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Press Release

Jan, 24 2024

Protective Coatings: A Cost-Efficient Shield against Deterioration, Curtailing Maintenance Expenses and Enhancing Long-Term Asset Durability in Industrial Sectors

Protective coatings reduce maintenance costs by acting as a barrier against deterioration and environmental degradation. In industries susceptible to wear and tear, corrosion, or harsh conditions, these coatings provide a protective shield, preventing damage to equipment and structures. By forming a resilient barrier, they minimize the need for frequent repairs and maintenance interventions. This becomes especially crucial in sectors where downtime can result in substantial financial losses.

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Data Bridge Market Research analyses the South America Protective Coating Market, which was USD 1,961.14 million in 2022, is expected to reach up to USD 2,503.68 million by 2030, and is expected to undergo a CAGR of 3.10% during the forecast period of 2023 to 2030. The surge in industrialization across South America, particularly in manufacturing, oil and gas, and petrochemical sectors, is a key driver for the region's protective coating market. The heightened industrial activities drive demand for coatings that safeguard equipment, pipelines, and structures against corrosion, abrasion, and harsh chemical exposure, contributing to the growth of the protective coating market in the region.

Key Findings of the Study

 South America Protective Coating Market

Rising automotive sector is expected to drive the market's growth rate

The growth of the automotive sector is a significant driver for the South America protective coating market. As the automotive industry expands in the region, there is a heightened demand for vehicle protective coatings. These coatings ensure corrosion resistance, enhance durability and provide an appealing aesthetic finish. With consumers increasingly expecting high-quality finishes, protective coatings play a pivotal role in meeting these expectations. The automotive sector's expansion fuels the demand for coatings and underscores the importance of protective solutions in preserving the longevity and visual appeal of vehicles in South America.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Tons, and Pricing in USD

Segments Covered

Type (Inorganic Coating and Organic Coating), Product Type (Acrylic, Epoxy, Polyester, Polyurethane, Alkyd, Vinyl Esters, and Others), Manufacturing Process (Mechanical Method, Chemical Method, and Electrochemical Method), Technology (Solvent-Borne, Water-Borne, Powder Coating, UV-Cured, and Others), Application (Pigments, Specialized Resins, Fillers, and Others), End-User (Building and Construction, Aerospace, Automotive, Industrial, Marine, Oil and Gas, Power Generation, Mining, and Others)

Countries Covered

Brazil, Argentina, Colombia, Peru, and the rest of South America

Market Players Covered

Exxon Mobil Corporation (U.S.), PPG Industries (U.S.), BASF SE (Germany), OQ SAOC (Oman), WACKER CHEMIE AG (Germany), SASOL SA (South Africa), Merck KGaA (Germany), Eastman Chemical Company (U.S.), Renner Coatings (Brazil), ARKEMA (France), Axalta Coating Systems, LLC (U.S.), Huntsman International LLC (U.S.), SIKA AG (Switzerland), The Sherwin-Williams Company (U.S.), and H.B. Fuller Company (U.S.)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis:

The South America protective coating market are segmented on the basis of the type, product type, manufacturing process, technology, application, and end-user.

  • On the basis of type, the South America protective coating market is segmented into inorganic coating and organic coating
  • On the basis of product type, the South America protective coating market is segmented into acrylic, epoxy, polyester, polyurethane, alkyd, vinyl esters, and others
  • On the basis of manufacturing process, the South America protective coating market is segmented into mechanical method, chemical method, and electrochemical method
  • On the basis of technology, the South America protective coating market is segmented into solvent-borne, water-borne, powder coating, UV-cured, and others
  • On the basis of application, the South America protective coating market is segmented into pigments, specialized resins, fillers, and others
  • On the basis of end-user, the South America protective coating market is segmented into building and construction, aerospace, automotive, industrial, marine, oil and gas, power generation, mining, and others

Major Players

Data Bridge Market Research recognizes the following companies as the major South America protective coating market players in South America protective coating market are Exxon Mobil Corporation (U.S.), PPG Industries (U.S.), BASF SE (Germany), OQ SAOC (Oman), WACKER CHEMIE AG (Germany), SASOL SA (South Africa), Merck KGaA (Germany), Eastman Chemical Company (U.S.)

South America Protective Coating Market

Market Developments

  • In May 2023, Brenntag, a prominent distributor of chemicals and ingredients, revealed plans for renovating and expanding its facilities in Nova Esperança, Paraná, Brazil. This substantial investment encompasses expanding the storage area to 2000 m2 and the installation of 14 tanks with a capacity of 675 m3. Additionally, the site has been equipped with a new quality control laboratory and two reactors dedicated to liquid fertilizer production. This expansion allows for an initial production capacity of up to 2,000 tons per year, reinforcing Brenntag's commitment to enhancing its capabilities in the region
  • In April 2023, PPG Industries, Inc., a leading coatings manufacturer, completed a $15-million expansion of its Powder Coating production facility in Brazil, Indiana. The investment involved the incorporation of two state-of-the-art lines specializing in bonded metallic powder, along with the integration of automated packaging capabilities. This strategic expansion aims to meet the escalating customer demand for sustainable coating solutions within the appliance and general industrial manufacturing sectors. PPG Industries demonstrates its dedication to staying at the forefront of innovative and environmentally conscious coating technologies
  • In March 2021, PPG Industries Inc., a renowned paints, coatings, and specialty materials supplier, launched the PPG PITTHANE ULTRA LS high-performance polyurethane topcoat. Specifically designed for use in corrosive environments, this topcoat stands out for its low sheen, reducing glare and effectively covering surface imperfections. The introduction of PPG PITTHANE ULTRA LS represents a significant advancement in PPG Industries' product portfolio, catering to industries where both performance and aesthetics are crucial
  • In July 2020, Sherwin-William’s Protective and Marine coatings division expanded its line of FIRETEX, a passive fire protection coatings range. This expansion improved applications and cost-effectiveness for onshore assets by allowing precise control over coating thickness parameters. Sherwin-Williams' commitment to enhancing fire protection technologies signifies its dedication to providing advanced solutions for the safety and integrity of onshore assets

Regional Analysis

Geographically, the countries covered in the South America protective coating market report are Brazil, Argentina, Colombia, Peru, and the rest of South America

As per Data Bridge Market Research analysis:

Brazil is the dominant region in South America protective coating market during the forecast period 2023-2030

Brazil dominates the protective coating market is intricately linked to heightened expenditures in the hotel and restaurant sectors. The surge in disposable income and a burgeoning middle class have fueled increased spending on hospitality services, propelling the demand for new hotels and dining establishments. This, in turn, has spurred a significant rise in construction and renovation activities. Protective coatings have emerged as a vital component in preserving and enhancing the longevity of these structures, protecting against environmental factors and contributing to both durability and aesthetic appeal. The trend reflects broader economic growth, urbanization, and a growing emphasis on high-quality coating solutions across various industries, establishing Brazil as a key hub for the evolving protective coating market.

For more detailed information about the South America protective coating market report, click here – https://www.databridgemarketresearch.com/reports/south-america-protective-coating-market


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