LAMEA Architectural Coatings Market Size, Share & Trends Analysis Report By Technology, By End-Use, By Resin Type, By Function, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Architectural Coatings Market is expected to witness market growth of 7.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 3,967.7 kilo tonnes, showcasing a growth of 6.3% (2024-2031).

The non-residential segment of the architectural coatings market includes applications in commercial buildings, industrial facilities, and public infrastructure. Coatings used in this sector are designed to meet higher performance standards, including durability, resistance to heavy wear, and compliance with safety and environmental regulations. Thus, the Brazilian market consumed 387.51 kilo tonnes of this chemical for non-residential applications in 2023.



The Brazil market dominated the LAMEA Architectural Coatings Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD2.79 billion by 2031. The Argentina market is showcasing a CAGR of 8% during 2024-2031. Additionally, the UAE market would register a CAGR of 6.6% during 2024-2031.

Rapid urbanization increases the need for new housing to accommodate urban populations. This drives demand for these coatings for residential construction projects. Urbanization also fuels the construction of commercial buildings, offices, retail spaces, educational institutions, healthcare facilities, and hospitality establishments, increasing the demand for these coatings.

Urbanization often necessitates expanding and improving transportation infrastructure, including roads, bridges, highways, and public transportation systems. Coatings are essential for protecting and maintaining these structures. Urban areas require infrastructure for utilities such as water supply, sewage systems, and power distribution. Coatings protect pipelines, storage tanks, and other infrastructure components.

The government initiatives, such as Vision 2030, which seeks to reduce the country's reliance on oil, are propelling Saudi Arabia's enormous construction boom. Large-scale construction projects, including residential buildings, commercial complexes, industrial facilities, and infrastructure development, drive the demand for these coatings in Saudi Arabia. The real estate sector in Saudi Arabia is growing rapidly, driven by rising demand for housing, commercial space, and tourism-related developments. In Saudi Arabia, these coatings are crucial for protecting and enhancing the aesthetic appeal of both commercial and residential properties.

Saudi Arabia invests in tourism infrastructure in its Vision 2030 plan to diversify the economy. Developing hotels, resorts, theme parks, entertainment complexes, and cultural attractions requires architectural coatings for aesthetic enhancement and protection in Saudi Arabia. Thus, due to these aspects, the architectural coatings market will expand across the LAMEA region in upcoming years.

List of Key Companies Profiled

• PPG Industries, Inc.
• Wacker Chemie AG
• Nippon Paint Holdings Co., Ltd.
• The Sherwin-Williams Company
• BASF SE
• The Dow Chemical Company
• 3M Company
• Kansai Paint Co., Ltd.
• Akzo Nobel N.V.
• Arkema S.A.

Market Report Segmentation

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Water Borne
• Solvent Borne

By End-Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Residential
• Non-Residential

By Resin Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Polyester
• Other Resin Types

By Function (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Ceramics
• Inks
• Lacquers
• Paints
• Powder Coatings
• Primers
• Sealers
• Stains
• Varnishes

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA