Market revenue in 2024 | USD 956.7 million |
Market revenue in 2030 | USD 1,080.4 million |
Growth rate | 2.1% (CAGR from 2025 to 2030) |
Largest segment | Acrylic |
Fastest growing segment | Acrylic |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
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 |
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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 36.71% in 2024. 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.
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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