Mexico UV Cured Coatings Market Overview, 2028
Mexico presents a promising market for UV-cured coatings due to its growing industrial sector, favorable geographic location, and increasing demand for high-performance coating solutions. UV-cured coatings have gained popularity in Mexico for their quick curing, environmental friendliness, and superior durability. Mexico's industrial sector, encompassing automotive, electronics, packaging, and furniture industries, among others, is a major driver for the UV-cured coating market. The automotive industry, in particular, is witnessing significant growth, with Mexico being a major manufacturing hub for vehicles and automotive components. UV-cured coatings are widely used in automotive applications, such as interior trims, exterior parts, and coatings for plastic components. Factor contributing to the growth of the UV-cured coating market in Mexico is the country's geographic location. Its proximity to the United States, a major market for UV coatings, offers favorable trade opportunities and allows for easy access to advanced UV-curing technologies and materials. UV-cured coatings offer excellent performance characteristics such as superior adhesion, chemical resistance, scratch resistance, and fast curing times. These properties make them suitable for various applications, including wood coatings, electronics, graphic arts, and industrial coatings.
According to the research report Mexico UV Cured Coating Market Overview, 2028, published by Bonafide Research, The Mexico UV Cured Coating market is expected to grow at above 11.20% CAGR from 2023 to 2028.The Mexico has seen a considerable expansion in its packaging industry, driven by factors like increased consumer demand, growing e-commerce, and the rise of organized retail. UV-cured coatings play a vital role in packaging applications, providing protection, enhanced aesthetics, and improved shelf life for various products. Mexico has emerged as a significant exporter of various goods, including coated products. The UV-cured coating market benefits from export opportunities, with Mexican manufacturers supplying coated components and finished products to international markets. Mexican industries are increasingly adopting sustainable practices, and the UV-cured coating market is no exception. Companies in Mexico are incorporating environmentally friendly coatings, implementing recycling programs, and embracing sustainable manufacturing processes to minimize their ecological footprint. The UV-cured coating industry in Mexico emphasizes quality control and adheres to international standards. Manufacturers implement stringent quality control measures to ensure consistent performance and meet customer expectations. Axalta Coating Systems, Sherwin-Williams, PPG Industries, Sayerlack, R-M (BASF),AkzoNobel (Sikkens),Dymax Corporation are the Brands famous in Mexico.
In several Mexican businesses, UV coating is used. UV coatings are widely used in the car industry for interior trim, plastic parts, and metal coatings. UV coatings are used by the packaging industry to improve product appearance, protection, and shelf life. UV coatings are used in the furniture business to provide wood finishes with durability and aesthetic appeal. UV coatings are used in the electronics sector to shield PCBs and gadgets from the elements. UV coatings are also used in the graphic arts, industrial coatings, and other industries where quick cure, great performance, and environmental friendliness are desired. UV coatings are a necessity in Mexico's manufacturing sector due to their adaptability and advantages. Mexican Association of the Paint and Coatings Industry, National Chamber of the Paint and Ink Industry, Mexican Association of Manufacturers of Automotive Coatings are the some of the associations in Mexico.
Mexico has a well-developed manufacturing sector with local companies specializing in UV coatings. These local manufacturers cater to the specific needs of the Mexican market, providing customized coating solutions and quick turnaround times. Sustainability is a growing concern in Mexico, and UV coatings align with this focus. UV coatings are solvent-free and emit low levels of VOCs, contributing to reduced environmental impact. This makes UV coatings an attractive option for industries looking to meet sustainability goals. Mexico's coatings industry, including UV coatings, is characterized by continuous innovation and technology advancements. Manufacturers in Mexico are investing in research and development to enhance coating formulations, UV curing processes, and application techniques to meet the evolving market demands.Acrylic resins are widely used in UV coatings due to their excellent adhesion, durability, and UV resistance. They provide good chemical resistance and gloss retention, making them suitable for various applications, including automotive, wood coatings, and industrial finishes. Epoxy acrylate resins offer high chemical resistance, hardness, and adhesion properties. They are often used in UV-curable clearcoats and primers for demanding applications, such as metal coatings, electronics, and industrial equipment. Polyester acrylate resins provide excellent flexibility, weather ability, and impact resistance. They are commonly used in UV coatings for outdoor applications, including architectural coatings, automotive exteriors and signage are some of the famous in Mexico.
Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028
Aspects covered in this report
• Mexico UV Cured 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 Composition
•Oligomers
•Monomers
•Photoinitiators
•PU Dispersions
•Others
By Types:
•Wood Coatings
•Plastic Coatings
•Over Print Varnish
•Display Coatings
•Conformal Coatings
By End use industry:
•Industrial Coatings
•Electronics
•Graphic Arts
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 listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the 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 conducted 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 group, and gender. Once we have primary data with us. We have started verifying the details obtained from secondary sources.
Intended audienceThis report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to UV cured coating Market industry, 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.
Keywords:
Mexico,UV Curing, High-Gloss Finish, UV Resins, Scratch Resistance, Instant Curing, UV Protective Coatings, UV Adhesives, Industrial Coatings, Printing and Packaging, Automotive Coatings, Furniture Coatings, Electronics Coatings