Charles W. Thurston and Kerry Pianoforte, Coatings World
According to the ChemQuest Group’s most recent report, “Global Paint and Coatings Industry Market Analysis (2015 – 2020),” the countries of Latin America collectively represent approximately 8 percent of volume and 7 percent
of value of the total global coatings market for 2015. Of its
more than 25 countries, four make up approximately 80 percent of the total coatings demand. These are Argentina, Brazil,
Colombia and Mexico, although market growth varies by country and segment.
The ChemQuest Group estimated that total sales of coat-
ings in Latin America were $9.9 billion in 2015, on a volume of
approximately 3. 5 billion liters. Over the last five years, volume
has grown by an average annual rate of 2.4 percent, while value
has grown by a yearly average rate of 2.5 percent.
Brazil accounts for 38 percent by volume and 31 percent of
its value for the total Latin American coatings market. However,
it has functioned at a slower pace than that of the region as a
whole, its volume growing at 0.1 percent per year rate while its
value declining by 2.9 percent annually.
Small improvements in markets like Latin America are good
news for the paint and coatings market overall. Paint and coatings demand slowed last year as the regional economy shrank by
State of the Brazil
Paint and Coatings Industry
Brazil’s largest segments are decorative, industrial maintenance, automotive refinish,
transportation and general industrial.
2015 Value 2015 Volume
Total Global Coatings Value= US $141 billion
Total Global Coatings Volume= US $41 billion liters
Figure 16-1: Latin America as Part of the Total Coatings Market (2015)- Source: The ChemQuest Group, Inc. estimates
MEA 6%
Latin America 7%
Other CA
0.4%
Colombia
0.4%
MEA 7%
Latin America 8%
Other CA
0.6%
Colombia
0.4%
ABRAFATI 2017: SPECIAL COVERAGE
