Mexico Intumescent Coatings Market Size & Outlook
Mexico intumescent coatings market, 2018-2030 (US$M)
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Mexico intumescent coatings market highlights
- The Mexico intumescent coatings market generated a revenue of USD 14.6 million in 2022 and is expected to reach USD 22.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, epoxy-based was the largest revenue generating type in 2022.
- Water-based is the most lucrative type segment registering the fastest growth during the forecast period.
Intumescent coatings market data book summary
| Market revenue in 2022 | USD 14.6 million |
| Market revenue in 2030 | USD 22.6 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Epoxy-based |
| Fastest growing segment | Water-based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-based, Solvent-based, Epoxy-based |
| Key market players worldwide | Akzo Nobel NV, Contango Holdings PLC, NKT A/S, Sherwin-Williams Co, RPM International Inc, PPG Industries Inc, 3M Co, Sika AG, TOR Minerals International Inc |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.3% of the global intumescent coatings market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intumescent coatings market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 22.6 million by 2030.
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Intumescent Coatings Market Scope
Intumescent Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico intumescent 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 intumescent coatings market will help companies and investors design strategic landscapes.
Epoxy-based was the largest segment with a revenue share of 79.45% in 2022. Horizon Databook has segmented the Mexico intumescent coatings market based on water-based, solvent-based, epoxy-based covering the revenue growth of each sub-segment from 2018 to 2030.
The growing construction industry is considered to propel the demand for intumescent coatings in Mexico. The strong support of the independent government and parastatal agencies such as INFONAVIT (the Institute of the National Housing Fund for Workers), FOVISSSTE (the largest housing fund for state workers in Mexico) is expected to prominently fuel the growth of housing sector in the country.
In addition, the rising focus on green buildings in the country can be attributed to several benefits such as energy-saving, improved air quality, low operational cost, and efficient waste management. Thus, the growing housing sector and increasing demand for green buildings are expected to potentially drive the construction industry in Mexico, which, in turn, is anticipated to create a high demand for intumescent coatings over the forecast period.
In addition, low tariffs along with low production costs, on account of the broad reach of Mexico's free trade agreements, are expected to have a substantial influence in attracting significant investments in various end-use sectors including automotive, construction, and others. This is expected to propel the demand for intumescent coatings in the aforementioned sectors over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico intumescent coatings market , including forecasts for subscribers. This country databook contains high-level insights into Mexico intumescent coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico intumescent coatings market size, by type, 2018-2030 (US$M)
Mexico Intumescent Coatings Market Outlook Share, 2022 & 2030 (US$M)
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