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Home  > Markets & companies  > Coatings market  > South American coatings market to grow

Thursday, 24 October 2019
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Markets & companies, Coatings market

South American coatings market to grow

Thursday, 28 June 2012

The segments automotive refinish, architectural coatings and marine coatings will benefit from the further development in the market.

Per capita paint consumption in 2011 (by country). Source: IRL

Per capita paint consumption in 2011 (by country). Source: IRL

In 2011, the South American paint market reached a volume 2,819,600 tonnes. Brazil is by far the largest country market in South America, accounting for some 60% of total demand for paints and coatings. Argentina and Colombia are the second and third largest markets respectively, while Uruguay and Paraguay are the smallest, according to IRL’s Profile of the South American Paints Industry”. The report also includes overall market forecasts to 2016 and lists several key drivers behind the expected future growth in the South American market. The segments automotive refinish, architectural coatings and marine coatings will benefit from the further development in the market.

Official population statistics give a per capita paint consumption of 7.1kg for the South America region as a whole, with the highest levels seen in Brazil and Chile. Bolivia has the lowest paint consumption per person. Despite starting from a small base, Bolivia is expected to show the fastest growth in its coatings market over the medium term - around 8% p.a., followed by Chile and Uruguay.

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