Colombia Solvent Borne Coatings Market Overview, 2028

Colombia Solvent Borne Coatings Market Overview, 2028

The solvent-borne coating market in Colombia stands as a dynamic and pivotal sector within the country's industrial landscape. Colombia, known for its robust economy and thriving manufacturing sector, has witnessed a significant surge in the demand for high-quality coatings across various industries. Solvent-borne coatings, renowned for their exceptional durability, versatility, and corrosion resistance, have emerged as a preferred choice for numerous applications, ranging from automotive and aerospace to construction and industrial sectors. This market segment continues to evolve rapidly, driven by technological advancements, stringent quality standards, and a growing emphasis on environmental sustainability. The solvent-borne coating market in Colombia offers a wide array of opportunities for manufacturers, suppliers, and stakeholders who seek to capitalise on the country's expanding industrial base and an ever-increasing need for superior coating solutions.

According to the research report Colombia Solvent Borne Coating Market Overview, 2028, published by Bonafide Research, The Colombia Solvent Borne Coating market is expected to add more than 136 Million by 2023-2028. The growing industrial infrastructure of Colombia has significantly contributed to the market expansion of solvent-borne coatings in that nation. The demand for high-quality coatings has increased as a result of strong development in the construction, automotive, and aerospace industries. Colombia's solvent-borne coating industry is benefiting from technical development. The performance of coatings, application techniques, and drying durations are all being improved by manufacturers through research and development, which will boost output and efficiency. In Colombian businesses, knowledge of the advantages of protective coatings is growing. Solvent-borne coatings give diverse assets, such as machinery, equipment, and infrastructure, superior protection against corrosion, abrasion, and chemicals. As a result, their lifespan is increased and their maintenance requirements are decreased. The solvent-borne coating market in Colombia boasts a diverse range of key players who contribute to its growth and competitiveness. Some of the prominent companies operating in this market include Compania Colombiana de Pinturas (Colpisa), Pintuco, Axalta Coating Systems, Sherwin-Williams Colombia, and Industrias Pintuco S.A. These industry leaders have established themselves as reliable suppliers of solvent-borne coatings, offering a comprehensive portfolio of products tailored to various industries' needs. Their strong distribution networks, technical expertise, and commitment to quality have positioned them as trusted partners in Colombia's coating industry, catering to the growing demand for high-performance coatings across sectors such as automotive, construction, and industrial applications.

In the Colombian market, solvent-borne coatings find extensive use across various industries and applications. One of the prominent sectors where solvent-borne coatings are widely employed is the automotive industry, which encompasses both original equipment manufacturers (OEMs) and aftermarket refinishing. These coatings provide excellent protection against corrosion, UV radiation, and weathering, enhancing the durability and aesthetic appeal of vehicles. Additionally, solvent-borne coatings are extensively utilised in the industrial sector for applications such as machinery and equipment coatings, metal fabrication, and protective coatings for infrastructure. The construction industry also relies on solvent-borne coatings for architectural paints, decorative finishes, and protective coatings for structures, offering durability, colour retention, and resistance to environmental factors. Moreover, solvent-borne coatings are utilised in the marine sector for shipbuilding, maintenance, and corrosion protection. The paint and coating market in Colombia has a variety of resin types, such as acrylic, alkyd, epoxy, polyester, polyurethane, fluoropolymer, and vinyl. Acrylic resins are used for their durability, weather resistance, and versatility, while alkyd resins are used for their high gloss, good adhesion, and rapid drying properties. Epoxy resins offer exceptional chemical resistance and adhesion, while polyester resins are utilised in powder coatings. Polyurethane resins are favoured for their high-performance characteristics, while fluoropolymer resins are used for their exceptional resistance to chemicals, UV radiation, and extreme temperatures. Vinyl resins are used in waterborne coatings due to their low VOC content and environmental friendliness.

In Colombia, the solvent-borne coating market is subject to government regulations that focus on product quality, environmental protection, and workplace safety. The Ministry of Environment and Sustainable Development (Ministerio de Ambiente y Desarrollo Sostenible) is the primary regulatory authority responsible for overseeing the industry's compliance with environmental standards and regulations. Additionally, the National Institute of Food and Drug Surveillance (Instituto Nacional de Vigilancia de Medicamentos y Alimentos, INVIMA) plays a crucial role in ensuring the safety and quality of coatings used in industries such as food packaging. To uphold industry standards and best practises, authorised associations like the Colombian Chamber of Coatings (Cámara Colombiana de Pinturas) and the National Association of Paint Manufacturers (Asociación Nacional de Fabricantes de Pinturas, ANAFAP) provide guidance, support, and promote collaboration among industry players. Companies operating in the solvent-borne coating market in Colombia can obtain certifications such as ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), and OHSAS 18001 (Occupational Health and Safety Management System) to demonstrate their commitment to quality, sustainability, and safety.

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

Aspects covered in this report:
• Colombia 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.