The Mexico Paint and Coatings Market is on a robust growth trajectory, with projections indicating significant expansion by 2025. In 2024, the market reached approximately USD 3.5 billion and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2034, aiming for a value of USD 5.5 billion by 2034. Key Growth Drivers Construction and Infrastructure Development : Mexico's burgeoning construction sector is a primary catalyst for the paint and coatings market. Rapid urbanization and government investments in infrastructure projects have escalated the demand for architectural paints and coatings. Automotive Industry Expansion : As the world's seventh-largest producer of passenger vehicles, with an output of 3.5 million units in 2022, Mexico's automotive industry significantly contributes to the demand for industrial coatings. Technological Advancements : The industry is witnessing a shift towards ...
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