The Latin America market for acrylic resin dispersion-based primers in construction offers several benefits. These primers improve adhesion, increase coating durability, and protect against moisture and UV damage. The dominating segment for these primers is the residential and commercial construction sector, where they are used extensively on interior and exterior surfaces. They contribute to longer-lasting, visually appealing finishes while providing protection against harsh weather conditions, making them indispensable in the construction industry across Latin America.
According to Data Bridge Market Research, the Latin America Acrylic Resin Dispersion Based Primers in Construction Market were valued at USD 104.40 million in 2021 and are expected to reach USD 160.22 million by 2029, registering a CAGR of 5.50% during the forecast period of 2022-2029.
“Technological advancements boost the market’s growth”
Technological advancements are a key driver in the Latin America acrylic resin dispersion-based primers market for construction. These innovations have led to the development of high-performance primers that offer enhanced adhesion, durability, and environmental sustainability. As construction practices evolve and become more sophisticated, the demand for advanced primers grows. These products align with the industry's need for efficient and long-lasting surface preparations, making technological advancements a pivotal force in shaping the Latin American construction primer market.
What restraints the growth of the Latin America acrylic resin dispersion based primers in the construction market?
“Stringent approval process restraints the market’s growth”
The Latin America acrylic resin dispersion-based primers market faces a constraint due to the stringent approval process. Regulatory authorities often require extensive testing and certification for construction products. This prolonged approval process can delay product launches and market entry, increasing costs for manufacturers. Additionally, it poses challenges in meeting rapidly changing construction demands. Overcoming these regulatory hurdles is crucial for manufacturers to effectively navigate the Latin American construction primer market and capitalize on its potential.
Segmentation: Latin America Acrylic Resin Dispersion Based Primers in Construction Market
The Latin America acrylic resin dispersion based primers in construction market are segmented on the basis of material, application, type, and end use.
- On the basis of material, Latin America acrylic resin dispersion based primers in construction market is segmented into absorbent substrate, and non-absorbent substrate.
- On the application, Latin America acrylic resin dispersion based primers in construction market is segmented into before interior paints, before skim coats and renders, before thermal insulation façade system, under-self levelling compounds, under tile adhesives, and in dry wall system on gypsum boards.
- On the basis type, Latin America acrylic resin dispersion based primers in construction market are segmented into water based, solvent based.
- On the basis of end use, Latin America acrylic resin dispersion based primers in construction market are segmented into new residential construction, new non-residential construction, new civil engineering, civil engineering renovation, non-residential renovation, and residential renovation.
Regional Insights: U.S.dominates the Latin America Acrylic Resin Dispersion Based Primers in Construction Market
The U.S. maintains a commanding position in market share and revenue, driven by the widespread utilization of acrylic resins in diverse regional applications. Furthermore, the expanding commercial construction sector in the region is poised to provide additional avenues for growth. The combination of versatile resin usage and robust commercial construction services is set to sustain the U.S.'s dominance in the market, fostering continued market expansion and opportunities within the nation.
Mexico is projected to experience significant growth from 2022 to 2029, driven by a surge in demand for residential construction. The country's expanding population and urbanization contribute to this trend. The need for housing and infrastructure to accommodate the growing populace creates favorable conditions for the construction sector, making it a lucrative market for residential construction during the forecast period.
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Recent Development
- In 2021, Axalta Coating Systems introduced the Cromac XP, a novel solvent-borne base coat product. This move aimed to enhance their product portfolio and introduce more efficient solutions to boost production and revenue. Axalta's strategic focus on innovation and diversification is geared towards meeting the market's evolving needs while driving growth and financial success for the company.
The Prominent Key Players Operating in the Latin America Acrylic Resin Dispersion Based Primers in Construction Market Include:
- PPG Industries, Inc. (U.S.)
- Axalta (U.S.)
- Henkel Adhesives Technologies India Private Limited (Germany)
- The Sherwin-Williams Company (U.S.)
- Sika Deutschland GmbH (Germany)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Akzo Nobel N.V. (Netherlands)
- Hempel A/S (Denmark)
- Baumit (Germany)
- ATLAS Sp. z o.o. (Poland)
- Rust-Oleum (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Latin America acrylic resin dispersion based primers in construction market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Latin America Acrylic Resin Dispersion Based Primers in Construction Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
