Mounting Demand for Canned Food & Beverages in Mexico to Drive the Industrial Coatings Market through 2027

The Mexico Industrial Coatings Market is projected to witness around 19% CAGR during the forecast period, i.e., 2022-27, says MarkNtel Advisors in their research report. The growth of the market attributes primarily to the burgeoning use of industrial coatings in the food & beverage industry to prevent food contamination. Protective coatings on cans used for storing beer, soft drinks, vegetables, meat, fish, coupled with lids of glass & bottle jars, etc., play a vital role in the food preservation process.

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Key Questions Answered in the Study
1. What are the current & future trends in the Mexico Industrial Coatings Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across Mexico, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Mexico Industrial Coatings market?
5. What are the customer orientation, purchase behaviour, and expectations from industrial coating providers across Mexico?

The Covid-19 pandemic in 2020 has significantly contributed to the market growth by prompting consumers to buy more canned food & beverages, which, in turn, has surged the use of protective coatings to be used on those cans.

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Furthermore, the rapidly increasing working populace, mounting inclination toward packaged food, and the burgeoning disposable income are leading to surging consumption of canned food & beverages in Mexico, thereby driving the demand for industrial coatings. The leading players in the market include Axalta Coating Systems, PPG Industries, Inc., Sherwin Williams, Henkel AG & Co. KGaA, & Akzo Nobel N.V., further states the research report, “Mexico Industrial Coatings Market Analysis, 2022.”

Prime Features of the Research Report:

The prime objective of this report is to help users understand the Market's definition, shares, segmentation, potential, key trends, and growth challenges. The readers will find this report extremely helpful in thoroughly understanding the market insights. The market data & information taken from reliable sources were checked & validated by the industry experts. Following are other inclusions of the Market research report:

• Covid-19 Impact Analysis on the market growth.
• Regional/Country-Level Landscape
• Figures citing sales volume & revenue.
• Assessment of the major industry trends.
• A citation of the prominent companies in the Market

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Market Segmentation:

By End User
Agriculture, Construction & Earth Moving (ACE)
Railways
Consumer Design Finishes (CDF)
Automotive
Truck & Trailers
Packaging
Others

By Demand Type
OEM
Refinishing

By Resin Type
Polyurethane
Epoxy
Acrylic
Alkyd
Polyester
Others

By Technology
Solvent-Based
Water-Based
Powder-Based

By Competitors
Axalta Coating Systems
PPG Industries, Inc.
Sherwin Williams
Henkel AG & Co. KGaA
Akzo Nobel N.V.

MarkNtel Advisors
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About Us:

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.