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Latin America Commercial Vehicle Coatings Market Insights 2023-2028

The Latin America Commercial Vehicle Coatings Market is projected to grow at a CAGR of around 6.7% during the forecast period, i.e., 2023-2028, owing to the growing manufacturing of commercial vehicles such as pickup trucks, pickup vans, light buses, and heavy trucks & buses across the region.

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Top Players in the Latin America Commercial Vehicle Coatings Market:

  • Axalta Coating Systems
  • BASF
  • PPG Industries
  • Kansai Paint
  • Akzo Nobel
  • Valspar Corporation
  • Cabot Corporation
  • Clariant AG
  • Eastman Chemical Company
  • Lord Corporation
  • Others

Segmentation Analysis of Latin America Commercial Vehicle Coatings Market

Latin America Commercial Vehicle Coatings Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023 to 2028, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

  • By Product Type
    • Primer
    • Basecoat
    • Electro-coats
    • Clear-coats
  • By Substrate
    • Metal
    • Plastic
    • Composite
  • By Technology
    • Waterborne Coatings
    • Solvent-borne Coatings
    • Powder Coatings
    • UV-Cured Coatings
  • By Resin Type
    • Polyurethane
    • Epoxy
    • Acrylic
    • Others (Vinyl, Alkyd)
  • By Application
    • Light Commercial Vehicle
      • Pickup Trucks
      • Pickup Vans & Trucks
      • Light Bus
    • Medium & Heavy Commercial Vehicle

Based on Application: Among them, Medium & Heavy Commercial vehicles, such as buses & trucks, witnessed considerable growth in the Latin America Commercial Vehicle Coating market, owing to the large-scale production & presence of extensive fleet size across the region. Additionally, the availability of large-scale manufacturing sites for trucks & buses in countries, including Mexico, Brazil, etc., has been proliferating the demand for coating materials. The growing use of trucks for transporting huge volumes of products like petroleum products, food & beverages, construction products, e-commerce, etc., to long distances in the region, has been driving the manufacturing & sales of trucks in the region.

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A Comprehensive Geographical Analysis:

By Country

  • Brazil
  • Mexico
  • Argentina
  • Peru
  • Others

Of all the countries across the region, Mexico experienced significant growth in the sale of commercial vehicle coatings, owing to the presence of manufacturing facilities of various commercial vehicle OEM companies such as Daimler, Volvo, Ford, etc.

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