PPG Industries, Inc., Axalta Coating Systems, LLC and The Sherwin-Williams Company are Dominating the Latin America Primers in Construction Market in 2021

Latin America Primers in Construction Market is expected to grow with the CAGR of 7.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Latin America primers in construction market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Latin America primers in construction market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In November 2020, PPG Industries, Inc. launched a new marine coating system named AAQUACOVER. The product was specifically manufactured in the company’s Asia-Pacific research and development (R&D) and launched exclusively for China. The new product is a water-based and environmentally friendly product that would help to achieve substantial growth in the Chinese marine protection coatings market.

PPG Industries, Inc., is the dominating player in the market and the other players in the market are The Sherwin-Williams Company, AKZO NOBEL N.V, RPM International Inc., Axalta Coating Systems, LLC, BASF SE, Jotun, Kansai Paint Co., Ltd., Henkel AG & Co. KGaA, Tikkurila, Hempel A/S and Nippon Paint Holdings Co., Ltd. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

PPG Industries, Inc.

PPG Industries, Inc. headquartered in Pennsylvania, U.S. which was founded in 1883 as public company. The company engaged in manufacture and sales of numerous type of coatings used in varied industries such Interior Paint, Exterior Paint, Exterior Stain, Industrial, Adhesives & Sealants, Interior Stain, Universal, Specialty, Primer of which our focused product category is Primer. The company has wide global presence Asia-Pacific, North America, Latin America, Europe, Middle East and Africa, and owns many subsidiaries such as PPG Industries International, Inc. (Hong Kong), PPG Industries Europe Sàrl (Switzerland), PPG Industrial do Brasil - Tintas e Vernizes - Ltda. (Brazil), PPG Architectural Finishes, Inc (U.S.) among others.

For instance.

• In November 2020, PPG Industries, Inc. introduced a new powder coating named ENVIROCRON, a heat-sensitive powder coating specifically for woods and composites such as medium-density fiberboard (MDF), hardwood and plywood that are sensitive to heat. The new products expand the product portfolio of the company as well as helps in its revenue growth.

Axalta Coating Systems, LLC

Axalta Coating Systems, LLC, headquartered in Philadelphia, U.S. and it was founded in year 1866 as public owned company. The company focuses on the production of colorful and innovative coating solutions to its customer with sustainability as its prime goal. The company offers wide range of product categories such as Transportation Coatings, Light Vehicle OEMs, Transportation Coatings: Commercial Vehicles, Performance Coatings: Industrial Applications, Performance Coatings: Refinish and Aftermarket in which Performance Coatings and Industrial Applications is market focused category. The company has presence in Asia-Pacific, North America, Latin America and Europe and owns several subsidiaries namely Spies Hecker GmbH (Germany), Dura Coat Products, Inc.(U.S.), Ellis Paint Company (U.S.), Century Industrial Coatings, Inc.(U.S.), among others.

For instance,

• In January 2021, Axalta Coating Systems, LLC launched two new products named Imron Elite ColorPLUS and Imron Elite Direct-to-Plastic basecoat. These products find widespread applications in surface painting and company expects to improve its product line related to automobile coating solution with the launch of these two new products.

The Sherwin-Williams Company

The Sherwin-Williams Company is headquartered in Ohio, U.S. The company is a publicly owned company, which was founded in 1866. The company is a leading manufacturer of coating and related products across the globe and is focused on manufacturing the respective products with sustainability as its primary concern. The company sells Paints, Stains, Colors & Supplies and Industrial Coatings out of which Paints, Stains, Colors & Supplies is market focused category. The company has wide global presence in Asia-Pacific, North America, South America, Europe, Middle East and Africa and owns several subsidiaries such as Valspar (U.S.), Minwax (U.S.), Ronseal (U.K.), Sayerlack (Italy).

For instance,

• In February 2020, The Sherwin-Williams Company announced a USD 600.00 million plan to expand its structural resources by building a new global headquarter in Cleveland along with a new R&D facility. With this expansion, the company expects to improve its revenue and market reach, particularly in the North American region.