South America Solvent Borne Coatings Market Outlook, 2028

South America Solvent Borne Coatings Market Outlook, 2028

The South American solvent-borne coating industry is a vibrant and dynamic sector that plays a crucial role in various industries across the region. With its rich history and strong focus on innovation, the industry has established itself as a key contributor to economic growth and development. South America boasts a diverse range of industries, including automotive, construction, aerospace, and marine, all of which rely on high-performance coatings for protection, aesthetics, and durability. The solvent-borne coating industry in South America is known for its commitment to quality, efficiency, and environmental responsibility. Manufacturers in the region are constantly pushing the boundaries of technology and formulation to deliver coatings that meet the stringent requirements of these industries while adhering to increasingly strict regulations. With a deep understanding of market demands and a passion for excellence, the South American solvent-borne coating industry continues to drive innovation, create job opportunities, and contribute to the region's overall industrial growth. The industry began to gain momentum in the early 20th century as South American countries experienced rapid industrialization and infrastructural growth. During this time, solvent-borne coatings emerged as a reliable and effective solution for protecting surfaces and enhancing their aesthetic appeal. In the mid-1900s, the South American solvent-borne coating market witnessed a surge in demand, driven by the expansion of industries such as automotive, construction, and manufacturing. The availability of raw materials and advancements in coating technology fueled the growth of local manufacturers, who started catering to the increasing market needs. Throughout the latter half of the 20th century, the South American solvent-borne coating market experienced both challenges and opportunities. Economic fluctuations, political changes, and evolving environmental regulations shaped the industry's landscape. Manufacturers adapted to new requirements, focusing on improving the performance and environmental attributes of their coatings. In recent decades, there has been a strong emphasis on sustainability and environmental responsibility in the South American solvent-borne coating market. Government regulations and consumer awareness have led to the development and adoption of coatings with reduced volatile organic compound (VOC) content and improved environmental profiles.

According to the research report, South America Solvent Borne Coating Market Outlook, 2028, published by Bonafide Research, the South America Solvent Borne Coating market is anticipated to add over USD 589.57 Million in market size from 2023 to 2028. South America is witnessing significant industrial growth across various sectors, including automotive, construction, manufacturing, and marine. Solvent-borne coatings are widely used in these industries for their excellent protective and decorative properties. As industrial activities expand, the demand for solvent-borne coatings increases, driving market growth. South America is undergoing extensive infrastructure development, including the construction of highways, bridges, commercial buildings, and residential complexes. Solvent-borne coatings play a vital role in providing protection against corrosion, weathering, and abrasion to these structures, which increases their durability and aesthetics. The need for reliable and high-quality coatings in infrastructure projects contributes to the growing market. Based on the type segment, the one-component and two-component systems of solvent-borne coating In the South American market, both one-component and two-component systems of solvent-borne coatings have a significant presence. However, the growth trajectory may vary based on specific industry requirements and technological advancements. One-component solvent-borne coatings continue to be in high demand in South America due to their ease of use, convenience, and compatibility with various substrates. They are widely used in construction, automotive, industrial, and consumer goods applications. Continuous research and development efforts have led to advancements in the performance characteristics of one-component solvent-borne coatings. These coatings now offer improved adhesion, durability, chemical resistance, and weathering properties, making them suitable for demanding applications. Furthermore, manufacturers of two-component solvent-borne coatings are providing a range of options in terms of curing agents, allowing customization and versatility. This enables end-users to achieve specific performance requirements and tailor the coating system to their unique application needs.

The South American solvent-borne coating market is supported by various associations and organisations that play a crucial role in promoting the industry, providing industry standards, fostering collaboration, and addressing common challenges. The Latin American Coatings Association (ALCCA) represents the coatings industry in Latin America, including South America. It promotes the sustainable development of the industry, provides technical support, conducts research, and organises conferences and events to facilitate knowledge sharing and networking among industry professionals. The Brazilian Paint Manufacturers Association (ABRAFATI) is a leading association in Brazil that represents paint manufacturers, including solvent-borne coatings. It focuses on advancing the paint and coatings industry through research, education, and advocacy. ABRAFATI organises the ABRAFATI Congress, which is one of the largest coating industry events in South America. Furthermore, the Argentine Chamber of Paint Manufacturers (CADEPRA) represents paint and coating manufacturers in Argentina. It promotes the interests of the industry, provides technical guidance, and collaborates with government entities to ensure compliance with regulations and standards. CADEPRA organises training programmes and seminars to enhance the technical expertise of its members. As well as the Chilean Paints Association (ASIQUIM), which represents paint manufacturers in Chile, including those producing solvent-borne coatings, It promotes best practises, fosters innovation, and provides support and guidance to its members. ASIQUIM also collaborates with regulatory bodies to ensure the industry's compliance with safety and environmental standards. These associations and organisations serve as platforms for knowledge exchange, industry advocacy, and networking opportunities within the South American solvent-borne coating market. They contribute to the growth and development of the industry by addressing common challenges, providing technical guidance, and promoting sustainable practises.

Based on the application segment, this includes automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks. The industrial sector encompasses various industries, such as manufacturing, automotive, aerospace, energy, and construction, which require coatings for diverse applications. Solvent-borne coatings offer versatility and compatibility with different substrates, making them suitable for coating industrial machinery, equipment, structures, pipelines, and surfaces that require robust protection. Solvent-borne coatings are often preferred in the industrial sector due to their cost effectiveness. They typically have lower production costs compared to other coating technologies, making them a more affordable option for large-scale applications in industrial settings. The cost-effectiveness of solvent-borne coatings aligns well with the budgetary considerations of the industrial sector. Solvent-borne coatings have been widely used in the industrial sector for many years, and there is a well-established infrastructure for their application and usage. Many industrial facilities already have the necessary equipment and expertise to handle solvent-borne coatings efficiently, making them the preferred choice in terms of convenience and ease of implementation. Based on the industrial vertical, utilities, Manufacturing Industry, Hospitals and gas industry, the manufacturing industry, hospitals, and other industry verticals, the manufacturing sector, encompassing industries such as automotive, machinery, electronics, appliances, and consumer goods, relies heavily on solvent paint coatings. These coatings are used for surface finishing, protection against corrosion, wear resistance, and enhancing the aesthetic appeal of manufactured products.

Start-ups scenario:

NANOZ is a start-up based in South America that specializes in the development and production of nanotechnology-based solvent-borne coatings. They focus on creating high-performance coatings with enhanced durability, corrosion resistance, and environmental friendliness.

Inovar Coatings is a start-up that focuses on providing innovative solvent-borne coatings for various industrial applications. They emphasize the development of coatings with advanced properties, such as high adhesion, chemical resistance, and abrasion resistance.

EcoCoat is a South American start-up that aims to offer eco-friendly solvent-borne coatings with reduced environmental impact. They focus on developing coatings with low volatile organic compounds (VOCs) and sustainable raw materials while maintaining high performance and quality.

CoatingTech is a start-up that specializes in the research and development of advanced solvent-borne coatings for the automotive and industrial sectors in South America. They aim to provide coatings with improved durability, scratch resistance, and color retention.

Pintec is a start-up company focused on the development of innovative solvent-borne coatings for the construction and infrastructure industries in South America. They strive to offer coatings with enhanced weather resistance, anti-graffiti properties, and easy application.

Considered in this report

• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• South America Solvent Born Coating market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• Brazil
• Argentina
• Colombia

By Type:

• One Component System Solvent Borne Coating
• Two Component System Solvent Borne Coating

By Application:

• Automotive Solvent Borne Coatings,
• Industrial Solvent Borne Coatings,
• Printing Inks

By Industry Vertical:

• Utilities,
• Oil & Gas Industry,
• Manufacturing Industry,
• Hospitals,
• Other Industry Verticals

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 Smart Lighting 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.

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