Brazil Solvent Borne Coatings Market Overview, 2028

Brazil Solvent Borne Coatings Market Overview, 2028

The vibrant solvent-borne coating market in Brazil is a robust sector that typifies the nation's industrial prowess and dedication to quality. Brazil, the biggest economy in Latin America, has a thriving market for solvent-borne coatings that is both diversified and competitive, acting as a key intersection for many industries. Brazil offers a favourable environment for innovation, the creation of new products, and market expansion due to its abundance of natural resources, technological breakthroughs, and talented labour force. The solvent-borne coating market in Brazil caters to a wide range of industries, including automotive, aerospace, construction, marine, and industrial manufacturing. In the automotive sector, Brazilian manufacturers rely on solvent-borne coatings to deliver stunning finishes, exceptional durability, and protection against harsh environmental conditions. These coatings not only enhance the aesthetic appeal of vehicles but also provide crucial corrosion resistance and UV protection. The long coastline and thriving maritime sector of Brazil contribute to the high demand for solvent-borne coatings in the marine industry. These coatings offer strong anti-fouling qualities, shield offshore structures from corrosion, and keep nautical equipment in tact in harsh marine conditions.

According to the research report Brazil Solvent Borne Coating Market Overview, 2028, published by Bonafide Research, The Brazil Solvent Borne Coating market is expected to add more than 150 Million by 2023-2028. The Brazilian market for solvent-borne coatings serves a wide range of industrial applications in addition to these industries. Manufacturers use solvent-borne coatings to improve the toughness, beauty, and performance of everything from consumer goods to metal manufacturing. These coatings are indispensable in numerous industrial manufacturing processes around the nation due to their adaptability and versatility. The solvent-borne coating market supports these ideas as Brazil promotes environmental awareness and sustainability. The development of low-VOC formulations, the adoption of environmentally friendly practises, and adherence to strict environmental standards are all priorities for manufacturers. Brazil is positioned as a responsible and progressive player in the global coatings industry as a result of this emphasis on sustainability, which helps both the environment and the country. Brazil is also emerging as a major player in the aerospace industry, with a growing demand for solvent-borne coatings. The country boasts a strong aerospace manufacturing sector, including the production of aircraft parts and components, which drives the need for high-performance coatings that ensure safety, durability, and resistance to extreme conditions.

The solvent-borne coating market in Brazil is characterised by several key players, including AkzoNobel, Sherwin-Williams, PPG Industries, BASF SE, Axalta Coating Systems, and Tintas Coral. These industry leaders bring extensive expertise, global reach, and a diverse portfolio of solvent-borne coating solutions to cater to the specific needs of various sectors in Brazil. They also have strong research and development capabilities, a customer-centric approach, and a focus on sustainability, driving innovation, quality, and market leadership. Brazil has established strong industrial clusters in regions such as So Paulo, Rio de Janeiro, and Santa Catarina, which concentrate expertise and resources in the solvent-borne coating sector. These clusters foster collaboration, knowledge exchange, and innovation, driving the growth and competitiveness of the market. Brazil's solvent-borne coating business is spending money on R&D to enhance the effectiveness, durability, and efficiency of its products. Adoption of cutting-edge technology and digitalization are other significant developments that are putting the market in a position for future growth and competition.

Solvent-borne coatings are used in various sectors within the Brazilian market, such as the automotive sector, construction industry, industrial manufacturing, and oil and gas industry. These coatings are applied to vehicles for their vibrant colours, glossy finishes, and exceptional durability, offering protection against harsh weather conditions and enhancing aesthetics. Additionally, the construction industry uses solvent-borne coatings for architectural coatings, industrial manufacturing for metal components, machinery, and equipment, and oil and gas for offshore platforms, pipelines, and storage tanks. The versatility and reliability of solvent-borne coatings make them indispensable in the automotive, construction, industrial manufacturing, and oil and gas sectors. Polyurethane resins are used in the Brazilian solvent-borne coating market due to their versatility and performance. They are used in automotive refinishing, construction, architectural applications, and industrial manufacturing. Polyurethane-based solvent-borne coatings are favoured for their ability to withstand harsh environmental conditions, chemicals, and UV exposure, making them a preferred choice across multiple industries.

Brazil's solvent-borne coating business is governed by strict laws that protect the environment and promote worker health and safety. These regulations impose restrictions on the amount of VOCs, encourage the use of low-VOC coatings, and demand adherence to labelling and documentation standards. Additionally, standards for coating quality, performance, and safety are established by regulatory frameworks like the Brazilian Association of Technical Standards (ABNT). Manufacturers are compelled to adopt environmentally friendly practises, create low-VOC formulations, and adhere to strict regulations as a result of the government's emphasis on sustainability and health-related issues. This ensures the industry's long-term viability while protecting the environment and people's health. The Brazilian Paint Manufacturers Association (ABRAFATI) is essential to promoting and advancing the interests of the coatings industry. Additionally, accreditations and certifications are offered to coating manufacturers by certification agencies like INMETRO (the National Institute of Metrology, Quality, and Technology), which guarantees adherence to quality, safety, and environmental standards. Customers can validate and receive assurance from these certificates, such as the Brazilian Paint Certification Programme (Programa Setorial da Qualidade de Tintas, PSQ).

Considered in this report:
• Geography: Brazil
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Brazil Solvent Borne Coatings Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Application Type:
• Architectural
• Industrial

By Resin Type:
• Acrylic
• Alkyd
• Epoxy
• Polyester
• Polyurethane
• Fluoropolymers
• Vinyl
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. We have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solvent borne coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.