Chile Architectural Coatings Market to Surpass $2.04 Billion by 2030 Amid Surge in Construction and Sustainability Initiatives

The Chile Architectural Coatings Market is forecasted to reach $2.04 billion by 2030, growing at a CAGR of 6.1% during the forecast period (2024-2030). This growth is fueled by increasing construction activities across residential, commercial, and industrial sectors, along with a rising focus on sustainable solutions. Architectural coatings are being increasingly adopted for their ability to enhance durability and provide protection against weather, UV radiation, and pollution.

Chile’s construction sector is flourishing, with rising demand for residential and commercial spaces contributing to the increased application of architectural coatings. With the country’s building and renovation projects growing rapidly, there is a corresponding rise in the demand for advanced coatings that offer environmental protection and enhanced durability. According to the World Bank, the construction sector in Chile accounted for 31.97% of the GDP in 2022, emphasizing the country’s strong infrastructure investment.

• May 2022: PPG Industries Inc. opened a color automation laboratory in Italy, aimed at strengthening its architectural coatings business. This facility will focus on advancing color customization for the Chilean and global markets.

• February 2022: PPG Industries expanded its coatings business with the acquisition of the powder coating division of Arsonsisi, enhancing its presence in the industrial and architectural coatings markets.

The Chile Architectural Coatings market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: BASF SE, Pinter Peru SAC, Pinturas Ceresita Ltda., Grupo Codelpa Colores Del Pacifico, Brescia (Pinturas Tricolor), The Sherwin Williams Company, Pinturas Blatem, Chilcorrofin, AkzoNobel Group (Pinturas Alba), and PPG Architectural Coatings.