Market Size of Mexico Floor Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Floor Coatings Market Analysis
The Mexico Floor Coatings market is expected to reach USD 200 million by the end of this year and is projected to register a CAGR of over 4% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- Increasing building and construction activities in the country will likely drive market growth in Mexico during the forecast period.
- The demand for floor coatings from the industrial sector is expected to dominate the market studied, and it is expected to grow during the forecast period due to increasing demand from the chemical industry.
- On the flip side, strict regulations on VOCs released for floor coatings hinder market growth.
- With increasing environmental concerns, the rising demand for environment-friendly floor coatings is expected to act as an opportunity to drive the market in the coming years.
