Mexico Coating Market Report and Forecast 2025-2034
Description
The Mexico coating market size reached nearly USD 3.12 Billion in 2024. The market is projected to grow at a CAGR of 4.10% between 2025 and 2034, reaching almost USD 4.66 Billion by 2034.
The Mexican manufacturing industry is thriving, driven by increasing foreign direct investments from the USA, Japan, and other European countries. With the increase in the production volume of various household appliances and automotive and electronic goods, the demand for powder-based coatings is increasing significantly. With the increasing automation of powder coating technology and improvements in colour change technology, the Mexico coating market growth is expected to witness an upward trajectory over the forecast period.
Rising infrastructural development in Mexico is also expected to propel the Mexico coating market expansion. For instance, Felipe Ángeles International Airport in Mexico City is primarily made from architectural metal components, which require high standards of polishing and coating. In 2022, the Mexican government announced its plans to invest $600 million in the construction of new airports and other buildings, which is further expected to leverage the Mexico coating market growth.
Major market players in the Mexico coating market are expanding their production capabilities to capitalise on the opportunities presented by nearshoring American and European business operations. For instance, WEG is investing $20 million in Atotonilco de Tula for the construction of a new factory for manufacturing industrial liquid paints.
Market Segmentation
Mexico Coating Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Others
Market Breakup by Technology
Solvent Borne
Water Borne
Powder Based
Others
Market Breakup by End Use
Automotive
Electronics
Aerospace
General Industrial
Power Generation
Marine
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico coating market players are:
BASF SE
Akzo Nobel N.V.
PPG Industries Inc.
Hempel A/S
Nippon Paint Holdings Co., Ltd.
Axalta Coating Systems, LLC
Jotun A/S
The Sherwin-Williams Company
Kansai Paint Co., Ltd.
Corev Inc.
Champion Coat Paints and Coatings
Others
The Mexican manufacturing industry is thriving, driven by increasing foreign direct investments from the USA, Japan, and other European countries. With the increase in the production volume of various household appliances and automotive and electronic goods, the demand for powder-based coatings is increasing significantly. With the increasing automation of powder coating technology and improvements in colour change technology, the Mexico coating market growth is expected to witness an upward trajectory over the forecast period.
Rising infrastructural development in Mexico is also expected to propel the Mexico coating market expansion. For instance, Felipe Ángeles International Airport in Mexico City is primarily made from architectural metal components, which require high standards of polishing and coating. In 2022, the Mexican government announced its plans to invest $600 million in the construction of new airports and other buildings, which is further expected to leverage the Mexico coating market growth.
Major market players in the Mexico coating market are expanding their production capabilities to capitalise on the opportunities presented by nearshoring American and European business operations. For instance, WEG is investing $20 million in Atotonilco de Tula for the construction of a new factory for manufacturing industrial liquid paints.
Market Segmentation
Mexico Coating Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Others
Market Breakup by Technology
Solvent Borne
Water Borne
Powder Based
Others
Market Breakup by End Use
Automotive
Electronics
Aerospace
General Industrial
Power Generation
Marine
Others
Market Breakup by Region
Baja California
Northern Mexico
The Bajío
Central Mexico
Pacific Coast
Yucatan Peninsula
Competitive Landscape
The key Mexico coating market players are:
BASF SE
Akzo Nobel N.V.
PPG Industries Inc.
Hempel A/S
Nippon Paint Holdings Co., Ltd.
Axalta Coating Systems, LLC
Jotun A/S
The Sherwin-Williams Company
Kansai Paint Co., Ltd.
Corev Inc.
Champion Coat Paints and Coatings
Others
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Coating Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Coating Historical Market (2018-2024)
- 5.3 Latin America Coating Market Forecast (2025-2034)
- 5.4 Latin America Coating Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Mexico
- 5.4.3 Argentina
- 5.4.4 Others
- 6 Mexico Coating Market Overview
- 6.1 Key Industry Highlights
- 6.2 Mexico Coating Historical Market (2018-2024)
- 6.3 Mexico Coating Market Forecast (2025-2034)
- 7 Mexico Coating Market by Resin
- 7.1 Acrylic
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Alkyd
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Polyurethane
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Epoxy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Polyester
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 Mexico Coating Market by Technology
- 8.1 Solvent Borne
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Water Borne
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Powder Based
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Others
- 9 Mexico Coating Market by End Use
- 9.1 Automotive
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Electronics
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Aerospace
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 General Industrial
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Power Generation
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Marine
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 9.7 Others
- 10 Mexico Coating Market by Region
- 10.1 Baja California
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Northern Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 The Bajío
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Central Mexico
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Pacific Coast
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Yucatan Peninsula
- 10.6.1 Historical Trend (2018-2024)
- 10.6.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Trade Data Analysis (HS Code: 329)
- 12.1 Major Importing Countries
- 12.1.1 By Volume
- 12.1.2 By Value
- 12.2 Major Exporting Countries
- 12.2.1 By Volume
- 12.2.2 By Value
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 BASF SE
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Akzo Nobel N.V.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 PPG Industries Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Hempel A/S
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Nippon Paint Holdings Co., Ltd.
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Axalta Coating Systems, LLC
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Jotun A/S
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 The Sherwin-Williams Company
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Kansai Paint Co., Ltd.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Corev Inc.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Champion Coat Paints and Coatings
- 13.5.11.1 Company Overview
- 13.5.11.2 Product Portfolio
- 13.5.11.3 Demographic Reach and Achievements
- 13.5.11.4 Certifications
- 13.5.12 Others
Pricing
Currency Rates
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