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

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