Press release
South America Paints and Coatings Market Growth Driven by Infrastructure Development & Demand for Sustainable Formulations | Key Companies: PPG Industries, Inc., The Sherwin-Williams Company
South America Paints and Coatings Market
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Paints and coatings are protective and decorative finishes used in construction, automotive, industrial, and marine applications. The South America paints and coatings market was valued at USD 12.4 billion in 2024 and is projected to reach USD 16.9 billion by 2031, growing at a CAGR of 4.5%. Growth is supported by construction activity in Brazil and Argentina along with demand for sustainable, low-VOC coatings. Recently, multinational manufacturers like AkzoNobel and Sherwin-Williams expanded operations in Brazil to capture the eco-friendly paints segment.
South America: Recent Industry Developments
✅ In July 2025, Sherwin-Williams expanded its production facility in São Paulo, Brazil. The upgrade increases capacity for waterborne coatings. It supports the region's shift toward sustainable and low-VOC solutions.
✅ In June 2025, AkzoNobel launched a new decorative paint line tailored for South American climates. The products feature enhanced humidity and UV resistance. They are designed to improve durability in tropical environments.
✅ In May 2025, BASF invested $250 million to modernize its coatings plant in Argentina. The investment introduces advanced automation and energy-efficient processes. It strengthens BASF's competitive presence in South America.
South America Paints And Coatings Market Key Companies:
The report profiles leading players shaping the South America Paints And Coatings Market, including:
Key Players
PPG Industries, Inc., The Sherwin-Williams Company, Axalta Coating Systems LLC, Jotun A/S, Nippon Paint Holdings Co., Ltd, Asian Paints Limited, Kansai Paint Co., Ltd., RPM International Inc., Tikkurila OYJ
These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.
Growth Driver:
The paints and coatings market in South America is expanding due to rising construction activity, urbanization, and growth in automotive manufacturing. Increasing demand for eco-friendly, low-VOC paints is also driving adoption. Recent developments include AkzoNobel expanding its decorative paints presence in Brazil and Sherwin-Williams investing in sustainable coatings production across South America, validating strong market momentum.
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Comprehensive Market Segmentation:
The South America Paints And Coatings Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.
By Resin Type (Alkyd, Polyester, Epoxy, Polyurethane, Fluoropolymer, Polyether ether ke-tone, Polyaryletherke-tone, Polyether ke-tone, Others), By Technology (Water-based, Solvent-based, Powder, UV Cured Coating, Electron Beam Coating, Others), By Resin Characteristics (Commodity Coating (Thermoplastic, Thermoset), Engineering Coating (Thermoplastic, Thermoset), High-performance Coating (Thermoplastic, Thermoset)), By End-User (Architectural (Residential (New construction, Remodel and repaint), Non-residential), Industrial (General Industrial, Protective, Automotive Refinish, Automotive OEM, Industrial Wood, Marine, Coil, Packaging, Aerospace, Rail))
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FAQ
✅ What is the current market size and forecast for paints and coatings in South America?
✅ Which end-use sectors (construction, automotive, industrial) drive the most demand?
✅ Who are the leading paints and coatings manufacturers in South America?
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