Press release
Latin America Architectural Coatings Market: Water-Based Dominance & Acrylic Innovation - 2024-2031 | Major Companies - The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, LLC
Leander, Texas and TOKYO, JapanThe Latin America Architectural Coatings Market is expected to grow at a CAGR of 4.6% during the forecast period 2024-2031.
According to DataM Intelligence Comprehensive Report has released its latest report on the "Latin America Architectural Coatings Market Size 2025," providing a detailed analysis of market trends, key growth drivers, competitive landscape, and regional insights. The report includes market size (value and volume), CAGR projections, and emerging opportunities that help businesses identify growth areas and build effective strategies. Backed by data-driven insights and future outlook, this study serves as a valuable resource for companies looking to stay competitive and capitalize on market potential.
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Latest M & A:
Robust expansion in residential and commercial construction activity, as well as refurbishment of tourism-related infrastructure, is boosting demand for coatings that provide protection and aesthetic appeal while complying with environmental regulations.
In February 2025, Sherwin-Williams completed acquisition of BASF's Brazilian architectural paints business Suvinil for $1.15 billion, enhancing its portfolio and regional market presence.
Water-borne coatings are rapidly increasing market share due to government-driven sustainability mandates and consumer demand for low-VOC, eco-friendly products.
Acrylic resins dominate as the preferred binder in architectural coatings due to their versatility, durability, and cost-effectiveness.
Major players such as Sherwin-Williams, PPG Industries, AkzoNobel, BASF SE, Axalta Coating Systems, and Jotun are leading innovation and expansion efforts, including launches of specialized coatings with corrosion resistance, UV protection, and enhanced durability.
Growth opportunities are arising from expansion in e-commerce paint sales, DIY trends in urban areas, and increasing demand for decorative and functional coatings in high-growth secondary cities.
Challenges include economic volatility, raw material price fluctuations, and regulatory compliance complexities related to environmental and safety standards.
Technological advancements such as AI-assisted color matching, digital visualization, and 3D modeling are being adopted to enhance consumer experience and operational efficiency.
Brazil and Mexico hold the largest shares of the Latin America architectural coatings market due to their sizeable construction sectors and urban population growth.
Industry Developments:
November 2025: Market growth is driven by robust infrastructure projects across Brazil, Mexico, and Argentina, fueling demand for durable, high-performance architectural coatings in residential, commercial, and public buildings. New product innovations focus on eco-friendly, low-VOC waterborne and powder coatings in response to tightening environmental regulations and sustainability trends.
October 2025: Increased adoption of digital technologies like AI and 3D visualization enables better product customization and enhanced customer engagement. The growing middle class and rising disposable incomes are boosting renovation and new construction activity, driving demand for premium paints with improved aesthetics and durability.
Market consolidation continues with strategic mergers and acquisitions among leading players such as Akzo Nobel, BASF, PPG Industries, and Sherwin-Williams expanding regional footprints and product portfolios.
Expansion of e-commerce channels is transforming distribution, with online sales increasing convenience and accessibility for end-users across Latin America.
Major Key Player:
The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, LLC, BASF SE, Jotun A/S, Arkema S.A., Pintuco S.A., and WEG Group.
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Key Segments:
➥ By Resin Type: Acrylic Products, Alkyd Products, Vinyl Products, Polyurethane Products, Others
➥ By Technology: Waterborne Coatings, Solvent-Borne Coatings, Powder Coatings
➥ By Application: Residential, Non-Residential
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