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Historical Year
Forecast Year
The Mexico coating market size reached nearly USD 3.12 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032, reaching almost USD 4.48 billion by 2032.
The Mexican manufacturing industry is thriving, driven by increasing foreign direct investments from the USA, Japan, and other European countries. With the increase in the production volume of various household appliances and automotive and electronic goods, the demand for powder-based coatings is increasing significantly. With the increasing automation of powder coating technology and improvements in colour change technology, the Mexico coating market growth is expected to witness an upward trajectory over the forecast period.
Rising infrastructural development in Mexico is also expected to propel the Mexico coating market expansion. For instance, Felipe Ángeles International Airport in Mexico City is primarily made from architectural metal components, which require high standards of polishing and coating. In 2022, the Mexican government announced its plans to invest $600 million in the construction of new airports and other buildings, which is further expected to leverage the Mexico coating market growth.
Major market players in the Mexico coating market are expanding their production capabilities to capitalise on the opportunities presented by nearshoring American and European business operations. For instance, WEG is investing $20 million in Atotonilco de Tula for the construction of a new factory for manufacturing industrial liquid paints.
Mexico Coating Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
Market Breakup by Technology
Market Breakup by End Use
Market Breakup by Region
The key Mexico coating market players are BASF SE, Akzo Nobel N.V., PPG Industries Inc., Hempel A/S, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Jotun A/S, The Sherwin-Williams Company, Kansai Paint Co., Ltd., Corev Inc., and Champion Coat Paints and Coatings, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin |
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| Breakup by Technology |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at nearly USD 3.12 billion in 2023.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 4.48 billion in 2032.
The different resins in the market include acrylic, alkyd, polyurethane, epoxy, and polyester, among others.
The different segments based on technology considered in the market report are solvent borne, water borne, and powder based, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are BASF SE, Akzo Nobel N.V., PPG Industries Inc., Hempel A/S, Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Jotun A/S, The Sherwin-Williams Company, Kansai Paint Co., Ltd., Corev Inc., and Champion Coat Paints and Coatings, among others.
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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