The Latin America Paints And Coatings Market size is estimated at USD 8.32 billion in 2024, and is expected to reach USD 10.83 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
In 2020, the COVID-19 pandemic had a detrimental effect on the market due to the halt in construction and industrial activities. However, the market is currently estimated to be at pre-pandemic levels, and it is expected to grow steadily in the future.
The Latin American paints and coatings market is partially consolidated in nature. Some of the major companies in the market include PPG Industries Inc., Akzo Nobel NV, Jotun, Axalta Coating Systems, and The Sherwin-Williams Company.
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