Mexico Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Mexico Architectural Coatings Market is segmented by Sub End User ( Commercial, Residential ) , by Technology ( Solventborne, Waterborne ) and by Resin ( Acrylic, Alkyd, Epoxy, Polyester, Polyurethane )

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Mexico Architectural Coatings Market Size

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Mexico Architectural Coatings Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.79 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 2.04 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub End User Residential
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 3.32 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Sub End User Residential

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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.

Mexico Architectural Coatings Market Trends

This section covers the major market trends shaping the Mexico Architectural Coatings Market according to our research experts:

Residential is the largest segment by Sub End User.

  • The growth rate of architectural coatings had been declining since 2016 before bouncing back in 2020. The growth registered in 2020 was due to a huge sales increase from the DIY segment, driven by consumers nesting at home and completing DIY projects. The aging housing stock, which reached an average age of 41 years in 2019 from around 31 years in 2001, is a major driver of the market demand.
  • The country’s residential sector held the highest share, at around 78-79%. However, this trend changed drastically in 2020 due to a major increase in the residential repaint demand in parallel with a huge decline in the commercial sector, thus reducing the commercial sector’s share to less than 17.4%.
  • Though the commercial sector’s share is expected to recover during the forecast period, it may not reach the pre-pandemic levels in the short term due to sustained demand in the residential segment.
Mexico Architectural Coatings Market

Mexico Architectural Coatings Industry Overview

The Mexico Architectural Coatings Market is moderately consolidated, with the top five companies occupying 56.86%. The major players in this market are Benjamin Moore & Co., Masco Corporation, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company (sorted alphabetically).

Mexico Architectural Coatings Market Leaders

  1. Benjamin Moore & Co.

  2. Masco Corporation

  3. PPG Industries, Inc.

  4. RPM International Inc.

  5. The Sherwin-Williams Company

*Disclaimer: Major Players sorted in no particular order

Mexico Architectural Coatings Market
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Mexico Architectural Coatings Market News

  • October 2021: Jotun launched Green Building Solutions (GBS), which claims to be the easiest way to design, specify, beautify, and protect buildings worldwide with green building products, keeping the company on par with the ongoing technological developments.
  • August 2021: PPG introduced new PPG ENVIROCRONTM PCS P4 powder coatings for Architectural, home decor, and furniture applications.
  • June 2021: PPG completed the acquisition of Tikkurila, a leading NORDIC paints and coatings company. This acquisition may strengthen PPG's decorative brands and products in the new geography.

Mexico Architectural Coatings Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. INTRODUCTION

  • 2.1 Study Assumptions & Market Definition
  • 2.2 Scope of the Study
  • 2.3 Research Methodology

3. KEY INDUSTRY TRENDS

  • 3.1 Floor Area Trends
  • 3.2 Regulatory Framework
  • 3.3 Value Chain & Distribution Channel Analysis

4. MARKET SEGMENTATION

  • 4.1 Sub End User
    • 4.1.1 Commercial
    • 4.1.2 Residential
  • 4.2 Technology
    • 4.2.1 Solventborne
    • 4.2.2 Waterborne
  • 4.3 Resin
    • 4.3.1 Acrylic
    • 4.3.2 Alkyd
    • 4.3.3 Epoxy
    • 4.3.4 Polyester
    • 4.3.5 Polyurethane
    • 4.3.6 Other Resin Types

5. COMPETITIVE LANDSCAPE

  • 5.1 Key Strategic Moves
  • 5.2 Market Share Analysis
  • 5.3 Company Landscape
  • 5.4 Company Profiles
    • 5.4.1 Benjamin Moore & Co.
    • 5.4.2 Champion Coat Pinturas y Recubrimientos
    • 5.4.3 Corev de México
    • 5.4.4 Jotun
    • 5.4.5 Masco Corporation
    • 5.4.6 Pinturas Acuario
    • 5.4.7 Pinturas Berel, SA de CV
    • 5.4.8 PPG Industries, Inc.
    • 5.4.9 Prisa Pinturas
    • 5.4.10 RPM International Inc.
    • 5.4.11 SayerLack
    • 5.4.12 The Sherwin-Williams Company
  • *List Not Exhaustive

6. KEY STRATEGIC QUESTIONS FOR ARCHITECTURAL COATINGS CEOS

7. APPENDIX

  • 7.1 Global Overview
    • 7.1.1 Overview
    • 7.1.2 Porter's Five Forces Framework
    • 7.1.3 Global Value Chain Analysis
    • 7.1.4 Market Dynamics (DROs)
  • 7.2 Sources & References
  • 7.3 List of Tables & Figures
  • 7.4 Primary Insights
  • 7.5 Data Pack
  • 7.6 Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. MEXICO MARKET, UNDEFINED YOY GROWTH RATE, 2016 - 2028
  1. Figure 2:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 3:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, VALUE, USD, 2016 - 2028
  1. Figure 4:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 5:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 6:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 7:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2016 - 2028
  1. Figure 8:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 9:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 10:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 11:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 12:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY SUB END USER, VALUE, USD, 2016 - 2028
  1. Figure 13:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2021 - 2028
  1. Figure 14:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 15:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 16:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 17:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY TECHNOLOGY, 2016 - 2028
  1. Figure 18:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 19:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 20:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 21:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 22:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY TECHNOLOGY, VALUE, USD, 2016 - 2028
  1. Figure 23:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 24:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 25:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 26:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 27:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY RESIN, 2016 - 2028
  1. Figure 28:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 29:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 30:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 31:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 32:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 33:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 34:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 35:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 36:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 37:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 38:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 39:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 40:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 41:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 42:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 43:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VOLUME, KILOGRAMS, 2016 - 2028
  1. Figure 44:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, BY RESIN, VALUE, USD, 2016 - 2028
  1. Figure 45:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET MARKET, SHARE(%), BY SUB END USER, 2021 - 2028
  1. Figure 46:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 47:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 48:  
  2. MEXICO ARCHITECTURAL COATINGS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Mexico Architectural Coatings Industry Segmentation

Commercial, Residential are covered as segments by Sub End User. Solventborne, Waterborne are covered as segments by Technology. Acrylic, Alkyd, Epoxy, Polyester, Polyurethane are covered as segments by Resin.
Sub End User Commercial
Residential
Technology Solventborne
Waterborne
Resin Acrylic
Alkyd
Epoxy
Polyester
Polyurethane
Other Resin Types
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Market Definition

  • COMMERCIAL - The Commercial Sector includes the paints and coatings used for hotels, hospitals, educational institutions, government institutions and malls among others. The scope does not include paints and coatings used for infrastructure applications.
  • RESIDENTIAL - This section includes interior and exterior paints and coatings used on residential buildings.
  • FLOOR AREA - The total floor area comprises of both existing and new floor area for the sub end users considered in the study.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific end-user segment and country are selected from a group of relevant variables & factors based on the desk research & literature review; along with primary expert inputs.
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Mexico Architectural Coatings Market Research FAQs

The Mexico Architectural Coatings Market size is expected to reach USD 1.79 billion in 2024 and grow at a CAGR of 3.32% to reach USD 2.04 billion by 2028.

In 2024, the Mexico Architectural Coatings Market size is expected to reach USD 1.79 billion.

Benjamin Moore & Co., Masco Corporation, PPG Industries, Inc., RPM International Inc. and The Sherwin-Williams Company are the major companies operating in the Mexico Architectural Coatings Market.

In the Mexico Architectural Coatings Market, the Residential segment accounts for the largest share by sub end user.

In 2024, the Residential segment accounts for the fastest growing by sub end user in the Mexico Architectural Coatings Market.

In 2023, the Mexico Architectural Coatings Market size was estimated at USD 1.73 billion. The report covers the Mexico Architectural Coatings Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Architectural Coatings Market size for years: 2024, 2025, 2026, 2027 and 2028.

Mexico Architectural Coatings Industry Report

Statistics for the 2024 Mexico Architectural Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Architectural Coatings analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Mexico Architectural Coatings Report Snapshots

Mexico Architectural Coatings Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028