Peru Paints and Coatings Market Introduction and Overview
According to SPER Market Research, the Peru Paints and Coatings Market is estimated to reach USD 562.37 million by 2033 with a CAGR of 3.78%.
The report includes an in-depth analysis of the Peru Paints and Coatings Market, including market size and trends, product mix, applications, and supplier analysis. Peru's paint and coatings industry is a major economic sector that is fueled by both potential exports and domestic consumption. Among the many goods produced by the industry are architectural paints, industrial coatings, automotive paints, and specialty coatings for use in manufacturing, transportation, and construction. Building and infrastructure projects, together with the growth of sectors like electronics, mining, and automobiles, are driving demand for these materials.
- May 2023: PPG declared plans to invest USD 44 million to modernize five powder coating production plants in Latin America and the United States.
- June 2022: Well-being Protection Anti-Mosquito is a colorless matt varnish that was introduced by AkzoNobel's Coral brand to help fight dengue fever-carrying mosquitoes in Brazil.
Market Opportunities and Challenges
Opportunities- Low-VOC or water-based paints are available in retailers all around Peru. The Lead Paint Law was passed in Peru in May 2021 to safeguard the physical and health of the general public from the lead content of paints and other coating materials. In Peru, the demand for residential real estate, especially flats, is rising. In order to enhance the interiors of buildings, multi-family real estate developments are requiring ornamental paints. Investments in new home developments are being supported by the housing need caused by the rapid rural-urban migration. The paints and coatings industry's largest segment is by far architectural paints and coatings. Surface characteristics are intended to be both protected and adorned by architectural coatings. Homes and structures are coated with them. The majority, like deck finishes, wall paints, and roof coatings, are made for particular applications. Every architectural coating must have specific protective, long-lasting, and attractive qualities regardless of its intended purpose.
Challenges- Peru's paints and coatings industry has a number of obstacles that hinder its expansion. The price fluctuation of raw materials, which has a big impact on manufacturing costs, is one of the main problems. Since a large number of these raw materials—including solvents, pigments, and resins—are imported, the sector is susceptible to changes in international supply chains and exchange rates. Furthermore, despite the growing demand for paints and coatings, several sectors of the business struggle to maintain good manufacturing standards due to a shortage of experienced workers.
Market Competitive Landscape
The Peru Paints and Coatings Market is moderately fragmented. Some of the market key companies are The Sherwin-Williams, Benjamin Moore & Co., WEG S.A., Lanco Manufacturing Corp., Pinturas Color Chile, Akzo Nobel N.V., PPG Industries, Inc., Qroma S.A., and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Resin Type, By Technology, By Application.
|
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region. |
| Companies Covered | Akzo Nobel N.V., PPG Industries, Inc., Qroma S.A., The Sherwin-Williams, Benjamin Moore & Co., WEG S.A., Lanco Manufacturing Corp., Pinturas Color Chile, and others. |
COVID-19 Impact on Peru Paints and Coatings Market
The COVID-19 epidemic caused major disruptions in a number of sectors, including the paints and coatings market in Peru. Because of health and safety regulations, manufacturing facilities had to temporarily close or scale back operations, which initially caused a halt in production and disruptions in the supply chain. This resulted in delays in the supply of raw materials, especially imported ones, which made manufacturing difficulties even worse. Additionally, during the lockdown times, the construction and automobile industries—two major users of paints and coatings—saw a substantial fall in activity, which decreased demand for associated items.
Key Target Audience:
Our in-depth analysis of the Peru Paints and Coatings Market includes the following segments:
| By Resin Type: | AcrylicAlkydEpoxyPolyesterPolyurethaneOthers |
| By Technology: | Powder-BasedWater-BorneSolvent-BorneOthers |
| By Application: | Architectural/DecorativeIndustrial |
Key Topics Covered in the Report:
- Peru Paints and Coatings Market Size (FY’2024-FY’2033)
- Overview of Peru Paints and Coatings Market
- Segmentation of Peru Paints and Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyester, Polyurethane, Others)
- Segmentation of Peru Paints and Coatings Market by Technology (Powder-Based, Water-Borne, Solvent-Borne, Others)
- Segmentation of Peru Paints and Coatings Market by Application (Architectural/Decorative, Industrial)
- Statistical Snap of Peru Paints and Coatings Market
- Expansion Analysis of Peru Paints and Coatings Market
- Problems and Obstacles in Peru Paints and Coatings Market
- Competitive Landscape Peru Paints and Coatings Market
- Impact of COVID-19 and Demonetization Peru Paints and Coatings Market
- Details on Current Investment in Peru Paints and Coatings Market
- Competitive Analysis of Peru Paints and Coatings Market
- Prominent Players in the Peru Paints and Coatings Market
- SWOT Analysis of Peru Paints and Coatings Market
- Peru Paints and Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Peru Paints and Coatings Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Peru Paints and Coatings Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Peru Paints and Coatings Market
7. Peru Paints and Coatings Market, By Resin Type (USD Million) 2020-2033
7.1. Peru Paints and Coatings Market Size, Share and Forecast, By Resin Type, 2020-2026
7.2. Peru Paints and Coatings Market Size, Share and Forecast, By Resin Type, 2027-2033
7.3. Acrylic
7.4. Alkyd
7.5. Epoxy
7.6. Polyester
7.7. Polyurethane
7.8. Others
8. Peru Paints and Coatings Market, By Technology (USD Million) 2020-2033
8.1. Peru Paints and Coatings Market Size, Share and Forecast, By Technology, 2020-2026
8.2. Peru Paints and Coatings Market Size, Share and Forecast, By Technology, 2027-2033
8.3. Powder-Based
8.4. Water-Borne
8.5. Solvent-Borne
8.6. Others
9. Peru Paints and Coatings Market, By Application (USD Million) 2020-2033
9.1. Peru Paints and Coatings Market Size, Share and Forecast, By Application, 2020-2026
9.2. Peru Paints and Coatings Market Size, Share and Forecast, By Application, 2027-2033
9.3. Architectural/Decorative
9.4. Industrial
10. Peru Paints and Coatings Market Forecast, 2020-2033 (USD Million)
10.1. Peru Paints and Coatings Market Size and Market Share
11. Peru Paints and Coatings Market, By Region, 2020-2033 (USD Million)
11.1. Peru Paints and Coatings Market Size and Market Share By Region (2020-2026)
11.2. Peru Paints and Coatings Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Northern Region
11.6. Southern Region
12. Company Profile
12.1. Akzo Nobel N.V.
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. PPG Industries, Inc.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Qroma S.A.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. The Sherwin-Williams
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Benjamin Moore & Co.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. WEG S.A.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Lanco Manufacturing Corp.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Pinturas Color Chile
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links