Mexico Waterborne Coatings Market Size & Outlook
Mexico waterborne coatings market, 2018-2030 (US$M)
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Mexico waterborne coatings market highlights
- The Mexico waterborne coatings market generated a revenue of USD 1,485.5 million in 2022 and is expected to reach USD 2,025.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.9% from 2023 to 2030.
- In terms of segment, architectural was the largest revenue generating application in 2022.
- Marine is the most lucrative application segment registering the fastest growth during the forecast period.
Waterborne coatings market data book summary
| Market revenue in 2022 | USD 1,485.5 million |
| Market revenue in 2030 | USD 2,025.1 million |
| Growth rate | 3.9% (CAGR from 2022 to 2030) |
| Largest segment | Architectural |
| Fastest growing segment | Marine |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Architectural, General Industries, Automotive OEM, Metal Packaging, Protective Coatings, Automotive Refinish, Industrial Wood, Marine, Coil |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Axalta Coating Systems Ltd, Kansai Paint Co Ltd, Nippon Paint Holdings Co Ltd, PPG Industries Inc, RPM International Inc, Sherwin-Williams Co, Berger Paints, Valspar, Tikkurila Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.2% of the global waterborne 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. waterborne coatings market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,068.1 million by 2030.
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Waterborne Coatings Market Scope
Waterborne Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico waterborne 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 waterborne coatings market will help companies and investors design strategic landscapes.
Architectural was the largest segment with a revenue share of 78.05% in 2022. Horizon Databook has segmented the Mexico waterborne coatings market based on architectural, general industries, automotive oem, metal packaging, protective coatings, automotive refinish, industrial wood, marine, coil covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is expected to be a fast growing economy over the forecast period. However, the country’s GDP experience a slow growth in 2017, owing to the ongoing North American Free Trade Agreement (NAFTA) renegotiations and the electoral process.
The country with support from the World Bank aims to promote sustainable growth, strengthening public finances & government efficiency, and increasing social prosperity.
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Our clientele includes a mix of waterborne coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico waterborne coatings market , including forecasts for subscribers. This country databook contains high-level insights into Mexico waterborne coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico waterborne coatings market size, by application, 2018-2030 (US$M)
Mexico Waterborne Coatings Market Outlook Share, 2022 & 2030 (US$M)
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