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IRL Publishes S. American Paint Profile

Wednesday, June 17, 2009

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Information Research Ltd. (IRL), located in Ealing, London, recently published “A Profile of the South American Paint Industry, 2nd Edition.” The book covers the protective, marine, and decorative markets. According to the report, growth in the South American countries is expected in 2010, with only Peru and Colombia expected to show growth in 2009. Major drivers for coatings demand on the continent are said to be state spending on infrastructure, oil exploration, and industrial development.

The South American coatings market was estimated in 2008 at 2,449,500 tons and is expected to reach 2,846,300 tons by 2013, IRL says. Brazil dominates the market with 54% of the paint demand and roughly 51% of the population. Venezuela is the only market expected to decline, and this is due to the government’s absence of an alternative policy to deal with the collapse of oil prices and demand. Brazil and Argentina are major suppliers of coatings to the region.

According to the report, the protective coatings sector in many countries is moving toward high-solids coatings. Competition in South America is changing due to consolidations, such as AkzoNobel’s acquisition of ICI. On a global scale, the report states that PPG’s acquisitions of the Ameron and Sigma lines and Sherwin-Williams’ purchase of Euronavy and Pinturas Industriales are changing the competition.

To purchase a complete copy of the report, visit www.informationresearch.co.uk.

   

Tagged categories: Marine; Protective coatings

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