IRL Lowers Projections for Mexican Coatings Market
LONDON – IRL is offering a new edition of its single-country report, A Profile of the Mexican Paint Industry. In the study, IRL examines Mexico’s coatings market independently and not as a part of a regional study on the Central American paint market, providing users with more in-depth information on the coatings market influences and trends. The fully updated second edition provides market data for 2013 and forecasts for 2018.
According to the report, the total consumption of paints and coatings in Mexico reached 870,000 metric tons in 2013, and is forecast to rise to more than 998,000 metric tons by 2018. This is equivalent to an average annual growth rate of 2.9%, which is somewhat lower than past projections.