Mexico Industrial Coatings Market Size & Outlook
Mexico industrial coatings market, 2018-2030 (US$M)
Mexico industrial coatings market highlights
- The Mexico industrial coatings market generated a revenue of USD 916.1 million in 2023 and is expected to reach USD 981.7 million by 2027.
- The Mexico market is expected to grow at a CAGR of 1.7% from 2024 to 2027.
- In terms of segment, acrylic was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
Industrial coatings market data book summary
| Market revenue in 2023 | USD 916.1 million |
| Market revenue in 2027 | USD 981.7 million |
| Growth rate | 1.7% (CAGR from 2023 to 2027) |
| Largest segment | Acrylic |
| Fastest growing segment | Acrylic |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Alkyd, Polyurethane, Epoxy, Polyesters, Other |
| Key market players worldwide | Akzo Nobel NV, Axalta Coating Systems Ltd, PPG Industries Inc, Sherwin-Williams Co, Nippon Paint Holdings Co Ltd, NKT A/S |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global industrial coatings market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. industrial coatings market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 17,155.9 million by 2027.
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Industrial Coatings Market Scope
Industrial Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico industrial coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial coatings market will help companies and investors design strategic landscapes.
Acrylic was the largest segment with a revenue share of 35.85% in 2023. Horizon Databook has segmented the Mexico industrial coatings market based on acrylic, alkyd, polyurethane, epoxy, polyesters, other covering the revenue growth of each sub-segment from 2018 to 2030.
Low tariffs, along with low production costs, on account of broad reach of Mexico's free-trade agreements, are expected to have a substantial influence in attracting significant investments on various end-use sectors, including automotive, general industry and electronics, and others.
This is expected to propel the demand for industrial coatings in the aforementioned sectors over the forecast period. The expanding automotive sector fueled by the emergence of electric vehicles and a shift in consumer purchase behavior from considering cars as luxuries to now considering them as necessities are also anticipated to have a positive impact on the industrial coatings market in the country.
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Target buyers of Mexico industrial coatings market databook
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Our clientele includes a mix of industrial coatings market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico industrial coatings market , including forecasts for subscribers. This country databook contains high-level insights into Mexico industrial coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico industrial coatings market size, by product, 2018-2030 (US$M)
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