Mexico Water Borne Coatings Market Research Report, 2028

The term "waterborne coating" describes a type of coating in which water is used as the main solvent rather than conventional organic solvents. It is an emulsion or dispersion made up of resins, pigments, additives, and water that may be applied to a variety of surfaces. Lower VOC emissions, decreased odour, increased safety, and environmental sustainability are just a few benefits that waterborne coatings have over solvent-based coatings. The production, consumption, and market dynamics pertaining to waterborne coatings in Mexico are referred to as the "waterborne coating market." Multiple factors have contributed to the market for waterborne coatings in Mexico seeing tremendous expansion. The demand for eco-friendly and low-VOC coatings has increased as a result of the nation's stringent environmental laws and growing awareness of sustainable practices. Mexico's largest markets for waterborne coatings include the construction, automotive, industrial maintenance, and furniture manufacturing sectors. The market is made up of both national and international producers and suppliers who provide a wide selection of waterborne coating solutions that are adapted to various applications and performance specifications. The waterborne coating industry is anticipated to grow further as Mexico prioritizes economic development and environmental sustainability, providing potential for innovation and market growth. According to the research report "Mexico Waterborne Coating Market Research Report, 2028," published by Actual Market Research, The Mexico Waterborne Coating market is expected to grow at above 7.04% CAGR from 2023 to 2028. Mexico's rapid industrialization, particularly in sectors such as automotive manufacturing, construction, and industrial maintenance, has contributed to the growth of the waterborne coating market. These industries require high-performance coatings that provide protection, durability, and aesthetic appeal, making waterborne coatings a preferred choice. The Mexico waterborne coating market has witnessed a significant rise in environmental consciousness among consumers, industries, and regulatory bodies. This has led to increased demand for eco-friendly and low-VOC coatings, driving the adoption of waterborne coatings as a sustainable alternative. Mexico's waterborne coating market has witnessed a gradual shift from solvent-based coatings to water-based solutions. This shift is driven by factors such as environmental regulations, improved technology and performance of waterborne coatings, and increasing awareness of the health and safety benefits they offer. The Mexico waterborne coating market is characterized by ongoing innovation and product development. Manufacturers are investing in research and development to introduce advanced waterborne coatings that meet the specific needs of Mexican industries, such as enhanced adhesion, resistance to extreme weather conditions, and improved application properties.

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The acrylic resin type is widely employed in the aqueous coating business in Mexico. Acrylic resins are ideal for a variety of applications because of their great adhesion, toughness, and weather resistance. Architectural coatings for internal and outdoor surfaces, such as walls, ceilings, and facades, frequently employ them. Acrylic aqueous coatings give protection and aesthetic appeal in addition to a smooth, long-lasting surface. Also, polyurethane (PU) resin-based aqueous coatings are widely used in the automotive industry. These coatings are ideal for automobile body parts and components because they offer great adhesion, scratch resistance, and chemical resistance. Epoxy resin-based aqueous coatings are frequently favored in industrial applications because of their superior chemical resistance, corrosion protection, and adhesive qualities. They frequently offer long-lasting protection for metal substrates like pipes, storage tanks, and equipment. Specific associations and events in the Mexican waterborne coating sector promote industry collaboration, knowledge sharing, and business prospects. The Mexican Association of Paint and Ink Manufacturers (ANAFAPYT) is crucial in advancing best practices and protecting the interests of its members. Expo Pinturas y Recubrimientos, a significant industry gathering, gives producers and suppliers a stage to present their goods and innovations, including aqueous coatings. Despite not being specifically about Mexico, the Latin American Coatings Show (LACS) draws people from the nation and provides beneficial networking and educational opportunities. The National Association of Manufacturers of Paints and Inks (ANAFAP) also promotes communication and cooperation among those involved in the business. The growth and development of the waterborne coating market in Mexico are supported by these organizations and occasions taken as a whole. In the Mexican industry for waterborne coatings, Comex is a well-known market leader, renowned for its wide range of products and dedication to environmentally friendly business practices. They provide ground-breaking water-based solutions for use in automotive, industrial, and architectural applications. Another significant manufacturer, Pinturas Osel, concentrates on creating superior aqueous coatings for the industrial and architectural markets. A pioneer in the industry, Sherwin-Williams Mexico offers a variety of aqueous coatings that are renowned for their cutting-edge technology and client satisfaction. Utilizing cutting-edge techniques and environmentally acceptable raw materials, Grupo D'acryl specializes in environmentally friendly aqueous coatings. By consistently enhancing the performance, application characteristics, and environmental sustainability of aqueous coatings in Mexico, these market leaders foster innovation. the Mexico waterborne coating market is the growing adoption of nanotechnology in waterborne coatings. Nanotechnology involves manipulating materials at the nanoscale level, resulting in unique properties and enhanced performance. In Mexico, manufacturers are increasingly incorporating nanomaterials into waterborne coatings to improve characteristics such as scratch resistance, UV protection, and self-cleaning capabilities. This integration of nanotechnology allows for the development of advanced waterborne coatings that offer superior durability, aesthetics, and functionality. The aqueous coatings business in Mexico offers both potential and difficulties. Growing environmental consciousness in the nation, which is driving up demand for eco-friendly coatings, is one of the key potentials. Waterborne coatings with low VOC emissions are becoming more popular due to strict regulations and consumer demand for environmentally friendly products. Additionally, because aqueous coatings provide great durability and aesthetics for residential and commercial constructions, Mexico's infrastructure development projects provide an advantageous climate for architectural coatings. Opportunities for waterborne coatings in Mexico are also provided by the automotive industry. The need for coatings used in vehicle body parts to improve corrosion resistance and offer a high-quality finish is growing as the nation's automotive manufacturing industry expands. Waterborne coatings have potential in the industrial sector since they are used in maintenance and protection applications where durability and corrosion resistance are essential. The market for aqueous coatings in Mexico still faces difficulties. The higher initial cost compared to solvent-based coatings is one of the main obstacles and may put off price-conscious customers. The appropriate application of aqueous coatings also necessitates technical know-how and specialized tools, which presents difficulties for both producers and applicators.

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Kripa Shah

Senior Analyst

Considered in this report: • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Mexico Waterborne coating market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Resin Type: • Acrylic • Polyester • Alkyd • Epoxy • Polyurethane • PTFE • PVDF • PVDC

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By Application: • Architectural • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the waterborne coating market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry