Market Size of mexico architectural coatings Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2016 - 2028 | |
Market Size (2024) | USD 1.79 Billion | |
Market Size (2028) | USD 2.04 Billion | |
Largest Share by Sub End User | Residential | |
CAGR (2024 - 2028) | 3.32 % | |
Fastest Growing by Sub End User | Residential | |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mexico Architectural Coatings Market Analysis
The Mexico Architectural Coatings Market size is estimated at USD 1.79 billion in 2024, and is expected to reach USD 2.04 billion by 2028, growing at a CAGR of 3.32% during the forecast period (2024-2028).
- Largest Segment by End-user - Residential : The share of residential architectural coatings in the country has been rising, owing to lower commercial investment in Mexico compared to residential investment.
- Largest Segment by Technology - Waterborne : Waterborne technology is popular due to awareness about the harmful effects of VOC emissions in the residential sector and regulatory compliance in the commercial sector.
- Largest Segment by Resin - Acrylic : Acrylic is the largest and fastest-growing resin type in Mexico due to the increasing share of acrylics in the growing waterborne segment to meet the new VOC limits.