IRL has launched a new edition of
its regional title “A Profile of the South
American Paint Industry.” This fully updated report provides market data for
2013 and forecasts for 2018, and gives
an overview of the paint industry trends
across 10 countries in the region.
The total market for paints and coatings in South America was more than
2.9 million tons in 2013, and is forecast
to rise to more than 3. 8 million ton by
2018. This is equivalent to an average
annual growth rate of 5. 6 percent.
On a country-by-country basis, Brazil
is by far the largest national market, accounting for nearly 60 percent of total
demand. Bolivia, Paraguay and Uruguay
are very small by comparison. All countries are predicted to enjoy good growth
rates over the forecast period, in particular the developing market of Bolivia
(from a very small base) and the dynamic
market of Brazil. Brazil will be hosting
the Football World Cup in summer 2014
and the Olympic Games in 2016, both
of which have stimulated demand for all
types of paints and coatings.
Architectural and decorative coatings for consumer and professional uses
account for some three quarters of the
American market overall, although this
proportion varies from country to coun-try. Growth is forecast to be highest in
the architectural and general industrial
segments. This is influenced by growth
in the dominant market of Brazil, where
significant investment in infrastructure is
currently taking place.
Growth in the marine and protective
coatings segment is being boosted by developments in the oil and gas sector, particularly in Brazil where there is currently
extensive activity in the area of deep water oil reserves.
“A Profile of the South American Paint
Industry” gives an insight into the market
changes in the past few years as well as
outlining the key trends affecting the dec-
orative and industrial coatings segments
for each individual country covered.
The scope of the study covers Argentina,
Bolivia, Brazil, Chile, Colombia, Ecuador,
Paraguay, Peru, Uruguay and Venezuela.
It provides 2013 market data on nine
mainstream paints and coatings seg-
ments: architectural/decorative, indus-
trial wood coatings, protective coatings,
marine coatings, automotive OEM coat-
ings, automotive refinishes, powder
coatings, general industrial coatings and
plastic coatings. Forecasts on these are
also presented for the year 2018. The cost
of the full report is € 3,750.
Egyptian Paints & Coatings
Market Value to Reach LE
4. 90 B in 2018
The increasing demand for affordable
housing, robust infrastructure, and other
public amenities among the younger generation is fuelling the market for paints
and coatings in Egypt. Nearly 65 percent
of Egypt’s population is in the 15 to 59
age bracket. This young demographic is driving the demand for housing.
Furthermore, the growing trend towards
nuclear families is fuelling real estate development, in turn boosting the prospects
of paint and coating manufacturers in the
country. Manufacturers should roll out
optimally-priced products that are high
on performance to fully exploit these
developments.
New analysis from Frost & Sullivan,
Analysis of the Egyptian Paints and
Coatings Market, finds that the market
earned revenues of LE 3. 93 billion in
2013 and estimates this to reach LE 4. 90
billion in 2018 at a compound annual
growth rate of 4. 5 per cent. The study
covers decorative paints as well as automotive, marine, wood and industrial protective coatings.
“Over the next few years, the govern-
ment-subsidiszed LE 120 billion proj-
ect – which aims at constructing one
million residential units in 14 cities and
other governorates across Egypt – will
drive the uptake of paints and coatings
in the country,” said the Frost & Sullivan
Chemicals & Materials Research Analyst.
“The resumption of several other private
and Government-funded projects will
also aid market development.”
However, abating tourism and the fall
in foreign investments in the Egyptian
economy due to continual violent politi-
cal clashes between the Government and
the opposition are lowering market po-
tential. Devaluation of the national cur-
rency is also holding back the market as
more than 55 percent of raw materials
used by this industry are imported.
Despite the negative short-term out-
look, the market holds strong potential.
Egypt is the largest manufacturer and
consumer of paints and coatings in the
North African region. In addition to the
strong demand for decorative paints an-
ticipated from the residential construc-
tion sector, local and foreign investment
is expected to regain momentum in the
coming years.
“As the economy recovers, market
participants will shift their focus from
traditional paints and coatings towards
green products,” noted the analyst. “The
industrial paints and coatings segment
too will show exponential growth from
2016 onwards, with demand being driven
by the newly planned infrastructure de-
velopment activities as well as demand
from projects that are currently stalled.”
Analysis of the Egyptian Paints and
Coatings Market is part of the Chemicals
& Materials Growth Partnership Service
program. Frost & Sullivan’s related stud-
ies include: Global Advanced Aerospace
Coatings Market, Indian Automotive
Coatings Market, Protective and Marine
Coatings Market and the Resins Markets,
and Fluoropolymer Powder Coatings
Market in North America. All studies in-
cluded in subscriptions provide detailed
market opportunities and industry trends
evaluated following extensive interviews
with market participants. CW
IRL Profiles the South American Paint Industry
