Latin America Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin American Paints and Coatings Market Report is Segmented by Resin Type (Acrylic, Alkyd, Polyurethane, Epoxy, Polyester, and Other Resin Types), Technology (Water-Borne, Solvent-Borne, Powder Coating, and UV-Cured), End-User (Architectural, Automotive, Wood, Protective Coatings, General Industrial, Transportation, and Packaging), and Geography (Brazil, Argentina, Colombia, Chile, Peru, Mexico, and Rest of Latin America). The Report Offers Market Size and Forecasts in Terms of Revenue (USD) for all the Above Segments.

Latin America Paints and Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin America Paints And Coatings Market Size

View Global Report
Latin America Paints And Coatings Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 8.74 Billion
Market Size (2030) USD 11.15 Billion
CAGR (2025 - 2030) 5.00 %
Market Concentration Medium

Major Players

Latin America Paints And Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America Paints And Coatings Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Latin America Paints And Coatings Market Analysis

The Latin America Paints And Coatings Market size is estimated at USD 8.74 billion in 2025, and is expected to reach USD 11.15 billion by 2030, at a CAGR of greater than 5% during the forecast period (2025-2030).

In 2020, the COVID-19 pandemic had a detrimental effect on the market due to the halt in construction and industrial activities. However, the market is currently estimated to be at pre-pandemic levels, and it is expected to grow steadily in the future.

  • During the forecast period, the growth of the market is expected to be driven by the growth in the construction industry and the increasing demand from the automotive sector.
  • The stringent regulations imposed by the government related to VOC emissions are expected to hinder the growth of the market.
  • During the forecast period, the market is likely to have a chance to take advantage of the growing demand for bio-based and environmentally friendly paints and coatings.

Latin America Paints And Coatings Industry Overview

The Latin American paints and coatings market is partially consolidated in nature. Some of the major companies in the market include PPG Industries Inc., Akzo Nobel NV, Jotun, Axalta Coating Systems, and The Sherwin-Williams Company.

Latin America Paints And Coatings Market Leaders

  1. PPG Industries, Inc.

  2. Akzo Nobel N.V.

  3. Jotun

  4. Axalta Coating Systems

  5. The Sherwin-Williams Company

  6. *Disclaimer: Major Players sorted in no particular order
Latin America Paints And Coatings Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Latin America Paints And Coatings Market News

  • February 2024: INEOS Automotive and BASF’s Coatings division signed an agreement on a global automotive refinish body and paint development to commit to a long-term strategic collaboration to exceed the industry standard in vehicle body repair and paint refinish. The partnership includes the supply of sustainable refinish solutions, expertise, and the latest digital color-matching solutions and training.
  • September 2023: PPG Industries Inc. expanded its powder coatings plant in Sumaré, Brazil. The project to increase the production capacity of the facility by 40% cost around USD 2.7 million.

Latin America Paints And Coatings Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Construction Industry in Major Economies of Latin America
    • 4.1.2 Increasing Demand From the Automotive Sector
  • 4.2 Restraints
    • 4.2.1 Stringent Regulations Related to VOC Emissions
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Resin Type
    • 5.1.1 Acrylics
    • 5.1.2 Epoxy
    • 5.1.3 Alkyd
    • 5.1.4 Polyester
    • 5.1.5 Polyurethane
    • 5.1.6 Other Resin Types
  • 5.2 Technology
    • 5.2.1 Water-borne
    • 5.2.2 Solvent-borne
    • 5.2.3 Powder Coating
    • 5.2.4 UV-cured
  • 5.3 End-user Industry
    • 5.3.1 Architectural
    • 5.3.2 Automotive
    • 5.3.3 Wood
    • 5.3.4 Industrial
    • 5.3.5 Transportation
    • 5.3.6 Packaging
  • 5.4 Geography
    • 5.4.1 Brazil
    • 5.4.2 Argentina
    • 5.4.3 Colombia
    • 5.4.4 Chile
    • 5.4.5 Peru
    • 5.4.6 Mexico
    • 5.4.7 Rest of Latin America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) **/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Akzo Nobel NV
    • 6.4.2 Axalta Coating Systems
    • 6.4.3 BASF SE
    • 6.4.4 Jotun
    • 6.4.5 Lanco Paints
    • 6.4.6 Pintuco SA
    • 6.4.7 PPG Industries Inc.
    • 6.4.8 Renner Herrmann SA
    • 6.4.9 The Sherwin William Company
    • 6.4.10 WEG Coatings
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increase in the Demand for Bio-based and Eco-friendly Paints and Coatings
**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Latin America Paints And Coatings Industry Segmentation

Paints and coatings are a homogeneous mixture of pigments, binders, and additives, which are applied to form a thin layer of the solid film once polymerization or evaporation occurs. Paints and coatings are used in various applications ranging from commercial ones, such as office buildings, warehouses, retail convenience stores, and shopping malls, to residential ones.

Latin America's paints and coatings market is segmented by resin type, technology, end user, and geography. By resin, the market is segmented into acrylic, alkyd, polyurethane, epoxy, polyester, and other resin types (phenolic, thermoplastic, etc.). By technology, the market is segmented into water-borne, solvent-borne, powder-coating, and UV-cured. By end user, the market is segmented into architectural, automotive, wood, industrial, transportation, and packaging. The report also covers the market size and forecasts in six countries across the region. For each segment, the market sizing and forecasts were made based on value (USD).

Resin Type Acrylics
Epoxy
Alkyd
Polyester
Polyurethane
Other Resin Types
Technology Water-borne
Solvent-borne
Powder Coating
UV-cured
End-user Industry Architectural
Automotive
Wood
Industrial
Transportation
Packaging
Geography Brazil
Argentina
Colombia
Chile
Peru
Mexico
Rest of Latin America
Need A Different Region or Segment?
Customize Now

Latin America Paints And Coatings Market Research FAQs

How big is the Latin America Paints And Coatings Market?

The Latin America Paints And Coatings Market size is expected to reach USD 8.74 billion in 2025 and grow at a CAGR of greater than 5% to reach USD 11.15 billion by 2030.

What is the current Latin America Paints And Coatings Market size?

In 2025, the Latin America Paints And Coatings Market size is expected to reach USD 8.74 billion.

Who are the key players in Latin America Paints And Coatings Market?

PPG Industries, Inc., Akzo Nobel N.V., Jotun, Axalta Coating Systems and The Sherwin-Williams Company are the major companies operating in the Latin America Paints And Coatings Market.

What years does this Latin America Paints And Coatings Market cover, and what was the market size in 2024?

In 2024, the Latin America Paints And Coatings Market size was estimated at USD 8.30 billion. The report covers the Latin America Paints And Coatings Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Paints And Coatings Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Paints And Coatings Industry Report

Statistics for the 2025 Latin America Paints And Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Paints And Coatings analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.