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.
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
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Coating Market Overview
6 Mexico Coating Market Overview
7 Mexico Coating Market by Resin
8 Mexico Coating Market by Technology
9 Mexico Coating Market by End Use
10 Mexico Coating Market by Region
11 Market Dynamics
12 Trade Data Analysis (HS Code: 329)
13 Competitive Landscape
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 3.12 Billion |
| Forecasted Market Value ( USD | $ 4.66 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 11 |
