSTEMS

3.     BASF SE

4.     BERGER PAINTS LTD

5.     CONCEPT PAINTS

6.     HMG PAINTS LTD

7.     KANSAI PAINT CO LTD

8.     KAPCI COATINGS

9.     KCC CORPORATION

10. NATIONAL PAINTS FACTORIES CO LTD

11. PPG INDUSTRIES INC

12. RED SPOT PAINT

13. RPM INTERNATIONAL INC

14. SHERWIN WILLIAMS

15. VALSPAR CORPORATION