According to MarkNtel Advisors, the Mexico Industrial Coatings Market is expected to grow at a CAGR of around 19% during the forecast period, i.e., 2022-27.

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Key Findings of the Study: Mexico Industrial Coatings market

High-Tech Electronics Manufacturing in Mexico Drives the Industrial Coatings Market through 2027

The rapid growth in Mexico's consumer electronics industry is anticipated to propel the demand for industrial coatings in the country during 2022-27. Besides, the rise in foreign investments and the surging foothold of companies through business expansion in the country are other crucial aspects expected to flourish the mexico Industrial coatings market growth.

For instance: Intel planned to invest USD 3.5 billion in chip expansion over the next three years to start assembly & test operations in Mexico, which, in turn, would fuel the production & sales of industrial coatings in the country.

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Scope of the Report and Mexico Industrial Coatings Market Segmentation:

By End Users (In Kilo Tons & USD Million)

• Agriculture
• Construction & Earth Moving
• Railways
• Consumer Design Finishes (CDF)
• Automotive
• Truck and Trailers
• Packaging
• Others (Marine, Aerospace) 

By Demand Type (In Kilo Tons & USD Million)

• OEM
• Refinishing

By Resin Type (In Kilo Tons & USD Million)

• Polyurethane
• Epoxy
• Acrylic
• Alkyd 
• Polyester
• Others

By Technology (In Kilo Tons & USD Million)

• Solvent Based
• Water Based
• Powder

The market growth across Mexico's Automotive sector owes to the country being one of the largest exporters of commercial vehicles to the US, followed by Canada & other Latin American countries.

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