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Mexico Industrial Coatings Market Research Report: Forecast (2022-2027)

By End User [Agriculture, Construction & Earth Moving (ACE), Railways, Consumer Design Finishes (CDF), Automotive, Truck & Trailers, Packaging, Others], By Demand Type (OEM, Refini......shing), By Resin Type (Polyurethane, Epoxy, Acrylic, Alkyd, Polyester, Others), By Technology (Solvent-Based, Water-Based, Powder-Based), By Competitors (Axalta Coating Systems, PPG Industries, Inc., Sherwin Williams, Henkel AG & Co. KGaA, Akzo Nobel N.V.) Read more

Chemicals
Dec 2021
Pages 178
Report Format: PDF, Excel, PPT

Market Definition

Industrial Coatings are essential paints applied on steel or concrete. They are used extensively across several sectors, with corrosion protection as their most common application. Currently, Mexico is witnessing an augmented demand for industrial coatings, mainly due to the increasing number of manufacturing businesses & burgeoning construction activities in the country.

Market Insights

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. The market growth ascribes primarily to massive investments in manufacturing vehicles & their components that have established new industrial facilities across Mexico and, in turn, has propelled the demand for industrial coatings in the country.

Additionally, Mexico's Free Trade Agreements (FTA) with the USA, Canada, & European Union encouraging several global players to set up their manufacturing units across the country is another crucial aspect driving the market, further states the research report, “Mexico Industrial Coatings Market Analysis, 2022.”

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	19%
Key Companies Profiled	Axalta Coating Systems, PPG Industries, Inc., Sherwin Williams, Henkel AG & Co. KGaA, Akzo Nobel N.V.
Unit Denominations	USD Million/Billion

Covid-19 Impact on the Mexico Industrial Coatings Market

In 2020, the Covid-19 pandemic brought severe disruptions in the Mexico Industrial Coatings Market. The slowdown in construction activities led to a decrease in the demand for construction equipment, such as excavators, graders, etc. Moreover, to limit the spread of the deadly virus, various production facilities (automotive, construction & agriculture equipment manufacturing), were temporarily shut down, thereby slowing the demand for Industrial Coatings in Mexico.

Furthermore, global microchips supply shortages lead to a deceleration in the manufacturing of automobiles in the country, which in turn lead to the decline in demand for the industrial coatings and thus, created a significant impact on the Mexico Industrial Coatings market. For instance, in 2020, the Mexico automotive market experienced a production decline of light vehicles to around 28% in comparison with 2019, which negatively impacted the revenue growth of the Mexico Industrial Coatings markets.

Introduction
1. Research Process
2. Assumption
3. Market Segmentation
4. Market Definition
Executive Summary
Impact of COVID-19 on Mexico Industrial Coatings Market
Mexico Industrial Coatings Market Regulations
Mexico Industrial Coatings Market Analysis Trends & Insights
Mexico Industrial Coatings Market Dynamics
1. Market Growth Drivers
2. Challenges
3. Impact Analysis
Mexico Industrial Coatings Market Supply Chain Analysis, 2021
Mexico Industrial Coatings Market Analysis Hotspots & Opportunities
Mexico Industrial Coatings Market Strategic Imperatives for Success & Growth
Mexico Industrial Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in Kilo Tons
2. Market Share & Analysis
  1. By End Users (In Kilo Tons & USD Million)
    1. Agriculture
    2. Construction & Earth Moving
    3. Railways
    4. Consumer Design Finishes (CDF)
    5. Automotive
    6. Truck and Trailers
    7. Packaging
    8. Others (Marine, Aerospace)
  2. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  3. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  4. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
  5. By Competitors
    1. Competitor Capabilities
    2. Market Presence
    3. Key Customers Catered
    4. Competition Characteristics
Mexico Agricultural Industrial Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Construction & Earthmoving Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Railways Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Consumer Design Finishes Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Automotive Industry Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Vehicle Type (In Kilo Tons & USD Million)
    1. Light Commercial Vehicle
      1. Light Trucks
      2. Light Buses
      3. Minivans
    2. Medium & Heavy Commercial Vehicle
      1. Bus
      2. Trucks
  3. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  4. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Trucks and Trailers Industry Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings for Packaging Industry Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. Revenues in USD Million
  2. By Quantity Sold in KiloTons
2. Market Share & Analysis
  1. By Demand Type (In Kilo Tons & USD Million)
    1. OEM
    2. Refinishing
  2. By Resin Type (In Kilo Tons & USD Million)
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Alkyd
    5. Polyester
    6. Others
  3. By Technology (In Kilo Tons & USD Million)
    1. Solvent Based
    2. Water Based
    3. Powder
Mexico Industrial Coatings Market Top OEMs
1. By Annual Requirements
2. Current Capabilities
3. Current Suppliers
  1. In House
  2. External Suppliers
Company Profiles
1. Axalta Coating Systems Mexico S de RL de CV
2. PPG Industries, Inc.
3. Sherwin Williams
4. HEMPEL DE MEXICO, SA DE CV
5. Henkel AG & Co. KGaA
6. Jotun Mexico SA de CV
7. Akzo Noble N.V.
8. Sika Mexicana SA de CV
9. BASF Coatings de Mexico, S.A. de C
10. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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