Argentina Architectural Coatings Market - Forecast(2021 - 2026)

The Argentina Architectural Coatings market has experienced slow growth in the recent years owing to a steady decline in completed area of construction since 2011. In the city of Buenos Aires, the cyclical downfall of completed construction area was significant after the peak of 2011 (1.8 million m2). The total area came down to 1.03 million m2 in 2014, a decline of 43%and crashed to 0.57 million m2 in 2016. However, moving forward, the demand for architectural coatings in Argentina will be fueled by the healthy rise in residential building construction, helping the market reach $550m by 2023.


Argentina Architectural Coatings Market Outlook
The new residential market for architectural coatings will witness the fastest growth through 2020 as home building activity continues to rebound strongly from the depths of the housing crisis. However, most of the demand will be generated by the residential improvement and repair market.


Argentina Architectural Coatings Market Growth Drivers 
Argentina is one of the largest countries in Latin America. The country is witnessing increased construction activities after several years of low growth. According to a World Bank report, Argentina is currently undergoing an economic transformation that promotes the construction sector; and hence, the architectural coatings market in the country is set to benefit from it.

Argentina Architectural Coatings Market Challenges 
The construction industry contributes 3.2% to Argentina’s GDP. The residential construction sector suffered recently from certain foreign exchange currency restrictions imposed in Argentina. Also the high inflation (about 20%—25%) is a challenge for the housing market, particularly for developers of real estate projects. With an increase in the price of land and in the cost of construction, investment in the residential sector has considerably decreased over the last few months. This has affected the architectural coatings demand.

 
Argentina Architectural Coatings Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Argentina Architectural Coatings Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the products and their specific applications.

Argentina Architectural Coatings Market Report: Industry Coverage

Coating Type: Epoxy, Acrylics, Polyester, Alkyd, Polyurethane, and Others that includes Vinyl Acrylate, Acetates, and Styrene Acrylics.

Formulation: Waterborne Coating, Solvent-borne Coating, Powder Coatings, and Others.

Additives: Dispersants & Wetting Agents, Defoamers and Dearaters, Rheology Modifiers, Surface Modifiers, Biocides, and Others.

Applications area of architectural coatings: Residential, Commercial, and Institutional.


Argentina Architectural Coatings Market Trends
  • In architectural coatings, low VOC continues to be a huge driving factor because of consumer preferences, regulations, and green certification programs such as LEEDv4 and EU-Ecolabel. Low-VOC coatings meet the regulations as well as the needs of eco-conscious consumers. 
  • According to Global Infrastructure Hub, the total infrastructure investment in Argentina was $45,000m, out of which $52m was invested by private investors between 2013 and 2017. Furthermore, the public–private partnership will boost the infrastructure growth in Argentina; thus, increasing the demand and consumption rate of architectural coatings in the construction industry.   
  • Major companies have been making continued investments in R&D and collaborations for the development of new and innovative products, thereby leading to a changing patent scenario.

  • "We also publish more than 100 reports every month in "Chemicals and Materials", Go through the Domain if there are any other areas for which you would like to get a market research study."


Location: United States

Comments

Post a Comment

Popular posts from this blog

Ethylene Methyl Acrylate Market - Forecast(2021 - 2026)

Ethylene Methyl Acrylate is one of the copolymer of ethylene that is exhibiting growing prevalence in the market. The Ethylene Methyl Acrylate (EMA) is projected to reach USD 9.8 billion by 2023 at a CAGR of 6.3% during the forecast period of 2018-2023. To develop new polymeric materials for both scientific and commercial purposes, the blending of two or more different polymers is often used. One such innovation is the production of Ethylene Methyl Acrylate (EMA). Ethylene Methyl Acrylate (EMA) is anticipated to increase the demand for Ethylene Methyl Acrylate in application such as plastics, adhesives and paints & coatings.  What is Ethylene Methyl Acrylate (EMA)? Technical grade acrylic acid is the key component for producing Ethylene Methyl acrylate. Acrylic acid formulated with methanol, in a reactor in elevated temperatures with water as by product to formulate ethylene methyl acrylate. It has a high ductility among thermoplastic and it as a very low tensile strength and l...
Read more

Diethylenetriamine Market - Forecast(2021 - 2026)

Diethylenetriamine market size is forecast to reach   $250 million by 2025 , after growing at a   CAGR of 4.05% during 2020-2025 , owing to the increasing demand for diethylenetriamine as a chelating agent from various end-use industries. Diethylenetriamine is a hygroscopic liquid and an analogue of diethylene glycol. It has similar chemical behavior as ethylenediamine and has similar uses. Growing product application of diethylenetriamine as chelating agents, bleach activators, and corrosion inhibitors may boost industry size in the forecast period. Diethylenetriamine is commonly used in surfactants for their good foaming characteristics which are likely to propel the market growth. Furthermore, growing consumer awareness regarding cleanliness and hygiene has led to high demand for laundry and detergent products, which is anticipated to drive the diethylenetriamine market growth during the forecast period.  Diethylenetriamine Market Report Coverage The report: “ Diethyl...
Read more

Mining Equipment Services Market - Forecast(2021 - 2026)

Mining Equipment Services market is analysed to grow at a   CAGR of 3.4%   during the forecast period 2021-2026 to reach   $160.9 billion by 2026 . Mining equipment services market is developing rapidly due to rise in the mining exploration activities and the growing demand of raw materials due to the rising mining projects. Moreover, rapid industrialization and globalization for improving a well-functioning economy is further driving the mining equipment market. Furthermore, the deployment of innovative services and parts such as part replacement services, maintenance services, fleet services and so on further rise the market’s growth. The third-party service providers also offer   predictive   maintenance contracts that enables loss of production, reducing in downtime, also leading to reduce the cost in the research and development of equipment maintenance services and inventors. These key drivers further propel the shift of companies towards third party vend...
Read more