Latin America Commercial Vehicle Coatings Market Growth Trends: 6.5% CAGR Expected for 2021-2026 – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD)–The “Latin America Commercial Vehicle Coatings Market Research Report: Forecast (2021-2026)” the report was added to ResearchAndMarkets.com offer.

Automotive coatings are gaining popularity due to the trend towards aesthetics and protection of commercial vehicles.

The Latin America commercial vehicle coatings market is expected to grow at a CAGR of approximately 6.5% during the forecast period 2021-2026.

The growth is due to transformative changes which are rapidly multiplying by economic, social and technological disruptions in the automotive sector. In addition, the remodeling of the automotive industry is having a direct impact on the Latin American commercial vehicle coatings market, thereby experiencing substantial growth in the region. In addition, requirements such as regional logistics, economic activities with new regulations on commercial vehicle fleet renewal are likely to support the market growth during the forecast period.

The report provides an in-depth analysis of the market statistics market, which mainly consists of regional and country market size, market forecast, CAGR and market segmentation market share, benchmarking competition and the main drivers and constraints of the market.

Market segmentation

Metal substrates have occupied the largest share of the commercial vehicle coatings market in Latin America

The Latin American commercial vehicle coatings market consists of three substrates: metal, plastic and composite. Of all of them, metal substrates have dominated the market with the largest share in the previous years and are expected to continue to dominate during the forecast period. The main factor supporting the growth of the segment is the predominant consumption of metals in the automotive industry, which has a direct impact on the commercial vehicle coatings market in Latin America.

However, the volatility of metal prices and the increasing use of lightweight materials could restrict the application of vehicle coatings to metal surfaces.

Market factors

The key driver for the growth of the commercial vehicle coatings market in Latin America is the focus by the producer on improving existing formulations to develop finish, color and aesthetics for customers. In addition, the active participation of the major market players in the market to strengthen the commercial vehicle coatings market share in Latin America and create lucrative growth opportunities will further drive the market growth during the forecast period.

Market constraints

The surge in raw material prices is likely to negatively impact the Latin America commercial vehicle flooring market by reducing the profit margin thereby limiting the market growth during the forecast period.

Mexico to achieve largest share of commercial vehicle coatings market in Latin America

Geographically, Mexico is expected to achieve the fastest growth rate during the forecast period. It owes mainly to the improvement of the economic situation of the country. Besides, the increasing development strategies and the active participation of the major market players are likely to positively influence the demand of the Latin America Commercial Vehicle Coatings market in the country. Therefore, the economic expansion of the market will be the fastest in Mexico during the forecast period.

Answers to key questions

  • What are the overall market statistics or market estimations (market outline, market size by value, forecast numbers, market segmentation, market shares) of the Latin America Commercial Vehicle Coatings Market?

  • What are the size of the industry by region, the growth drivers and the challenges?

  • What are the key innovations, opportunities, current & future trends, and regulations in the Latin America Commercial Vehicle Coatings market?

  • Who are the main competitors, their main strengths and weaknesses, and how are they performing in the Latin America commercial vehicle coatings market based on the competitive benchmarking matrix?

  • What are the main findings derived from the market research conducted as part of the Latin America Commercial Vehicle Coatings Market research?

Main topics covered:

1. Introduction

2. Executive summary

3. Impact of COVID-19 on the commercial vehicle coatings market in Latin America

4. Latin America Commercial Vehicle Coatings Market Trends and Outlook

5. Market dynamics of commercial vehicle coatings in Latin America

6. Latin America Commercial Vehicle Coatings Market Hot Spots and Opportunities

7. Latin America Commercial Vehicle Coatings Market Regulation and Policy

8. Latin America Commercial Vehicle Coatings Market Outlook, 2016-2026E

9. Brazil Commercial Vehicle Coatings Market Outlook, 2016-2026E

10. Mexico Commercial Vehicle Coatings Market Outlook, 2016-2026E

11. Argentina Commercial Vehicle Coatings Market Outlook, 2016-2026E

12. Peru Commercial Vehicle Coatings Market Outlook, 2016-2026E

13. Latin America Commercial Vehicle Coatings Market Key Strategic Imperatives for Success and Growth

14. Competition outlook

  • Axalta Coating Systems

  • BASF

  • PPG Industries

  • Kansai painting

  • Akzo Nobel

  • Valspar Company

  • Cabot Company

  • Clariant SA

  • Eastman Chemical Company

  • Lord Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/30xrir

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