Mexico Paints And Coatings Market Size & Outlook
Mexico paints and coatings market, 2018-2030 (US$M)
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Mexico paints and coatings market highlights
- The Mexico paints and coatings market generated a revenue of USD 4,335,497.6 million in 2023 and is expected to reach USD 5,694,211.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, waterborne coatings was the largest revenue generating product in 2023.
- Powder coatings is the most lucrative product segment registering the fastest growth during the forecast period.
Paints and coatings market data book summary
| Market revenue in 2023 | USD 4,335,497.6 million |
| Market revenue in 2030 | USD 5,694,211.6 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Waterborne coatings |
| Fastest growing segment | Powder coatings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiation cured coatings, Powder coatings, Waterborne coatings, Solvent-borne coatings |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.2% of the global paints and coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. paints and coatings market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 41,121,817.3 million by 2030.
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Paints and Coatings Market Scope
Paints and Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico paints and 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 paints and coatings market will help companies and investors design strategic landscapes.
Waterborne coatings was the largest segment with a revenue share of 40.82% in 2023. Horizon Databook has segmented the Mexico paints and coatings market based on radiation cured coatings, powder coatings, waterborne coatings, solvent-borne coatings covering the revenue growth of each sub-segment from 2018 to 2030.
In addition, rising focus toward green buildings in the country has contributed to several benefits such as energy-saving, improved air quality, low operational cost, and efficient waste management, which is expected to encourage the application of low-VOC emission coatings such as waterborne and powder-based coatings in the coming years.
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, general industries, and building & construction.
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Target buyers of Mexico paints and coatings market databook
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Our clientele includes a mix of paints and coatings market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico paints and coatings market , including forecasts for subscribers. This country databook contains high-level insights into Mexico paints and coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico paints and coatings market size, by product, 2018-2030 (US$M)
Mexico Paints and Coatings Market Outlook Share, 2023 & 2030 (US$M)
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