Latin America Automotive Paints Market: By Technology, By Resin Type, By Texture, By Paint Type, By Vehicle Type and Country
The Latin America Automotive Paints market size was valued US$ XX Mn in 2023 and poised to grow at significant CAGR over 2024-2030. Some of the key factors influencing the market growth include stringent emission regulations & environmental concerns, innovative paint technologies, changing buyer preferences, high growth in emerging economies and increasing demand of vehicles worldwide. In addition, favorable economic and political scenario in Latin America has encouraged automotive paints manufacturers to invest in this region, which is anticipated to propel the market growth in the forecast period. This market is surging owing to frequent acquisitions and launchings by the market players. For Instance, Nippon Paint, one of the leaders in the automotive paints market, has devised and developed a polarized paint, Maziora that changes color depending on the angle from which it is viewed or from where the light highlights it. The paint is suitably used to re-paint automobiles or as a high-design paint for new vehicles and designer racing cars.
Latin America Automotive Paints market report gives comprehensive outlook on Automotive Paints across the globe with special emphasis on key countries such as Brazil, Mexico, Argentina, Venezuela and Rest of Latin America. The report on Latin America market gives historical, current, and future market sizes (US$ Mn) on the basis of technology, resin type, texture, paint type, vehicle type and region. This report studies Latin America market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Latin America market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Latin America Automotive Paints market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America Automotive Paints products.
The Latin America automotive paints market is expected to witness surge in demand over the forecast period owing to factors such as stringent government regulations and increasing environmental awareness. The automotive paints market is emerging in terms of color options, durability, and reliability. Automotive paints act as a protective coat and provide an ambient appearance, which is expected to accelerate the market growth over the next six years. Various regulations regarding non-VOC paints have triggered the automotive paints market demand leading to the introduction of waterborne coats, which are expected to replace the solvent-borne coats. Advanced coating solutions are manufactured and delivered by the automotive paint companies to the vehicle manufacturers owing to the extreme government regulations. These innovations reduce the overall cost and time required per vehicle unit through controlled paint shop emissions, which is expected to spur basecoats demand in the automotive paints market. The environmental impact of paint is diverse. Traditional painting materials and processes can have harmful effects on the environment, including those from the use of lead and other additives. Measures should be taken to reduce environmental impact, including accurately estimating paint quantities so waste is minimized, and use of environmentally preferred paints, coating, painting accessories, and techniques. The primary source of hazardous waste from automotive plants is again from paint processes. Although much material is recovered, this waste is typically around 25 percent of a plant’s total hazardous waste by weight.
Brazil accounted for larger revenue share in Latin America Automotive Paints market with considerable CAGR. Global sales of automotive paint is also increasing owing to rising production of vehicles coupled with robust growth of automotive sector in countries such as Brazil. In addition, growing trends of automotive restorations and refurbishing is likely to reflect favorably on the sales prospect of automotive paints in the aftermarket vertical.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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By Technology |
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By Resin Type |
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By Texture |
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By Paint Type |
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The Latin America Automotive Paints Market market size was valued US$ XX Mn in 2023 and poised to grow at significant CAGR over 2024-2030
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2. Latin America Automotive Paints Market Introduction |
| 2.1. Latin America Automotive Paints Market - Taxonomy |
| 2.2. Latin America Automotive Paints Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Resin Type |
| 2.2.3. Texture |
| 2.2.4.Paint Type |
| 2.2.5.Country |
| 3. Latin America Automotive Paints Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Latin America Automotive Paints Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Latin America Automotive Paints Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Waterborne |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solvent-Borne |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Powder Coating |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Latin America Automotive Paints Market By Resin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Epoxy |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Acrylic |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polyurethane |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Other Resins |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Latin America Automotive Paints Market By Texture, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Solid Texture |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Metallic Texture |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Matte Finish Paints |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Pearlescent Paints |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Solar Reflective Paint |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Latin America Automotive Paints Market By Paint Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Primer |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Basecoa |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Electrocoat |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Clearcoat |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Latin America Automotive Paints Market By Country, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Latin America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Brazil |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Mexico |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Rest of LA |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 10.Latin America Latin America Automotive Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Waterborne |
| 10.1.2.Solvent-Borne |
| 10.1.3.Powder Coating |
| 10.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Epoxy |
| 10.2.2.Acrylic |
| 10.2.3.Polyurethane |
| 10.2.4.Other Resins |
| 10.3. Texture Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Solid Texture |
| 10.3.2.Metallic Texture |
| 10.3.3.Matte Finish Paints |
| 10.3.4.Pearlescent Paints |
| 10.3.5.Solar Reflective Paint |
| 10.4. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Primer |
| 10.4.2.Basecoa |
| 10.4.3.Electrocoat |
| 10.4.4.Clearcoat |
| 11.Brazil Latin America Automotive Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Waterborne |
| 11.1.2.Solvent-Borne |
| 11.1.3.Powder Coating |
| 11.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Epoxy |
| 11.2.2.Acrylic |
| 11.2.3.Polyurethane |
| 11.2.4.Other Resins |
| 11.3. Texture Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Solid Texture |
| 11.3.2.Metallic Texture |
| 11.3.3.Matte Finish Paints |
| 11.3.4.Pearlescent Paints |
| 11.3.5.Solar Reflective Paint |
| 11.4. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Primer |
| 11.4.2.Basecoa |
| 11.4.3.Electrocoat |
| 11.4.4.Clearcoat |
| 12.Mexico Latin America Automotive Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Waterborne |
| 12.1.2.Solvent-Borne |
| 12.1.3.Powder Coating |
| 12.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Epoxy |
| 12.2.2.Acrylic |
| 12.2.3.Polyurethane |
| 12.2.4.Other Resins |
| 12.3. Texture Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Solid Texture |
| 12.3.2.Metallic Texture |
| 12.3.3.Matte Finish Paints |
| 12.3.4.Pearlescent Paints |
| 12.3.5.Solar Reflective Paint |
| 12.4. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Primer |
| 12.4.2.Basecoa |
| 12.4.3.Electrocoat |
| 12.4.4.Clearcoat |
| 13.Rest of LA Latin America Automotive Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Waterborne |
| 13.1.2.Solvent-Borne |
| 13.1.3.Powder Coating |
| 13.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Epoxy |
| 13.2.2.Acrylic |
| 13.2.3.Polyurethane |
| 13.2.4.Other Resins |
| 13.3. Texture Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Solid Texture |
| 13.3.2.Metallic Texture |
| 13.3.3.Matte Finish Paints |
| 13.3.4.Pearlescent Paints |
| 13.3.5.Solar Reflective Paint |
| 13.4. Paint Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Primer |
| 13.4.2.Basecoa |
| 13.4.3.Electrocoat |
| 13.4.4.Clearcoat |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.3M |
| 14.2.2.Valspar |
| 14.2.3.Solvay S.A |
| 14.2.4.Royal DSM NV |
| 14.2.5.PPG Industries |
| 14.2.6.Nippon |
| 14.2.7.DuPont |
| 14.2.8.Clariant Ag |
| 14.2.9.Beckers |
| 14.2.10.BASF SE |
| 14.2.11.Axalta Coatings Systems |
| 14.2.12.Akzonobel NV |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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