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South and Central America Decorative Paints Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Water Based and Solvent Based) and Application (Residential and Non-Residential)

Code: TIPRE00019405 | Pages: 110 | Industry: Chemicals and Materials | Date: Feb 2021
Covid

South and Central America Decorative Paints Market Forecast to 2027 – Covid-19 Impact and Analysis - By Type (Water Based and Solvent Based), and Application (Residential and Non-Residential)

Number of Pages: 110

Market Introduction

The market in the SAM region consists of several developed and developing economies, such as Brazil, Argentina, and the rest of South America. Various domestic and international companies have a strong foothold in the South American region. The region is contributing to the growth of the decorative paints market in relation to the diversification of consumer base due to surging demand for advanced form of visual arts. Growing expenditure on the paints and coatings products along with rising disposable income and shift in consumer lifestyle are some of the key factors driving the decorative paints market in South America. Further, rising use of such paints across residential and commercial buildings. Moreover, rising investments by major players to optimize the supply chain and enhanced operations are expected to boost the decorative paints market growth in the coming years. The continuous developments have had a positive impact on the economy of Brazil and Argentina that have advanced to a large extent.

Market Overview and Dynamics

The Decorative paints market in South and Central America is expected to grow from US$ 4,077.68 million in 2019 to US$ 5,816.94 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027. Decorative paints are defined as acrylic paints which helps to impart aesthetic design and distinctive texture in interior and exterior applications. The demand for decorative paints is rising growing with the change in consumer living patterns and growing focus over appearance of home, office, complexes, and other such spaces. With the growth of paints and coatings industry, the application of decorative paints in infrastructural and architectural sector has been recognized to be of utmost significance as they help to embellish both exterior and interior spaces of a building. Such paints are embedded with matte finish along with eggshell, gloss or satin finish and much more which helps to provide unique artistic pieces. Additionally, such paints are known for their functional characteristics such as light absorption and reflection, heat insulation, low VOC and others.

As of August 2020, Brazil has the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken multiple actions to protect their citizens and contain the spread of the infection. South America is likely to face lower export revenues, due to the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are their important trade partners. Containment measures in several countries of South America would reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is under check.

Key Market Segments

In terms of type, water-based decorative paints segment accounted for the largest share of the South and Central America Decorative paints market. In 2019 In terms of application, residential segment held the largest market share.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the South and Central America Decorative paints market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Acuario Paints, Akzo Nobel N.V., BASF SE, Dow Inc., Hempel A/S, Jotun, PPG Industries Inc., RPM International Inc, Sinteplast and The Sherwin-Williams Company,

Reasons to Buy Report

  • Understand the South and Central America Decorative paints market landscape and identify segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive market landscape in South and Central America
  • Efficiently plan mergers and acquisitions, and partnership deals in the South and Central America Decorative paints market by identifying market segments with the most promising probable sales
  • Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
  • Obtain market revenue forecast for market by various segments for the period 2019–2027

South and Central America Decorative paints Market Segmentation

South and Central America Decorative paints market, by Type

  • Water Based
  • Solvent Based

South and Central America Decorative Paints Market, by Application

  • Residential
  • Non-Residential

South and Central America Decorative paints market – by Country

    • Brazil
    • Colombia
    • Ecuador
    • Argentina
    • Panama
    • Costa Rica
    • South and Central America

 

Company Profiles

  • Acuario Paints
  • Akzo Nobel N.V.
  • BASF SE
  • Dow Inc.
  • Hempel A/S
  • Jotun
  • PPG Industries Inc.
  • RPM International Inc
  • Sinteplast
  • The Sherwin-Williams Company,

 

 

 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Decorative Paints Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        South and Central America

4.3         Expert Opinion

5.           Decorative Paints Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growth in the Construction Industry

5.1.2        High Demand of Water based Paints

5.2         Market Restraints

5.2.1        Hazardous Effects of Lead in Paints along with High cost of Raw Material

5.3         Market Opportunities:

5.3.1        Rising focus over sustainability

5.4         Future Trends:

5.4.1        Technological advancement along with New Product Development

5.5         Impact Analysis of Drivers and Restraints

6.           Decorative Paints– South and Central Market Analysis

6.1         Decorative Paints Market Overview

6.2         Decorative Paints Market–Revenue and Forecast to 2027 (US$ Mn)

6.3         Competitive Positioning – Key Market Players

7.           South and Central America Decorative Paints Market Analysis – By Type

7.1         Overview

7.2         South and Central America Decorative Paints Market Breakdown, By Type, 2019 & 2027

7.3         Water Based Decorative Paints

7.3.1        Overview

7.3.2        Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

7.4         Solvent Based Decorative Paints

7.4.1        Overview

7.4.2        Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

8.           South and Central America Decorative Paints Market Analysis – By Application

8.1         Overview

8.2         South and Central America Decorative Paints Market Breakdown, By Application, 2019 & 2027

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

8.4         Non-Residential

8.4.1        Overview

8.4.2        Non-Residential: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

9.           Decorative Paints Market – Regional Analysis

9.1         South and Central America: Decorative Paints Market

9.1.1        South and Central America: Decorative Paints Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2        South and Central America: Decorative Paints Market, by Key Country

9.1.2.1          Brazil: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.1.1          Brazil: Decorative Paints Market, by Type

9.1.2.1.2          Brazil: Decorative Paints Market, by Application

9.1.2.2          Argentina: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.2.1          Argentina: Decorative Paints Market, by Product Type

9.1.2.2.2          Argentina: Decorative Paints Market, by Application

9.1.2.3          Colombia: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.3.1          Colombia: Decorative Paints Market, by Product Type

9.1.2.3.2          Colombia: Decorative Paints Market, by Application

9.1.2.4          Ecuador: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.4.1          Ecuador: Decorative Paints Market, by Product Type

9.1.2.4.2          Ecuador: Decorative Paints Market, by Application

9.1.2.5          Panama: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.5.1          Panama: Decorative Paints Market, by Product Type

9.1.2.5.2          Panama: Decorative Paints Market, by Application

9.1.2.6          Costa Rica: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.6.1          Costa Rica: Decorative Paints Market, by Product Type

9.1.2.6.2          Costa Rica: Decorative Paints Market, by Application

9.1.2.7          Rest of South and Central America: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

9.1.2.7.1          Rest of South and Central America: Decorative Paints Market, by Product Type

9.1.2.7.2          Rest of South and Central America: Decorative Paints Market, by Application

10.        Impact of COVID-19 Pandemic on Decorative Paints Market

10.1      Overview

10.2      South America: Impact assessment of COVID-19 Pandemic

11.        Key Company Profiles

11.1      Acuario Paints

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Service

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.2      BASF SE

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.3      The Sherwin-Williams Company

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      Akzo Nobel N.V.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.5      Dow Inc.

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.6      PPG Industries, Inc.

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.7      Jotun

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.8      RPM International, Inc.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.9      Sinteplast

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.10   Hempel A/S

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary

 


LIST OF TABLES

Table 1.             Decorative Paints Market –Revenue and Forecast to 2027 (US$ Mn)

Table 2.             Brazil Decorative Paints Market, by Type – Revenue and Forecast to 2027 (USD Million)

Table 3.             Brazil Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 4.             Argentina Decorative Paints Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 5.             Argentina Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 6.             Colombia Decorative Paints Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 7.             Colombia Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 8.             Ecuador Decorative Paints Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 9.             Ecuador Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 10.          Panama Decorative Paints Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 11.          Panama Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 12.          Costa Rica Decorative Paints Market, by Product Type – Revenue and Forecast to 2027 (USD Million)

Table 13.          Costa Rica Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 14.          Rest of South and Central America Decorative Paints Market, by Revenue and Forecast to 2027 (USD Million)

Table 15.          Rest of South and Central America Decorative Paints Market, by Application – Revenue and Forecast to 2027 (USD Million)

Table 16.          Glossary of Terms, South America & Central America Decorative Paints Market

 


LIST OF FIGURES

Figure 1.           Decorative Paints Market Segmentation

Figure 2.           Decorative Paints Market Segmentation – By Country

Figure 3.           South and Central America Decorative Paints Market Overview

Figure 4.           Residential Segment Held Largest Share of South and Central America Decorative Paints Market

Figure 5.           Brazil Held Largest Share of South and Central America Decorative Paints Market

Figure 6.           South and Central America Decorative Paints Market, Industry Landscape

Figure 7.           South and Central America PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Decorative Paints Market Impact Analysis of Driver and Restraints

Figure 10.        Geographic Overview of Decorative Paints Market

Figure 11.        Decorative Paints Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 12.        South and Central America Decorative Paints Market Breakdown, By Type, 2019 & 2027

Figure 13.        Water Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        Solvent Based Decorative Paints: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        Decorative Paints Market Breakdown, By Application, 2019 & 2027 (%)

Figure 16.        Residential: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        Non-Residential: Decorative Paints Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        South and Central America: Decorative Paints Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        South and Central America: Decorative Paints Market Revenue Share, by Key Country (2019 and 2027)

Figure 20.        Brazil: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Argentina: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 22.        Colombia: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Ecuador: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Panama: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Costa Rica: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of South and Central America: Decorative Paints Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - South and Central America Decorative Paints Market

  1. Acuario Paints
  2. BASF SE
  3. The Sherwin-Williams Company
  4. Akzo Nobel N.V
  5. Dow Inc.
  6. PPG Industries, Inc
  7. Jotun
  8. RPM International, Inc.
  9. Sinteplast
  10. Hempel A/S

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the South and Central America Decorative Paints Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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