Mexico Industrial Coatings Market Overview: 2022-2027

Base Year: 2021

Historical Years:    2017-20

Forecast Years: 2022-2027

According to MarkNtel Advisors, the Mexico Industrial Coatings Market is expected to grow at a CAGR of around 19% during the forecast period, i.e., 2022-27.

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Mexico Industrial Coatings Market Dynamics: 2022-2027

Market Driver

High-Tech Electronics Manufacturing in Mexico Drives the Industrial Coatings Market through 2027

The rapid growth in Mexico's consumer electronics industry is anticipated to propel the demand for industrial coatings in the country during 2022-27. Besides, the rise in foreign investments and the surging foothold of companies through business expansion in the country are other crucial aspects expected to flourish the mexico Industrial coatings market growth.

For instance: Intel planned to invest USD 3.5 billion in chip expansion over the next three years to start assembly & test operations in Mexico, which, in turn, would fuel the production & sales of industrial coatings in the country.

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Mexico Industrial Coatings Market (2022-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By End Users (In Kilo Tons & USD Million)

-Agriculture

-Construction & Earth Moving

-Railways

-Consumer Design Finishes (CDF)

-Automotive

-Truck and Trailers

-Packaging

-Others (Marine, Aerospace)

By Demand Type (In Kilo Tons & USD Million)

-OEM

-Refinishing

By Resin Type (In Kilo Tons & USD Million)

-Polyurethane

-Epoxy

-Acrylic

-Alkyd

-Polyester

-Others

By Technology (In Kilo Tons & USD Million)

-Solvent Based

-Water Based

-Powder.

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Top Companies Operating in the Mexico Industrial Coatings Market:

Axalta Coating Systems, PPG Industries, Inc., Sherwin Williams, Henkel AG & Co. KGaA, Akzo Nobel N.V.

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