The Latin America acrylic resin dispersion based primers market witnesses robust growth, driven by increased demand for high-performance solutions. These primers excel in adhesion, durability, and versatility, catering to diverse applications. Rapid drying and surface enhancement properties make them a preferred choice. The region's emphasis on sustainability amplifies the appeal of acrylic resin dispersion-based primers. This market's upward trajectory highlights its significant role in advancing projects throughout Latin America.
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Data Bridge Market Research analyses that the Latin America Acrylic Resin Dispersion Based Primers in Construction Market which was USD 110.35 million in 2022, are expected to reach USD 169.37 million by 2030, growing at a CAGR of 5.7% during the forecast period from 2023 to 2030. The region is investing heavily in infrastructure projects, such as roads, bridges, and public buildings. Acrylic resin dispersion-based Primers play a crucial role in ensuring the longevity and performance of these structures, contributing to their widespread adoption.
Key Findings of the Study
Ease of application is expected to drive the market's growth rate
Acrylic resin dispersion-based primers stand out for their user-friendly application, featuring excellent flow and leveling properties. Construction professionals benefit from the versatility of application methods, whether it's brush, roller, or spray. This flexibility not only simplifies the application process but also ensures a consistent and smooth surface preparation. The easy application of these primers enhances efficiency on construction sites, making them a preferred choice for projects requiring convenience without compromising quality.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Absorbent Substrate, Non-Absorbent Substrate), Application (Before Interior Paints, Before Skim Coats and Renders, Before Thermal Insulation Façade System, Under-Self Levelling Compounds, Under Tile Adhesives, In Dry Wall System On Gypsum Boards), Type (Water Based, Solvent Based), End-Use (New Residential Construction, New Non-Residential Construction, New Civil Engineering, Civil Engineering Renovation, Non-Residential Renovation and Residential Renovation)
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Countries Covered
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U.S., Mexico and Colombia
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Market Players Covered
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PPG Industries, Inc. (U.S.), Axalta (U.S.), Henkel Adhesives Technologies India Private Limited (Germany), The Sherwin-Williams Company (U.S.), Sika Deutschland GmbH (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Akzo Nobel N.V. (Netherlands), Hempel A/S (Denmark), Baumit (Germany), ATLAS Sp. z o.o. (Poland), Rust-Oleum (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Latin America acrylic resin dispersion based primers in construction market is segmented on the basis of material, application, type and end-use.
- On the basis of material, the Latin America acrylic resin dispersion based primers in construction market are segmented into absorbent substrate, non-absorbent substrate
- On the basis of application, the Latin America acrylic resin dispersion based primers in construction market are segmented into before interior paints, before skim coats and renders, before thermal insulation façade system, under-self levelling compounds, under tile adhesives, in dry wall system on gypsum boards
- On the basis of type, the Latin America acrylic resin dispersion based primers in construction market is segmented into Water based, solvent based
- On the basis of end-use, the Latin America acrylic resin dispersion based primers in construction market is segmented into new residential construction, new non-residential construction, new civil engineering, civil engineering renovation, non-residential renovation, and residential renovation
Major Players
Data Bridge Market Research recognizes the following companies as the major Latin America acrylic resin dispersion based primers in construction market players in Latin America acrylic resin dispersion based primers in construction market are PPG Industries, Inc. (U.S.), Axalta (U.S.), Henkel Adhesives Technologies India Private Limited (Germany), The Sherwin-Williams Company (U.S.), Sika Deutschland GmbH (Germany)
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Market Developments
- In 2021, Axalta Coating Systems unveiled Cromac XP, a solvent-borne base coat, aiming to enhance its product portfolio. The launch is part of the company's strategy to introduce highly efficient products, contributing to increased production and revenue. The move aligns with Axalta's commitment to innovation in the competitive market of acrylic resin dispersion-based primers in the construction industry
- In 2021, Nippon Paint introduced FASTAR, a novel hydrophilic and hydrophobic nanodomain structure-based antifouling agent. With this launch, the company anticipates improved revenue and expanded technological capabilities. FASTAR's unique properties position Nippon Paint as an innovator in the market, reflecting its dedication to advancing antifouling solutions and addressing industry demands
- In 2020, Hempel A/S launched five new antifouling solutions—Oceanic Protect+, Oceanic Flex+, Olympic Protect+, Olympic Flex+, and Olympic Protect. These additions to the product line target the low investment hull coating market segment, aiming to diversify offerings and enhance revenue. Hempel's strategic approach reflects a commitment to providing comprehensive solutions and staying competitive in the evolving field of coatings and primers
- In 2020, Dow introduced its INVISU acrylic adhesive portfolio in North America, marking a significant advancement for pressure-sensitive paper and film label applications. The launch demonstrates Dow's dedication to technological progress, aiming to meet evolving market demands. The INVISU portfolio's introduction is expected to contribute to Dow's market presence and competitiveness in the adhesive solutions segment
Regional Analysis
Geographically, the countries covered in the Latin America acrylic resin dispersion based primers in construction market report are U.S., Mexico and Colombia
As per Data Bridge Market Research analysis:
U.S. is the dominant region in Latin America acrylic resin dispersion based primers in construction market during the forecast period 2023-2030
The U.S. dominates the Latin America acrylic resin dispersion-based primers market, driven by its robust construction sector expansion. The nation's influential role stems from significant investments and advancements in construction projects, solidifying its position as a key market player. As the sector continues to thrive, the demand for these primers remains high, further reinforcing the U.S.'s leading position in shaping the market landscape across Latin America.
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